Cost of living comparison
Monaco is 12.1 times more expensive than Ghana overall.
- Restaurants
-
pay 14.2 times more in Monaco
- Groceries
-
pay 3.0 times more in Monaco
- Transportation
-
pay 2.8 times more in Monaco
- Housing
-
pay 21.1 times more in Monaco
- Childcare
-
pay 26.4 times more in Monaco
- Entertainment and Sports
-
pay 8.2 times more in Monaco
- Clothing
-
pay 9.0 times more in Monaco
The cost of childcare, housing, restaurants, clothing, entertainment and sports, and groceries in Monaco are more expensive than in Ghana. Notably, childcare, housing, and restaurants are significantly more expensive in Monaco.
If you lived in Monaco instead of Ghana, you would:
pay 14.2 times more for restaurants
|
Ghana
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.70
GHS54.27
|
$36.21
€35.12
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.51
GHS80.85
|
$11.32
€10.97
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.59
GHS8.72
|
$5.61
€5.44
|
|
| Bottle of water (11 fl. oz) |
$0.25
GHS3.61
|
$8.77
€8.50
|
|
pay 3.0 times more for groceries
|
Ghana
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS22.33
|
$5.69
€5.52
|
|
| Local cheese (8 oz) |
$3.18
GHS46.63
|
$11.39
€11.04
|
|
| Milk (1 gallon) |
$8.96
GHS131.52
|
$8.62
€8.36
|
|
|
Eggs
1 dozen
|
$2.21
GHS32.37
|
$5.55
€5.38
|
|
| Boneless chicken breast (1 lb) |
$2.08
GHS30.52
|
$8.45
€8.19
|
|
| Apples (1 lb) |
$1.01
GHS14.84
|
$2.57
€2.49
|
|
| Bananas (1 lb) |
$0.48
GHS7.10
|
$2.47
€2.40
|
|
| Oranges (1 lb) |
$0.59
GHS8.72
|
$1.98
€1.92
|
|
| Tomatoes (1 lb) |
$1.04
GHS15.28
|
$2.92
€2.84
|
|
| Potatoes (1 lb) |
$0.98
GHS14.38
|
$1.69
€1.64
|
|
| Onions (1 lb) |
$0.73
GHS10.75
|
$2.02
€1.96
|
|
pay 2.8 times more for transportation
|
Ghana
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.23
GHS62.11
|
$8.68
€8.41
|
|
| Monthly public transit pass |
$26.38
GHS387.19
|
$29.74
€28.84
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS117,411.41
|
$49,160.43
€47,675.35
|
|
| Taxi trip in downtown area (5 miles) |
$10.74
GHS157.60
|
$21.44
€20.79
|
|
pay 21.1 times more for housing
|
Ghana
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$43.21
GHS634.18
|
$110.93
€107.58
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,204.28
|
$9,401.30
€9,117.29
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,646.00
|
$6,591.34
€6,392.23
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.41
GHS519.73
|
$292.40
€283.57
|
|
pay 26.4 times more for childcare
|
Ghana
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS836.78
|
$2,759.79
€2,676.42
|
|
| Middle school for 1 child, two semesters |
$6,571.37
GHS96,444.18
|
$29,406.50
€28,518.16
|
|
pay 8.2 times more for entertainment and sports
|
Ghana
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
GHS13.91
|
$9.11
€8.83
|
|
| Cappuccino in mid-range area |
$1.69
GHS24.74
|
$6.29
€6.10
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS17.56
|
$12.06
€11.69
|
|
| Monthly membership at local gym |
$32.36
GHS474.87
|
$512.44
€496.96
|
|
| Movie ticket to theater/cinema |
$9.33
GHS136.95
|
$15.00
€14.55
|
|
pay 9.0 times more for clothing
|
Ghana
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS218.31
|
$194.39
€188.52
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS295.02
|
$75.16
€72.89
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS480.03
|
$203.37
€197.22
|
|
| Men's business shoes (leather) |
$34.57
GHS507.30
|
$446.93
€433.42
|
|
Change currency:
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Monaco or Ghana. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.