City Budget Comparison
Can You Live on $1,500/month?
London vs Milan — Budget Breakdown
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · April 2026
Feasibility
London
Likely Insufficient
COL+Rent: 72.9 (NYC=100)
$1,500/mo may not cover basic costs in London.
Milan
Likely Insufficient
COL+Rent: 57 (NYC=100)
$1,500/mo may not cover basic costs in Milan.
Budget Breakdown
| Category | London | Milan | Diff |
|---|---|---|---|
| Rent (avg 1BR) | $906 | $861 | +$45 |
| Groceries | $171 | $209 | $38 |
| Dining Out | $136 | $142 | $6 |
| Transportation | $46 | $24 | +$22 |
| Utilities | $105 | $135 | $30 |
| Other / Misc | $136 | $129 | +$7 |
| Total | $1,500 | $1,500 | — |
Purchasing Power
London
$1,500
per month
Milan equivalent
$1,173
per month
Only $1,173/mo in Milan matches $1,500/mo in London — better value.
Other Budget Levels
FAQ
Can I live in London on $1,500/month?
Living in London on $1,500/mo is rated "Likely Insufficient". Budget allocates ~$906 to rent, $171 to groceries, $136 to dining.
Can I live in Milan on $1,500/month?
In Milan, $1,500/mo is rated "Likely Insufficient". Allocations: $861 rent, $209 groceries, $142 dining.
Is London or Milan cheaper?
Milan is generally cheaper. COL+Rent: London 72.9 vs Milan 57 (NYC=100).
What is $1,500/mo in London worth in Milan?
$1,500/mo of purchasing power in London equals ~$1,173/mo in Milan using COL adjustment.