Cost of Living in Milan

Milan can be described as moderate to high, reflecting the city’s status as a prominent cultural, fashion and financial centre. While living expenses vary depending on individual preferences and lifestyle choices, some key factors contribute to the overall cost. Milan’s appeal lies in its rich cultural heritage, vibrant nightlife and world-class shopping, but these amenities come with a price tag. Housing, especially in the city centre, 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.

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.

Also Read: Cost of Living in London for Students

Cost of Living in Milan

Understanding the factors below is crucial for individuals planning to relocate or live in Milan. Here are some factors explained for the cost of living:

Accommodation:

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. Here is an overview of the monthly rent of different types of accommodations in Milan.

Accommodation Type	Rent in INR
Studio	109097.73
Rooms	65640.47
Apartment in City Centre	125576.04 – 255724.18
Apartment Outside City Centre	81776.02 – 159206.32

Markets:

The food 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. You can plan your expenses properly to stay under budget.

Markets	Range (INR)
Apples (1kg)	92.05-276.16
Local Cheese (1kg)	874.49-1,841.04
Rice (white), (1kg)	184.10-368.21
Milk (regular), (1 litre)	101.26-165.69
Lettuce (1 head)	55.23-184.10
Chicken Fillets (1kg)	552.31-1,408.39
Oranges (1kg)	92.05-460.26
Banana (1kg)	110.46-368.21
Onion (1kg)	91.13-184.10
Tomato (1kg)	128.87-460.26
Water (1.5 litre bottle)	23.93-92.05
Water (0.33 litre bottle)	92.05-184.10
Eggs (regular) (12)	184.10-460.26
Loaf of Fresh White Bread (500g)	128.87-312.98
Potato (1kg)	91.13-276.16

Also Read: Scholarships in Italy

Childcare:

Here is a monthly overview of childcare expenses in Milan. Education is the key expense for children and you can find good schools for primary education of children all across Milan.

Childcare	Range (INR)
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	55,231.12-82,846.69
International Primary School, Yearly for 1 Child	1,046,629.80-1,979,115.28

Sports and Leisure:

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 might later come as a miscellaneous expense, but it is always better to be prepared with a budget amount.

Sports And Leisure	Range (INR)
Fitness Club, Monthly Fee for 1 Adult	2,761.56-9,205.19
Tennis Court Rent (1 Hour on Weekend)	1,841.04-3,682.07
Cinema, International Release, 1 Seat	828.47-1,104.62

Also Read: Italy Student Visa

Utilities (Monthly):

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 (Monthly)	Range (INR)
Mobile Phone Monthly Plan with Calls and 10GB+ Data	644.36-1,380.78
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	10,432.55-38,661.79
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	2,301.30-3,129.76

Restaurants:

Planning to try out local cuisines? Here is a list which will give you an idea to plan your outdoor meals while living in Milan.

Restaurants	Range (INR)
Meal, Inexpensive Restaurant	1,104.62-2,301.30
Meal for 2 People, Mid-range Restaurant, Three-course	4,602.59-10,585.97
Cappuccino (regular)	110.46-276.16
Coke/Pepsi (0.33 litre bottle)	184.10-368.21
Water (0.33 litre bottle)	92.05-184.10
McMeal at McDonalds (or Equivalent Combo Meal)	828.47-1,104.62

Transportation:

Milan offers a range of transportation options to commute. It has a number of public transport facilities and you can also rent a vehicle to travel privately.

Transportation	Range (INR)
Taxi 1km (Normal Tariff)	104.94-230.13
Gasoline (1 litre)	156.49-184.10
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	2,140,206.06-2,761,556.21
One-way Ticket (Local Transport)	202.51-202.51
Monthly Pass (Regular Price)	2,761.56-4,142.33
Taxi 1 hour Waiting (Normal Tariff)	2,761.56-3,682.07
Taxi Start (Normal Tariff)	368.21-736.41
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	2,577,452.46-2,761,556.21

Clothes and Shoes:

While planning for a long stay, it becomes inevitable to avoid purchasing clothing and footwear. Here is a list of how much these two can cost you in Milan.

Clothing And Shoes	Range (INR)
1 Pair of Jeans (Levis 501 Or Similar)	3,682.07-11,046.22
1 Pair of Men Leather Business Shoes	6,443.63-22,092.45
1 Pair of Nike Running Shoes (Mid-Range)	5,523.11-11,966.74
1 Summer Dress in a Chain Store (Zara, H&M, …)	1,841.04-4,602.

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.

FAQs

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.