🇲🇨Cost of Living in Monaco

Monaco · Population: 39,000 · Cost Index: 98/100

Cost of Living in Monaco

Monaco · Europe

Monaco is a sovereign city-state on the French Riviera, renowned as a playground for the ultra-wealthy with its famous casino, Formula 1 Grand Prix, and luxury yacht-filled harbor. It is the most densely populated country in the world and one of the most expensive places to live anywhere.

39,000

Population

Cost Index

Safety Index

Quality of Life

Average Monthly Cost: $5,500 (single person, excluding rent)

Estimated monthly budget in Monaco

Typical total monthly cost by household type.

Single person

$5,500

per month

Couple

$8,250

per month

Family of 4

$11,550

per month

Student

$4,130

per month

Estimates based on the average cost of living in Monaco, scaled by household size. Actual costs vary with lifestyle, neighbourhood and housing.

Cost Breakdown

Housing

Avg: $4,950.00

1-Bedroom Apartment (City Center)(per month)

$3,500.00

1-Bedroom Apartment (Outside Center)(per month)

$2,800.00

3-Bedroom Apartment (City Center)(per month)

$8,000.00

3-Bedroom Apartment (Outside Center)(per month)

$5,500.00

Food & Groceries

Avg: $19.61

Meal at Inexpensive Restaurant(per meal)

$25.00

Meal for 2 at Mid-Range Restaurant(per meal)

$120.00

McMeal at McDonald's(per meal)

$14.00

Milk (1 liter)(per liter)

$2.00

Bread (500g loaf)(per loaf)

$2.50

Rice (1 kg)(per kg)

$2.80

Eggs (12)(per dozen)

$5.00

Chicken Breast (1 kg)(per kg)

$18.00

Apples (1 kg)(per kg)

$4.00

Banana (1 kg)(per kg)

$2.80

Transportation

Avg: $12.80

Monthly Public Transit Pass(per month)

$50.00

One-Way Ticket (Local Transport)(per trip)

$2.00

Taxi Start (Normal Tariff)(base fare)

$7.00

Taxi 1km (Normal Tariff)(per km)

$3.00

Gasoline (1 liter)(per liter)

$2.00

Utilities

Avg: $88.33

Basic Utilities (85m² Apt)(per month)

$180.00

Mobile Phone Plan(per month)

$35.00

Internet (60 Mbps+)(per month)

$50.00

Healthcare

Avg: $69.33

Doctor Visit(per visit)

$70.00

Dentist Visit(per visit)

$120.00

Prescription Medicine (avg)(per prescription)

$18.00

Entertainment

Avg: $37.50

Fitness Club Monthly(per month)

$120.00

Cinema Ticket(per ticket)

$15.00

Cappuccino(per cup)

$6.00

Beer (0.5l) at Restaurant(per glass)

$9.00

Clothing

Avg: $100.00

Pair of Jeans (Levi's)(per pair)

$110.00

Summer Dress (Chain Store)(per item)

$60.00

Running Shoes (Nike, Adidas)(per pair)

$130.00

Popular Monaco comparisons

Monaco vs New York Monaco vs London Monaco vs Tokyo Monaco vs Singapore Monaco vs Dubai Monaco vs Paris Monaco vs Berlin Monaco vs San Francisco

Frequently asked questions about Monaco

Is Monaco expensive to live in?

Monaco has a cost of living index of 98 out of 100, where New York City scores 100. This makes it one of the most expensive cities we track.

How much money do you need to live in Monaco?

A single person needs an estimated $5,500 per month to live in Monaco, covering rent, food, transport and other essentials. A family or a more comfortable lifestyle will cost more.

What is the cost of living index in Monaco?

Monaco's cost of living index is 98 out of 100. The index is relative to New York City (100), so a score of 50 means overall costs are roughly half those of New York.

What is quality of life like in Monaco?

Monaco scores 85 out of 100 for quality of life and 92 out of 100 for safety in our index.