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Cost of Living in Italy

April 25 , 2021 by: Amanda Goh

In Italy, the cost of living is dependent on where you stay. The north of Italy is known to be more expensive than the south. The cost of living also depends on which city you reside in as the cost for housing, transport and food can vary.

Some of the most expensive cities to live in Italy are Milan, Rome and Bologna. While some of the more affordable places to reside in would be the small towns along the south of Italy.

In Italy, their official currency is Euros (€). If you are interested to know more about the cost of living in Italy, read on!

Photo by Udo on Pixabay

Housing

Rental costs take up a significant part of your budget. In Italy, rentals can be expensive in main cities and are more affordable along the countryside.

On average, the rent price in Italy is €800 a month. However, note that this is just an average as rent can range from as low as €490 to as high as €1,550 a month, depending on where you reside in.

Some of the most expensive and cheapest regions in Italy to live in includes:

For utilities, you will need to pay an average of €100-€150. This includes electricity, gas and water. Internet can cost up to €30 a month.

Food

Eating in is a good way to live on a budget in Italy. grocery prices are relatively affordable while still maintaining a high quality. Some average grocery prices include:

If you are living in Italy on a budget, you should consider purchasing groceries that are locally produced. These products are cheaper while also helping to support locals.

While eating out can cost an average of €15 at a moderately priced restaurant. As there are many places to dine in Italy, the price range can differ, depending on which restaurant you choose to eat at. Fast food chains can cost around €8 while a Margherita pizza can cost you around €4.50.

FIAT 500 photo on Pixabay

Transport

Travelling to a destination in Italy is fairly accessible, even by walking. However, if you reside in a bigger city, you can also take Italy’s public transport service. A one-way bus or tram ticket can cost around €1.50-€2, depending on where you want to go to. You can also purchase a monthly public transport card for €50, if you intend on taking public transport daily.

If you are looking for a more affordable way to travel around Italy, you can also consider investing in a bike, especially if you want to reside in a small town. There are some bikes that cost as low as €80.

Healthcare

The public healthcare system in Italy covers a majority of the costs, if you are an Italian citizen or EU resident. You can also opt for private healthcare, where you can expect to pay around €85 for a visit. Private hospitals have shorter waiting times as compared to public hospitals, thus locals tend to opt for private healthcare instead. In general, expats tend to go for private treatment.

Over the counter medicine can cost an average of €8 and may vary depending on the particular medicine you require. While not necessary, you can also purchase private healthcare insurance to help you cover more medical costs. If you intend on residing in Italy, you can register with the Servizio Sanitario Nazionale (SSN) to get access to low-cost healthcare services.

Depending on your nationality, you should check your eligibility on healthcare services with the local health authority — Aziende Sanitaira Local.

The cost of living in Italy can vary largely, depending on where you decide to live in and based on your lifestyle you lead. While it may be pricey to live in larger cities, opting to reside in smaller towns and purchasing more local products can help you to cut costs every month.

 

 

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