Last update: Oct 2026

Cost of Living Comparison Between Canada and Monaco

Name: Monaco
Address: MC

For one person, living is cheaper in Canada: $2,305 a month against $9,142 in Monaco, rent and utilities included – about $82,000 less a year. Rent and utilities account for most of the difference.

111

Cost of Living Index in Canada
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Canada Living Index
442

Cost of Living Index in Monaco
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Monaco Living Index

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🇨🇦 Canada

$2,305

/mo nomad

🇲🇨 Monaco

$9,142

/mo nomad

Monthly Cost of Living

How much you'll spend in Canada 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 Canada and in Monaco actually costs, broken down by who's living it.

A single person spends $2,305 per month in Canada vs $9,142 in Monaco, rent included.

Canada $2,305
Monaco $9,142

A couple spends around $3,339 per month in Canada vs $12.0K in Monaco, rent included.

Canada $3,339
Monaco $12.0K

A family of three spends $4,374 per month in Canada vs $14.9K in Monaco, rent included.

Canada $4,374
Monaco $14.9K

The regional cost range is wider in Monaco ($8,081–$13.9K) than in Canada ($889–$3,671), so city choice matters more there.

The cost of living in Canada is roughly 75% lower than in Monaco on average.

Both Canada and Monaco are pricier than the global median – Canada by 72%, Monaco by 582%.

Meal at Budget Restaurant

$17.69 CA$25.22

$28.01 €25.00

-36.84%

Three-Course Dinner for Two, Mid-Range

$70.6 CA$101

$161 €144

-56.20%

Fast Food Meal (McDonalds, etc)

$10.71 CA$15.27

$12.67 €11.31

-15.47%

Cappuccino

$3.72 CA$5.30

$4.24 €3.78

-12.26%

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

$2.07 CA$2.95

$5.88 €5.25

-64.80%

Water (0.33 liter bottle)

$1.66 CA$2.36

$7.57 €6.75

-78.07%

Local Beer (0.5 liter draught)

$5.69 CA$8.11

$10.24 €9.13

-44.43%

Imported Beer (0.33 liter bottle)

$5.76 CA$8.20

$9.77 €8.72

-41.04%

Milk (1 liter)

$2.13 CA$3.04

$1.85 €1.65

15.14%

White Bread (500g)

$2.68 CA$3.82

$4.50 €4.02

-40.44%

Rice (white) (1kg)

$3.60 CA$5.13

$3.69 €3.30

-2.44%

Eggs

$3.51 CA$5.00

$5.12 €4.57

-31.45%

Local Cheese (1kg)

$10.72 CA$15.29

$17.98 €16.05

-40.38%

Chicken Fillets (1kg)

$11.91 CA$16.98

$18.99 €16.95

-37.28%

Beef Round Steak (1kg)

$15.29 CA$21.80

$22.45 €20.03

-31.89%

Apples (1kg)

$3.98 CA$5.68

$3.80 €3.39

4.74%

Banana (1kg)

$1.36 CA$1.94

$6.01 €5.37

-77.37%

Oranges (1kg)

$3.84 CA$5.47

$3.72 €3.32

3.23%

Tomato (1kg)

$4.06 CA$5.78

$6.13 €5.47

-33.77%

Potato (1kg)

$2.56 CA$3.65

$4.74 €4.23

-45.99%

Onion (1kg)

$2.42 CA$3.45

$4.95 €4.41

-51.11%

Lettuce (1 head)

$2.57 CA$3.66

$3.63 €3.24

-29.20%

Water (1.5 liter bottle)

$1.69 CA$2.41

$6.75 €6.03

-74.96%

Cigarettes 20 Pack (Marlboro, Camel)

$13.94 CA$19.86

$15.54 €13.86

-10.30%

Wine (Bottle)

$13.26 CA$18.90

$7.70 €6.87

72.21%

Local Beer (0.5 liter bottle)

$2.86 CA$4.07

$1.97 €1.76

45.18%

Imported Beer (0.33 liter bottle)

$3.26 CA$4.64

$4.40 €3.92

-25.91%

One-way Ticket (Public Transport)

$2.41 CA$3.44

$2.26 €2.02

6.64%

Public Transport Monthly Pass (Regular Price)

$71.8 CA$102

$24.42 €21.80

193.94%

Taxi Start (Normal Tariff)

$3.05 CA$4.35

$5.44 €4.86

-43.93%

Taxi (Normal Tariff) (1km)

$1.44 CA$2.05

$1.97 €1.75

-26.90%

Taxi 1hour Waiting (Normal Tariff)

$26.68 CA$38.02

$99.3 €88.7

-73.14%

Gasoline (1 liter)

$1.17 CA$1.67

$2.32 €2.07

-49.57%

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

$27.7K CA$39.5K

$54.2K €48.4K

-48.88%

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

$19.4K CA$27.7K

$50.7K €45.2K

-61.66%

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

$147 CA$210

$403 €360

-63.48%

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

$41.33 CA$58.9

$53.7 €47.88

-22.98%

Internet (50+ Mbps, Unlimited Data)

$57.9 CA$82.5

$68.9 €61.4

-15.98%

Gym Membership (Monthly)

$40.41 CA$57.6

$283 €252

-85.71%

Tennis Court (1 Hour on Weekend)

$19.23 CA$27.40

$52.3 €46.70

-63.26%

Cinema Ticket

$11.07 CA$15.78

$13.50 €12.05

-18.00%

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

$757 CA$1,079

$2,637 €2,353

-71.29%

International Primary School, 1 Child (Yearly)

$14.3K CA$20.3K

$35.0K €31.2K

-59.24%

Jeans (Levis 501 Or Similar)

$54.2 CA$77.3

$195 €174

-72.24%

Summer Dress (H&M, Zara, etc)

$39.79 CA$56.7

$81.3 €72.6

-51.08%

Sport Shoes (Adidas, Nike)

$87.6 CA$125

$193 €173

-54.69%

Men's Leather Business Shoes

$101 CA$144

$586 €523

-82.77%

1-bedroom Apartment, City Center (Monthly)

$1,278 CA$1,822

$9,331 €8,327

-86.30%

1-bedroom Apartment, Outside City Center (Monthly)

$1,107 CA$1,578

$6,752 €6,026

-83.60%

3-bedroom Apartment, City Center (Monthly)

$2,035 CA$2,901

$13.7K €12.2K

-85.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,741 CA$2,481

$9,294 €8,294

-81.27%

Buy Apartment in City Center (m2)

$4,611 CA$6,572

$72.4K €64.7K

-93.64%

Buy Apartment Outside City Center (m2)

$3,822 CA$5,448

$69.4K €61.9K

-94.49%

Average Monthly Net Salary (After Tax)

$2,975 CA$4,240

$9,270 €8,272

-67.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.87

2.83

72.08%

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

Last update for Canada: October 5, 2026

Last update for Monaco: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Canada

$1.1K 48.6%

Monaco

$6.8K 74.1% 510% $5.6K

Groceries & Markets

Canada

$368 16.2%

Monaco

$569 6.2% 54.6% $201

Eating Out

Canada

$273 12%

Monaco

$437 4.8% 60.1% $164

Monthly Utilities & Internet

Canada

$246 10.8%

Monaco

$526 5.8% 113% $279

Clothing & Footwear

Canada

$127 5.6%

Monaco

$475 5.2% 274% $348

Getting Around

Canada

$92 4%

Monaco

$49 0.5% 46.8% $43

Sport & Entertainment

Canada

$63 2.8%

Monaco

$310 3.4% 395% $247

Cost Breakdown

Average rent: $1,193 in Canada vs $3,951 in Monaco. For reference, capital cities sit at $1,490 in Ottawa and $9,011 in Monaco.

Average salary: $2,896 in Canada vs $9,240 in Monaco. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 231% higher in Monaco.

Dining out costs 140% more in Monaco.

Public transport is 100% more expensive in Canada.

Salaries are 219% higher in Monaco, and purchasing power comes out stronger in Canada.

Good to know

🇨🇦 Canada

🇲🇨 Monaco

🕒 Local time

06:12 6:12 AM

12:12 12:12 PM

6 h ahead of Canada

🌤 Weather

👥 Population

36,991,981

38,350

💱 Currency

Canadian Dollar CAD $

Euro EUR €

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

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

USD to CAD in detail →

On the map

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Between locations

Canada Monaco 6,270 km ≈ 8 h nonstop flight

From you

Canada
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

Canada vs Monaco: Cost of Living - Frequently Asked Questions

Canada is the cheaper option – living costs run roughly 297% lower on average.

Housing costs more in Monaco: a central one-bedroom averages $3,951 versus $1,193 in Canada.

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

Canada 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.