Milan is generally considered one of the most expensive cities in Italy, often rivaling northern European capitals like Paris or Zurich in terms of cost. As the nation's financial and fashion hub, prices for accommodation and dining in central districts like Brera or near the Duomo are significantly higher than in southern Italy. A mid-range traveler in 2026 should expect to spend roughly €150 to €250 per day, including a decent hotel, meals, and museum entries. However, "Budget Milan" is possible: the city has an excellent public transport system that allows you to stay in more affordable outer neighborhoods, and the "Aperitivo" culture offers a great way to eat well for less (buy one drink and get access to a buffet). While it is not a "cheap" destination in the traditional sense, the wealth of free window-shopping in the Quadrilatero della Moda and the stunning (and free) Sforza Castle grounds provide plenty of value for those who plan ahead.