Cost of Living in Monaco

Last updated on Aug 06, 2023

Summary: The cost of living in Monaco is quite high. A nice one bedroom apartment in Monaco can cost anywhere from $2,000 to $4,000 per month, while a nice two bedroom apartment can cost anywhere from $3,000 to $6,000 per month. The cost of dinner at a moderately priced restaurant in Monaco can range from $30 to $50 per person.

Is the cost of living in Monaco high?

We asked people how much they someone comfortably live on in Monaco, they wrote:

"The cost of living in Monaco is generally considered to be high. Prices for basic goods and services, such as groceries, transportation, and housing, are significantly higher than in many other countries. Monaco is known for its luxury lifestyle, and this is reflected in the cost of living. Eating out, entertainment, and other leisure activities can be expensive, but there are also many affordable options available," said one expat in Monaco.

Answer this Question

GeoBlue
Get Quote

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!

GeoBlue

GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote

Will I save money living in Monaco?

Please login to continue reading this article.

Not a member? Join Today (it's free).

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.