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 27.6% lower than in Canada | |
Restaurants | Canada Edit |
Monaco Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (15.85 €) |
39.42 C$ (25.00 €) |
+57.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (63.42 €) |
225.44 C$ (142.97 €) |
+125.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (9.51 €) |
16.95 C$ (10.75 €) |
+13.0 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.07 €) |
12.61 C$ (8.00 €) |
+57.7 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.07 €) |
12.69 C$ (8.05 €) |
+58.7 % |
| Cappuccino (regular) |
5.19 C$ (3.29 €) |
6.22 C$ (3.94 €) |
+19.8 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (1.84 €) |
8.03 C$ (5.09 €) |
+177.6 % |
| Water (12 oz small bottle) |
2.34 C$ (1.48 €) |
10.00 C$ (6.34 €) |
+327.3 % |
Markets | Canada Edit |
Monaco Edit | |
| Milk (regular), (1 gallon) |
11.68 C$ (7.41 €) |
12.68 C$ (8.04 €) |
+8.6 % |
| Loaf of Fresh White Bread (1 lb) |
3.37 C$ (2.14 €) |
6.62 C$ (4.20 €) |
+96.5 % |
| Rice (white), (1 lb) |
2.29 C$ (1.45 €) |
2.66 C$ (1.68 €) |
+16.0 % |
| Eggs (regular) (12) |
4.83 C$ (3.06 €) |
7.08 C$ (4.49 €) |
+46.5 % |
| Local Cheese (1 lb) |
7.10 C$ (4.50 €) |
13.11 C$ (8.32 €) |
+84.8 % |
| Chicken Fillets (1 lb) |
7.61 C$ (4.82 €) |
12.50 C$ (7.93 €) |
+64.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.32 C$ (5.91 €) |
15.50 C$ (9.83 €) |
+66.3 % |
| Apples (1 lb) |
2.61 C$ (1.65 €) |
2.90 C$ (1.84 €) |
+11.0 % |
| Banana (1 lb) |
0.90 C$ (0.57 €) |
3.81 C$ (2.42 €) |
+324.3 % |
| Oranges (1 lb) |
2.40 C$ (1.52 €) |
2.33 C$ (1.48 €) |
-3.0 % |
| Tomato (1 lb) |
2.58 C$ (1.64 €) |
3.27 C$ (2.07 €) |
+26.7 % |
| Potato (1 lb) |
1.67 C$ (1.06 €) |
2.56 C$ (1.63 €) |
+53.2 % |
| Onion (1 lb) |
1.67 C$ (1.06 €) |
2.68 C$ (1.70 €) |
+60.9 % |
| Lettuce (1 head) |
3.51 C$ (2.23 €) |
5.05 C$ (3.20 €) |
+43.6 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.58 €) |
8.67 C$ (5.50 €) |
+247.3 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (11.42 €) |
18.92 C$ (12.00 €) |
+5.1 % |
| Domestic Beer (0.5 liter bottle) |
4.08 C$ (2.59 €) |
2.69 C$ (1.71 €) |
-34.0 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (2.89 €) |
6.81 C$ (4.32 €) |
+49.3 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (12.68 €) |
17.74 C$ (11.25 €) |
-11.3 % |
Transportation | Canada Edit |
Monaco Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.22 €) |
3.15 C$ (2.00 €) |
-9.9 % |
| Monthly Pass (Regular Price) |
106.00 C$ (67.22 €) |
34.69 C$ (22.00 €) |
-67.3 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (2.89 €) |
9.15 C$ (5.80 €) |
+101.0 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.22 €) |
4.31 C$ (2.74 €) |
+23.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (24.69 €) |
141.92 C$ (90.00 €) |
+264.5 % |
| Gasoline (1 gallon) |
6.08 C$ (3.85 €) |
12.53 C$ (7.95 €) |
+106.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (21,548.13 €) |
76,409.84 C$ (48,457.50 €) |
+124.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,055.45 C$ (17,792.17 €) |
71,255.40 C$ (45,188.67 €) |
+154.0 % |
Utilities (Monthly) | Canada Edit |
Monaco Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
205.21 C$ (130.14 €) |
477.61 C$ (302.89 €) |
+132.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.57 C$ (39.68 €) |
82.00 C$ (52.00 €) |
+31.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.65 C$ (53.69 €) |
95.79 C$ (60.75 €) |
+13.2 % |
Sports And Leisure | Canada Edit |
Monaco Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.78 C$ (37.28 €) |
528.24 C$ (335.00 €) |
+798.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.16 C$ (15.32 €) |
61.10 C$ (38.75 €) |
+152.9 % |
| Cinema, International Release, 1 Seat |
15.75 C$ (9.99 €) |
18.92 C$ (12.00 €) |
+20.1 % |
Childcare | Canada Edit |
Monaco Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,116.37 C$ (707.98 €) |
3,731.86 C$ (2,366.67 €) |
+234.3 % |
| International Primary School, Yearly for 1 Child |
16,551.23 C$ (10,496.44 €) |
48,685.01 C$ (30,875.00 €) |
+194.1 % |
Clothing And Shoes | Canada Edit |
Monaco Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.76 C$ (48.68 €) |
256.63 C$ (162.75 €) |
+234.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.94 C$ (36.11 €) |
115.11 C$ (73.00 €) |
+102.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.61 C$ (77.12 €) |
273.19 C$ (173.25 €) |
+124.6 % |
| 1 Pair of Men Leather Business Shoes |
147.83 C$ (93.75 €) |
920.88 C$ (584.00 €) |
+522.9 % |
Rent Per Month | Canada Edit |
Monaco Edit | |
| Apartment (1 bedroom) in City Centre |
1,844.27 C$ (1,169.60 €) |
9,709.74 C$ (6,157.71 €) |
+426.5 % |
| Apartment (1 bedroom) Outside of Centre |
1,642.84 C$ (1,041.85 €) |
11,007.94 C$ (6,981.00 €) |
+570.1 % |
| Apartment (3 bedrooms) in City Centre |
2,951.19 C$ (1,871.58 €) |
44,414.39 C$ (28,166.67 €) |
+1,405.0 % |
| Apartment (3 bedrooms) Outside of Centre |
2,555.23 C$ (1,620.48 €) |
10,091.79 C$ (6,400.00 €) |
+294.9 % |
Buy Apartment Price | Canada Edit |
Monaco Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
859.86 C$ (545.30 €) |
8,988.51 C$ (5,700.32 €) |
+945.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
601.68 C$ (381.58 €) |
7,998.48 C$ (5,072.46 €) |
+1,229.3 % |
Salaries And Financing | Canada Edit |
Monaco Edit | |
| Average Monthly Net Salary (After Tax) |
3,939.52 C$ (2,498.36 €) |
11,813.62 C$ (7,491.95 €) |
+199.9 % |
| 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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