Milan, ItalyFlorence, Italy
You would need around 11.6% less money in Florence, Italy to maintain the same standard of living you have in Milan, Italy.
Overall Cost of Living
Florence, Italy is cheaper than Milan, Italy
1-Bed Rent (City Center)
Groceries (Monthly)
Average Net Salary
Editorial Insight: Planning a move from Milan, Italy to Florence, Italy? Based on our verified data model, you are looking at a fantastic geo-arbitrage opportunity. Overall, the cost of living in Florence, Italy is 11.6% cheaper. Housing is typically the biggest financial win—renting a 1-bedroom apartment in Florence, Italy's center costs around 1,465 USD, which is a staggering 14.8% less than in Milan, Italy. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.
Reviewed by the Remote Wealth Editorial Team
Our cost of living data for Milan, Italy and Florence, Italy is compiled using our rigorous verification methodology. We combine millions of data points from reliable sources to ensure you get the most accurate financial comparison for your relocation.
Read more about our team →Salary Comparator
Find out exactly how much you need to earn in Florence, Italy to maintain your current lifestyle in Milan, Italy.
You need in Florence, Italy
1,976 USD
Geo-Arbitrage FIRE
Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.
By moving from Milan, Italy to Florence, Italy and investing the 12% cost of living difference, you could reach FIRE 1.7 years earlier.
Budget Simulator
Instantly adapt your Milan, Italy budget to local Florence, Italy prices. We automatically adjust housing, groceries, and leisure categories.
Investment Planner
You save 254 USD every month on rent alone by moving to Florence, Italy.
Investing this rent difference in an S&P 500 index fund could grow to ~42,672 USD in 10 years.