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Cost of Living
Cost Breakdown
Category | Notes | |
---|---|---|
🏠 Housing |
$4,500.00
$12,000.00
$600.00
|
Per day for short-term rentals in central Monaco Ville |
🔌 Utilities |
$250.00
$350.00
$0.00
|
Included in accommodation |
📶 Internet & Mobile |
$60.00
$100.00
$10.00
|
Prepaid SIM and Wi-Fi access |
🛒 Groceries |
$600.00
$1,200.00
$20.00
|
Light grocery purchases or snacks |
🚗 Transportation |
$80.00
$150.00
$15.00
|
Public transport and occasional taxi |
🍽️ Dining Out |
$300.00
$1,200.00
$80.00
|
Mostly restaurants, 3 meals/day |
🎟️ Leisure Activities |
$150.00
$400.00
$40.00
|
Museums, events, and entertainment |
🏥 Health Insurance |
$200.00
$600.00
$0.00
|
Usually covered by travel insurance |
📝 Visa & Legal Fees |
$0.00
$100.00
$0.00
|
One-time or annual fees, tourists exempt |
Total |
$6,140.00
$16,100.00
$765.00
|
Local Resident: Basic but comfortable lifestyle for a local salary. Cooking most meals at home with occasional local restaurants (2-3x/month). Local brands and services.
Digital Nomad: Western standard of living with imported goods/services. Regular dining out at mid-range to upscale restaurants (3-4x/week). Mix of local and imported products.
Tourist: Daily costs for comfortable short-term stays. Eating most meals at restaurants, using tourist-oriented services and accommodations.
Individual Item Costs
🏢 Apartment (1 bedroom)
$4,500.00
Varies by neighborhood. Monaco Ville is among the most expensive areas; city center tends to be 20-30% higher.
per month
☕ Coffee
$5.50
Specialty coffee shops dominate; local cafes might offer slightly cheaper options around $4.00.
per cup
🍺 Beer
$9.00
Imported and craft beers are common, pushing prices higher than average European cities.
per pint
🍽️ Meal (Inexpensive)
$25.00
Inexpensive meals are still costly due to Monaco's luxury market; casual dining spots may offer deals.
per meal
🍔 Fast Food Combo
$15.00
Fast food chains are present but pricier than average due to location.
per meal