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Italy Cost of Living

Cost of Living in Italy
The cost of living in Italy can fluctuate greatly depending on whether you live in the north or south. The northern part of the boot-shaped country tends to be much wealthier than its southern counterpart, and thus prices in the big cities like Milan are considerably higher than those that expats will find in the rural areas.

Overall, expats should realise that Italy consistently appears toward the top of cost of living indexes in the EU.

As in any location, monthly expenses vary depending on what kind of expat lifestyle you choose to adopt. It’s possible, for example, to pay between 50 and 100 EUR for a meal at a medium-range restaurant, and up to 300 EUR on a three-course meal at a top-end establishment.

As a general indication, monthly expenses for an average single person paying for housing, food, utilities, leisure, transport, health insurance and clothing can cost anything upwards of 975 EUR. A family of four will have to pay approximately 1,995 EUR for the same expenses.

Around 25 percent of an average Italian’s family budget will be spent on accommodation. Depending on where you live in Italy, property prices and rentals will vary considerably. To rent an apartment in Naples may cost you 550 EUR per month, but double that for the same apartment in Milan or Rome. A small 50m² rental apartment in Rome can cost around 1,000 EUR per month, which is three times what you would pay in a rural area for an apartment of the same size.

Increasingly, there has been a demand for retirement and second homes from both Italians and foreigners, as there are still many rural properties offering good value for money. The cost of living in these more remote parts is much lower than it is in the city centres, and one can in fact live quite frugally here compared to other parts of Europe.

 

Accommodation (monthly rent in good area)
Furnished two bedroom house
€1,300.00
Furnished two bedroom apartment
€900.00
Room in shared apartment
€390.00
Food and Drink
One litre milk
€1.50
500g cheese
€5.50
Bread (white)
€2.80
12 eggs
€1.70
1kg sugar
€1.20
500g ground coffee
€3.00
Tea bags (25)
€2.50
One litre Coca-Cola
€1.33
One litre mineral water
€1.80
1kg beef filet
€12.50
1kg minced beef
€4.50
1kg chicken (whole)
€5.00
Beer per can
€0.90
Bottle of wine
€2.50
Cigarettes (pack of 20)
€4.50
Household
2.5kg laundry detergent
€4.20
500ml dishwashing liquid
€1.60
Bath soap
€1.00
Toothpaste
€1.80
200ml shampoo
€2.50
Deodorant
€2.80
Utilities
Telephone line (monthly rental)
€37.00
Mobile/cell phone
€62.00
Electricity costs – apartment (100sq.m)
€70.00
Eating out and entertainment
Three-course restaurant meal
€38.00
Fast-food meal
€8.00
Coffee in café
€1.00
Beer in bar
€3.80
Taxi per km
€3.50
City bus
€1.20
Internet café (30min)
€1.50
Health
Consultation – private doctor/GP
€100.00
Aspirin (100 tablets)
€12.50
Antibiotics (12 tablets)
€22.50

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