What is the cost of living in Milan?

The cost of living in Milan is 45.7% cheaper than New York City (index: 54.3). Groceries are 24.9% cheaper than NYC. Restaurants are 22.0% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately EUR 1,503 per month. Local purchasing power index is 72.1 (NYC = 100).

How much tax do you pay in Italy?

In Italy, a gross salary of EUR 50,000 per year results in approximately EUR 2,706 per month take-home pay after income tax and social contributions (effective rate: 35.1%). Use our Italy tax calculator for a personalised breakdown.

🇮🇹 Italy · #98 of 577 cities · 2026

Should I Move to Milan?

Q: Should I move to Milan?

Milan, Italy has a cost of living 45.7% cheaper than New York City (index: 54.3). It is ranked #98 out of 577 cities globally. Local purchasing power is moderate (index: 72.1 vs NYC = 100). Workers in Italy earning EUR 50,000 gross take home approximately EUR 2,706/month after tax. Use our salary comparison calculator to see exactly how your take-home pay would change.

45.7% cheaper to live here than in New York City.

Run the calculator below with your actual salary to get a personalised answer.

-45.7%

vs NYC

EUR 1,503

1-BR, city centre

EUR 2,706

Net take-home

Moderate

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Milan?

Example: EUR 50,000 gross/year in Italy → EUR 2,706/month net after tax (35.1% effective rate). Full Italy tax breakdown →

Cost breakdown: Milan

Cost indices vs NYC = 100

Cost of Living

54.3 Expensive

Rent

38.9 Affordable

Groceries

75.1 Above average

Restaurants

78.0 Above average

Purchasing Power

72.1 Moderate

Rent in Milan

1-BR, city centre EUR 1,503/mo

1-BR, outside centre EUR 1,028/mo

3-BR, city centre EUR 3,079/mo

3-BR, outside centre EUR 1,814/mo

Save by going outside centre 32% cheaper

Numbeo · 2026-10-02

Italy take-home pay

EUR 50,000 → EUR 2,706/Net take-home (35.1% effective rate, single filer)

Full Italy tax calculator →

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇮🇹 Rome

Italy

CoL index 47.1

Compare Rome vs Milan →

🇮🇹 Brescia

Italy

CoL index 45.6

Compare Brescia vs Milan →

🇮🇹 Modena

Italy

CoL index 44.8

Compare Modena vs Milan →

Ready to run the numbers?

Enter your salary and current city. Get exact take-home pay in Milan after tax, in seconds.

Compare salaries → Full cost of living data

Relocation Toolkit

Trusted services for your move

Health insurance for living abroad

Nomad Insurance by SafetyWing: medical cover designed for people working and living outside their home country. Flexible monthly subscription, cancel any time.

Get covered with SafetyWing

Secure your connection in your new city

NordVPN keeps your data safe on public Wi-Fi, lets you access content from home, and is a must-have for remote workers abroad.

Get NordVPN

We may earn a commission if you sign up, at no extra cost to you.