Cost of Living in Milan: Updated Prices, Comparison with Other Countries

Milan can be described as moderate to high, reflecting the city’s status as a prominent cultural, fashion, and financial centre. Milan’s appeal lies in its rich cultural heritage, vibrant nightlife, world-class shopping and prestigious universities, but these amenities come with a price tag. To study in Milan first of all you need to know the average cost of living in Milan along with university fees. While living expenses vary depending on individual preferences and lifestyle choices.

Some key factors that contribute to the overall cost of living in Milan are housing, especially in the city centre, which can be relatively expensive, and dining out or enjoying Milan’s culinary delights may also require a reasonable budget. Nevertheless, Milan offers a diverse range of experiences and with careful planning, it remains an attractive destination for those seeking an extraordinary and enriching urban lifestyle. If you want to learn more about the cost of living in Milan, this blog is perfect for you. Make sure you read till the end to know more.

Why Choose Milan?

Milan, the fashion capital, is a cultural hub with iconic landmarks like the Duomo and “The Last Supper.” It entices art and design enthusiasts, offers delightful Italian cuisine and presents a shopping paradise. Being a financial centre, it has a vibrant nightlife, easy access to Europe, and tranquil green spaces, all complemented by the warm hospitality of its locals. Whether for fashion, art, business or simply exploring a dynamic city, Milan beckons with a unique allure.

Cost of Living in Milan Overview

The average cost of living in Milan for one person excluding housing rent according to the numbeo is around EUR 1,034. If we consider the apartment rent it is around EUR 1000 to EUR 2000. However, the living expenses in Milan can vary depending on the standard of living, province, and preference of things.

The cost of living in Milan includes some costs such as housing rent, meals, groceries, transportation, utilities, amusement, etc. Understanding these factors is crucial for individuals planning to relocate or live in Milan. Here are some factors explained for the cost of living in Milan:

Cost of Accommodation in Milan:

Accommodation costs in Milan largely depend on whether you choose to live inside the city centre or outside it. The accommodation rents inside the city centre are higher. cost of accommodation in Milan covers the major portion of the cost of living in Milan. Here is an overview of the monthly rent of different types of accommodations in Milan.

Accommodation Type	Approx Cost Per Month
Studio	EUR 1207
Rooms	EUR 726
Apartment in City Centre	EUR 1,419
Apartment Outside City Centre	EUR 1000

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Cost of Groceries in Milan:

The food, groceries and beverage markets in Milan are slightly costlier than average. This is because the city is a bustling tourist spot and provides a high-end quality of living. However, the cost of groceries there can have a direct impact on the overall cost of living in Milan. You can plan your expenses properly to stay under budget.

Groceries Items	Approx Cost Per Month
Apples (1kg)	EUR 2.32
Local Cheese (1kg)	EUR 15.71
Rice (white), (1kg)	EUR 3.39
Milk (regular), (1 litre)	EUR 1.62
Lettuce (1 head)	EUR 1.30
Oranges (1kg)	EUR 2.53
Banana (1kg)	EUR 1.93
Onion (1kg)	EUR 1.67
Tomato (1kg)	EUR 3.13
Water (1.5 litre bottle)	EUR 0.55
Eggs (regular) (12)	EUR 3.90
Loaf of Fresh White Bread (500g)	EUR 2.45
Potato (1kg)	EUR 1.72

Cost of Sports and Leisure in Milan:

If you love sports, yoga and fitness exercises then you should also look up to the expense of joining sports and fitness clubs in the country before shifting. This may come up in the form of miscellaneous expenses later, but it is always better to be prepared with a budgeted amount in addition to the cost of living in Milan.

Sports and Leisure	Approx Cost
Fitness Club, Monthly Fee for 1 Adult	EUR 63
Tennis Court Rent (1 Hour on Weekend)	EUR 33
Cinema, International Release, 1 Seat	EUR 10

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Cost of Utilities in Milan

Budgeting for utility expenses is essential when planning your monthly cost of living in Milan as it is a primary part of it. Utility bills are completely an unavoidable expense so here is a list of utility expenses in Milan. This might get a little relaxing on you if your accommodation rent is inclusive of all utility bills.

Utilities	Approx Cost
Mobile Phone Monthly Plan with Calls and 10GB+ Data	EUR 9
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	EUR 264
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	EUR 27

Restaurants Food costs in Milan:

Planning to try out local cuisines? The cost of feasting out in Milan can vary according to the type of restaurant, its area, the cuisine and the menu of the restaurant. Here is a list that will give you an idea to plan your outdoor meals while living in Milan.

Restaurants	Approx Cost
Meal, Inexpensive Restaurant	EUR 20
Meal for 2 People, Mid-range Restaurant, Three-course	EUR 80
Cappuccino (regular)	EUR 1.94
Coke/Pepsi (0.33 litre bottle)	EUR 2.88
McMeal at McDonalds (or Equivalent Combo Meal)	EUR 10

Cost of Transportation in Milan:

Milan offers a range of transportation options to commute. It has several public transport facilities and you can also rent a vehicle to travel privately. It is essential to evaluate transport costs in Milan because they have a considerable impact on the overall cost of living in Milan. Take an overview of the following table for the cost of transportation around the Milan region:

Transportation	Approx Cost
Taxi 1km (Normal Tariff)	EUR 7
Gasoline (1 litre)	EUR 1.87
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	EUR 28,000
One-way Ticket (Local Transport)	EUR 2.20
Monthly Pass (Regular Price)	EUR 39
Taxi 1 hour Waiting (Normal Tariff)	EUR 33.27
Taxi Start (Normal Tariff)	EUR 7
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	EUR 31,061

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Cost of Clothes and Shoes in Milan:

While planning for a long stay, it becomes inevitable to avoid purchasing clothing and footwear. Here is a list of how much the cost of clothes and shoes in Milan:

Clothing And Shoes	Approx Cost
1 Pair of Jeans (Levis 501 Or Similar)	EUR 94
1 Pair of Men Leather Business Shoes	EUR 143
1 Pair of Nike Running Shoes (Mid-Range)	EUR 98
1 Summer Dress in a Chain Store (Zara, H&M, …)	EUR 36

The Cost of Living in Milan Compared to Other Countries

Compared to other cities around the world, Milan can be a relatively expensive country to live in. When comparing the cost of living in Milan to other cities, several factors come into play, such as housing rent, transportation costs, costs of eating out, and entertainment costs.

So to give you an idea of ​​how the cost of living in Milan compares to other cities like London, Rome, Amsterdam, Paris, Dublin, New York, Madrid, Barcelona, Berlin and Munich. We’ve given the cost of living (not including rent) in other countries. Please have a look:

Cost of Living City Wise	Average Cost of living	Comparison with Cost of Living in Milan
Cost of Living in London	EUR 1287	Higher than Milan
Cost of Living in Rome	EUR 847	Lower than Milan
Cost of Living in Amsterdam	EUR 1054	Higher than Milan
Cost of Living in Paris	EUR 1088	Higher than Milan
Cost of Living in Dublin	EUR 1093	Higher than Milan
Cost of living in New York	EUR 1528	Higher than Milan
Cost of living in Madrid	EUR 807	Lower than Milan
Cost of living in Barcelona	EUR 785	Lower than Milan
Cost of living in Berlin	EUR 1,013	Lower than Milan
Cost of living in Munich	EUR 1,028	Approximately equal to Milan

The tables offer insights into the cost of living in Milan, covering various expenses like restaurants, markets, transportation, utilities, sports, childcare, clothing and housing. This data can be beneficial for individuals planning to relocate or budget in the city. However, it’s essential to verify the latest prices as they may change over time.

Relevant Reads:

Cost of Living in Indiana: A Guide on Expected Expenses	Cost of Living in Alberta: A Comprehensive Guide
Cost of Living in Arizona: A Guide on Expected Expenses	Cost of Living in Michigan: A Guide on Expected Expenses
Cost of Living in Helsinki: A Comprehensive Guide	Cost of Living in Virginia: A Guide on Expected Expenses

FAQs on the Cost of Living in Milan

This concludes the information regarding the Cost of Living in Milan. If you have further questions or need assistance with your study abroad journey, don’t hesitate to reach out to our team of experts at Leverage Edu. We are here to ensure a smooth and hassle-free experience for you.