Milan Market Data

Explore compensation benchmarks, tax liabilities, and cost of living adjustments for professionals in Milan.

About Milan

Italy’s financial and fashion capital with high-paying private banking and design houses.

Milan represents a primary financial and business hubin Italy, attracting professionals from around the world. The city's strategic location, business-friendly environment, and quality of life make it an attractive destination for career growth and wealth accumulation.

Key Market Indicators

Cost of Living

Index score (100 = global average)

Rent Index

Housing cost indicator

Median Income

52.000 €

Estimated professional median

Tax System in Italy

Italy levies IRPEF progressive taxes plus regional and municipal add-ons. Mandatory INPS and healthcare contributions are deducted from payroll.

Example Calculation

For a professional earning 52.000 € annually in Milan:

Gross Income

52.000 €

Net Income

32.060 €

Tax Rate

38.3%

Monthly Take-Home

2672 €

Popular Salary Benchmarks

Explore compensation data for key roles in Milan

View All

AI Engineer

180.000 €

Estimated base salary

Machine Learning Researcher

190.000 €

Estimated base salary

Product Manager

Tech

135.000 €

Estimated base salary

Fintech Product Manager

Tech

150.000 €

Estimated base salary

Data Engineering Manager

Tech

155.000 €

Estimated base salary

Data Scientist

Tech

125.000 €

Estimated base salary

Solutions Architect

Tech

145.000 €

Estimated base salary

Blockchain Architect

Tech

160.000 €

Estimated base salary

DevOps Engineer

Tech

130.000 €

Estimated base salary

Site Reliability Engineer

Tech

140.000 €

Estimated base salary

Cybersecurity Director

Tech

185.000 €

Estimated base salary

UX Designer

Tech

105.000 €

Estimated base salary

Investment Banker

Finance

150.000 €

Estimated base salary

Private Equity Associate

Finance

170.000 €

Estimated base salary

Hedge Fund Analyst

Finance

160.000 €

Estimated base salary

Portfolio Manager

Finance

200.000 €

Estimated base salary

Quantitative Researcher

Finance

210.000 €

Estimated base salary

Venture Capital Partner

Finance

220.000 €

Estimated base salary

Wealth Manager

Finance

140.000 €

Estimated base salary

Chief Financial Officer

Executive

250.000 €

Estimated base salary

Compare with Similar Markets

London

Europe’s leading financial center. Salaries typically include a "London weighting" to offset housing costs.

Dublin

The Silicon Valley of Europe. Home to EMEA headquarters of Google, Meta, and Apple, driving high tech wages.

Berlin

Germany’s startup capital, known for moderate living costs relative to other European capitals.

Munich

An industrial and tech powerhouse with the highest cost of living and salary standards in Germany.

Frankfurt

The Eurozone’s banking seat with outsized compensation in finance, law, and consulting.

Paris

Continental Europe’s primary business district hosts major banking and luxury headquarters.

Frequently Asked Questions

What is the cost of living in Milan?↓

Milan has a cost of living index of 83 and a rent index of 47, making it one of the more expensive cities globally. Housing costs are manageable relative to other major cities.

How does the tax system work in Italy?↓

Italy levies IRPEF progressive taxes plus regional and municipal add-ons. Mandatory INPS and healthcare contributions are deducted from payroll.

What is a good salary in Milan?↓

For professionals in Milan, we estimate the median income at approximately 52.000 €. A salary above this level provides comfortable living standards, while salaries significantly below may require careful budgeting, especially for housing in prime districts.

What industries are strongest in Milan?↓

Milan is a major business hub with strong presence across multiple sectors. The city's status as a financial and technology center attracts professionals from various industries, with particularly strong opportunities in finance, technology, and professional services.