Summary about cost of living in Milan, Italy:
|Meal, Inexpensive Restaurant||20.00 €||10.00-25.00|
|Meal for 2 People, Mid-range Restaurant, Three-course||80.00 €||50.00-110.00|
|McMeal at McDonalds (or Equivalent Combo Meal)||10.00 €||8.00-12.00|
|Domestic Beer (1 pint draught)||6.00 €||5.00-7.00|
|Imported Beer (12 oz small bottle)||5.00 €||4.00-7.00|
|Cappuccino (regular)||1.68 €||1.20-2.60|
|Coke/Pepsi (12 oz small bottle)||2.87 €||2.00-3.50|
|Water (12 oz small bottle)||1.23 €||1.00-2.00|
|Milk (regular), (1 gallon)||5.63 €||3.79-6.81|
|Loaf of Fresh White Bread (1 lb)||2.03 €||0.96-3.08|
|Rice (white), (1 lb)||1.25 €||0.68-1.81|
|Eggs (regular) (12)||3.55 €||2.00-5.20|
|Local Cheese (1 lb)||6.43 €||3.63-9.07|
|Chicken Fillets (1 lb)||4.95 €||2.72-6.35|
|Beef Round (1 lb) (or Equivalent Back Leg Red Meat)||8.91 €||4.08-11.34|
|Apples (1 lb)||1.04 €||0.45-1.36|
|Banana (1 lb)||0.88 €||0.54-1.81|
|Oranges (1 lb)||0.99 €||0.45-1.59|
|Tomato (1 lb)||1.23 €||0.64-2.27|
|Potato (1 lb)||0.66 €||0.38-1.13|
|Onion (1 lb)||0.54 €||0.35-0.91|
|Lettuce (1 head)||1.16 €||0.50-2.00|
|Water (1.5 liter bottle)||0.49 €||0.26-1.00|
|Bottle of Wine (Mid-Range)||7.00 €||4.50-12.00|
|Domestic Beer (0.5 liter bottle)||1.48 €||1.00-2.00|
|Imported Beer (12 oz small bottle)||1.95 €||1.00-3.00|
|Cigarettes 20 Pack (Marlboro)||6.00 €||5.50-6.20|
|One-way Ticket (Local Transport)||2.20 €||2.00-2.20|
|Monthly Pass (Regular Price)||39.00 €||30.00-45.00|
|Taxi Start (Normal Tariff)||6.00 €||3.80-8.00|
|Taxi 1 mile (Normal Tariff)||3.22 €||1.83-4.02|
|Taxi 1hour Waiting (Normal Tariff)||35.00 €||30.00-50.00|
|Gasoline (1 gallon)||7.08 €||6.44-7.65|
|Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)||25,000.00 €||23,000.00-30,000.00|
|Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)||28,002.78 €||25,900.00-30,000.00|
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment||198.52 €||100.00-319.00|
|1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)||0.13 €||0.04-0.20|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||27.89 €||25.00-34.00|
Sports And Leisure
|Fitness Club, Monthly Fee for 1 Adult||69.30 €||30.00-110.00|
|Tennis Court Rent (1 Hour on Weekend)||25.96 €||20.00-30.00|
|Cinema, International Release, 1 Seat||10.00 €||9.00-12.00|
|Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child||728.57 €||500.00-900.00|
|International Primary School, Yearly for 1 Child||15,880.55 €||12,000.00-21,500.00|
Clothing And Shoes
|1 Pair of Jeans (Levis 501 Or Similar)||90.53 €||40.00-120.00|
|1 Summer Dress in a Chain Store (Zara, H&M, ...)||32.97 €||19.00-50.00|
|1 Pair of Nike Running Shoes (Mid-Range)||94.11 €||60.00-120.00|
|1 Pair of Men Leather Business Shoes||143.72 €||80.00-240.00|
Rent Per Month
|Apartment (1 bedroom) in City Centre||1,300.40 €||950.00-1,900.00|
|Apartment (1 bedroom) Outside of Centre||870.73 €||650.00-1,200.00|
|Apartment (3 bedrooms) in City Centre||2,669.39 €||2,000.00-4,000.00|
|Apartment (3 bedrooms) Outside of Centre||1,721.25 €||1,400.00-2,200.00|
Buy Apartment Price
|Price per Square Feet to Buy Apartment in City Centre||822.78 €||641.03-1,114.83|
|Price per Square Feet to Buy Apartment Outside of Centre||421.16 €||325.16-510.96|
Salaries And Financing
|Average Monthly Net Salary (After Tax)||1,764.75 €|
|Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate||1.92||1.10-3.50|
|Cost of Living in Monza||14.03 miles|
|Cost of Living in Pavia||24.69 miles|
|Cost of Living in Como||31.05 miles|
|Cost of Living in Novara||32.50 miles|
|Cost of Living in Bergamo||34.83 miles|
|Cost of Living in Varese||35.45 miles|
|Cost of Living in Vercelli||46.99 miles|
|Cost of Living in Brescia||64.52 miles|
|Cost of Living in Turin||87.74 miles|
|Cost of Living in Genoa||90.08 miles|
|DeutschLebenshaltungskosten in Mailand|
|PortuguêsCusto de Vida em Milão|
|ItalianoCosto della Vita a Milano|
|FrançaisCoût de la Vie à Milan|
|EspañolCosto de Vida en Milán|
The tax system does not ALLOW for people to go above 4000.
But in fact, the average salary is like 1400 euros. Even in Rome the situation is much worse, it is 1200 on average!
People live together to make the ends meet. These low salaries are also the reason why the marriage age or pregnancy age are way higher than other countries, or the reason why a huge number of under 35 live with their parents (74%), compared to the EU country (average 35%) which is way higher.
This is also the reason why you see millions of Italians anywhere across the world, as if there is a war in this country.
In fact, the youth are working for the elderlies who are still alive at 100 and taking advantage of the tax system.
Just come to this country or city if you earn somewhere else but would like to enjoy the fashion, parties, etc. Anything non-work related.
Word of advice!
and a high percentage own the appartment where they live. Probably they bought it when it was still affordable....
The average Joe makes €1.600 but there are managers and executives alore with salaries anywhere between €100k and €500k.
Lets not forget that Milan is the business capital of the 7th largest economy in the world.
My salary is €120k gross for example. I'm 41 and most of my italian friends make more or less the same but it's true that there are a lot of people at my company who make a lot less.
In my opinion Milan is the worst city in Europe for purchasing power ahd working conditions even though you have a wide range of career opportunities. Furthermore, work loads in finance are massive, it is common to work after 8 pm.
CAP 20133 (CAP = postal code) represents the average income of the city of Milan, according to the article.
Salaries in Italy aren't sky-high, BUT it depends on the sector. If you studied law, it will be difficult to earn a good amount of money at the beginning of your career, but if you decide to work for Law Firms in the capital market segment, you can expect to make €2000-3300 euros/month (net) + benefits even before the State exam. This won't be the case if you specialise in civil or penal fields (in those cases, you'll struggle).
I have 4 yrs work experience, master degree, work in Fintech and after tax monthly 3000-3500 EUR, 14 months. (Annual gross 70k EUR)
My boyfriend has 7 yrs work experience, work in consulting and after tax monthly 3500-4000 EUR, 14 months. (Annual gross 100k EUR)
We can live a comfortable life and save around 30k per person per year in Milan.
What can I say? The salaries are even lower than 1.600 euros per month. I can ensure you not so many people earn that much, regardless of their studies and/or working experiences.
Unfortunately, it doesn’t really matter whether you got a diploma or you graduated from university: the salaries are ridiculously low, especially if compares to the prohibitive cost of living - as listed above.
The city center isn’t affordable at all for obvious reasons, but so are the suburbs, unless you’d be interested in living in a quite overcrowded neighbourhood with higher micro-criminality rates, and you would still be paying too much among rent, bills, etc…
The city isn’t large at all, it’s actually quite small considering its population which consequently makes it a very crowded and not so bike friendly city.
Furthermore, I solemnly believe it should be cleaner than it currently is: it’s sadly not rare to find garbage on the street as well as broken roads and sidewalks.
I wouldn’t suggest anybody to move to Milan unless they already had an extremely high income, otherwise life won’t be easy at all.
What many expats don’t understand is that nothing is gold here, even if Italy is geographically stunning as a country, but that doesn’t mean we all live well.
You will be given the job you are deserved (by your resume). The cost of living is much higher! Especially the rents.
In the city center only paying the rent (not utilities) is at least 1500 euros!
You can go to cheap chain stores like LiDl or Eurospin but ... !!!
Jobs are awful! Purchasing power is relay really bad!
Don’t listen to italians that feel fine living with 1500 EUR a month, that’s not midclass.
I pay 800€ per a single room in a shared apartment (we're six living there) in the Porta Romana neighborhood. Nowadays that's pretty much the average price for a room if you want to live inside the Circonvallazione. People who pay less have contracts from some years ago or got a huge deal. Or live in run down apartments (pretty common for students in Milan unfortunately).
An average 1 bedroom apartment (bilocale) in good condition is no less than 1500€ in the city centre (in Milan the city center is considered the area inside the ring, the "Circonvallazione"). That's including the condo fees but non including the bills. 1100€ is at most the price for a "monolocale" which isn't a one bedroom apartment, but a one room apartment (studio apartment).
And a three bedrooms apartment in good condition in the city center is definitely way more than 2275€
Sorry but the history is different. You are not well informed about Milan. I live in Milan.....
Most people with a master degree are lucky to earn 500€ on their first job and the salary increases slowly.
I personally know people who works in finance with a master degree from Bocconi (top university in Milan) who gets 500-600€/month with 2 years experience.
Minimum 60,000€/year after 3 years experience in Milan? Gotta be kidding me. Your figures are way off
And prices did rise in the last few years, especially renting prices which are now on par (or higher) with the rest of the Western European capitals.