Milan, Italy
Italy's fashion and financial capital, a global hub for design, business, and culture with the iconic Duomo and world-class shopping.
Very High vs Italy Avg (100)
Very Expensive
Household income
Job market health
Milan vs Italy Average
Taxes
- State Income Tax: 27.0%
- Sales Tax: 22.0%
Economy & Jobs
- Median Income: €38,000
- Unemployment: 5.5%
- Population: 1,396,000
Climate
- Sunny Days: 190/year
- Summer High: 86°F
- Winter Low: 30°F
- Farming Zone: USDA Zone 5b
Housing
- Median Home: €450,000
- 1BR Rent: €1300/mo
Cost of Living
Milan's cost of living index is 130 (Italy average = 100).
| Category | Milan | National Average | Difference |
|---|---|---|---|
| Overall | 130 | 100 | +30.0% |
| Housing | 170 | 100 | +70.0% |
Data source: ISTAT / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €450,000 |
| Median Rent (1BR) | €1300/mo |
| Median Rent (2BR) | €1,625/mo |
| Price per Sq Ft | €300 |
Data source: Idealista / Immobiliare.it, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Milan:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €100 | |
| Heating & Cooling | €67 | Estimated based on local climate. |
| Cooling (AC) | €2 | Estimated based on local climate and electricity rates |
| Water | €35 | Includes sewer |
| Internet (100+ Mbps) | €30 | Broadband average |
| Garbage / Trash | €20 | Private service |
| Total Utilities | €254 | Monthly estimate (including heating & cooling) |
Data sources: ARERA, Enel, ENI 2025
Remote Work Score
Milan scores —/100 for remote work readiness:
Climate
Milan has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 50°F | 30°F | 2.5" |
| April | 71°F | 45°F | 2.8" |
| July | 86°F | 61°F | 1.5" |
| October | 66°F | 48°F | 2.2" |
Cool — many vegetables, some fruit trees
Natural Hazards
Milan faces the following natural hazards:
Extreme summer heat.
Active volcanic region including Vesuvius and Etna.
Mediterranean climate with frequent wildfires.
Mountainous terrain (Alps, Apennines) with landslides.
Alpine and Apennine regions with avalanches.
Seismic activity in northern Italy.
River flooding.
Winter storms.
Mediterranean coast with tsunami risk.
Southern Italy experiences periodic droughts.
Italy experiences occasional tornadoes.
Based on historical records and geographic risk assessment.
Taxes
- State Income Tax: 27%
- Sales Tax: 22%
- Property Tax: ~0.5% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 5.5%.
Crime & Safety
Crime rates in Milan per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: Eurostat
Schools & Education
Academic Schedule
Many schools have afternoon sessions 2-3 days per week. Schedule varies by region.
Universities & Higher Education
Data source: Center for World University Rankings (CWUR) & World Universities Database
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Milan, Italy?
The cost of living index in Milan is 130, which is Higher the Italy national average of 100.
How much does it cost to buy a home in Milan?
The median home price in Milan is €450,000. The housing index is 170.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Milan is approximately €1300/mo.
Does Milan, LOM have income tax?
Milan is in LOM, which has an income tax rate of 27%.
What is the climate like in Milan?
Milan enjoys approximately 190 sunny days per year. Summer highs reach around 86°F, while winter lows can drop to around 30°F.
Relocation Guides
Data Sources
- Cost of Living: ISTAT / Numbeo, 2026
- Housing Data: Idealista / Immobiliare.it, 2026
- Income & Employment: ISTAT Labour Force Survey, 2024
- Utilities ARERA, Enel, ENI 2025
Data last updated: August 12, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.