It’s incredibly useful to gain an understanding of how much you’re likely to need to budget for day to day expenses when you make the move to Italy.

Each year, we conduct a Cost of Living survey, which compares the prices of a standard supermarket shop and other living costs in the UK, with the prices found in popular expat destinations. The below results should prove very useful in helping you to budget for your life in Italy.

A large grocery shop is typically cheaper in Italy compared to the UK.

Grocery costs in Italy

The cost of living survey revealed that a large grocery shop is typically cheaper in Italy compared to the UK. Numbeo – the world’s largest database of user contributed data about cities and countries worldwide – reveals that groceries prices in Italy are 16.43% lower than in the UK.

 

Italy - Living - After buying

You will find that a full basket of grocery shopping will cost you less in Italy than for the same items in the UK.

 

Transport costs in Italy

There is an excellent network of public transport in Italy, which is all very reasonably priced. The best way to save money on tickets is to buy them in advance, online. Petrol is very similar to the UK in price. You’ll find that taxis are a little more expensive to use in Italy, and car tax is likely to set you back quite a bit more than in the UK.

Socialising in Italy

It’s worth bearing in mind that alcoholic drinks in Italy usually cost more in restaurants than they do in bars and cafes. If you’re looking for the best prices for food and drink, head away from the main streets and piazzas and look for the restaurants that are full of locals – it is here that you’ll find the best food, at the most reasonable prices.

It’s worth bearing in mind that alcoholic drinks in Italy usually cost more in restaurants than they do in bars and cafes.

Insurance

When it comes to insuring your life in Italy, you might be struck at first by how much higher property and car insurance are. Therefore, you must factor this in to your budget early on to avoid any nasty surprises! For a large car, the lowest you’re likely to pay will be around €1,200 per year. Obviously the cost of your health, property, and car insurance policies will depend on the treatment you require, the possessions you own, where you are located, and what your driving history is. As you would anywhere, shop around to source the best deal for the exact style of cover you require.

Home costs per month

The amounts that you shell out in monthly utilities will obviously vary depending on the time of year, and how many people are occupying the property. Many countryside residences in Italy have log burning fires and artisan wells, which end up keeping the costs of heating and water down. Or, if you plan on installing solar panels, water and heating could end up costing you absolutely nothing.

 

 

 

Download the Italy Buying Guide today

The Italy Buying Guide walks you through each stage involved in buying property in Italy, and offers invaluable insights from expats and experts who understand the process. The guide will help you to:


  Ask the right questions
  Avoid losing money
  Avoid the legal pitfalls
  Move in successfully

Download your free guide to buying in Italy

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