Moving to Milano!! $$
Oct 8th, 2004 | 01:11 PM
#1
Original Poster
Joined: May 2003
Posts: 25
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Moving to Milano!! $$
HELLO!
We are a family of 3! Me, my husband and our baby (2 months).
My husband was offered a job in Milan and we are very happy!
We just need to know if what they offered is enought to live in Milano!
How much is needed for a family of 3 to live well in Milano (after taxes)??
THANKS
We are a family of 3! Me, my husband and our baby (2 months).
My husband was offered a job in Milan and we are very happy!
We just need to know if what they offered is enought to live in Milano!
How much is needed for a family of 3 to live well in Milano (after taxes)??
THANKS
Oct 8th, 2004 | 01:20 PM
#2
Joined: Sep 2004
Posts: 80
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Sort of depends on what you mean by "well." The answers you receive are going to be very subjective.
My experience has been that some things are more expensive and others less so - this sort of averages out in the end. This given, I would say that the costs of living between Milan and DC are overall pretty comparable...
Casale-Abruzzo Rental Sans Bidet
http://www.virtualitalia.com/articles/acne_house.shtml
My experience has been that some things are more expensive and others less so - this sort of averages out in the end. This given, I would say that the costs of living between Milan and DC are overall pretty comparable...
Casale-Abruzzo Rental Sans Bidet
http://www.virtualitalia.com/articles/acne_house.shtml
Oct 8th, 2004 | 01:51 PM
#3
Original Poster
Joined: May 2003
Posts: 25
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Yes, you're right.
What I mean by 'well' is:
Having(rent or buy) a 2 bed. apartment;
Finishing my degree at a university;
being able to go out at least once a week.
Is not a luxurious life, just a comfortable one.
What an average salary for a consultant (managerial position) in Milano!? How much is needed for a family of 3 to LIVE (minimum)??
tks.
What I mean by 'well' is:
Having(rent or buy) a 2 bed. apartment;
Finishing my degree at a university;
being able to go out at least once a week.
Is not a luxurious life, just a comfortable one.
What an average salary for a consultant (managerial position) in Milano!? How much is needed for a family of 3 to LIVE (minimum)??
tks.
Oct 8th, 2004 | 03:19 PM
#4
Joined: Jul 2004
Posts: 797
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Try this web-site:
http://www.homefair.com/homefair/ser...amp;internal=T
Do a google search for "cost of living calculator international" , you'll have some other tools to search from as well.
And, Congratulations!!!
http://www.homefair.com/homefair/ser...amp;internal=T
Do a google search for "cost of living calculator international" , you'll have some other tools to search from as well.
And, Congratulations!!!
Oct 8th, 2004 | 05:47 PM
#5
Joined: Sep 2004
Posts: 45,322
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Chanda, I have a friend in Milano who has a University degree in accounting, works for a prestiges financial corporaton in Italy and make about (US) 40,000.00 annually. He has a car, but rents a small apartment that he shares with 2 roommates. An OK area but not anything special. And hates the apartment but all he can afford.
Milan is expensive, but wonderful (I love it) and close by to very special areas. Restaurants/cafes are expensive, which is true in all major cities. By the way, the $40,000.00 is before taxes, in otherwords gross. May be a bit more than that but not much more. He is a bachelor, so no family to support. Does not do the "high life" as spends so many hours working. Much more than the average employee. Does ski, takes some trips, but with buddies, either driving with them, or using the low cost airlines that Europe now has. Dresses well but does not have lots of clothes, just stylish and elegant, which so many Italians pull of so well. You no doubt need to check with your accountant regarding taxes because I believe the tax situation is different for Americans overseas than in US and different for Europeans vs Americans working in Europe.
Do not know if this info is any help but thought maybe it would give you some idea.
I envy you, how I would love to live in Milan. Hope you keep in touch and let us know how life is there. Enjoy!
Milan is expensive, but wonderful (I love it) and close by to very special areas. Restaurants/cafes are expensive, which is true in all major cities. By the way, the $40,000.00 is before taxes, in otherwords gross. May be a bit more than that but not much more. He is a bachelor, so no family to support. Does not do the "high life" as spends so many hours working. Much more than the average employee. Does ski, takes some trips, but with buddies, either driving with them, or using the low cost airlines that Europe now has. Dresses well but does not have lots of clothes, just stylish and elegant, which so many Italians pull of so well. You no doubt need to check with your accountant regarding taxes because I believe the tax situation is different for Americans overseas than in US and different for Europeans vs Americans working in Europe.
Do not know if this info is any help but thought maybe it would give you some idea.
I envy you, how I would love to live in Milan. Hope you keep in touch and let us know how life is there. Enjoy!
Oct 8th, 2004 | 09:44 PM
#6
Joined: Jan 2003
Posts: 665
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That is great news! We are a family of 4 and have been living in Europe for the last 7 years, moving when our daughter was 6 weeks old. It is a great way to raise kids.
You do need to check on Italian taxes and see what you will be responsible for. The US has an exemption for overseas Americans that starts at roughly $75K plus housing expenses. They also credit toward your US taxes what you pay in the US. However, if Italy's tax rate is 49%, then, you need to make sure that the salary is high enough. (duh!
) Anyway, living in Italy, you will probably owe more to the Italians than to the US.
We have looked at housing around Milan. Surf the web and look for immobiliare Milano. That can give you an idea of housing costs. We only looked at houses so that is my reference point.
You may also need (or want) medical insurance so factor that in.
One of the great things about Northern Italy is the ease of travelling to other locations. There are wonderful budget airlines out of Milan, Verona and Venice.
Being an expat in not a no brainer, even in a country like Italy. It is a wonderful experience for the right person, but not everyone can do it. There is also a lot of mobility once you get over here...even (esp?) in the Consultancy business. WE have moved 3 times in Europe and each place has been great in different ways. If you do get over to Milan and find out that the COL is too high for salary, job hunting is an option. Move east and the COL goes down + most consulting is done in English.
This post is a bit scattered, but hey...it's early here!
Good luck and cheers,
Jan
You do need to check on Italian taxes and see what you will be responsible for. The US has an exemption for overseas Americans that starts at roughly $75K plus housing expenses. They also credit toward your US taxes what you pay in the US. However, if Italy's tax rate is 49%, then, you need to make sure that the salary is high enough. (duh!
) Anyway, living in Italy, you will probably owe more to the Italians than to the US.We have looked at housing around Milan. Surf the web and look for immobiliare Milano. That can give you an idea of housing costs. We only looked at houses so that is my reference point.
You may also need (or want) medical insurance so factor that in.
One of the great things about Northern Italy is the ease of travelling to other locations. There are wonderful budget airlines out of Milan, Verona and Venice.
Being an expat in not a no brainer, even in a country like Italy. It is a wonderful experience for the right person, but not everyone can do it. There is also a lot of mobility once you get over here...even (esp?) in the Consultancy business. WE have moved 3 times in Europe and each place has been great in different ways. If you do get over to Milan and find out that the COL is too high for salary, job hunting is an option. Move east and the COL goes down + most consulting is done in English.
This post is a bit scattered, but hey...it's early here!
Good luck and cheers,
Jan
Oct 8th, 2004 | 10:02 PM
#7
Joined: Jul 2003
Posts: 1,321
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Chanda - Do you know how long you will be over there? Most of my friends who have gone on to start families have moved out of Milan. It is a tough city to raise kids in because it is so cramped. Of course Milan is one of the most expensive cities in the world to live in but the experience alone is well worth some sacrifices. What area are you moving to? Will he be working for an American company? Italian companies typically quote a salary based on after tax Euros and you will need plenty. The good news is that it is much easier for Americans to find rentals than it is for Italians because of the laws governing this. If you can establish residency you might also be able to get the IMPS - or socialized medicine benefit. THere is a poster called Siena who can answer all of your questions related to health care and moving to Italy. She is very knowledgeable. I have not lived in Italy for quite awhile. What a great adventure you have ahead of you.
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Oct 9th, 2004 | 05:18 AM
#8
Joined: Jan 2003
Posts: 74,699
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Hi chanda,
I suggest that you also ask theis question at www.slowtrav.com.
They have a number of Italians on that board.
I suggest that you also ask theis question at www.slowtrav.com.
They have a number of Italians on that board.
Oct 9th, 2004 | 08:38 PM
#10
Joined: Jan 2003
Posts: 13,194
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I bet you can find a lot of useful info by contacting the Hostetler family - - www.hostetler.net
Best wishes,
Rex
Best wishes,
Rex
Oct 9th, 2004 | 10:24 PM
#11
Joined: Jan 2003
Posts: 171
Likes: 0
you can also check out my site http://www.expatsinitaly.com which has a lot of info as well as a forum. looking fprward with helping you in this adventure.
