I don't know how much you can expect to make but living in Italy has its plusses and minuses. The food is great, wine is great, housing standard in the north off Italy is very high and cheap. On the down side if you don't speak Italian expect to have no social life, ATC is a joke, don't expect any ground perosonell to speak english, sometime the cabin crew speaks better english then the pilots.
The roads are good but the drivers are crazy, don't bring a nice car.