Last update: Oct 2026

Cost of Living Comparison Between Florence and Milan

For one person, living is cheaper in Florence: $2,416 a month against $2,560 in Milan, rent and utilities included – about $1,700 less a year. Rent and utilities account for most of the difference.

117

Cost of Living Index in Florence
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Florence Living Index
124

Cost of Living Index in Milan
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Milan Living Index

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Florence

🇮🇹 Italy

$2,416

/mo nomad

Milan

🇮🇹 Italy

$2,560

/mo nomad

Monthly Cost of Living

How much you'll spend in Florence and in Milan

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Florence and in Milan actually costs, broken down by who's living it.

A single person spends $2,416 per month in Florence vs $2,560 in Milan, rent included.

Florence $2,416
Milan $2,560

A couple spends around $3,684 per month in Florence vs $3,895 in Milan, rent included.

Florence $3,684
Milan $3,895

A family of three spends $4,952 per month in Florence vs $5,230 in Milan, rent included.

Florence $4,952
Milan $5,230

Florence is about 6% cheaper than Milan, and outside of rent the biggest gap is in eating out.

Both Florence and Milan sit above the global median – Florence by 79%, Milan by 90%.

Meal at Budget Restaurant

$27.03 €24.04

$22.52 €20.02

20.03%

Three-Course Dinner for Two, Mid-Range

$78.7 €70.0

$89.3 €79.4

-11.83%

Fast Food Meal (McDonalds, etc)

$14.67 €13.05

$13.16 €11.71

11.47%

Cappuccino

$2.27 €2.02

$2.13 €1.90

6.57%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.27 €2.91

$3.67 €3.26

-10.90%

Water (0.33 liter bottle)

$1.49 €1.32

$1.82 €1.62

-18.13%

Local Beer (0.5 liter draught)

$6.65 €5.91

$6.65 €5.92

Imported Beer (0.33 liter bottle)

$7.59 €6.75

$6.64 €5.91

14.31%

Milk (1 liter)

$1.92 €1.71

$1.70 €1.51

12.94%

White Bread (500g)

$2.58 €2.29

$3.16 €2.81

-18.35%

Rice (white) (1kg)

$2.82 €2.50

$3.54 €3.15

-20.34%

Eggs

$4.67 €4.15

$4.88 €4.34

-4.30%

Local Cheese (1kg)

$26.16 €23.27

$22.85 €20.33

14.49%

Chicken Fillets (1kg)

$12.16 €10.81

$14.72 €13.09

-17.39%

Beef Round Steak (1kg)

$25.75 €22.90

$22.77 €20.25

13.09%

Apples (1kg)

$3.01 €2.68

$3.12 €2.77

-3.53%

Banana (1kg)

$2.62 €2.33

$2.39 €2.12

9.62%

Oranges (1kg)

$3.26 €2.90

$3.39 €3.01

-3.83%

Tomato (1kg)

$3.24 €2.88

$4.27 €3.79

-24.12%

Potato (1kg)

$2.27 €2.02

$2.38 €2.12

-4.62%

Onion (1kg)

$1.82 €1.62

$2.04 €1.82

-10.78%

Lettuce (1 head)

$1.88 €1.67

$1.75 €1.56

7.43%

Water (1.5 liter bottle)

$0.70 €0.62

$0.57 €0.51

22.81%

Cigarettes 20 Pack (Marlboro, Camel)

$7.23 €6.43

$7.46 €6.64

-3.08%

Wine (Bottle)

$7.87 €7.00

$9.58 €8.52

-17.85%

Local Beer (0.5 liter bottle)

$2.01 €1.79

Imported Beer (0.33 liter bottle)

$3.14 €2.79

$2.46 €2.19

27.64%

One-way Ticket (Public Transport)

$1.98 €1.76

$2.38 €2.12

-16.81%

Public Transport Monthly Pass (Regular Price)

$42.68 €37.96

$43.27 €38.48

-1.36%

Taxi Start (Normal Tariff)

$3.63 €3.23

$7.67 €6.82

-52.67%

Taxi (Normal Tariff) (1km)

$1.19 €1.06

$2.26 €2.01

-47.35%

Taxi 1hour Waiting (Normal Tariff)

$31.18 €27.73

$65.2 €58.0

-52.17%

Gasoline (1 liter)

$2.19 €1.95

$2.20 €1.95

-0.45%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.9K €32.0K

$36.5K €32.4K

-1.39%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$34.6K €30.8K

$35.4K €31.5K

-2.27%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$247 €220

0.24%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$11.81 €10.50

$10.21 €9.08

15.67%

Internet (50+ Mbps, Unlimited Data)

$33.28 €29.60

$29.16 €25.93

14.13%

Gym Membership (Monthly)

$63.5 €56.5

$82.4 €73.3

-22.91%

Tennis Court (1 Hour on Weekend)

$21.46 €19.08

$34.18 €30.40

-37.21%

Cinema Ticket

$12.64 €11.24

$12.11 €10.77

4.38%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$747 €664

$857 €762

-12.82%

International Primary School, 1 Child (Yearly)

$16.4K €14.5K

$18.6K €16.5K

-11.95%

Jeans (Levis 501 Or Similar)

$96.1 €85.4

$101 €90.2

-5.30%

Summer Dress (H&M, Zara, etc)

$39.37 €35.01

$50.8 €45.21

-22.55%

Sport Shoes (Adidas, Nike)

$109 €96.7

$117 €104

-6.75%

Men's Leather Business Shoes

$145 €129

$167 €149

-13.49%

1-bedroom Apartment, City Center (Monthly)

$1,588 €1,412

$1,731 €1,539

-8.28%

1-bedroom Apartment, Outside City Center (Monthly)

$1,034 €920

$1,169 €1,040

-11.54%

3-bedroom Apartment, City Center (Monthly)

$2,779 €2,472

$3,402 €3,026

-18.32%

3-bedroom Apartment, Outside City Center (Monthly)

$1,842 €1,638

$2,036 €1,811

-9.53%

Buy Apartment in City Center (m2)

$6,269 €5,575

$10.5K €9,375

-40.53%

Buy Apartment Outside City Center (m2)

$3,905 €3,473

$5,240 €4,660

-25.48%

Average Monthly Net Salary (After Tax)

$1,980 €1,761

$2,145 €1,908

-7.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.16

3.18

-0.63%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Florence: October 13, 2026

Last update for Milan: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Florence

$1K 42.8%

Milan

$1.2K 45.7% 13% $135

Groceries & Markets

Florence

$410 17%

Milan

$417 16.3% 1.7% $6.9

Eating Out

Florence

$355 14.7%

Milan

$314 12.3% 11.6% $41

Monthly Utilities & Internet

Florence

$293 12.1%

Milan

$286 11.2% 2.2% $6.3

Clothing & Footwear

Florence

$175 7.2%

Milan

$196 7.7% 12.2% $21

Sport & Entertainment

Florence

$89 3.7%

Milan

$107 4.2% 20% $18

Getting Around

Florence

$60 2.5%

Milan

$72 2.8% 19.2% $12

Cost Breakdown

A central one-bedroom costs $1,588 in Florence versus $1,731 in Milan. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 8% higher in Milan, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $79.0 in Florence versus $89.0 in Milan. Monthly groceries follow the same trend: $410 vs $417 – making Florence the more affordable choice for daily food spending.

Good to know

🇮🇹 Florence

🇮🇹 Milan

🕒 Local time

16:42 4:42 PM

Same time as Florence

🌤 Weather

👥 Population

382,808

1,394,798

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Florence vs Milan: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,416 in Florence, $2,560 in Milan – roughly 6% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,623 per month in Florence and $3,841 in Milan. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Florence, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,416 in Florence and $2,560 in Milan. That's a gap of about 6%.

Public transport costs about 1% less in Florence. For daily commuters, that gap adds up to noticeable savings over a year.

$3,000 is a stretch for both – monthly costs hit $2,416 in Florence and $2,560 in Milan. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Milan has an edge in some lifestyle areas, with costs from $2,416 in Florence to $2,560 in Milan. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Florence. If higher salaries, better infrastructure, or specific career opportunities are the priority, Milan makes more sense. Both are solid long-term options with distinct trade-offs.