Italy, Milan

Country Full Name: Italian Republic.

Location: Italy is in Southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia.

Country Climate: Predominantly Mediterranean; Alpine in far north; hot, dry in south.

Country Terrain: Mostly rugged and mountainous; some plains, coastal lowlands.

Major Languages: Italian.

Major Religions: Christianity.

Population: 1.3 Mil (2012 est.).

Country Economy: The economy of Italy is the seventh-largest economy in the world and the fourth-largest in Europe, according to the International Monetary Fund. Italy belongs to the Group of Eight (G8) industrialized nations; it is a member of the European Union and OECD. The country is divided into a developed industrial north dominated by large private companies and an agricultural, state-assisted south.

Currency: Euro (EUR). Make an international currency transfer to Italy.

Inflation: 3.2% (2011 est.).

Milan, is the capital of the region of Lombardi and of the province of Milan.

Milan is one of the EU's and the world's major financial and business centres. Milan is also regarded as the true current fashion capital of the world.

The cost of living in Milan in Italy is high compared to other places. The overall cost of living is determined using the prices for defined quantities of the same goods and services across 13 Basket Groups. Milan in Italy is currently ranked 248 overall out of 780 places (rank 1 is most expensive: rank 780 is least expensive). The cost of living rank for each of the 13 Basket Groups is as follows:

Alcohol & Tobacco costs are average compared to other places for items such as alcohol at a bar, beer, locally produced spirit, whiskey, wine (where alcohol is legally sold) and tobacco related products. There are 449 places that are more expensive, and 330 places that are less expensive for alcohol and or tobacco.

Clothing costs are average compared to other places for items such as business suits, casual clothing, children's clothing, coats, evening wear, footwear, hats, shoe repairs and underwear. There are 314 places that are more expensive, and 465 places that are less expensive for clothing.

Communication costs are very high compared to other places for various communication costs such as call charges, home telephone rental, internet connection, mobile data costs, mobile phone contract and service provider fees. There are 21 places that are more expensive, and 758 places that are less expensive for communication.

Education costs are low compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 469 places that are more expensive, and 310 places that are less expensive for education.

Furniture & Appliance costs are low compared to other places for items such as DVD player, fridge freezer, furniture, household equipment, iron, kettle, light bulbs, microwave, television, toaster, vacuum cleaner and washing machine. There are 594 places that are more expensive, and 185 places that are less expensive for furniture and appliances.

Grocery costs are average compared to other places for items such as baby consumables, baked goods, baking, canned foods, cheese, cleaning materials, cleaning products, dairy, fresh fruits, fresh vegetables, fruit juices, meat, oil & vinegars, pet food, pre-prepared meals, sauces, seafood, snacks, soft drinks, spices & herbs. There are 382 places that are more expensive, and 397 places that are less expensive for groceries.

Healthcare costs are high compared to other places for general healthcare, general practitioner consultation rates, healthcare/medical insurance, hospital private ward daily rate and non-prescription medicine. There are 220 places that are more expensive, and 559 places that are less expensive for healthcare.

Household Accommodation costs are high compared to other places for items such as accommodation, apartment, flat, house, villa, rent, electricity, household fuels, household gas, water, and local property rates / residential taxes / levies. There are 194 places that are more expensive, and 585 places that are less expensive for household accommodation.

Miscellaneous costs are high compared to other places for items such as dry cleaning, general goods, general services, linen, magazines, maid, newspapers, office supplies, postage stamps and stationery. There are 234 places that are more expensive, and 545 places that are less expensive for miscellaneous items.

Personal Care costs are very high compared to other places for items such as cosmetics, hair care, moisturizer, nappies, pain relief tablets, shampoo, soap, sun block, toilet paper and toothpaste. There are 64 places that are more expensive, and 715 places that are less expensive for personal care.

Recreation and Culture costs are high compared to other places for items such as books, camera, cinema tickets, fitness/health club membership, sports goods and theatre tickets. There are 232 places that are more expensive, and 547 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are high compared to other places for items such as a business dinner, dinner at a family restaurant (non fast food), 4 star and 5 star hotel rates and take away meal (fast food). There are 158 places that are more expensive, and 621 places that are less expensive for restaurants, meals out and hotels.

Transport costs are average compared to other places for items such as car hire purchase, car insurance, car lease, car maintenance, car rental, car service, diesel, petrol, tyres and public transport. There are 419 places that are more expensive, and 360 places that are less expensive for transport.

Personalized cost of living indexes for Milan in Italy are based on the basket groups and comparison location(s) selected in the Calculators.

In terms of the hardship people are likely to experience, assessed in global terms, Milan in Italy is ranked as minimal hardship with a hardship index of 10%.

Personalized hardship index premiums for Milan in Italy are based on the comparison location(s) selected in the Calculators.

Note: Xpatulator.com data is updated quarterly. The latest update is as at 1 April 2012. Create a personalized cost of living comparison report using the calculators:
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