Cost of Living & Salary Comparison 2026
Yes, Lisbon is 40% cheaper than Milan based on our cost of living index. Lisbon has a COLI of 34.7, while Milan has a COLI of 57.8. 40% cheaper
Overall, Lisbon is approximately 40% cheaper than Milan based on our cost of living index. Lisbon has a COLI of 34.7 (ranked #72 of 182 cities), while Milan has a COLI of 57.8 (ranked #51).
When it comes to housing, one-bedroom apartment rent in Lisbon averages $1,000/month compared to $1,400/month in Milan. That makes Lisbon approximately 29% cheaper for rent alone.
Lisbon has lower total deductions (30.7%) compared to Milan (35.8%), meaning you keep more of your gross salary in Lisbon. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn €63,592 in Lisbon, you would need approximately €105,925 in Milan to maintain the same purchasing power. That is 40% more due to higher cost of living.
Estimated mid-level annual salaries in local currency, adjusted for each city's cost of living:
| Job Title | Lisbon (EUR) | Milan (EUR) |
|---|---|---|
| Doctor (General) | €52,959 | €88,215 |
| Software Engineer | €25,009 | €41,657 |
| Product Manager | €29,422 | €49,008 |
| Lawyer | €29,422 | €49,008 |
| Data Scientist | €27,951 | €46,558 |
| Marketing Manager | €21,184 | €35,286 |
| Teacher | €14,122 | €23,524 |
| Nurse | €17,065 | €28,425 |
Salary estimates are adjusted by each city's COLI relative to the New York baseline. Actual salaries vary by company, experience, and industry.
| Neighborhood | Multiplier |
|---|---|
| Chiado | 1.28x (+28%) |
| Príncipe Real | 1.25x (+25%) |
| Bairro Alto | 1.15x (+15%) |
| Estrela / Lapa | 1.12x (+12%) |
| Alfama | 1.10x (+10%) |
| Neighborhood | Multiplier |
|---|---|
| City Centre | 1.35x (+35%) |
| Brera | 1.30x (+30%) |
| Porta Nuova | 1.25x (+25%) |
| Garibaldi | 1.18x (+18%) |
| Navigli | 1.15x (+15%) |
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Open Salary ConverterMilan is more expensive overall. Lisbon has a COLI of 34.7 while Milan has a COLI of 57.8, making Lisbon approximately 40% cheaper.
To maintain the same standard of living as €63,592 in Lisbon, you would need approximately €105,925 in Milan.
Average one-bedroom rent in Lisbon is $1,000/month compared to $1,400/month in Milan. Lisbon has lower rent by approximately 29%.
Lisbon has lower total deductions (30.7%) compared to Milan (35.8%), meaning you keep more of your gross salary in Lisbon.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-02-28. Data is refreshed periodically. All figures are estimates for informational purposes only.