Housing, 35% of salary is spent on rent. But in Milan 76% of pay goes up in smoke, in Rome 65%
Out of fourteen metropolitan cities, ten exceed the national average. Only three, however, meet the threshold considered critical
Key points
Slightly more than a third of one's salary goes towards paying rent. This is the percentage (35%) that one pays on average in Italy to own a house, slightly above the threshold considered critical (30%). Yet, in almost all the metropolitan cities (ten out of fourteen) the ratio goes beyond the average, reaching as far as the cases of Milan and Rome.
This is what emerges from the new document of the Sector Strategies and Impacts Directorate of Cassa Depositi e Prestiti, focusing on territories in need of service housing in Italy, i.e. the provision of housing to workers at below-market prices.
Housing pressure
Among the factors analysed in the report is the incidence of rental costs on wages, the so-called housing affordability index (Hai), given by the ratio of average monthly rents to average net wages. The higher the value of the ratio, the higher the housing pressure in the reference province.
In particular, the provincial average wages (which include thirteen monthly payments) refer to employees in the non-agricultural private sector, excluding managers. While, for rents, reference is made to the monthly cost of a 60 square metre flat in provincial capitals.
Milan and Rome in the lead, also among the first in Europe
In Milan, the percentage is two and a half times higher than the critical threshold. It reaches 76%: which means that, in the Lombard capital, just over three quarters of the salary is spent on rent. Little better in the Capital, where 65% is spent.
