![]() ![]() Pricing is flexible, and we have found that word of mouth is often the best way to find the perfect spot. Outside Rieti, near Contigliano, finding a home you can fix up for €45,000 is easy.īut a lot of people don’t want to deal with a fixer-upper, and that’s fine, you can still find some gFrom €250,000 on up, you can find new construction, refurbished farmhouses, fixer-uppers, and flashy condominiums on the top floor with views galore. In this area, you can find homes priced from €50,000, depending on your needs. For example, if I was 74, the longest mortgage I could get would be one year.īut for cash, there are tons of well-priced homes on the market. ![]() ![]() ![]() For €600, you can get a fully furnished, wood-paneled apartment of 750 sq feet, with a carport and a doorman, perched on the ski slopes of Terminillo.īuying a home in Italy and in most of the EU is different, as bank’s stop offering mortgages at age 75. Here in Rieti, you can find apartments renting for as low as 420 per month for a small 800 sq foot two-bed, one-bath unfurnished apartment. feet, fully furnished with five bedrooms, three baths, and tremendous views for just $700 a month.įinding condos or apartments to rent is easy, as most real estate websites in Italy will translate to English at the push of a button. Two years after our move to Italy, we moved into a single-family home of over 2200 sq. Today, the landlord charges $500 for the same apartment. When we first relocated to Rieti, we moved into a small three-bed, one-bath, 950 sq foot, fully furnished condo for $400 a month. You can unsubscribe at any time, and we encourage you to read more about our Privacy Policy. We live in a larger home than most Italians, with higher utility use, and we eat out more than most Italians would.īy submitting your email address, you will receive a free subscription to IL Postcards and special offers from International Living and our affiliates. This fits perfectly in line with Italian statistics, as the average income per family in Italy is $31,641 in the north, it’s over $35,000, while in the south, under $26,000. Here are the best places to live in Italy from $1,700 per month. (Note: The cost of living comes down to lifestyle and what your overseas dream is Italy provides something for everyone. In a small town like Reit, with a population of 6800 people, our living expenses are less than $3,500 a month. My wife, Shonna, and I live in Central Italy, an hour and 30 minutes northeast of Rome, in an agricultural area, outside of the town of Reiti (less than 50,000 population). The smaller the town, and the more agricultural the area the lower the cost of living. Geographically, the further south you go, the lower the cost of living. I said, “can be,” because if you choose to live in the fashion district of Milan, unsurprisingly, your costs would most likely rise, but outside of the larger metropolitan cities, your costs will noticeably drop. In general, the COL in Italy can be 30% to 70% lower than the cost of living in the U.S., depending on where in Italy you want to live, and how you want to live. It’s the primary reason many people first consider moving overseas. The most important thing to remember is that if you have less in retirement savings than you’d like to enjoy life in the U.S, those funds can go significantly further if you plan to move to any country where the cost of living (COL) is less. The simplest reason is that housing and health insurance costs are much lower. Living in Italy is significantly less expensive than living in the U.S. ![]()
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