Cost of Living in Monaco

Summary of cost of living in Monaco:

A family of four estimated monthly costs are 6,923.8$ (6,520.8€) without rent.
A single person estimated monthly costs are 1,920.2$ (1,808.4€) without rent.
Cost of living in Monaco is, on average, 59.6% higher than in United States.
Rent in Monaco is, on average, 419.9% higher than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	27.50 €	15.00-50.00
Meal for 2 People, Mid-range Restaurant, Three-course	135.00 €	100.00-220.00
McMeal at McDonalds (or Equivalent Combo Meal)	10.75 €	9.23-12.00
Domestic Beer (1 pint draught)	8.00 €	4.50-11.08
Imported Beer (12 oz small bottle)	9.13 €	6.00-12.00
Cappuccino (regular)	3.57 €	2.33-8.00
Coke/Pepsi (12 oz small bottle)	4.77 €	3.00-8.31
Water (12 oz small bottle)	6.87 €	4.21-9.00
Markets	Edit
Milk (regular), (1 gallon)	8.20 €	5.68-11.36
Loaf of Fresh White Bread (1 lb)	3.63 €	2.14-6.35
Rice (white), (1 lb)	1.85 €	0.91-2.72
Eggs (regular) (12)	3.99 €	2.40-6.70
Local Cheese (1 lb)	9.07 €	6.80-11.34
Chicken Fillets (1 lb)	6.79 €	4.35-9.03
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	9.07 €	4.08-11.34
Apples (1 lb)	1.59 €	0.75-2.72
Banana (1 lb)	3.02 €	0.91-3.63
Oranges (1 lb)	1.33 €	0.79-1.94
Tomato (1 lb)	1.98 €	0.91-4.08
Potato (1 lb)	1.63 €	0.68-2.27
Onion (1 lb)	1.67 €	0.91-2.27
Lettuce (1 head)	2.55 €	0.99-6.00
Water (1.5 liter bottle)	5.33 €	1.35-9.00
Bottle of Wine (Mid-Range)	13.50 €	5.00-30.00
Domestic Beer (0.5 liter bottle)	1.94 €	1.00-2.55
Imported Beer (12 oz small bottle)	4.32 €	3.00-5.00
Cigarettes 20 Pack (Marlboro)	12.50 €	10.00-15.00
Transportation	Edit
One-way Ticket (Local Transport)	2.00 €	2.00-2.00
Monthly Pass (Regular Price)	22.00 €	22.00-50.00
Taxi Start (Normal Tariff)	5.80 €	5.00-6.60
Taxi 1 mile (Normal Tariff)	2.74 €	2.25-3.22
Taxi 1hour Waiting (Normal Tariff)	90.00 €	80.00-100.00
Gasoline (1 gallon)	7.95 €	7.57-8.06
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	48,457.50 €	48,355.00-48,560.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	45,188.67 €	38,566.00-39,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	331.05 €	187.00-500.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	52.00 €	32.00-56.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	68.60 €	49.00-150.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	335.00 €	58.33-1,200.00
Tennis Court Rent (1 Hour on Weekend)	47.50 €	40.00-50.00
Cinema, International Release, 1 Seat	12.00 €	10.00-16.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	2,966.67 €	2,500.00-3,200.00
International Primary School, Yearly for 1 Child	30,875.00 €	24,000.00-60,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	132.00 €	75.00-200.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	55.25 €	30.00-100.00
1 Pair of Nike Running Shoes (Mid-Range)	148.50 €	90.00-199.00
1 Pair of Men Leather Business Shoes	575.50 €	250.00-800.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	6,271.81 €	4,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre	4,665.87 €	2,500.00-10,924.00
Apartment (3 bedrooms) in City Centre	21,100.00 €	9,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre	10,250.00 €	6,000.00-30,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	6,994.21 €	4,645.11-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre	5,411.56 €	4,180.60-7,896.69
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	7,116.62 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.92	2.00-4.00

Prices in Monaco

This country had 187 entries in the past 12 months by 20 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References