Milan, IL vs Venice, IL

Milan, IL and Venice, IL have a very similar cost of living, with only a 1.5% difference in their overall index. Milan scores 66 while Venice scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Milan is $817/month compared to $898/month in Venice — a 9% difference. Interestingly, home values tell a different story: while Milan has cheaper rent, Venice actually has lower median home values ($54,000 vs $120,300).

Median household income in Milan is $61,188 compared to $34,609 in Venice (+76.8%). While Milan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milan spend roughly 16% of their income on rent, less than the 31.1% in Venice. The Milan ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Venice is notably warmer with an average of 56.5°F compared to 51.2°F in Milan. Venice receives more rainfall at 40.8" per year compared to 38.3" in Milan.