Cost of Living in Monaco, Monaco
Monaco · Europe
$7,000
Monthly Cost
avg/person
145
Cost Index
NYC=100
175
Rent Index
NYC=100
90
Quality of Life
Excellent
92
Safety Index
Excellent
0.036M
Population
EUR
Quality Indices
Currency
Data collected from contributors and public sources.
Updated Monthly
Prices are indicative.
| Item | Price (USD) |
|---|---|
| Meal (inexpensive) | $30 |
| Meal for 2 (mid-range) | $150 |
| McMeal at McDonald's | $15 |
| Domestic Beer (0.5L) | $8 |
| Imported Beer (0.33L) | $9 |
| Cappuccino | $5 |
| Coke/Pepsi (0.33L) | $4 |
| Water (0.33L) | $3.5 |
| Item | Price (USD) |
|---|---|
| Milk (1L) | $1.8 |
| Bread (500g) | $3.5 |
| Rice (1kg) | $3 |
| Eggs (12) | $6 |
| Chicken (1kg) | $18 |
| Beef (1kg) | $35 |
| Apples (1kg) | $5 |
| Banana (1kg) | $3 |
| Tomato (1kg) | $5 |
| Potato (1kg) | $3 |
| Onion (1kg) | $2.5 |
| Water (1.5L) | $1.5 |
| Item | Price (USD) |
|---|---|
| 1-way Ticket (local) | $2 |
| Monthly Pass | $0 |
| Taxi 1km | $5 |
| Gasoline (1L) | $2 |
| Volkswagen Golf | $40000 |
| Toyota Corolla | $32000 |
| Item | Price (USD) |
|---|---|
| Basic (85m² apt) | $250 |
| Mobile Plan | $35 |
| Internet (60 Mbps) | $55 |
| Fitness Club/month | $150 |
| Item | Price (USD) |
|---|---|
| 1BR Center | $5,000/mo |
| 1BR Outside | $4,000/mo |
| 3BR Center | $12,000/mo |
| 3BR Outside | $9,000/mo |
| Price/m² Center | $55,000/m² |
| Price/m² Outside | $45,000/m² |
| Item | Price (USD) |
|---|---|
| Average Net Salary | $8000 |
| Mortgage Interest Rate | 2.5% |
Cost of Living in Monaco — Complete Guide (2026)
Monthly Budget Overview
The average cost of living in Monaco, Monaco is approximately $7,000 per month for a single person. This includes rent, groceries, local transport, and utilities. Compared to New York City (index 100), Monaco has a cost index of 145, making it around 45% more expensive.
Rent and Housing
Renting a one-bedroom apartment outside the city center in Monaco costs around $4,000/month, while a one-bedroom in the center is approximately $5,000/month. A three-bedroom apartment in the center averages $12,000/month. The rent index is 175 compared to New York City.
Quality of Life and Safety
Monaco scores 90/100 on the quality of life index and 92/100 on safety. Healthcare is rated 95/100. The climate index is 86/100. These scores are based on factors including infrastructure, pollution levels, healthcare access, and crime rates reported by residents and contributors.
Salaries and Purchasing Power
The average net salary in Monaco is approximately $8,000/month. With a purchasing power index of 130/100, residents can cover basic expenses and save modestly. The local currency is EUR, though all prices on this page are displayed in USD for easy international comparison.
Cost of Living vs Salary in Monaco
The average monthly salary in Monaco is approximately $8,000. Compared with the average monthly living cost of $7,000, residents generally enjoy a purchasing power score of 130/100.
Healthcare Costs in Monaco
Healthcare quality in Monaco is rated 95/100. Medical expenses vary depending on insurance coverage and healthcare providers, but overall healthcare access remains an important factor when evaluating the total cost of living.
Quality of Life in Monaco
Monaco has a quality of life score of 90/100, supported by factors such as healthcare, safety, climate, purchasing power, infrastructure, and public services.
Cost of Living for Students in Monaco
Students living in Monaco should budget for accommodation, food, transportation, internet, and study-related expenses. Shared housing and student discounts can significantly reduce monthly costs.
Cost of Living for Expats in Monaco
Expats moving to Monaco often consider rent, healthcare, transportation, taxation, and lifestyle costs. Worldlivingcost data helps compare living expenses with other cities worldwide before relocation.
Quick Answer
The average cost of living in Monaco, Monaco is approximately $7,000 per month for a single person including rent, groceries, transportation, utilities and healthcare. The city's cost index is 145 compared with New York City (100).
Living in Monaco
Living in Monaco offers a balance between housing costs, transportation expenses, healthcare access and overall quality of life. The city has a cost of living index of 145 and a quality of life score of 90/100. Residents spend most of their monthly budget on housing, groceries and transportation, while local salaries average $8,000 per month. For expats, students, remote workers and families, Monaco provides a useful benchmark when comparing living costs with other cities in Monaco and around the world.
Key Facts About Monaco
- Average Monthly Cost: $7,000
- Cost Index: 145
- Rent Index: 175
- Average Salary: $8,000
- Quality of Life: 90/100
- Safety Score: 92/100
- Country: Monaco
- Currency: EUR
Is Monaco Expensive?
Monaco has a cost index of 145 compared with New York City's benchmark score of 100. This means it is more expensive than many major international cities.
How does Monaco compare to other cities?
Monaco is located in Europe with a population of approximately 0.036M. At a cost index of 145 (NYC = 100), it is one of the more expensive cities globally. Use the free comparison tool to see how Monaco stacks up against any other city worldwide across rent, groceries, transport, and salaries.
Frequently Asked Questions
What is the cost of living in Monaco?
The average cost of living in Monaco, Monaco is approximately $7,000 per month for a single person, including rent, food, transportation, and utilities. The cost index is 145 relative to New York City (NYC = 100).
How much does rent cost in Monaco?
Rent in Monaco varies by neighborhood and apartment size. The rent index is 175 (NYC=100). Use Worldlivingcost's city comparison tool to see detailed rent prices for Monaco alongside other cities worldwide.
Is Monaco expensive to live in?
Monaco has a cost index of 145 compared to New York City (100). At 145, Monaco is on the more expensive side globally. The average monthly budget for a single person is around $7,000.
What is the quality of life in Monaco?
Monaco has a quality of life index of 90/100 and a safety index of 92/100. The city is located in Europe and offers a excellent quality of life rating based on factors including safety, healthcare, climate, and infrastructure.
How does the cost of living in Monaco compare to other cities?
Use Worldlivingcost's free comparison tool to compare Monaco with any city worldwide. Monaco's cost index is 145 (NYC=100), making it more expensive than New York. Compare rent, groceries, transport, healthcare, and salaries side by side.
Can you live comfortably in Monaco?
Many residents live comfortably in Monaco with a monthly budget of around $7,000 depending on lifestyle and housing choices.
Is Monaco good for expats?
Monaco is popular among expats due to its job opportunities, quality of life, and infrastructure.
What salary is needed in Monaco?
A salary above the average monthly living cost of $7,000 is generally sufficient for a comfortable lifestyle in Monaco.
Is Monaco cheaper than New York?
No, Monaco has a cost index of 145 compared with New York City's benchmark index of 100.
What are the biggest expenses in Monaco?
Housing, rent, groceries, transportation, and healthcare are typically the largest monthly expenses in Monaco.
Best Time & Tips to Save Money in Monaco
Cheapest Ways to Live in Monaco
Newcomers looking to reduce their monthly budget in Monaco typically save the most on housing by choosing accommodation outside the city center, where rent runs close to $4,000/month compared to $5,000/month in the center. Cooking at home instead of dining out, using public transport instead of taxis, and sharing an apartment with roommates are the most effective ways to cut living expenses in Monaco, Monaco.
Is Monaco Worth Moving To?
With a purchasing power index of 130/100 and a quality of life score of 90/100, Monaco is considered a highly desirable relocation destination with strong infrastructure and services. Combined with a cost index of 145 relative to New York City, Monaco remains a popular search term among people comparing the cost of living Monaco has to offer against other destinations in Europe.
Monaco Cost of Living FAQ Summary
People searching for "cost of living in Monaco", "Monaco monthly expenses 2026", and "is Monaco affordable" can use this page as a complete reference. With an average monthly cost of $7,000, a safety score of 92/100, and healthcare rated 95/100, Monaco offers a data-backed answer for expats, digital nomads, students, and families planning a move to Monaco.
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Last reviewed: 7/4/2026