Cost of living comparison
Monaco is 2.8 times more expensive than Madrid.
If you lived in Monaco instead of Madrid, you would:
pay 2.1 times more for restaurants
|
Madrid
|
Monaco
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$15.16
€13.94
|
$25.99
€23.90
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.32
€9.49
|
$10.83
€9.96
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.71
€2.49
|
$5.09
€4.68
|
|
| Bottle of water (11 fl. oz) |
$1.81
€1.66
|
$7.15
€6.58
|
|
pay 51.4% more for groceries
|
Madrid
|
Monaco
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.74
€1.60
|
$5.23
€4.81
|
|
| Local cheese (8 oz) |
$7.67
€7.05
|
$8.12
€7.47
|
|
| Milk (1 gallon) |
$4.36
€4.01
|
$7.17
€6.60
|
|
|
Eggs
1 dozen
|
$3.02
€2.77
|
$3.60
€3.31
|
|
| Boneless chicken breast (1 lb) |
$3.87
€3.56
|
$4.81
€4.42
|
|
| Apples (1 lb) |
$1.14
€1.05
|
$1.15
€1.05
|
|
| Bananas (1 lb) |
$0.89
€0.82
|
$1.23
€1.13
|
|
| Oranges (1 lb) |
$0.97
€0.89
|
$1.23
€1.13
|
|
| Tomatoes (1 lb) |
$1.13
€1.04
|
$1.82
€1.67
|
|
| Potatoes (1 lb) |
$0.72
€0.67
|
$0.96
€0.88
|
|
| Onions (1 lb) |
$0.77
€0.71
|
$1.47
€1.35
|
|
pay 10.3% more for transportation
|
Madrid
|
Monaco
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.78
€6.24
|
$8.64
€7.94
|
|
| Monthly public transit pass |
$54.15
€49.79
|
$23.83
€21.91
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$36,133.87
€33,228.09
|
$46,760.68
€43,000.32
|
|
| Taxi trip in downtown area (5 miles) |
$14.65
€13.47
|
$20.58
€18.92
|
|
pay 4.1 times more for housing
|
Madrid
|
Monaco
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$33.64
€30.93
|
$61.73
€56.77
|
|
| 1-Bedroom apartment in downtown area |
$1,370.72
€1,260.49
|
$8,169.63
€7,512.66
|
|
| 1-Bedroom apartment outside city center |
$989.21
€909.66
|
$6,497.92
€5,975.38
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$123.32
€113.40
|
$237.50
€218.40
|
|
pay 4.1 times more for childcare
|
Madrid
|
Monaco
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$543.23
€499.54
|
$2,111.82
€1,942.00
|
|
| Middle school for 1 child, two semesters |
$9,978.95
€9,176.48
|
$43,184.11
€39,711.38
|
|
pay 3.7 times more for entertainment and sports
|
Madrid
|
Monaco
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.79
€3.49
|
$8.12
€7.47
|
|
| Cappuccino in mid-range area |
$2.63
€2.41
|
$5.67
€5.21
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.12
€5.63
|
$13.54
€12.45
|
|
| Monthly membership at local gym |
$48.46
€44.57
|
$521.19
€479.28
|
|
| Movie ticket to theater/cinema |
$10.83
€9.96
|
$13.00
€11.95
|
|
pay 3.1 times more for clothing
|
Madrid
|
Monaco
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$83.95
€77.20
|
$162.81
€149.72
|
|
|
Regular dress
from H&M or similar store
|
$33.93
€31.20
|
$65.34
€60.09
|
|
|
Running shoes
Nike or Adidas
|
$87.19
€80.18
|
$187.00
€171.96
|
|
| Men's business shoes (leather) |
$99.93
€91.90
|
$632.46
€581.60
|
|
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