Cost of living in Portofino
Portofino, a picturesque coastal village in Italy, is renowned for its stunning harbor and vibrant lifestyle. Understanding the cost of living here is crucial for anyone considering a move or an extended stay.
This guide provides a detailed breakdown of expenses in Portofino, covering everything from dining and groceries to transportation and housing.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20.86 on average, with a range between $12.52 and $20.86.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $78.22, with prices ranging from $62.58 to $93.87.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.43, with a range between $9.39 and $10.43.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4.17 to $6.26, imported beer $3.13 to $7.3, cappuccino $1.36 to $2.09, and Coke/Pepsi $2.09 to $3.13.
Grocery Prices
- Milk - Milk is priced between $1.25 and $2.09 per liter, averaging $1.91.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $2.09.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $3.13, averaging $2.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.04 to $3.13 per kg, while oranges range from $2.09 to $3.65 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.04 and $2.09 per kg, and lettuce costs $0.83 to $1.56 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.83 and $1.93 per liter.
- Taxi Fares - Taxi fares start at $10.43, with a cost of $52.15 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $26,074.31 and $31,289.18, while a Toyota Corolla is priced at $29,203.23.
Housing Costs
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $12,349.11.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $130.37 and $365.04, averaging $180.35.
- Internet - Internet services range from $26.07 to $30.25, with an average cost of $26.91.
Cost of Living Rankings
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
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"Key Takeaways"
Portofino offers a luxurious lifestyle with dining and housing costs reflecting its exclusive reputation.
While dining can be expensive, grocery prices remain relatively moderate, offering some balance in daily expenses.
Transportation costs are significant, especially for car purchases, but basic utilities and internet services are reasonably priced.
Conclusion
In conclusion, Portofino's cost of living is characterized by high dining and housing expenses, typical of a luxury destination.
Potential residents should budget carefully, especially for dining and transportation, while taking advantage of moderate grocery and utility costs.