Cost of Living in Monaco

Summary of cost of living in Monaco:

A family of four estimated monthly costs are 7,762.1$ (7,151.1€) without rent.
A single person estimated monthly costs are 2,128.5$ (1,960.9€) without rent.
Cost of living in Monaco is, on average, 77.9% higher than in United States.
Rent in Monaco is, on average, 367.7% higher than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	30.00 €	15.00-50.00
Meal for 2 People, Mid-range Restaurant, Three-course	150.00 €	100.00-250.00
McMeal at McDonalds (or Equivalent Combo Meal)	10.00 €	9.00-12.00
Domestic Beer (1 pint draught)	8.00 €	4.00-11.08
Imported Beer (12 oz small bottle)	10.00 €	6.00-12.00
Cappuccino (regular)	4.24 €	2.33-8.00
Coke/Pepsi (12 oz small bottle)	4.99 €	3.00-8.31
Water (12 oz small bottle)	5.92 €	4.00-9.00
Markets	Edit
Milk (regular), (1 gallon)	8.83 €	7.57-11.36
Loaf of Fresh White Bread (1 lb)	3.54 €	1.81-6.35
Rice (white), (1 lb)	2.04 €	0.91-2.72
Eggs (regular) (12)	4.53 €	2.40-6.70
Local Cheese (1 lb)	11.34 €
Chicken Fillets (1 lb)	7.54 €	4.54-9.03
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	9.07 €	6.80-11.34
Apples (1 lb)	2.04 €	0.91-2.72
Banana (1 lb)	3.02 €	0.91-3.63
Oranges (1 lb)	1.33 €	0.91-1.94
Tomato (1 lb)	2.10 €	0.91-4.08
Potato (1 lb)	1.93 €	0.68-2.27
Onion (1 lb)	1.89 €	0.91-2.27
Lettuce (1 head)	3.75 €	0.99-6.00
Water (1.5 liter bottle)	5.33 €	1.35-9.00
Bottle of Wine (Mid-Range)	15.00 €	12.00-30.00
Domestic Beer (0.5 liter bottle)	1.78 €	1.00-2.55
Imported Beer (12 oz small bottle)	4.00 €	3.00-5.00
Cigarettes 20 Pack (Marlboro)	10.00 €	10.00-15.00
Transportation	Edit
One-way Ticket (Local Transport)	2.00 €	1.50-3.00
Monthly Pass (Regular Price)	50.00 €	22.00-50.00
Taxi Start (Normal Tariff)	5.00 €	3.00-6.60
Taxi 1 mile (Normal Tariff)	2.98 €	2.74-3.22
Taxi 1hour Waiting (Normal Tariff)	100.00 €	60.00-100.00
Gasoline (1 gallon)	7.59 €	5.68-9.08
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	57,780.00 €	48,560.00-67,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	48,283.00 €	38,566.00-58,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	297.19 €	187.00-500.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	44.00 €	32.00-56.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	93.40 €	50.00-150.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	387.50 €	58.33-1,200.00
Tennis Court Rent (1 Hour on Weekend)	50.00 €	45.00-50.00
Cinema, International Release, 1 Seat	12.00 €	10.00-16.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	2,850.00 €	2,500.00-3,200.00
International Primary School, Yearly for 1 Child	37,000.00 €	16,000.00-60,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	135.25 €	77.00-200.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	40.33 €	30.00-49.00
1 Pair of Nike Running Shoes (Mid-Range)	146.80 €	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	5,891.35 €	2,500.00-10,000.00
Apartment (1 bedroom) Outside of Centre	3,367.32 €	2,500.00-5,000.00
Apartment (3 bedrooms) in City Centre	18,571.43 €	8,000.00-50,000.00
Apartment (3 bedrooms) Outside of Centre	10,533.33 €	3,200.00-17,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	7,153.47 €	4,645.11-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre	5,189.26 €	4,180.60-6,967.67
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	7,208.62 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.26	2.00-2.50

Prices in Monaco

This country had 177 entries in the past 12 months by 30 different contributors.
Last update: December 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References