{"id":28323,"date":"2025-08-07T16:13:53","date_gmt":"2025-08-07T14:13:53","guid":{"rendered":"https:\/\/www.foyerglobalhealth.com\/?post_type=destinationcpt&p=28323"},"modified":"2025-12-09T14:26:04","modified_gmt":"2025-12-09T13:26:04","slug":"the-cost-of-living-in-monaco","status":"publish","type":"destinationcpt","link":"https:\/\/globalhealth.insurance\/destination\/the-cost-of-living-in-monaco\/","title":{"rendered":"The cost of living in Monaco"},"content":{"rendered":"\n

Are you thinking of moving to Monaco after a trip that left a lasting impression on you, or for professional opportunities? Thousands of expats have made the same choice, attracted by the Monegasque lifestyle.<\/p>\n\n\n\n

It’s normal to wonder how much you should budget, given that the Principality is known for its luxurious lifestyle. To help you with your expatriation project, here is a comprehensive guide to the cost of living in Monaco!<\/p>\n\n\n\n

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Overview of the average cost of living in Monaco<\/h2>\n\n\n\n

As a reminder, the Principality of Monaco is part of the eurozone and, as such, its official currency is the euro, abbreviated to EUR (\u20ac).<\/p>\n\n\n\n

According to Numbeo, a single person living in Monaco needs a monthly budget of around \u20ac7,800, while a family of four should expect to spend more than \u20ac23,000. These averages include rent and the main expenses (groceries, healthcare, transport, education, leisure, etc.).<\/p>\n\n\n\n

Service<\/strong><\/th>Price<\/strong><\/th><\/tr><\/thead>
National gross salary<\/td>\u20ac4,900\/month<\/td><\/tr>
Rent for a one-bedroom apartment in the city centre<\/td>\u20ac6,100<\/td><\/tr>
Purchase price of an apartment per square metre<\/td>\u20ac54,000<\/td><\/tr>
Petrol (1 litre)<\/td>\u20ac1.70<\/td><\/tr>
Mobile phone plan (calls + 10 GB of data)<\/td>\u20ac52<\/td><\/tr>
Meal for two in a mid-range restaurant<\/td>\u20ac140<\/td><\/tr>
Cinema ticket<\/td>\u20ac12<\/td><\/tr><\/tbody><\/table>
The above figures are provided for information purposes only. Source: <\/em>Monaco Tribune<\/em><\/a>, <\/em>Numbeo 2025<\/em><\/a>.<\/em><\/figcaption><\/figure>\n\n\n\n

Accommodation in Monaco<\/h2>\n\n\n\n

Everything that is rare is precious … and this saying has never been truer than when it comes to accommodation in Monaco. Monaco covers a total area of just 2 km\u00b2, which means that land is very limited<\/strong>. This pushes up rental and purchase prices, which are among the highest in the world.<\/p>\n\n\n\n

Unsurprisingly, housing is therefore the biggest expense in Monaco, accounting for over 60% of the monthly budget.<\/p>\n\n\n\n

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Renting property in Monaco<\/h2>\n\n\n\n
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Housing is the biggest expense in Monaco. And with good reason: renting a one-bedroom apartment in the city centre costs around \u20ac6,200 per month.<\/p>\n\n\n\n

The most luxurious neighbourhoods are obviously the most expensive, including Monte Carlo and its famous Carr\u00e9 d’Or, but also Larvotto, Fontvieille and, more recently, the new Mareterra district.<\/p>\n\n\n\n

It is possible to find a studio apartment of around 40 m\u00b2 for around \u20ac3,000 in certain areas.<\/p>\n\n\n\n

However, for larger properties, such as a three-bedroom apartment, you should expect to pay an average of \u20ac17,000 per month.<\/p>\n\n\n\n

For a large house or luxury villa, the budget can quickly exceed \u20ac100,000 per month.<\/p>\n<\/div>\n\n\n\n

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\"Cityscape<\/figure>\n<\/div>\n<\/div>\n\n\n\n
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What about the price per square metre?<\/h2>\n\n\n\n

The average price per square metre in Monaco is \u20ac54,000. This has made Monaco the place with the highest average price per square metre in the world for several years now.<\/p>\n\n\n\n

According to the latest figures from Statista, with \u20ac1 million, you can buy 17 square metres in Monaco. By way of comparison, with the same budget, you can get around 37 square metres in Switzerland, 70 square metres in Berlin or 100 square metres in Madrid.<\/p>\n\n\n\n

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Food prices in Monaco<\/h2>\n\n\n\n

Here are the prices of some basic food items in Monaco:<\/p>\n\n\n\n

Food<\/strong><\/th>Average price in Monaco<\/strong><\/th><\/tr><\/thead>
Milk (1 litre)<\/td>\u20ac1.80<\/td><\/tr>
Water (1.5 litres)<\/td>\u20ac6<\/td><\/tr>
Bread (500 g)<\/td>\u20ac4.65<\/td><\/tr>
Dozen eggs<\/td>\u20ac4.80<\/td><\/tr>
Local cheese (1 kg)<\/td>\u20ac15<\/td><\/tr>
Chicken fillets (1 kg)<\/td>\u20ac16.60<\/td><\/tr>
Meat (1 kg<\/td>\u20ac16.30<\/td><\/tr>
Potatoes (1 kg)<\/td>\u20ac4.10<\/td><\/tr>
Onions (1 kg)<\/td>\u20ac4.30<\/td><\/tr>
Tomatoes (1 kg)<\/td>\u20ac4.60<\/td><\/tr>
Apples (1 kg)<\/td>\u20ac4<\/td><\/tr>
Bananas (1 kg)<\/td>\u20ac5.30<\/td><\/tr>
Local beer (500 ml bottle)<\/td>\u20ac1.70<\/td><\/tr>
Imported beer (330 ml bottle)<\/td>\u20ac4<\/td><\/tr><\/tbody><\/table>
The above prices are indicative.<\/em><\/figcaption><\/figure>\n\n\n\n

Transport in Monaco<\/h2>\n\n\n\n

Bus<\/h3>\n\n\n\n

To take the bus in Monaco, expect to pay \u20ac2 for a single ticket and \u20ac20 for a 15-trip pass.<\/p>\n\n\n\n

Buses are operated by the Compagnie Autobus de Monaco (CAM) and offer several different passes. Feel free to check them out on the dedicated section of their official website: https:\/\/www.cam.mc\/tarifs<\/a><\/p>\n\n\n\n

Taxi<\/h3>\n\n\n\n

Taxi fares in Monaco are governed by a single price list. This sets the price at \u20ac18 for a journey within the Principality and \u20ac28 if you wish to book a taxi in advance.<\/p>\n\n\n\n

Car<\/h3>\n\n\n\n

Drivers can of course travel by car, with petrol costing \u20ac1.70 per litre.<\/p>\n\n\n\n

The Principality also promotes green mobility with Mobee<\/strong>, electric vehicles available through a smart car-sharing scheme. You can subscribe to the service for \u20ac15\/month with the following rates:<\/p>\n\n\n\n

Vehicle<\/strong><\/th>Price for subscribers<\/strong><\/th>Price for non-subscribers<\/strong><\/th><\/tr><\/thead>
Renault Twizy<\/td>\u20ac8.5<\/td>\u20ac17<\/td><\/tr>
Smart #1<\/td>\u20ac14<\/td>\u20ac28<\/td><\/tr>
Tesla Model 3<\/td>\u20ac23<\/td>\u20ac46<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Bicycle<\/h3>\n\n\n\n

If you have your own bike, it’s obviously 100% free. You can also opt for the MonaBike<\/strong> service, Mobee’s cycling alternative. You can rent an electric bike from one station to another at different rates:<\/p>\n\n\n\n