I was recently contacted by an American who is considering retiring in Aci Castello. This individual has been having a difficult time understanding what the basic cost of living is here.
I thought it might be useful to post our exchange in case there are others out there with similar questions or that have additional information to add.
Q: I was wondering if it was possible to tell me the cost of living for two people per month on average including rental (max 2 bedroom), utilities and food (eating in mostly). Can a couple live comfortable on $30, 000 per year?
A: Here are the basic costs you can expect in Aci Castello (all prices are in Euro) based on a frugal yet comfortable life style. This list does not include any 'extras' (eating out in restaurants, coffees in bars, traveling, etc.) and all costs are estimates and intended only to give a general idea of cost of living here.
-rent for a two bedroom apartment 600-700
ca. 100 every two months for electricity (without air conditioner)
ca. 100 every two months for gas
ca. 10/month for water
-phone/internet service: 90/month
-Condominium fees: ca 10/month
-Food for a family eating three meals a day at home: 700/month
-Car insurance: ca 100/month
-TV tax: 100/year
-Garbage collecting tax: depends on square meters of your home but could cost from 100-600/year.
What does that all equal? If I got my math right, the grand total (not including garbage tax or car insurance, let alone purchasing a car) is 1620/month, which is under 20,000 a year.
If anyone out there reading this has something to add to the list or changes to make, please let me know!