Cost of living comparison
Monaco is 2.6 times more expensive than Canada.
If you lived in Monaco instead of Canada, you would:
pay 2.7 times more for restaurants
|
Canada
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.50
CA$23.04
|
$40.07
€36.85
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.99
CA$13.96
|
$11.16
€10.27
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.03
CA$2.84
|
$5.85
€5.38
|
|
| Bottle of water (11 fl. oz) |
$1.66
CA$2.32
|
$7.58
€6.97
|
|
pay 60.0% more for groceries
|
Canada
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.50
CA$3.50
|
$5.05
€4.65
|
|
| Local cheese (8 oz) |
$5.43
CA$7.58
|
$10.83
€9.96
|
|
| Milk (1 gallon) |
$7.95
CA$11.10
|
$8.71
€8.01
|
|
|
Eggs
1 dozen
|
$3.36
CA$4.69
|
$4.52
€4.16
|
|
| Boneless chicken breast (1 lb) |
$5.29
CA$7.39
|
$6.49
€5.97
|
|
| Apples (1 lb) |
$1.84
CA$2.57
|
$1.88
€1.73
|
|
| Bananas (1 lb) |
$0.64
CA$0.90
|
$2.25
€2.07
|
|
| Oranges (1 lb) |
$1.57
CA$2.19
|
$1.66
€1.53
|
|
| Tomatoes (1 lb) |
$1.79
CA$2.50
|
$2.46
€2.27
|
|
| Potatoes (1 lb) |
$1.18
CA$1.65
|
$1.71
€1.57
|
|
| Onions (1 lb) |
$1.18
CA$1.65
|
$1.78
€1.63
|
|
pay 42.7% more for transportation
|
Canada
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.40
CA$6.14
|
$8.77
€8.06
|
|
| Monthly public transit pass |
$68.18
CA$95.23
|
$30.05
€27.64
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$25,034.05
CA$34,966.31
|
$49,675.27
€45,680.53
|
|
| Taxi trip in downtown area (5 miles) |
$16.78
CA$23.44
|
$21.66
€19.92
|
|
pay 3.2 times more for housing
|
Canada
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.83
CA$87.76
|
$88.99
€81.83
|
|
| 1-Bedroom apartment in downtown area |
$1,250.12
CA$1,746.11
|
$6,575.69
€6,046.89
|
|
| 1-Bedroom apartment outside city center |
$1,146.12
CA$1,600.85
|
$4,417.00
€4,061.80
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$119.78
CA$167.31
|
$269.58
€247.90
|
|
pay 3.1 times more for childcare
|
Canada
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$744.16
CA$1,039.40
|
$2,788.69
€2,564.43
|
|
| Middle school for 1 child, two semesters |
$12,218.47
CA$17,066.14
|
$29,714.46
€27,324.91
|
|
pay 3.5 times more for entertainment and sports
|
Canada
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.30
CA$7.40
|
$8.93
€8.22
|
|
| Cappuccino in mid-range area |
$3.57
CA$4.98
|
$4.85
€4.46
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.99
CA$18.15
|
$12.18
€11.20
|
|
| Monthly membership at local gym |
$43.10
CA$60.20
|
$517.80
€476.16
|
|
| Movie ticket to theater/cinema |
$11.26
CA$15.73
|
$15.16
€13.94
|
|
pay 2.8 times more for clothing
|
Canada
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.23
CA$77.14
|
$156.40
€143.82
|
|
|
Regular dress
from H&M or similar store
|
$39.78
CA$55.56
|
$65.34
€60.09
|
|
|
Running shoes
Nike or Adidas
|
$86.57
CA$120.91
|
$188.26
€173.12
|
|
| Men's business shoes (leather) |
$103.81
CA$144.99
|
$451.61
€415.29
|
|
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