Cost of living in Milan
Milan, a bustling metropolis in Italy, is renowned for its fashion, culture, and economic significance. Understanding the cost of living in Milan is crucial for anyone considering relocating or visiting this vibrant city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21.07 on average, with a range between $13.7 and $31.61.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $84.29, with prices ranging from $52.68 to $126.44.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11.59, with a range between $10.54 and $12.64.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5.27 to $8.43, imported beer $4.21 to $8.43, cappuccino $1.37 to $3.16, and Coke/Pepsi $2.11 to $4.21.
Grocery Prices
- Milk - Milk is priced between $1.16 and $2.11 per liter, averaging $1.68.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.84 and $4.43, with an average price of $2.72.
- Eggs (Dozen) - A dozen eggs range from $2.53 to $5.31, averaging $4.13.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.05 to $3.16 per kg, while oranges range from $1.58 to $4.21 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.05 and $3.16 per kg, and lettuce costs $0.63 to $2.11 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.32 and $2.53, with a monthly pass priced between $28.98 and $48.29.
- Fuel (Gasoline) - Gasoline is priced between $1.84 and $2.09 per liter.
- Taxi Fares - Taxi fares start at $5.27, with a cost of $1.37 to $5.27 per km and $31.61 to $42.15 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1053.66 to $2107.33, averaging $1455.22.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $811.32 to $1422.45, averaging $1010.34.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2107.33 to $4214.66, averaging $2960.52.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1580.5 to $2634.16, averaging $1931.57.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $6321.99 to $12643.97, averaging $9041.38.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $3687.82 to $6321.99, averaging $4713.27.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $147.51 and $447.81, averaging $225.61.
- Internet - Internet services range from $26.33 to $34.77, with an average cost of $28.54.
Cost of Living Rankings
Milan ranks 1st on the Cost of Living rankings in Italy. The cost of living indices for Italy are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Italy, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Milan's cost of living is relatively high, with significant expenses in housing and dining. However, transportation and utilities are more moderately priced.
For those planning to move to Milan, considering accommodation outside the city centre can offer more affordable rental options.
Dining out can be expensive, so cooking at home with local groceries might be a cost-effective alternative.
Conclusion
In conclusion, Milan offers a vibrant lifestyle with a cost of living that reflects its status as a major European city.
While housing and dining can be costly, strategic choices in accommodation and dining can help manage expenses effectively.
Understanding these costs is essential for anyone planning to live or work in Milan, ensuring a well-prepared and enjoyable experience in this dynamic city.