Cost of living comparison
Monaco is 56.6% more expensive than Bermuda overall.
- Restaurants
-
pay 52.5% more in Monaco
- Groceries
-
pay 25.8% less in Monaco
- Transportation
-
pay 14.0% less in Monaco
- Housing
-
pay 2.2 times more in Monaco
- Childcare
-
pay 64.4% more in Monaco
- Entertainment and Sports
-
pay 64.4% more in Monaco
- Clothing
-
pay 2.3 times more in Monaco
The cost of clothing, housing, childcare, entertainment and sports, and restaurants in Monaco are more expensive than in Bermuda. Expenses including groceries and transportation are lower in Monaco. Notably, clothing and housing are significantly more expensive in Monaco.
If you lived in Monaco instead of Bermuda, you would:
pay 52.5% more for restaurants
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$50.00
BMD50.00
|
$36.21
€31.88
|
|
|
Fast food combo meal
McDonalds, or similar
|
$15.00
BMD15.00
|
$11.32
€9.96
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
BMD3.30
|
$5.61
€4.94
|
|
| Bottle of water (11 fl. oz) |
$3.00
BMD3.00
|
$8.77
€7.72
|
|
pay 25.8% less for groceries
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$8.28
BMD8.28
|
$5.69
€5.01
|
|
| Local cheese (8 oz) |
$6.63
BMD6.63
|
$11.39
€10.03
|
|
| Milk (1 gallon) |
$17.06
BMD17.06
|
$8.62
€7.59
|
|
|
Eggs
1 dozen
|
$7.24
BMD7.24
|
$5.55
€4.88
|
|
| Boneless chicken breast (1 lb) |
$11.11
BMD11.11
|
$8.45
€7.44
|
|
| Apples (1 lb) |
$4.68
BMD4.68
|
$2.57
€2.26
|
|
| Bananas (1 lb) |
$2.88
BMD2.88
|
$2.47
€2.18
|
|
| Oranges (1 lb) |
$4.48
BMD4.48
|
$1.98
€1.74
|
|
| Tomatoes (1 lb) |
$4.31
BMD4.31
|
$2.92
€2.57
|
|
| Potatoes (1 lb) |
$4.04
BMD4.04
|
$1.69
€1.49
|
|
| Onions (1 lb) |
$2.60
BMD2.60
|
$2.02
€1.78
|
|
pay 14.0% less for transportation
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.54
BMD8.54
|
$8.68
€7.64
|
|
| Monthly public transit pass |
$68.50
BMD68.50
|
$29.74
€26.19
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,000.00
BMD35,000.00
|
$49,160.43
€43,282.67
|
|
| Taxi trip in downtown area (5 miles) |
$36.61
BMD36.61
|
$21.44
€18.87
|
|
pay 2.2 times more for housing
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$130.94
BMD130.94
|
$110.93
€97.66
|
|
| 1-Bedroom apartment in downtown area |
$3,195.45
BMD3,195.45
|
$9,401.30
€8,277.25
|
|
| 1-Bedroom apartment outside city center |
$1,958.33
BMD1,958.33
|
$6,591.34
€5,803.26
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$168.39
BMD168.39
|
$292.40
€257.44
|
|
pay 64.4% more for childcare
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$1,320.00
BMD1,320.00
|
$2,759.79
€2,429.82
|
|
| Middle school for 1 child, two semesters |
$24,571.43
BMD24,571.43
|
$29,406.50
€25,890.57
|
|
pay 64.4% more for entertainment and sports
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.50
BMD9.50
|
$9.11
€8.02
|
|
| Cappuccino in mid-range area |
$5.44
BMD5.44
|
$6.29
€5.54
|
|
|
Pack of cigarettes
Marlboro or similar
|
$17.62
BMD17.62
|
$12.06
€10.62
|
|
| Monthly membership at local gym |
$120.17
BMD120.17
|
$512.44
€451.17
|
|
| Movie ticket to theater/cinema |
$13.00
BMD13.00
|
$15.00
€13.21
|
|
pay 2.3 times more for clothing
|
Bermuda
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$63.75
BMD63.75
|
$194.39
€171.15
|
|
|
Regular dress
from H&M or similar store
|
$70.00
BMD70.00
|
$75.16
€66.17
|
|
|
Running shoes
Nike or Adidas
|
$134.00
BMD134.00
|
$203.37
€179.05
|
|
| Men's business shoes (leather) |
$122.60
BMD122.60
|
$446.93
€393.49
|
|
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