Milan · EUR · high cost city
Savings rate in Milan — are you on track?
Milan is a high cost city. Milan median rent is around €1,600/month for a 1-bed, the highest in Italy and increasingly competitive with northern European cities. Milan is Italy's highest-income city, but rising rents have eroded the savings advantage for mid-income earners.
Median rent
€1,600/mo
Milan 2022
Typical other costs
€1,300/mo
excl. housing
Savings benchmark
4–13%
mid-income EUR
Pre-set for Milan — adjust to your situation
What a good savings rate looks like in Milan
Using data from Istat HBS 2022, people at mid-range incomes in Italy typically save between 4–13% of gross income. In a high cost city like Milan, housing costs can compress that meaningfully — especially for renters.
Minimum
4%
floor — not building
Expected
8%
benchmark
Strong
20%
top tier
Source: Istat HBS 2022. Benchmarks shown for mid-income earners in Italy.
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