| Apartment Rentals | Rent for a one-bedroom apartment in the city center of Florence can range from €700 to €1,200 per month. Rent for a three-bedroom apartment in the city center can range from €1,200 to €2,000 per month. Rent for a one-bedroom apartment outside of the city center can range from €500 to €800 per month. Rent for a three-bedroom apartment outside of the city center can range from €800 to €1,500 per month. |
| Apartment Purchases | The cost of purchasing an apartment in Florence can range from €2,000 to €4,000 per square meter. The average cost of a one-bedroom apartment in the city center is €200,000, while the average cost of a three-bedroom apartment in the city center is €400,000. The average cost of a one-bedroom apartment outside of the city center is €150,000, while the average cost of a three-bedroom apartment outside of the city center is €250,000. |
| Transportation | The cost of public transportation in Florence is €1.50 for a single ticket, €4.50 for a day ticket, and €16 for a weekly ticket. The cost of a taxi ride in Florence is €3.50 for the base fare, plus €1.20 per kilometer. The cost of a monthly bus pass is €35. |
| Groceries | The cost of groceries in Florence can vary depending on the type of food purchased. A loaf of bread can cost €1.50, a liter of milk can cost €1.20, a dozen eggs can cost €2.50, a kilogram of apples can cost €2.50, and a kilogram of potatoes can cost €1.50. |
| Restaurants | The cost of eating out in Florence can vary depending on the type of restaurant. A meal at a fast food restaurant can cost €7, while a meal at a mid-range restaurant can cost €20. A three-course meal for two people at a mid-range restaurant can cost €50. |
| Utilities | The cost of utilities in Florence can vary depending on the type of service. The average cost of electricity is €0.20 per kWh, the average cost of water is €2.50 per cubic meter, and the average cost of internet is €30 per month. |
| Private School Tuition | The cost of private school tuition in Florence can vary depending on the type of school. The average cost of preschool tuition is €400 per month, the average cost of elementary school tuition is €600 per month, the average cost of middle school tuition is €800 per month, and the average cost of high school tuition is €1,000 per month. |
Monthly Budget for Retirees in Florence
“The cost of living in Florence is generally considered to be quite high. Rent prices for apartments in the city center can be quite expensive, and groceries and other everyday items can also be pricey. Eating out in restaurants can also be costly, but there are plenty of affordable options available. Transportation costs are relatively low, with public transportation being the most economical way to get around,” said one expat living in Florence.
Can I live in Florence on $1,500 a month?
“I’ve been living in Florence for a while now, and I can tell you that it’s possible to live on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find an affordable neighborhood to live in. I’d recommend looking into areas like Rifredi, Novoli, or Gavinana. These neighborhoods are a bit further from the city center, but they’re more affordable and still have good public transportation connections. You should avoid more expensive neighborhoods like the historic center, Oltrarno, or Campo di Marte.When it comes to housing, you’ll probably need to share an apartment with roommates to keep costs down. A single room in a shared apartment in an affordable neighborhood can cost around $400-$600 per month, including utilities. If you want to live alone, you’ll likely have to spend at least $800-$1,000 per month on a small studio apartment.For groceries, you can save money by shopping at local markets and discount supermarkets like Esselunga or Lidl. Eating out can be expensive, so try to cook at home as much as possible. If you do want to eat out, look for places that offer a “menu del giorno” or “pranzo di lavoro,” which are fixed-price lunch menus that can be quite affordable.Transportation costs can be kept low by using public transportation or biking. A monthly bus pass costs around $40, and there are also bike-sharing programs available. If you need to travel outside of Florence, consider using regional trains or carpooling services like BlaBlaCar.As for entertainment, there are plenty of free or low-cost activities in Florence. Many museums offer free admission on certain days, and there are always events and festivals happening around the city. You can also enjoy the beautiful parks and gardens, like the Boboli Gardens or Cascine Park, for a low-cost day out.In summary, living on $1,500 a month in Florence is possible, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, sharing an apartment, cooking at home, and taking advantage of free or low-cost activities, you can make it work,” commented an expat living in Florence.
Can I live in Florence on $3,500 a month?
“I’ve been living in Florence for a few years now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, but you’ll have to make some adjustments and sacrifices. First, you’ll need to find an affordable neighborhood to live in. I’d recommend looking into areas like Rifredi, Novoli, or Gavinana. These neighborhoods are a bit further from the city center, but they’re more affordable and still have good access to public transportation. You might want to avoid more expensive neighborhoods like the historic city center, Oltrarno, or Campo di Marte.When it comes to housing, you’ll probably have to settle for a smaller apartment than you’re used to. Most apartments in Florence are quite compact, and you’ll likely have to pay more for a larger space. You can expect to pay around $1,000 to $1,500 a month for a one-bedroom apartment in a decent neighborhood. Utilities and internet will probably cost you around $200 a month.For transportation, I’d recommend getting a monthly bus pass, which costs around $40. Florence is a very walkable city, so you might not even need to use public transportation that often. Owning a car can be quite expensive, especially when you factor in parking and gas, so I’d avoid that if possible.Eating out can be quite pricey in Florence, especially in the touristy areas. To save money, I’d recommend cooking at home most of the time and shopping at local markets for fresh produce. When you do eat out, try to find local trattorias or osterias, which tend to be more affordable than restaurants in the city center. You can expect to spend around $300 to $400 a month on groceries and eating out occasionally.Entertainment and leisure activities can also add up, but there are plenty of free or low-cost options in Florence. Many museums offer discounted or free admission on certain days, and there are always free events and festivals happening around the city. If you’re into fitness, consider joining a local gym or taking advantage of the many parks and outdoor spaces for exercise.In summary, living in Florence on $3,000 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, cooking at home, and taking advantage of free or low-cost activities, you can enjoy a comfortable life in this beautiful city,” said one expat living in Florence.
Can I live in Florence on $5,000 a month?
“I’ve been living in Florence for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, even if you’re used to modern amenities. However, you might have to make some sacrifices in terms of location and the size of your living space. First, let’s talk about neighborhoods. If you want to live in the city center, where all the tourist attractions and beautiful architecture are, you’ll have to pay a premium for rent. For example, living in areas like Duomo, Santa Croce, or San Marco can be quite expensive. On the other hand, if you’re willing to live a bit further out, you can find more affordable options. I’d recommend looking into neighborhoods like Campo di Marte, Gavinana, or Novoli. These areas are still well-connected to the city center by public transportation, but the cost of living is significantly lower.In terms of sacrifices, you might have to settle for a smaller apartment or share a place with roommates to make your budget work. Additionally, you might not have all the modern amenities you’re used to, like air conditioning or a dishwasher. However, I’ve found that the trade-off is worth it for the incredible experience of living in such a beautiful and historic city.Another thing to consider is that eating out and entertainment can be quite expensive in Florence, especially in the touristy areas. To save money, I’d recommend cooking at home more often and exploring the local markets for fresh produce. There are also plenty of free or low-cost events and attractions to enjoy, like visiting the beautiful parks and gardens or attending local festivals.Overall, living in Florence on $5,000 a month is doable, but you’ll need to be mindful of your spending and make some compromises in terms of location and living space. But trust me, the experience of living in this amazing city is worth it,” commented an expat living in Florence.
