Net salary Financial Analyst (FP&A): Amsterdam vs Milan (2026)
For a Financial Analyst (FP&A) (Mid (3 to 7 yrs) profile), in 🇳🇱 Amsterdam the market pays roughly €69,000 gross: after taxes and contributions you're left with €4,046/month, but with a cost of living around €3,452 the real savings come to €594/month. In 🇮🇹 Milan the market gross is ~€44,000, the net €2,453/month and, with ~€2,360 in expenses, real savings are €93/month.
The difference is €501/mo in favour of Amsterdam: that's €6,010 a year, and about €34,944 over 5 years if you reinvest the difference at 6% annually. A higher gross, on its own, proves nothing: what counts is what stays.
The comparison, number by number
| 🇳🇱 Amsterdam | 🇮🇹 Milan | |
|---|---|---|
| Gross salary (estimate) | €58k-€80k | €35k-€52k |
| Net / month | €4046 | €2453 |
| Rent | −€2352 | −€1468 |
| Food & groceries | −€373 | −€345 |
| Transport | −€100 | −€39 |
| Utilities | −€272 | −€206 |
| Personal expenses | −€355 | −€302 |
| Cost of living / month | −€3452 | −€2360 |
| Real savings / month | +€594 | +€93 |
| Wealth after 5 years (6%/yr) | €41.440 | €6.496 |
The factor almost everyone ignores
By moving to 🇮🇹 Milan you could qualify for the Regime impatriati, the tax break for people relocating from abroad. On the market salary it's worth roughly +€672/mo net, which would lift real savings to +€765/mo. It's a huge advantage, but eligibility (prior residence, contract type, thresholds) must be verified individually.
The indifference threshold
In Amsterdam you already save more than in Milan: no raise needed to stay ahead.
How these numbers are calculated
Estimated market salaries (Robert Half, Hays, Morgan McKinley, Levels.fyi 2025-26); taxes on employment income, single with no children, 2025-26 rates with local surtaxes; cost of living for 1 person (Numbeo + official sources). These are indicative estimates, not tax advice. Full methodology → · Disclaimer.
Frequently asked questions
Is Milan or Amsterdam better for a Financial Analyst (FP&A)?
After taxes and cost of living, a Financial Analyst (FP&A) (Mid (3 to 7 yrs) profile) saves about €594/month in Amsterdam, versus €93/month in Milan: €501/month more in Amsterdam.
How much do you actually save per month in Amsterdam?
On a market salary of ~€69,000 gross, the net is ~€4,046/month; after a cost of living of ~€3,452, you're left with about €594/month.
Does the expat regime change the comparison?
Yes: in Milan the Regime impatriati is worth about +€672/month net, if you meet the requirements. It must be verified individually.