Cost of living comparison
Monaco is 2.6 times more expensive than Faroe Islands overall.
- Restaurants
-
pay 90.5% more in Monaco
- Groceries
-
pay 75.7% more in Monaco
- Transportation
-
pay 19.3% more in Monaco
- Housing
-
pay 6.3 times more in Monaco
- Entertainment and Sports
-
pay 2.9 times more in Monaco
- Clothing
-
pay 62.1% more in Monaco
The cost of housing, entertainment and sports, restaurants, groceries, clothing, and transportation in Monaco are more expensive than in Faroe Islands. Notably, housing, entertainment and sports, and restaurants are significantly more expensive in Monaco.
If you lived in Monaco instead of Faroe Islands, you would:
pay 90.5% more for restaurants
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.84
DKK155.44
|
$36.21
€33.04
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK131.72
|
$11.32
€10.32
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK20.52
|
$5.61
€5.12
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK16.63
|
$8.77
€8.00
|
|
pay 75.7% more for groceries
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK49.03
|
$5.69
€5.20
|
|
| Local cheese (8 oz) |
$5.63
DKK38.29
|
$11.39
€10.39
|
|
| Milk (1 gallon) |
$8.02
DKK54.58
|
$8.62
€7.87
|
|
|
Eggs
1 dozen
|
$4.78
DKK32.54
|
$5.55
€5.06
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK39.94
|
$8.45
€7.71
|
|
| Apples (1 lb) |
$0.98
DKK6.66
|
$2.57
€2.35
|
|
| Bananas (1 lb) |
$1.17
DKK7.99
|
$2.47
€2.25
|
|
| Oranges (1 lb) |
$1.30
DKK8.87
|
$1.98
€1.80
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.32
|
$2.92
€2.67
|
|
| Potatoes (1 lb) |
$1.17
DKK7.99
|
$1.69
€1.54
|
|
| Onions (1 lb) |
$1.43
DKK9.76
|
$2.02
€1.85
|
|
pay 19.3% more for transportation
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK49.49
|
$8.68
€7.92
|
|
| Monthly public transit pass | ?? |
$29.74
€27.14
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$49,160.43
€44,855.75
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$21.44
€19.56
|
|
pay 6.3 times more for housing
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK415.77
|
$110.93
€101.21
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,345.55
|
$9,401.30
€8,578.08
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,380.52
|
$6,591.34
€6,014.18
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK640.25
|
$292.40
€266.80
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$2,759.79
€2,518.13
|
|
| Middle school for 1 child, two semesters | ?? |
$29,406.50
€26,831.55
|
pay 2.9 times more for entertainment and sports
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK58.70
|
$9.11
€8.31
|
|
| Cappuccino in mid-range area |
$6.11
DKK41.58
|
$6.29
€5.74
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK68.48
|
$12.06
€11.00
|
|
| Monthly membership at local gym |
$50.02
DKK340.44
|
$512.44
€467.57
|
|
| Movie ticket to theater/cinema |
$15.09
DKK102.72
|
$15.00
€13.69
|
|
pay 62.1% more for clothing
|
Faroe Islands
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK961.65
|
$194.39
€177.37
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK342.40
|
$75.16
€68.58
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK994.58
|
$203.37
€185.56
|
|
| Men's business shoes (leather) |
$201.22
DKK1,369.59
|
$446.93
€407.79
|
|
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