Cost of living comparison
Monaco is 3.7 times more expensive than Italy.
If you lived in Monaco instead of Italy, you would:
pay 3.2 times more for restaurants
|
Italy
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$16.15
€15.38
|
$36.21
€34.48
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.06
€9.58
|
$11.32
€10.77
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.55
€2.43
|
$5.61
€5.34
|
|
| Bottle of water (11 fl. oz) |
$1.22
€1.16
|
$8.77
€8.35
|
|
pay 2.2 times more for groceries
|
Italy
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.04
€1.94
|
$5.69
€5.42
|
|
| Local cheese (8 oz) |
$6.83
€6.51
|
$11.39
€10.84
|
|
| Milk (1 gallon) |
$5.53
€5.27
|
$8.62
€8.21
|
|
|
Eggs
1 dozen
|
$3.41
€3.24
|
$5.55
€5.28
|
|
| Boneless chicken breast (1 lb) |
$5.05
€4.81
|
$8.45
€8.04
|
|
| Apples (1 lb) |
$0.97
€0.92
|
$2.57
€2.45
|
|
| Bananas (1 lb) |
$0.85
€0.81
|
$2.47
€2.35
|
|
| Oranges (1 lb) |
$1.04
€0.99
|
$1.98
€1.88
|
|
| Tomatoes (1 lb) |
$1.31
€1.25
|
$2.92
€2.78
|
|
| Potatoes (1 lb) |
$0.76
€0.72
|
$1.69
€1.61
|
|
| Onions (1 lb) |
$0.71
€0.68
|
$2.02
€1.93
|
|
pay 20.8% more for transportation
|
Italy
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.22
€6.88
|
$8.68
€8.26
|
|
| Monthly public transit pass |
$38.81
€36.95
|
$29.74
€28.32
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$28,223.13
€26,874.07
|
$49,160.43
€46,810.57
|
|
| Taxi trip in downtown area (5 miles) |
$19.13
€18.22
|
$21.44
€20.41
|
|
pay 8.2 times more for housing
|
Italy
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$28.87
€27.49
|
$110.93
€105.63
|
|
| 1-Bedroom apartment in downtown area |
$656.19
€624.82
|
$9,401.30
€8,951.92
|
|
| 1-Bedroom apartment outside city center |
$511.91
€487.44
|
$6,591.34
€6,276.28
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$150.39
€143.20
|
$292.40
€278.42
|
|
pay 4.3 times more for childcare
|
Italy
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$508.72
€484.40
|
$2,759.79
€2,627.87
|
|
| Middle school for 1 child, two semesters |
$9,465.55
€9,013.09
|
$29,406.50
€28,000.87
|
|
pay 3.8 times more for entertainment and sports
|
Italy
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.01
€4.77
|
$9.11
€8.67
|
|
| Cappuccino in mid-range area |
$1.69
€1.61
|
$6.29
€5.99
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.20
€5.90
|
$12.06
€11.48
|
|
| Monthly membership at local gym |
$52.12
€49.63
|
$512.44
€487.94
|
|
| Movie ticket to theater/cinema |
$9.39
€8.94
|
$15.00
€14.29
|
|
pay 2.7 times more for clothing
|
Italy
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$78.41
€74.66
|
$194.39
€185.10
|
|
|
Regular dress
from H&M or similar store
|
$33.87
€32.25
|
$75.16
€71.56
|
|
|
Running shoes
Nike or Adidas
|
$86.07
€81.95
|
$203.37
€193.65
|
|
| Men's business shoes (leather) |
$115.43
€109.91
|
$446.93
€425.56
|
|
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