City in Lombardy, Italy
Cost of living in Milan
How much a month costs in Milan
For one person, including rent. A comfortable month costs about $3,150–4,500 (€2,800–4,000).
Prices in Milan
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | €1,400–2,400 | $1,580–2,700 |
| 1-bedroom apartment, outside center (month) | €900–1,500 | $1,010–1,690 |
| Hostel dorm bed (night) | €35–70 | $39–79 |
| Mid-range hotel room (night) | €120–260 | $135–293 |
| Food and drink | ||
| Local meal or street food | €9–16 | $10.1–18.0 |
| Mid-range restaurant, per person | €28–50 | $32–56 |
| Cappuccino | €2–4 | $2.3–4.5 |
| Local beer, 0.5 l in a bar | €5–8 | $5.6–9.0 |
| Getting around | ||
| Public transport, one ride | €2–3 | $2.3–3.4 |
| Ride-hailing or taxi, about 5 km | €12–20 | $14–23 |
| Work and life | ||
| Coworking day pass | €20–40 | $23–45 |
| Gym membership (month) | €40–90 | $45–101 |
| Mobile data, 20–50 GB (month) | €10–20 | $11–23 |
Value for money: 8/100
A value score of 8/100 means Milan gives more quality of life per dollar than 7% of the 1,319 places we cover. Quality here scores 71/100. It's the 33rd most affordable of 38 places we cover in Italy.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Italy
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Palermo | $1,800–2,590 | 46/100 |
| Catania | $1,800–2,590 | 45/100 |
| Lecce | $1,800–2,590 | 53/100 |
| Matera | $1,800–2,700 | 50/100 |
| Sicily | $1,910–2,810 | 38/100 |
| Lucca | $1,910–2,810 | 47/100 |
| Pisa | $2,030–2,810 | 37/100 |
| Bari | $2,030–2,930 | 36/100 |
| Naples | $2,140–3,040 | 22/100 |
| Verona | $2,140–3,040 | 28/100 |
| Siena | $2,140–3,040 | 38/100 |
| Genoa | $2,140–3,040 | 31/100 |
| Turin | $2,140–3,150 | 28/100 |
| Puglia | $2,140–3,150 | 31/100 |
| Sardinia | $2,250–3,380 | 34/100 |
| Taormina | $2,250–3,380 | 26/100 |
| Bologna | $2,360–3,380 | 23/100 |
| Florence | $2,480–3,600 | 20/100 |
| Venice | $2,700–3,830 | 18/100 |
| Lake Como | $2,700–3,940 | 19/100 |
| Tuscany | $2,700–3,940 | 16/100 |
| Sorrento | $2,700–3,940 | 16/100 |
| Lake Garda | $2,700–3,940 | 14/100 |
| Rome | $2,810–3,940 | 14/100 |
| Milan | $3,150–4,500 | 8/100 |
| Cinque Terre | $3,380–5,060 | 9/100 |
| Dolomites | $3,380–5,060 | 5/100 |
| Amalfi Coast | $3,940–5,630 | 6/100 |
| Positano | $5,060–7,310 | 2/100 |
| Capri | $5,060–7,880 | 1/100 |
Cheaper alternatives to Milan
Similar safety, lower cost, in Europe.
Quick answers
How much money do you need per month in Milan?
About $1,690–2,360 on a lean budget, $3,150–4,500 for a comfortable month and $6,190–10,130 for a luxury one, rent included.
How much is rent in Milan?
A furnished 1-bedroom apartment costs €1,400–2,400 ($1,580–2,700) a month in the center and €900–1,500 ($1,010–1,690) outside it.
How much does food cost in Milan?
A local meal is €9–16 ($10.1–18.0); a mid-range restaurant is €28–50 ($32–56) per person.
Is Italy expensive?
Prices in Italy are about 69% of US price levels (World Bank PPP).
More about Milan
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- ATM Milano
- Milan Airports (SEA)
- Trenord
- Comune di Milano
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.