EMPLOYEE RELOCATION: FROM ISRAEL TO ITALY, MILAN

COST OF LIVING REPORT

Cost of Living Report: Milan

 

Overall Expenditure Rate

  • The overall average monthly expenditure rate in Milan, Italy for a married assignee + 4 is €12,220. Those rates include:
  • Goods, Services and Utilities
  • Accommodation Lease (4-bdr accommodation)
  • Education (3 children in international school)
  • Car and Motoring (upscale car)

Goods, Services and Utilities

  • The overall G&S cost for a M + 4 assignee in Milan is €3,180.
  • The goods & services cost index in Milan is 114 compared to Israel base of 100.
  • Following are the cost indexes of the different goods & services categories:
Category Home: Israel Host: Milan, Italy Relative Weight (%)
Food at Home 100 109 24
Recreation 100 129 18
Utilities 100 103 17
Food Away From Home 100 119 9
Clothing 100 106 9
Medical Care 100 120 6
Household Operations 100 126 5
Personal Care 100 132 5
Public Transportation/Taxi 100 123 5
Tobacco & Alcohol 100 115 2
Overall Index 100 114 100

Electrical Goods

The overall purchasing cost of the basic electrical goods in Milan, Italy is €2,880. This cost includes the following electrical goods:

  • Fridge Freezer.
  • Electrical Oven
  • LCD 32”.
  • DVD
  • CD
  • Washing Machine.
  • Dryer.
  • Vacuum Cleaner
  • Electric iron: steam

Accommodation

  • Singles and couples typically reside in the city center while expatriate families typically prefer the South of Milan and East Milan neighborhoods which offers international schools, parks, gardens and 24 hours secured areas.
  • The following table provides the average monthly rented accommodation for expatriates in Milan. The below costs does not include household expenses (housing taxes, services charges, heating charges and parking charges).
Number of Rooms Level of Area Monthly lease
2 Bedrooms Average €1,300
Good €1,900
Very Good €2,750
3 Bedrooms Average €1,800
Good €2,700
Very Good €4,500
4 Bedrooms Average €2,400
Good €3,500
Very Good €6,000

Motoring

  • Following are the costs of car categories:
Category Price of a new car Price of 2 year old car Annual petrol*, maintenance & insurance costs
Family Car €22,500 €16,600 €7,440
Upscale Car €35,200 €25,100 €8,710
Luxury Car €44,100 €31,200 €10,100

*Assuming a monthly kilometerage of 2,500 KM.

Education

  • Following are the annual tuition fees of several international schools in Milan. Those fees does not include costs such admission fees, capital fees, registration fees and transportation fees.
American School of Milan International School of Milan The British School
Pre-K €8,960 €8,925
Kindergarten €10,140
Grade 1 €14,300 €10,250
Grade 2
Grade 3 €11,860 €11,375
Grade 4
Grade 5 €11,935
Grade 6 €13,340 €15,400
Grade 7 €12,600
Grade 8
Grade 9 €14,000
Grade 10 €17,400 €13,515
Grade 11 €15,080
Grades12 – 13 €15,360 €18,600 €14,075
  • The Jewish Community School provides classes from 10 months to 18 years. The annual tuition fee is from €1,250 to €4,350.