Cost of Living in Monaco
Tiny sovereign state; offers the world's highest density of millionaires and exclusive luxury living.
Explore the Wise accountWe apologize, but because we have limited data for this location, some prices are currently incomplete.
Grand Prix & casino glamour
Cliffside on the Riviera
Tax haven; ultra-prime real estate
Cost of living breakdown for Monaco
Housing
Standard of Living
Food & Drink
Monaco average costs for food and drink.
Salary & Services
Monaco average salaries and services.
Average living costs in Monaco
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £5,827.98 | £2,158.51 - £11,224.26 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £4,613.03 | £1,726.81 - £9,431.83 |
| 3 Bedroom Apartment in City CentreRent Per Month | £8,144.78 | £3,280.93 - £12,519.36 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £7,195.03 | £5,180.43 - £8,634.04 |
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Frequently asked questions
Public transport prices vary, but generally, a one-way ticket for local transport in Monaco costs £2. If you are commuting regularly, a monthly pass is typically priced at £19.
The average monthly net salary (after tax) in Monaco is currently £7,091.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Monaco costs approximately £22, while a three-course meal for two people at a mid-range restaurant costs around £130.
Rent prices in Monaco depend on location. The average monthly rent for a 1-bedroom apartment in a city centre is £5,828, compared to £4,613 outside the centre. For a 3-bedroom apartment, the average is £8,145 in city centres and £7,195 in suburban areas.
Basic utilities in Monaco (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £301 per month. Internet access typically adds another £51.