✦ Compare
Milan vs
New York
Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.
Milan, IT vs New York, NY at a glance — New York, NY is 2% more expensive than Milan, IT overall. Median 1-bed rent runs about $3,800/mo versus $1,500/mo. Top income tax: 37% vs 43%.
To keep the same standard of living in New York, NY, you'd need
$76,272 / year
New York, NY is 2% more expensive overall
Category breakdown (New York, NY vs Milan, IT)
- Housing+26%
- Food & groceries-18%
- Transport+11%
- Utilities-34%
- Healthcare-6%
- Goods & services-11%
◎ How Milan, IT and New York, NY compare
Index vs the US average — the line marks 100. Lower is cheaper.
▤ Full comparison
| Milan, IT | New York, NY | |
|---|---|---|
| Cost of living | ||
| Overall cost index | 111 | 113 |
| Housing | 135 | 170 |
| Food | 105 | 86 |
| Transport | 80 | 89 |
| Utilities | 120 | 79 |
| Healthcare | 82 | 77 |
| Goods & services | 106 | 94 |
| Housing | ||
| Rent, 1-bed centre | $1,500/mo | $3,800/mo |
| Rent, 1-bed outside | $1,150/mo | $2,600/mo |
| Rent, 3-bed centre | $3,000/mo | $7,500/mo |
| Buy price / m² centre | $8,500 | $15,000 |
| Money & purchasing power | ||
| $1,000 goes as far as | $902 | $887 |
| Inexpensive meal | $16 | $25 |
| Monthly transit pass | $42 | $132 |
| Taxes | ||
| Income tax (top rate) | 43% | 37% |
| VAT / sales tax | 22% | 0% |
| Social security (employee) | — | 7.7% |
| Corporate tax | 24% | 21% |
| Capital gains | 26% | 20% |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $4,300/mo |
| Minimum wage | — | $1,257/mo✓ |
| GDP per capita | $43,309✓ | $90,027✓ |
| Inflation (annual) | 1.5%✓ | — |
| Work & digital nomad | ||
| Digital-nomad visa | Yes | No |
| English proficiency | Moderate | Native |
| Coworking spaces | 60 | 200 |
| Time zone | UTC+1 | UTC-5 |
| Quality of life | ||
| Quality of life (overall) | 66 | 69 |
| Safety index | 55 | 55 |
| Healthcare index | 80 | 78 |
| Pollution index | 70 | 55 |
| Internet speed | 120 Mbps | 200 Mbps |
| Walkability | 85 | 90 |
| Public transport | 82 | 85 |
| Family-friendly | 64 | 55 |
| Tap water | Safe to drink | Safe to drink |
| Health insurance | — | $500/mo |
| Life expectancy | 84 yr✓ | 79 yr✓ |
| LGBTQ+ acceptance | Moderate | High |
| Climate | ||
| January avg | +3 °C | 0 °C |
| July avg | +24 °C | +25 °C |
| Sunny days / year | 130 | 234 |
| Rainfall / year | 1,000 mm | 1,200 mm |
| Connectivity | ||
| Flight to nearest hub | 1 h | 1 h |
Taxes & Economy & salaries: Italy vs United States. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.
✓ = official statistics (US DOL (federal), World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →
Cost of living: Milan vs New York — in your currency
Converted from USD at approximate rates (2026-09).
Good to know before you move to Milan
Italy's business, finance and fashion capital — the country's best job market, at its highest prices.
- Currency
- Euro (€ EUR)
- Languages
- Italian
- Time zone
- UTC+1
- Internet
- 120 Mbps
- English
- Fairly common
- Safety
- 55/100
- Climate
- ❄ 3°C · ☀ 24°C · 130 sunny days/yr
- Tap water
- Safe to drink
- Power
- F/L · 230V
- Driving
- Right-hand side
- Popular areas
- Navigli · Brera · Isola
Good to know before you move to New York
The benchmark against which everywhere else feels cheap. World-class salaries and everything else, offset by the highest rents in the dataset.
- Currency
- US dollar ($ USD)
- Languages
- English
- Time zone
- UTC-5
- Internet
- 200 Mbps
- English
- Native language
- Safety
- 55/100
- Climate
- ❄ 0°C · ☀ 25°C · 234 sunny days/yr
- Tap water
- Safe to drink
- Power
- A/B · 120V
- Driving
- Right-hand side
- Popular areas
- Manhattan · Brooklyn · Queens
Plan your move to Milan
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsCheapvuelos
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalLocalrent
- Airport transferWelcome Pickups
- Tours & ticketsKlook
- Tours & ticketsTiqets
- InsuranceSafetyWing
- eSIM / dataAiralo
- Luggage storageRadical Storage
- Flight compensationAirHelp
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Plan your move to New York
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsCheapvuelos
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalEconomybookings
- Airport transferKiwitaxi
- Tours & ticketsKlook
- InsuranceSafetyWing
- eSIM / dataAiralo
- Luggage storageRadical Storage
- Parking & carWay.com
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? Frequently asked questions
Moving from Milan to New York: cheaper or more expensive?
Moving from Milan to New York, your cost of living will be roughly 2% more expensive. New York’s cost-of-living index is 113 versus 111 for Milan (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.
Is Milan cheaper than New York?
New York is about 2% more expensive than Milan overall — its cost-of-living index is 113 versus 111 for Milan.
Which is more expensive, Milan or New York?
New York is more expensive than Milan. Its cost-of-living index is 113 vs 111 (US = 100) — about 2% higher.
Is rent cheaper in Milan or New York?
Rent is cheaper in Milan — about $1,500/month for a one-bedroom in the city centre, vs $3,800 in New York.
How much do you need to earn in New York to live like in Milan?
To keep the same standard of living, a $75,000 salary in Milan is worth about $76,272 in New York. Enter your own figure in the calculator above.
Which has lower taxes, Milan or New York?
United States has the lower top income-tax rate — 37% versus 43% in Italy.
◷ More comparisons from Milan
How we calculate these figures →
Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.