Last update: Oct 2026

Cost of Living Comparison Between Australia and Monaco

Name: Monaco
Address: MC

For one person, living is cheaper in Australia: $2,537 a month against $9,142 in Monaco, rent and utilities included – about $79,300 less a year. Rent and utilities account for most of the difference.

124

Cost of Living Index in Australia
Learn more

Australia Living Index
442

Cost of Living Index in Monaco
Learn more

Monaco Living Index

Jump to prices

🇦🇺 Australia

$2,537

/mo nomad

🇲🇨 Monaco

$9,142

/mo nomad

Monthly Cost of Living

How much you'll spend in Australia and in Monaco

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Australia and in Monaco actually costs, broken down by who's living it.

A single person spends $2,537 per month in Australia vs $9,142 in Monaco, rent included.

Australia $2,537
Monaco $9,142

A couple spends around $3,682 per month in Australia vs $12.0K in Monaco, rent included.

Australia $3,682
Monaco $12.0K

A family of three spends $4,828 per month in Australia vs $14.9K in Monaco, rent included.

Australia $4,828
Monaco $14.9K

The regional cost range is wider in Monaco ($8,081–$13.9K) than in Australia ($1,614–$3,182), so city choice matters more there.

The cost of living in Australia is roughly 72% lower than in Monaco on average.

Both Australia and Monaco are pricier than the global median – Australia by 89%, Monaco by 582%.

Meal at Budget Restaurant

$17.66 A$25.27

$28.01 €25.00

-36.95%

Three-Course Dinner for Two, Mid-Range

$82.8 A$118

$161 €144

-48.64%

Fast Food Meal (McDonalds, etc)

$11.22 A$16.05

$12.67 €11.31

-11.44%

Cappuccino

$3.85 A$5.51

$4.24 €3.78

-9.20%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.85 A$4.08

$5.88 €5.25

-51.53%

Water (0.33 liter bottle)

$2.37 A$3.39

$7.57 €6.75

-68.69%

Local Beer (0.5 liter draught)

$7.85 A$11.23

$10.24 €9.13

-23.34%

Imported Beer (0.33 liter bottle)

$8.49 A$12.16

$9.77 €8.72

-13.10%

Milk (1 liter)

$1.74 A$2.49

$1.85 €1.65

-5.95%

White Bread (500g)

$2.78 A$3.98

$4.50 €4.02

-38.22%

Rice (white) (1kg)

$2.21 A$3.16

$3.69 €3.30

-40.11%

Eggs

$5.06 A$7.25

$5.12 €4.57

-1.17%

Local Cheese (1kg)

$9.87 A$14.12

$17.98 €16.05

-45.11%

Chicken Fillets (1kg)

$8.95 A$12.80

$18.99 €16.95

-52.87%

Beef Round Steak (1kg)

$14.71 A$21.06

$22.45 €20.03

-34.48%

Apples (1kg)

$3.76 A$5.39

$3.80 €3.39

-1.05%

Banana (1kg)

$2.99 A$4.28

$6.01 €5.37

-50.25%

Oranges (1kg)

$3.10 A$4.43

$3.72 €3.32

-16.67%

Tomato (1kg)

$4.62 A$6.61

$6.13 €5.47

-24.63%

Potato (1kg)

$2.82 A$4.03

$4.74 €4.23

-40.51%

Onion (1kg)

$2.30 A$3.29

$4.95 €4.41

-53.54%

Lettuce (1 head)

$2.32 A$3.32

$3.63 €3.24

-36.09%

Water (1.5 liter bottle)

$1.71 A$2.44

$6.75 €6.03

-74.67%

Cigarettes 20 Pack (Marlboro, Camel)

$38.17 A$54.6

$15.54 €13.86

145.62%

Wine (Bottle)

$13.77 A$19.70

$7.70 €6.87

78.83%

Local Beer (0.5 liter bottle)

$4.91 A$7.02

$1.97 €1.76

149.24%

Imported Beer (0.33 liter bottle)

$5.02 A$7.19

$4.40 €3.92

14.09%

One-way Ticket (Public Transport)

$2.84 A$4.07

$2.26 €2.02

25.66%

Public Transport Monthly Pass (Regular Price)

$94.3 A$135

$24.42 €21.80

286.12%

Taxi Start (Normal Tariff)

$3.44 A$4.92

$5.44 €4.86

-36.76%

Taxi (Normal Tariff) (1km)

$1.59 A$2.28

$1.97 €1.75

-19.29%

Taxi 1hour Waiting (Normal Tariff)

$39.37 A$56.3

$99.3 €88.7

-60.37%

Gasoline (1 liter)

$1.31 A$1.88

$2.32 €2.07

-43.53%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$27.7K A$39.7K

$54.2K €48.4K

-48.85%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.1K A$40.2K

$50.7K €45.2K

-44.61%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$201 A$288

$403 €360

-50.11%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$28.45 A$40.72

$53.7 €47.88

-46.98%

Internet (50+ Mbps, Unlimited Data)

$57.4 A$82.2

$68.9 €61.4

-16.63%

Gym Membership (Monthly)

$56.7 A$81.1

$283 €252

-79.97%

Tennis Court (1 Hour on Weekend)

$19.28 A$27.60

$52.3 €46.70

-63.16%

Cinema Ticket

$15.07 A$21.56

$13.50 €12.05

11.63%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$2,116 A$3,028

$2,637 €2,353

-19.76%

International Primary School, 1 Child (Yearly)

$18.3K A$26.1K

$35.0K €31.2K

-47.77%

Jeans (Levis 501 Or Similar)

$79.5 A$114

$195 €174

-59.29%

Summer Dress (H&M, Zara, etc)

$54.9 A$78.5

$81.3 €72.6

-32.55%

Sport Shoes (Adidas, Nike)

$113 A$161

$193 €173

-41.79%

Men's Leather Business Shoes

$122 A$175

$586 €523

-79.18%

1-bedroom Apartment, City Center (Monthly)

$1,582 A$2,264

$9,331 €8,327

-83.04%

1-bedroom Apartment, Outside City Center (Monthly)

$1,225 A$1,753

$6,752 €6,026

-81.86%

3-bedroom Apartment, City Center (Monthly)

$2,409 A$3,447

$13.7K €12.2K

-82.44%

3-bedroom Apartment, Outside City Center (Monthly)

$1,911 A$2,734

$9,294 €8,294

-79.44%

Buy Apartment in City Center (m2)

$7,995 A$11.4K

$72.4K €64.7K

-88.96%

Buy Apartment Outside City Center (m2)

$5,968 A$8,541

$69.4K €61.9K

-91.40%

Average Monthly Net Salary (After Tax)

$3,926 A$5,619

$9,270 €8,272

-57.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.92

2.83

109.19%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Australia: October 4, 2026

Last update for Monaco: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Australia

$1.2K 48%

Monaco

$6.8K 74.1% 451% $5.5K

Groceries & Markets

Australia

$370 14.5%

Monaco

$569 6.2% 53.9% $199

Eating Out

Australia

$298 11.7%

Monaco

$437 4.8% 46.7% $139

Monthly Utilities & Internet

Australia

$287 11.3%

Monaco

$526 5.8% 83.2% $239

Clothing & Footwear

Australia

$166 6.5%

Monaco

$475 5.2% 186% $309

Getting Around

Australia

$117 4.6%

Monaco

$49 0.5% 58.4% $68

Sport & Entertainment

Australia

$87 3.4%

Monaco

$310 3.4% 257% $223

Cost Breakdown

Average rent: $1,371 in Australia vs $3,951 in Monaco. For reference, capital cities sit at $1,711 in Canberra and $9,011 in Monaco.

Average salary: $3,856 in Australia vs $9,240 in Monaco. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 188% higher in Monaco.

Dining out costs 82% more in Monaco.

Public transport is 162% more expensive in Australia.

Salaries are 140% higher in Monaco, and purchasing power comes out stronger in Australia.

Good to know

🇦🇺 Australia

🇲🇨 Monaco

🕒 Local time

22:06 10:06 PM

13:06 1:06 PM

9 h behind Australia

🌤 Weather

👥 Population

26,473,055

38,350

💱 Currency

Australian Dollar AUD $

Euro EUR €

📈 Exchange rate

1 AUD = 0.699 USD

1 AUD = 0.624 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to AUD – Australian Dollar Converter

🇺🇸 United States Dollar ($)

🇦🇺 Australian Dollar ($)

Australian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 AUD (1 AUD = 0.699 USD). 1 EUR = 1.6 AUD (1 AUD = 0.624 EUR).

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

USD to AUD in detail →

On the map

Lowest

Highest

Between locations

Australia Monaco 16,630 km ≈ 21 h nonstop flight

From you

Australia
Monaco

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Australia vs Monaco: Cost of Living - Frequently Asked Questions

Australia is the cheaper option – living costs run roughly 260% lower on average.

Housing costs more in Monaco: a central one-bedroom averages $3,951 versus $1,371 in Australia.

$2,500 buys a comfortable lifestyle in Australia, but in Monaco it only works with careful planning outside the capital. Same money, very different lives.

Australia is the budget-friendly choice for expats – lower housing and daily costs. But cost isn't everything: visa policies, language, healthcare quality, and job markets all weigh in too.