🇦🇺 Australia vs 🇮🇹 Italy
Side-by-side early retirement comparison — taxes, cost of living, healthcare, and FIRE number.
Key Takeaway
Italy is somewhat cheaper than Australia for retirees. With a cost of living index of 65 vs 80, your money goes 19% further in Italy. Capital gains tax is 26% in Italy vs 0% in Australia. Use the calculator to see your personalized FIRE number for both countries.
Side-by-Side Comparison
Tax Comparison for Retirees
🇦🇺 Australia Taxes
🇮🇹 Italy Taxes
Special Tax Regimes for Expats
Flat Tax for Retirees
7% flat tax on ALL foreign income for retirees in Southern Italy/small towns.
Impatriate Regime
70-90% income exemption for workers.
Calculate Your Exact FIRE Number
Enter your portfolio, spending, and retirement age to see a personalized comparison between Australia and Italy — with Monte Carlo simulations and tax modeling.
🔥 Open Calculator — Australia vs ItalyFAQ: Australia vs Italy for Retirement
Is it cheaper to retire in Italy or Australia?
Italy has a cost of living index of 65 compared to Australia's 80(where US = 100). Italy is somewhat cheaper than Australia for retirees. Your money goes approximately 19% further in Italy.
How do taxes compare between Australia and Italy?
Capital gains tax is 26% in Italy vs 0% in Australia. The top income tax rate is 43% in Italy vs 45% in Australia. For FIRE retirees, the effective tax rate depends on your withdrawal strategy — use our calculator for a personalized estimate.
What about healthcare in Italy vs Australia?
Estimated annual healthcare costs are $0 in Italyvs $0 in Australia. Italy offers public healthcare access for residents. Australia offers public healthcare access for residents.