Milan VS Phuket

Cost of Living & Salary Comparison 2026

Milan
Italy
57.8
COLI Index
#51
Global Rank
EUR
Currency
Phuket
Thailand
30.5
COLI Index
#84
Global Rank
THB
Currency

Key Differences

Cost of Living
57.8
30.5
1BR Rent (USD/mo)
$1,400
$500
Total Deductions
35.8%
9.6%
Exchange Rate
1 EUR = 36.5515 THB
Is Milan cheaper than Phuket?

Yes, Phuket is 47% cheaper than Milan based on our cost of living index. Phuket has a COLI of 30.5, while Milan has a COLI of 57.8. 47% cheaper

Key Takeaways: Milan vs Phuket

Overall, Phuket is approximately 47% cheaper than Milan based on our cost of living index. Milan has a COLI of 57.8 (ranked #51 of 182 cities), while Phuket has a COLI of 30.5 (ranked #84).

When it comes to housing, one-bedroom apartment rent in Milan averages $1,400/month compared to $500/month in Phuket. That makes Phuket approximately 64% cheaper for rent alone.

Phuket has lower total deductions (9.6%) compared to Milan (35.8%), meaning you keep more of your gross salary in Phuket. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.

Tax & Deductions Comparison

Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.

Milan

Income Tax
27%
INPS Contributions
9.2%
Total: 35.8%Take-Home: €23,614/yr

Phuket

Income Tax
8%
Social Security
1.3%
Total: 9.6%Take-Home: ฿641,095/yr

Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.

Salary Equivalent

If you earn €63,592 in Milan, you would need approximately ฿1,226,532 in Phuket to maintain the same purchasing power. That is 47% less thanks to lower cost of living.

Salary Comparison by Job Title

Estimated mid-level annual salaries in local currency, adjusted for each city's cost of living:

Job Title Milan (EUR) Phuket (THB)
Doctor (General) €88,215 ฿1,701,445
Software Engineer €41,657 ฿803,460
Product Manager €49,008 ฿945,247
Lawyer €49,008 ฿945,247
Data Scientist €46,558 ฿897,985
Marketing Manager €35,286 ฿680,578
Teacher €23,524 ฿453,719
Nurse €28,425 ฿548,243

Salary estimates are adjusted by each city's COLI relative to the New York baseline. Actual salaries vary by company, experience, and industry.

Neighborhoods

Milan (Top 5)

NeighborhoodMultiplier
City Centre1.35x (+35%)
Brera1.30x (+30%)
Porta Nuova1.25x (+25%)
Garibaldi1.18x (+18%)
Navigli1.15x (+15%)

Phuket (Top 5)

NeighborhoodMultiplier
Patong1.22x (+22%)
Surin1.20x (+20%)
Bang Tao1.18x (+18%)
Kamala1.15x (+15%)
Kata Noi1.15x (+15%)

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Frequently Asked Questions

Is Milan or Phuket more expensive?

Milan is more expensive overall. Milan has a COLI of 57.8 while Phuket has a COLI of 30.5, making Phuket approximately 47% cheaper.

What salary in Phuket equals €63,592 in Milan?

To maintain the same standard of living as €63,592 in Milan, you would need approximately ฿1,226,532 in Phuket.

Is rent cheaper in Milan or Phuket?

Average one-bedroom rent in Milan is $1,400/month compared to $500/month in Phuket. Phuket has lower rent by approximately 64%.

Which city has lower taxes, Milan or Phuket?

Phuket has lower total deductions (9.6%) compared to Milan (35.8%), meaning you keep more of your gross salary in Phuket.

Explore Each City

Data Sources & Methodology

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.