Cost of living and prices in Milan, prices of food, rent, shopping, etc. 🇮🇹
Updated Jul 2023

If you're a foodie, Milan is the perfect destination for you. The city is home to numerous restaurants and eating options from traditional Italian cuisine to fusion and international food. You can find affordable street food options such as Pizza al Taglio, panzerotti, and focaccia. For a slightly fancier experience, there are plenty of trattorias and osterias serving up delicious pasta dishes and seafood. If you're feeling adventurous, head to Chinatown, where you can find some of the best Chinese and Japanese restaurants in Milan. The city is also known for its fine dining scene, with several Michelin-starred restaurants offering exquisite food and wine pairings.

One of the most unique eating experiences in Milan is aperitivo, a tradition that is similar to happy hour. Aperitivo usually happens between 6-9 pm when bars and restaurants serve drinks and offer a buffet of small snacks, such as chips, olives, and cheese. Aperitivo is not just about the food; it's also about the atmosphere. Many bars and restaurants have beautiful rooftops and gardens where you can enjoy a drink and appetizer while taking in the city's stunning views. If you're looking for something more casual, head to Navigli, the city's canal district, where you can find a variety of bars and pubs offering aperitivo.

As one of the fashion capitals of the world, Milan is known for its high-end designer shops and luxurious boutiques. It's no surprise that the market prices in Milan tend to be on the higher side. From high-end designer clothing and accessories to gourmet restaurants and luxury hotels, Milan offers a luxurious lifestyle that comes at a price.

However, Milan also has many budget-friendly options for those looking to save some money. Local markets and street food vendors offer delicious cuisine at more affordable prices. Additionally, thrift stores and second-hand shops sell vintage and designer clothing at a fraction of their original cost. Overall, Milan offers a range of market prices to cater to different budgets and lifestyles.

When traveling to Milan, there are various transportation options available to get around the city. The city has a well-developed public transportation system, including a metro, buses, and trams. The metro is the most efficient and fastest option, with four lines that cover the city. Buses and trams are also available, with a comprehensive network of routes. Milan also has an extensive bike-sharing system, making it easy and cheap to cycle around the city. Moreover, taxis and car rental services are available, but it is recommended to avoid them during peak hours due to traffic congestion. Overall, Milan offers a range of convenient transportation options for tourists and locals alike.

One unique transportation option in Milan is the historical tram. These vintage trams date back to the early 1900s, and they have been beautifully restored to their original design. Taking a ride on these trams is like stepping back in time, with their wooden benches, brass fittings, and winding tracks. The trams run on three different routes, allowing visitors to experience the city's historical landmarks while enjoying a relaxing and scenic ride. This is a fantastic way to take in the city's atmosphere and architecture while enjoying a bit of nostalgia. Overall, Milan's historical trams are an exciting and unforgettable way to travel around the city.

Utilities cost in Milan, Italy can vary greatly depending on the season and location. Generally, heating and electricity costs tend to be higher in the winter due to the colder temperatures, while water bills remain relatively constant. However, if you're staying in the more central areas of Milan, you may find that your utilities bill is higher due to the higher cost of living in these areas.

It's also important to note that some apartments in Milan may have included utilities in the rent, while others may require you to set up and pay for your own services. It's best to clarify this with your landlord or rental agency to avoid any surprises when it comes to your monthly bills.

If you're a sports enthusiast visiting Milan, you're in for a treat! Home to two of Italy's most successful soccer teams, Inter Milan and AC Milan, the city is passionate about football. Catching a match at the iconic San Siro Stadium is a must-have experience for any football lover. The stadium is dubbed as the "cathedral of football" and can hold up to 80,000 fans. Milan also has a vibrant cycling culture and hosts many cycling events throughout the year. You can rent a bike and explore the city on two wheels, or even join a guided bike tour!

But it's not just sports that Milan has to offer, as the city is also filled with leisure activities to suit all tastes. If you're looking to escape the hustle and bustle of the city, head to the Parco Sempione, Milan's largest park. The park is home to the stunning Sforza Castle, the Civic Aquarium, and many picturesque gardens. If you're up for some shopping, Milan has some of the most elegant shopping streets in the world, with the famous Galleria Vittorio Emanuele II being a top destination. Here, you can find high-end fashion boutiques, galleries, and cafes, all housed under a grand glass dome.

Milan is the economic powerhouse of Italy, and this is reflected in the city's salaries and financing. Salaries in Milan are generally higher than in other Italian cities, with many industries offering competitive wages. This makes Milan an attractive destination for professionals looking to work in finance, fashion, technology, and other booming sectors. However, the cost of living in Milan can be somewhat high, and it's important to plan and budget accordingly.

Financing and banking in Milan is a sophisticated and well-developed industry, with numerous banks, financial institutions, and investment firms located in the city. This makes it easy for travelers to conduct financial business while in Milan, whether it be opening a bank account, exchanging currencies, or seeking investment advice. Additionally, the city is home to a number of global financial institutions, making it a hub for international business and finance. Visitors to Milan can take advantage of these resources by planning ahead and seeking advice from local experts.

Childcare in Milan is considered quite expensive, especially when compared to other cities in Italy. The cost of sending a child to school or kindergarten can vary greatly depending on the location, facilities, and quality of education offered. Private schools tend to be more expensive than public ones, but they often offer a higher standard of education, smaller class sizes, and more personalized attention for each child. Kindergartens in Milan also come at a premium, with prices often exceeding the national average. However, many parents prioritize the quality of education and facilities when choosing a childcare provider for their children.

Despite the high costs, Milan has a well-developed childcare system, with a wide variety of schools and kindergartens to choose from. There are traditional state-run kindergartens as well as private institutions focused on specific methods of teaching. Many schools and kindergartens in Milan also offer extracurricular activities such as sports, music lessons, and language classes for an additional fee. Although childcare prices in Milan may be prohibitive for some families, the city provides ample opportunities for children to receive a quality education and develop their skills and interests.

Milan is a fashion capital and therefore, you can find a multitude of clothing and shoe stores that cater to different budgets. From high-end designer brands to affordable fast fashion, Milan offers a wide range of options for shoppers. Upscale department stores such as La Rinascente offer luxury designer brands while Corso Como 10 and Antonioli specialize in avant-garde and emerging designers. Streetwear enthusiasts can find their preferred brands at Slam Jam and One Block Down. For those on a budget, there are chain stores like Zara, H&M, and Primark scattered throughout the city.

Aside from brick-and-mortar stores, Milan also has numerous outlet malls that offer discounts on designer goods. These include Serravalle Designer Outlet, FoxTown Factory Stores, and Vicolungo The Style Outlets. For those who prefer pre-owned and vintage items, Milan has plenty of second-hand stores such as Humana Vintage and Cavalli e Nastri. Additionally, Milan hosts several fashion events throughout the year such as Fashion Week and Vogue Fashion's Night Out, where you can discover new designers and shop exclusive collections.

If you are looking for a short stay in Milan, you will be delighted by the abundance of options available for you. Milan is a city that is well-equipped to cater to your short stay needs, with plenty of hotels, hostels, and short-term rental options available to choose from. With a range of accommodation options, you can find a comfortable and convenient place to stay in Milan, no matter your budget or preferences.

When you're planning your trip to Milan, deciding where to stay can be a daunting task. However, there are plenty of great neighborhoods to stay in, with each offering a unique set of attractions and amenities. Whether you choose to stay in Porta Romana, Navigli, or Brera, you can experience the city's vibrant culture, history, and cuisine. Moreover, each district offers short-term rental options of apartments or houses, meaning you can stay in an authentic Milanese residence that matches your budget and objectives.

If you're looking to own a piece of Milan, there are plenty of real estate buying options available to you. From historic apartments with grand balconies overlooking bustling streets, to modern studios with industrial finishes and terraces, the city has something for every taste and budget. You can choose to invest in sought-after neighborhoods like Brera or Navigli, or explore emerging areas like Porta Romana or Isola, where new developments are popping up. With Milan's reputation as a fashion and business capital, real estate is a lucrative investment that's sure to appreciate in value over time.

When it comes to prices, Milan's real estate market is diverse and reflects the city's eclectic character. Some neighborhoods boast high-end luxury properties that cater to the tastes of the international elite, while other areas are more affordable and offer better value for money. What's more, Milan's real estate market is always evolving, with new projects and renovations transforming the landscape every year. Whether you're a first-time buyer or a seasoned investor, there's plenty of opportunities to buy into Milan's dynamic real estate scene, so why not start exploring today?