Cost of Living Comparison · NYC=100 baseline

Cost of Living: Australia vs Italy

Australia is 28% more expensive than Italy overall. Detailed side-by-side rent, groceries, utilities and monthly budget for 2026.

Australia
58.4
COL+Rent · Moderate
Rent index: 41.6
CHEAPER
Italy
45.8
COL+Rent · Moderate
Rent index: 28.0

The verdict: Italy wins on affordability

Italy is roughly 28% cheaper than Australia on the combined COL+Rent index. On a moderate urban lifestyle, this translates to a difference of $817 per month, or about $9,804 per year.

Monthly Budget Comparison

Single-person urban lifestyle at three budget levels. All figures in USD.

Budget levelAustraliaItalyDifference
Minimal
Suburb rent, no dining out
$2,085$1,443Italy 44% less
Sample
City rent, ~15 restaurant meals/mo
$2,885$2,068Italy 40% less
Comfortable
City rent, dining out 25x/mo
$3,228$2,337Italy 38% less

Budgets include rent, groceries, utilities, transit pass, and a typical number of restaurant meals per tier.

Line-Item Cost Comparison

Every major monthly expense, side by side.

CategoryAustraliaItaly
Rent 1-bed, city centre
$1,850$1,240
Rent 1-bed, outside centre
$1,380$870
Groceries (monthly)
$420$305
Mid-range restaurant meal
$22$17
Transit pass (monthly)
$110$38
Basic utilities (85m²)
$175$230

Index Breakdown (NYC = 100)

Individual sub-indices for each category. Lower = cheaper than New York City.

Australia
Cost (excl. rent)73.4
Rent41.6
Groceries75.5
Restaurants65.2
COL + Rent58.4
Local purchasing power (higher = better)102.6
Italy
Cheaper overall
Cost (excl. rent)60.1
Rent28.0
Groceries53.7
Restaurants50.0
COL + Rent45.8
Local purchasing power (higher = better)64.6

Salary Equivalents

Purchasing-power-adjusted: if you earn X net in the US, how much do you need in Australia and Italy to maintain the same lifestyle?

US net salaryNeeded in AustraliaNeeded in Italy
$50,000/yr$51,865$40,675
$75,000/yr$77,798$61,012
$100,000/yr$103,730$81,350

NET (after-tax) purchasing-power equivalents. Gross salary targets depend on each country's tax regime — see the salary comparison page for full tax breakdowns.

Frequently Asked Questions: Australia vs Italy

Is Australia cheaper than Italy?

Australia is 28% more expensive than Italy. The combined Cost of Living + Rent index (NYC = 100) is 58.4 for Australia vs 45.8 for Italy. In practical terms, a $2,068/month lifestyle in Italy can be matched for roughly $2,637/month in Australia.

What is the monthly budget difference between Australia and Italy?

A moderate single-person urban budget costs around $2,885 in Australia versus $2,068 in Italy — a difference of $817/month (40%). The gap grows for comfortable lifestyles: $3,228 vs $2,337.

How does rent compare in Australia vs Italy?

A 1-bedroom apartment in a city centre costs $1,850/month in Australia and $1,240/month in Italy. Outside the city centre, rent drops to $1,380 in Australia and $870 in Italy. Rent typically represents 30–50% of a single person's monthly budget in both countries.

How much salary do I need to move from Australia to Italy?

If you currently earn $75,000 net in Australia, you'd need roughly $58,818 net in Italy to maintain the same lifestyle. If moving the other way (from Italy to Australia on a $75,000 net salary), you'd need $95,633 net in Australia. These are purchasing-power-adjusted amounts — your gross salary target will differ by tax regime.

Which country has higher groceries prices?

Monthly grocery basket for a single person: $420 in Australia vs $305 in Italy. A mid-range restaurant meal costs $22 in Australia vs $17 in Italy. Grocery prices tend to track closely with overall cost of living.

Source & caveats: Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates. Last reviewed April 2026. All indices use New York City = 100 as baseline. Actual prices in Australia and Italy vary materially by city — capital/largest city costs can differ 30–60% from smaller towns. Treat these figures as directional comparisons; verify with current local listings before making relocation decisions.