Cost of Living Comparison Between Canada and Monaco 
| Indices Difference |  |
|---|---|
| Cost of Living in Monaco is 142.1% higher than in Canada (excluding rent) | |
| Cost of Living Including Rent in Monaco is 314.0% higher than in Canada | |
| Rent Prices in Monaco are 736.4% higher than in Canada | |
| Restaurant Prices in Monaco are 75.6% higher than in Canada | |
| Groceries Prices in Monaco are 50.5% higher than in Canada | |
| Local Purchasing Power in Monaco is 27.7% lower than in Canada | |
Restaurants | Canada Edit |
Monaco Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (15.89 €) |
39.33 C$ (25.00 €) |
+57.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (63.57 €) |
224.92 C$ (142.97 €) |
+124.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (9.53 €) |
16.91 C$ (10.75 €) |
+12.7 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.09 €) |
12.59 C$ (8.00 €) |
+57.3 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.09 €) |
12.66 C$ (8.05 €) |
+58.3 % |
| Cappuccino (regular) |
5.19 C$ (3.30 €) |
6.20 C$ (3.94 €) |
+19.6 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (1.84 €) |
8.01 C$ (5.09 €) |
+176.9 % |
| Water (12 oz small bottle) |
2.34 C$ (1.49 €) |
9.97 C$ (6.34 €) |
+326.3 % |
Markets | Canada Edit |
Monaco Edit | |
| Milk (regular), (1 gallon) |
11.68 C$ (7.43 €) |
12.65 C$ (8.04 €) |
+8.3 % |
| Loaf of Fresh White Bread (1 lb) |
3.37 C$ (2.14 €) |
6.60 C$ (4.20 €) |
+96.1 % |
| Rice (white), (1 lb) |
2.29 C$ (1.46 €) |
2.65 C$ (1.68 €) |
+15.7 % |
| Eggs (regular) (12) |
4.83 C$ (3.07 €) |
7.06 C$ (4.49 €) |
+46.2 % |
| Local Cheese (1 lb) |
7.10 C$ (4.51 €) |
13.08 C$ (8.32 €) |
+84.3 % |
| Chicken Fillets (1 lb) |
7.61 C$ (4.83 €) |
12.47 C$ (7.93 €) |
+64.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.32 C$ (5.92 €) |
15.46 C$ (9.83 €) |
+65.9 % |
| Apples (1 lb) |
2.61 C$ (1.66 €) |
2.89 C$ (1.84 €) |
+10.8 % |
| Banana (1 lb) |
0.90 C$ (0.57 €) |
3.81 C$ (2.42 €) |
+323.3 % |
| Oranges (1 lb) |
2.40 C$ (1.53 €) |
2.32 C$ (1.48 €) |
-3.3 % |
| Tomato (1 lb) |
2.58 C$ (1.64 €) |
3.26 C$ (2.07 €) |
+26.4 % |
| Potato (1 lb) |
1.67 C$ (1.06 €) |
2.56 C$ (1.63 €) |
+52.8 % |
| Onion (1 lb) |
1.67 C$ (1.06 €) |
2.67 C$ (1.70 €) |
+60.5 % |
| Lettuce (1 head) |
3.51 C$ (2.23 €) |
5.03 C$ (3.20 €) |
+43.3 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.59 €) |
8.65 C$ (5.50 €) |
+246.5 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (11.44 €) |
18.88 C$ (12.00 €) |
+4.9 % |
| Domestic Beer (0.5 liter bottle) |
4.08 C$ (2.59 €) |
2.69 C$ (1.71 €) |
-34.2 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (2.90 €) |
6.80 C$ (4.32 €) |
+49.0 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (12.71 €) |
17.70 C$ (11.25 €) |
-11.5 % |
Transportation | Canada Edit |
Monaco Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.22 €) |
3.15 C$ (2.00 €) |
-10.1 % |
| Monthly Pass (Regular Price) |
106.00 C$ (67.38 €) |
34.61 C$ (22.00 €) |
-67.3 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (2.89 €) |
9.12 C$ (5.80 €) |
+100.5 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.23 €) |
4.30 C$ (2.74 €) |
+22.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (24.75 €) |
141.59 C$ (90.00 €) |
+263.7 % |
| Gasoline (1 gallon) |
6.08 C$ (3.86 €) |
12.51 C$ (7.95 €) |
+105.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (21,598.37 €) |
76,232.09 C$ (48,457.50 €) |
+124.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,055.45 C$ (17,833.66 €) |
71,089.65 C$ (45,188.67 €) |
+153.4 % |
Utilities (Monthly) | Canada Edit |
Monaco Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
205.21 C$ (130.44 €) |
476.50 C$ (302.89 €) |
+132.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.57 C$ (39.77 €) |
81.81 C$ (52.00 €) |
+30.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.65 C$ (53.81 €) |
95.57 C$ (60.75 €) |
+12.9 % |
Sports And Leisure | Canada Edit |
Monaco Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.78 C$ (37.36 €) |
527.01 C$ (335.00 €) |
+796.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.16 C$ (15.36 €) |
60.96 C$ (38.75 €) |
+152.3 % |
| Cinema, International Release, 1 Seat |
15.75 C$ (10.01 €) |
18.88 C$ (12.00 €) |
+19.9 % |
Childcare | Canada Edit |
Monaco Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,116.37 C$ (709.63 €) |
3,723.18 C$ (2,366.67 €) |
+233.5 % |
| International Primary School, Yearly for 1 Child |
16,551.23 C$ (10,520.91 €) |
48,571.76 C$ (30,875.00 €) |
+193.5 % |
Clothing And Shoes | Canada Edit |
Monaco Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.76 C$ (48.79 €) |
256.03 C$ (162.75 €) |
+233.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.94 C$ (36.20 €) |
114.84 C$ (73.00 €) |
+101.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.61 C$ (77.30 €) |
272.55 C$ (173.25 €) |
+124.1 % |
| 1 Pair of Men Leather Business Shoes |
147.83 C$ (93.97 €) |
918.73 C$ (584.00 €) |
+521.5 % |
Rent Per Month | Canada Edit |
Monaco Edit | |
| Apartment (1 bedroom) in City Centre |
1,844.27 C$ (1,172.33 €) |
9,687.15 C$ (6,157.71 €) |
+425.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,642.84 C$ (1,044.28 €) |
10,982.33 C$ (6,981.00 €) |
+568.5 % |
| Apartment (3 bedrooms) in City Centre |
2,951.19 C$ (1,875.95 €) |
44,311.08 C$ (28,166.67 €) |
+1,401.5 % |
| Apartment (3 bedrooms) Outside of Centre |
2,555.23 C$ (1,624.25 €) |
10,068.32 C$ (6,400.00 €) |
+294.0 % |
Buy Apartment Price | Canada Edit |
Monaco Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
859.86 C$ (546.58 €) |
8,967.60 C$ (5,700.32 €) |
+942.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
601.68 C$ (382.47 €) |
7,979.87 C$ (5,072.46 €) |
+1,226.3 % |
Salaries And Financing | Canada Edit |
Monaco Edit | |
| Average Monthly Net Salary (After Tax) |
3,939.52 C$ (2,504.18 €) |
11,786.14 C$ (7,491.95 €) |
+199.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 2.83 | -55.4 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 3818 | 12 |
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