Cost of Living in Monaco

If you've ever considered moving to Monaco, one of the first questions that likely crossed your mind is, "What is the cost of living in Monaco?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Monaco and whether the reported $7207 per month figure aligns with the average monthly salary of $4509.31.

Restaurants
Markets
Transportation
Childcare
Clothing
Rent Per Month
Buy Apartment
Salaries
Monaco
restaurant

Restaurants

Price

World Range

Meal, Inexpensive Restaurant

28.65 $

Meal for 2 People, Mid-range Restaurant, Three-course

119.38 $

McMeal at McDonalds (or Equivalent Combo Meal)

9.55 $

Domestic Beer (1 pint draught)

6.87 $

Imported Beer (12 oz small bottle)

8.31 $

Cappuccino (regular)

3.98 $

Coke/Pepsi (12 oz small bottle)

5.18 $

Water (12 oz small bottle)

5.81 $

store

Markets

Price

World Range

Milk (regular), (1 gallon)

2.15 $

Loaf of Fresh White Bread (1 lb)

2.63 $

Rice (white), (1 lb)

2.75 $

Eggs (regular) (12)

2.84 $

Local Cheese (1 lb)

18.62 $

Chicken Fillets (1 lb)

10.74 $

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

17.51 $

Apples (1 lb)

2.39 $

Banana (1 lb)

4.46 $

Oranges (1 lb)

2.51 $

Tomato (1 lb)

3.22 $

Potato (1 lb)

2.51 $

Onion (1 lb)

2.55 $

Lettuce (1 head)

1.91 $

Water (1.5 liter bottle)

2.59 $

Bottle of Wine (Mid-Range)

11.46 $

Domestic Beer (0.5 liter bottle)

1.91 $

Imported Beer (12 oz small bottle)

3.1 $

Cigarettes 20 Pack (Marlboro)

9.55 $

commute

Transportation

Price

World Range

One-way Ticket (Local Transport)

1.91 $

Monthly Pass (Regular Price)

47.75 $

Taxi Start (Normal Tariff)

2.87 $

Taxi 1 mile (Normal Tariff)

--

Taxi 1hour Waiting (Normal Tariff)

57.3 $

Gasoline (1 gallon)

1.96 $

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

23876.86 $

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

24195.21 $

mark_as_unread

Utilities (Monthly)

Price

World Range

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

199.49 $

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

0.03 $

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

52.29 $

kitesurfing

Sports And Leisure

Price

World Range

Fitness Club, Monthly Fee for 1 Adult

399.94 $

Tennis Court Rent (1 Hour on Weekend)

19.1 $

Cinema, International Release, 1 Seat

11.46 $

child_friendly

Childcare

Price

World Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

2387.69 $

International Primary School, Yearly for 1 Child

26742.08 $

checkroom

Clothing And Shoes

Price

World Range

1 Pair of Jeans (Levis 501 Or Similar)

93.12 $

1 Summer Dress in a Chain Store (Zara, H&M, ...)

32.47 $

1 Pair of Nike Running Shoes (Mid-Range)

117.0 $

1 Pair of Men Leather Business Shoes

375.03 $

night_shelter

Rent Per Month

Price

World Range

Apartment (1 bedroom) in City Centre

4982.3 $

Apartment (1 bedroom) Outside of Centre

3354.1 $

Apartment (3 bedrooms) in City Centre

23467.54 $

Apartment (3 bedrooms) Outside of Centre

9741.76 $

home

Buy Apartment Price

Price

World Range

Price per Square Feet to Buy Apartment in City Centre

76405.94 $

Price per Square Feet to Buy Apartment Outside of Centre

51454.63 $

account_balance_wallet

Salaries And Financing

Price

World Range

Average Monthly Net Salary (After Tax)

4509.31 $

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

1.88 %

Comparison of the Cost Of Living in Monaco with other countries

Cost of living in countries