What is the cost of living in Florence (2024)

What are the cost of living in Florence? Let us show you how much you'll spend in Florence.

Bas Teunissen

4 minute read

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Updated on 4 Jun 2024

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Living

You’ve done your research, and you’re pretty confident that Florence might just be your new home in Italy! There’s just one more question you need to answer for yourself: What’s the cost of living in Florence?

We’ve done the digging to give you a picture of how much you can expect to spend on everyday expenses in what some call the most beautiful city in the world, Firenze.

We’ve broken down our findings into 4 main categories:

• Average rental prices
• Daily Groceries
• Entertainment, leisure and culture
• Public transport

Let's breakdown the average cost of living for one person in Florence, excluding rent.

All this, including some monthly expenses I’ve not mentioned here (clothing, taxes, etc.) mean that you’ll have to factor in a cost of living of around €900 on top of your housing expenses. Let’s dive into a more granular breakdown below!

Florence relies heavily on tourism, which means the corona crisis heavily impacted the city. As a result, rental prices have gone down, making the city slightly more affordable to rent. The HousingAnywhere Rent Index shows that this trend is visible across all of the most common rental categories of rooms, studios and apartments.

When you explore rental homes in Florence these are the average rental prices you can expect:

Your rent is probably going to be the most significant expense you face every month. So, depending on your lifestyle and where you’re from, Florence will probably be a bit more affordable. Of course, prices will vary depending on which neighborhood you're living in. If you compare it to apartment prices in popular cities considered expensive, such as Rome or Milan, the rental price is quite affordable!

Do keep in mind that you also need to measure these prices against job offers you might get or the average salary in the area to get an accurate picture of what the best place to live is for you.

Overall, the price for groceries in Florence is relatively high. That said, prices are still slightly lower than what you’d find in Rome (-2%) and more affordable than in Milan (-6.5%). Expect to pay €200-€250 monthly for your grocery. Here’s an idea of what to expect in a Florence supermarket.

As you'll see next, dairy, eggs and chicken breast being especially pricey compared to other countries.

There’s not much that beats the pop of a bottle of wine or the fizzle of a freshly poured draft beer on a summer night in Florence. Florence is a city whose beauty has been described by many authors, poets … and travel bloggers. That’s precisely why going out for something to eat or drink in Florence can be more expensive than in other cities: tourism.

So, if you’re not always willing to pay the ‘tourist tax’ on a night out, make sure you go to the places where the locals hang out and make some friends at some of the more lovely places. In time, you’ll be met with broad smiles and the local’s prices! I don’t know about you, but I can already taste the bistecca alla Fiorentina (Florentine steak) I’m going to order tonight.

Florence is a flourishing tourist city. That means you’ll have access to an extensive and affordable public transport network known as the ATAF system.

The city’s busses are equipped with AC and are wheelchair accessible. Things do get crowded during rush hours, though. Taxis are also very affordable, so long as you confirm the price with the driver beforehand. Please note that it's customary to book a cab in advance, rather than simply waving one down by the road.

There it is! An overview of some of the most common expenses you’ll run into when you start your new life in Florence.

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