Cost of living comparison
Monaco is 2.4 times more expensive than Gibraltar.
If you lived in Monaco instead of Gibraltar, you would:
pay 98.9% more for restaurants
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.66
GIP16.38
|
$20.90
€19.82
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.98
GIP8.70
|
$12.33
€11.69
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.15
GIP1.71
|
$4.67
€4.43
|
|
| Bottle of water (11 fl. oz) |
$1.94
GIP1.54
|
$7.08
€6.71
|
|
pay 32.0% more for groceries
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.78
GIP1.41
|
$6.56
€6.23
|
|
| Local cheese (8 oz) |
$4.65
GIP3.68
|
$8.04
€7.62
|
|
| Milk (1 gallon) |
$8.40
GIP6.66
|
$7.10
€6.73
|
|
|
Eggs
1 dozen
|
$3.80
GIP3.01
|
$3.56
€3.37
|
|
| Boneless chicken breast (1 lb) |
$3.99
GIP3.16
|
$4.76
€4.51
|
|
| Apples (1 lb) |
$1.83
GIP1.45
|
$2.07
€1.96
|
|
| Bananas (1 lb) |
$1.61
GIP1.28
|
$1.22
€1.15
|
|
| Oranges (1 lb) |
$1.86
GIP1.47
|
$1.22
€1.15
|
|
| Tomatoes (1 lb) |
$1.76
GIP1.39
|
$1.80
€1.70
|
|
| Potatoes (1 lb) |
$1.05
GIP0.83
|
$0.95
€0.90
|
|
| Onions (1 lb) |
$0.88
GIP0.70
|
$1.46
€1.38
|
|
pay 62.9% more for transportation
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.96
GIP4.72
|
$8.55
€8.11
|
|
| Monthly public transit pass |
$8.33
GIP6.60
|
$23.58
€22.36
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$31,804.11
GIP25,205.36
|
$46,276.05
€43,886.45
|
|
| Taxi trip in downtown area (5 miles) |
$25.57
GIP20.27
|
$20.36
€19.31
|
|
pay 3.2 times more for housing
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$54.78
GIP43.42
|
$61.09
€57.94
|
|
| 1-Bedroom apartment in downtown area |
$1,685.73
GIP1,335.97
|
$8,084.96
€7,667.47
|
|
| 1-Bedroom apartment outside city center |
$1,569.58
GIP1,243.92
|
$6,430.58
€6,098.52
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$87.28
GIP69.17
|
$235.04
€222.90
|
|
pay 2.6 times more for childcare
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$825.15
GIP653.95
|
$2,089.94
€1,982.02
|
|
| Middle school for 1 child, two semesters |
$15,498.45
GIP12,282.82
|
$42,736.55
€40,529.72
|
|
pay 2.9 times more for entertainment and sports
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.17
GIP4.09
|
$8.57
€8.13
|
|
| Cappuccino in mid-range area |
$3.14
GIP2.49
|
$6.62
€6.28
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.65
GIP3.68
|
$13.40
€12.71
|
|
| Monthly membership at local gym |
$76.95
GIP60.99
|
$515.79
€489.15
|
|
| Movie ticket to theater/cinema |
$10.98
GIP8.70
|
$12.86
€12.20
|
|
pay 3.0 times more for clothing
|
Gibraltar
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$128.35
GIP101.72
|
$174.43
€165.42
|
|
|
Regular dress
from H&M or similar store
|
$42.78
GIP33.91
|
$75.29
€71.40
|
|
|
Running shoes
Nike or Adidas
|
$130.95
GIP103.78
|
$219.18
€207.86
|
|
| Men's business shoes (leather) |
$86.10
GIP68.24
|
$625.91
€593.59
|
|
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