Cost of Living in Italy

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The cost of living in Italy is not as high as many suspect. Many tourists are under the impression that Italy is expensive. Have a cup of coffee on St. Mark’s Square in Venice and all your fears are likely to be confirmed. The truth is, outside of the tourist hot-spots, you don’t have to spend a fortune to enjoy the good life.

Obviously, how much it costs to live in Italy will depend on your own lifestyle and where you choose to settle. Housing costs aside, singles can enjoy a comfortable lifestyle in northern and central Italy on an annual income of 16,000 euro to 25,000 euro. Couples may require an income of between 25,000 euro and 40,000 euro.

In practical terms this means that if you’re an English teacher in Florence, for example, you can expect to earn around 1,200 euro per month after taxes. With a monthly rent of, say, 600 euro, disposable income is about 600 euro a month, or 7,200 euro a year. If you’re in a position to share an apartment, your monthly rent will be lower and your disposable income accordingly higher.

*Prices as of 2013

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