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Budapest vs Milan

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

$/ year

To keep the same standard of living in Milan, IT, you'd need

$123,412 / year

Milan, IT is 65% more expensive overall

Category breakdown (Milan, IT vs Budapest, HU)

  • Housing+108%
  • Food & groceries+54%
  • Transport+60%
  • Utilities+26%
  • Healthcare+49%
  • Goods & services+47%

Full comparison

Budapest, HUMilan, IT
Cost of living
Overall cost index67111
Housing65135
Food68105
Transport5080
Utilities95120
Healthcare5582
Goods & services72106
Housing
Rent, 1-bed centre$700/mo$1,500/mo
Rent, 1-bed outside$520/mo$1,150/mo
Rent, 3-bed centre$1,350/mo$3,000/mo
Buy price / m² centre$3,200$8,500
Money & purchasing power
$1,000 goes as far as$1,484$902
Inexpensive meal$8$16
Monthly transit pass$30$42
Taxes
Income tax (top rate)15%43%
VAT / sales tax27%22%
Corporate tax9%24%
Capital gains26%
Economy & salaries
Avg net salary$900/mo$1,900/mo
Minimum wage$700/mo
GDP per capita$23,320$43,309
Inflation (annual)3.7%1.5%
Work & digital nomad
Digital-nomad visaYesYes
English proficiencyModerateModerate
Coworking spaces4060
Time zoneUTC+1UTC+1
Quality of life
Safety index7255
Healthcare index6080
Pollution index5070
Internet speed200 Mbps120 Mbps
Walkability8085
Public transport8282
Family-friendly6564
Tap waterSafe to drinkSafe to drink
Life expectancy77 yr84 yr
LGBTQ+ acceptanceLowModerate
Climate
January avg0 °C+3 °C
July avg+22 °C+24 °C
Sunny days / year200130
Rainfall / year520 mm1,000 mm
Connectivity
Flight to nearest hub1.5 h1 h

Taxes & Economy & salaries: Hungary vs Italy. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

? Frequently asked questions

Moving from Budapest to Milan: cheaper or more expensive?

Moving from Budapest to Milan, your cost of living will be roughly 65% more expensive. Milan’s cost-of-living index is 111 versus 67 for Budapest (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.

Is Budapest cheaper than Milan?

Milan is about 65% more expensive than Budapest overall — its cost-of-living index is 111 versus 67 for Budapest.

How much do you need to earn in Milan to live like in Budapest?

To keep the same standard of living, a $75,000 salary in Budapest is worth about $123,412 in Milan. Enter your own figure in the calculator above.

Which has lower taxes, Budapest or Milan?

Hungary has the lower top income-tax rate — 15% versus 43% in Italy.

More comparisons from Budapest

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.