Cost of Living in Monaco

Summary of cost of living in Monaco:

A family of four estimated monthly costs are 7,381.9$ (6,878.8€) without rent.
A single person estimated monthly costs are 2,012.6$ (1,875.5€) without rent.
Cost of living in Monaco is, on average, 67.7% higher than in United States.
Rent in Monaco is, on average, 447.3% higher than in United States.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	25.00 €	15.00-50.00
Meal for 2 People, Mid-range Restaurant, Three-course	140.00 €	100.00-250.00
McMeal at McDonalds (or Equivalent Combo Meal)	10.00 €	8.99-11.90
Domestic Beer (1 pint draught)	7.00 €	4.00-10.00
Imported Beer (12 oz small bottle)	9.49 €	8.00-12.00
Cappuccino (regular)	4.02 €	2.33-8.42
Coke/Pepsi (12 oz small bottle)	4.77 €	3.00-8.31
Water (12 oz small bottle)	6.43 €	4.00-9.00
Markets	Edit
Milk (regular), (1 gallon)	8.52 €	5.68-11.36
Loaf of Fresh White Bread (1 lb)	2.65 €	1.81-6.35
Rice (white), (1 lb)	1.30 €	0.91-2.27
Eggs (regular) (12)	3.58 €	2.40-6.70
Local Cheese (1 lb)	8.85 €	6.35-11.34
Chicken Fillets (1 lb)	5.67 €	4.54-9.03
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	9.07 €	6.80-11.34
Apples (1 lb)	1.13 €	0.45-2.27
Banana (1 lb)	2.12 €	0.91-3.18
Oranges (1 lb)	0.83 €	0.45-1.13
Tomato (1 lb)	1.64 €	0.91-2.72
Potato (1 lb)	1.19 €	0.45-2.27
Onion (1 lb)	1.21 €	0.45-2.27
Lettuce (1 head)	1.75 €	0.99-4.00
Water (1.5 liter bottle)	2.71 €	1.00-5.00
Bottle of Wine (Mid-Range)	14.00 €	10.00-30.00
Domestic Beer (0.5 liter bottle)	2.00 €
Imported Beer (12 oz small bottle)	4.00 €	2.00-5.00
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)	3.00 €	3.00-6.60
Taxi 1 mile (Normal Tariff)	2.74 €
Taxi 1hour Waiting (Normal Tariff)	100.00 €	60.00-100.00
Gasoline (1 gallon)	7.21 €	4.20-9.08
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	20,000.00 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	21,000.00 €
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	246.89 €	100.00-500.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)	0.10 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	93.00 €	50.00-150.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	575.00 €	58.33-1,200.00
Tennis Court Rent (1 Hour on Weekend)	38.33 €	20.00-50.00
Cinema, International Release, 1 Seat	12.00 €	10.00-12.00
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	29,333.33 €	16,000.00-48,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	123.60 €	25.00-200.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	40.33 €	30.00-49.00
1 Pair of Nike Running Shoes (Mid-Range)	139.00 €	100.00-175.00
1 Pair of Men Leather Business Shoes	438.00 €	175.00-800.00
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	4,196.40 €	2,500.00-10,000.00
Apartment (3 bedrooms) in City Centre	21,875.00 €	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	6,816.70 €	4,645.11-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre	5,260.59 €	4,180.60-6,967.67
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	5,391.25 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.38	2.27-2.50

Prices in Monaco

This country had 124 entries in the past 12 months by 22 different contributors.
Last update: May 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References