Data last updated: August 2026

Perth, AustraliaFlorence, Italy

You would need around 14.1% less money in Florence, Italy to maintain the same standard of living you have in Perth, Australia.

Overall Cost of Living

14.1%

Florence, Italy is cheaper than Perth, Australia

1-Bed Rent (City Center)

City A1,933 USD
City B1,465 USD
Difference-24.2%

Groceries (Monthly)

City A268 USD
City B315 USD
Difference+17.5%

Average Net Salary

City A4,368 USD
City B2,085 USD
Difference-52.3%

Editorial Insight: Planning a move from Perth, Australia 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 14.1% 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 24.2% less than in Perth, Australia. If you are retaining a remote income, the Remote Wealth team ranks this as a highly strategic move for wealth accumulation.

Pro Tip:Since you'll be managing money across borders and currencies, we highly recommend setting up a borderless account like Wise (formerly TransferWise) before you move to avoid heavy bank exchange fees.Check out Wise

Reviewed by the Remote Wealth Editorial Team

Our cost of living data for Perth, Australia 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 Perth, Australia.

USD

You need in Florence, Italy

3,751 USD

Geo-Arbitrage FIRE

Discover how moving to a cheaper city accelerates your Financial Independence and Retire Early (FIRE) timeline.

By moving from Perth, Australia to Florence, Italy and investing the 14% cost of living difference, you could reach FIRE 2.1 years earlier.

Budget Simulator

Instantly adapt your Perth, Australia budget to local Florence, Italy prices. We automatically adjust housing, groceries, and leisure categories.

Housing1465 USD
Groceries315 USD
Utilities & Internet264 USD

Investment Planner

You save 468 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 ~78,624 USD in 10 years.