Last update: Oct 2026

Cost of Living Comparison Between Hamilton, Bermuda and Monte Carlo

For one person, living is cheaper in Hamilton: $5,162 a month against $8,277 in Monte Carlo, rent and utilities included – about $37,400 less a year. Rent and utilities account for most of the difference.

247

Cost of Living Index in Hamilton
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Hamilton Living Index
395

Cost of Living Index in Monte Carlo
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Monte Carlo Living Index

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Hamilton

🇧🇲 Bermuda

$5,162

/mo nomad

Monte Carlo

🇲🇨 Monaco

$8,277

/mo nomad

Monthly Cost of Living

How much you'll spend in Hamilton and in Monte Carlo

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

A single person spends $5,162 per month in Hamilton vs $8,277 in Monte Carlo, rent included.

Hamilton $5,162
Monte Carlo $8,277

A couple spends around $9,189 per month in Hamilton vs $12.7K in Monte Carlo, rent included.

Hamilton $9,189
Monte Carlo $12.7K

A family of three spends $13.2K per month in Hamilton vs $17.1K in Monte Carlo, rent included.

Hamilton $13.2K
Monte Carlo $17.1K

Hamilton is about 38% cheaper than Monte Carlo, and outside of rent the biggest gap is in leisure.

Both Hamilton and Monte Carlo sit above the global median – Hamilton by 279%, Monte Carlo by 508%.

Meal at Budget Restaurant

$49.39 BMD 49.39

$42.39 €37.82

16.51%

Three-Course Dinner for Two, Mid-Range

$151 BMD 151

$126 €113

19.75%

Fast Food Meal (McDonalds, etc)

$16.77 BMD 16.77

$11.29 €10.07

48.54%

Cappuccino

$6.26 BMD 6.26

$4.07 €3.63

53.81%

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

$2.97 BMD 2.97

$8.80 €7.85

-66.25%

Water (0.33 liter bottle)

$3.18 BMD 3.18

$10.56 €9.42

-69.89%

Local Beer (0.5 liter draught)

$7.47 BMD 7.47

$9.88 €8.81

-24.39%

Imported Beer (0.33 liter bottle)

$9.25 BMD 9.25

$13.74 €12.26

-32.68%

Milk (1 liter)

$4.88 BMD 4.88

$2.23 €1.99

118.83%

White Bread (500g)

$7.95 BMD 7.95

$5.01 €4.47

58.68%

Rice (white) (1kg)

$5.44 BMD 5.44

$4.52 €4.04

20.35%

Eggs

$7.22 BMD 7.22

$4.56 €4.07

58.33%

Local Cheese (1kg)

$23.34 BMD 23.34

$21.27 €18.98

9.73%

Chicken Fillets (1kg)

$20.94 BMD 20.94

$16.59 €14.80

26.22%

Beef Round Steak (1kg)

$19.86 BMD 19.86

$21.99 €19.62

-9.69%

Apples (1kg)

$8.82 BMD 8.82

$6.32 €5.64

39.56%

Banana (1kg)

$6.54 BMD 6.54

$7.07 €6.31

-7.50%

Oranges (1kg)

$7.11 BMD 7.11

$4.80 €4.29

48.13%

Tomato (1kg)

$8.16 BMD 8.16

$8.60 €7.68

-5.12%

Potato (1kg)

$5.55 BMD 5.55

$5.51 €4.92

0.73%

Onion (1kg)

$4.03 BMD 4.03

$5.49 €4.90

-26.59%

Lettuce (1 head)

$6.12 BMD 6.12

$5.12 €4.57

19.53%

Water (1.5 liter bottle)

$3.43 BMD 3.43

$6.14 €5.47

-44.14%

Cigarettes 20 Pack (Marlboro, Camel)

$18.12 BMD 18.12

$12.40 €11.06

46.13%

Wine (Bottle)

$23.76 BMD 23.76

$16.78 €14.97

41.60%

Local Beer (0.5 liter bottle)

$5.10 BMD 5.10

$1.96 €1.75

160.20%

Imported Beer (0.33 liter bottle)

$4.22 BMD 4.22

$4.52 €4.04

-6.64%

One-way Ticket (Public Transport)

$4.96 BMD 4.96

$2.01 €1.79

146.77%

Public Transport Monthly Pass (Regular Price)

$68.9 BMD 68.9

$36.76 €32.80

87.32%

Taxi Start (Normal Tariff)

$6.44 BMD 6.44

$5.55 €4.95

16.04%

Taxi (Normal Tariff) (1km)

$3.02 BMD 3.02

$2.18 €1.94

38.53%

Taxi 1hour Waiting (Normal Tariff)

$71.4 BMD 71.4

$114 €102

-37.32%

Gasoline (1 liter)

$2.34 BMD 2.34

$2.41 €2.15

-2.90%

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

$38.2K BMD 38.2K

$54.7K €48.8K

-30.17%

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

$42.0K BMD 42.0K

$42.4K €37.8K

-0.92%

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

$292 BMD 292

$530 €473

-44.90%

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

$151 BMD 151

$60.2 €53.7

150.72%

Internet (50+ Mbps, Unlimited Data)

$162 BMD 162

$96.9 €86.4

67.51%

Gym Membership (Monthly)

$191 BMD 191

$532 €475

-64.18%

Tennis Court (1 Hour on Weekend)

$14.85 BMD 14.85

$57.0 €50.8

-73.94%

Cinema Ticket

$13.52 BMD 13.52

$18.19 €16.23

-25.67%

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

$1,317 BMD 1,317

$3,586 €3,200

-63.27%

International Primary School, 1 Child (Yearly)

$24.7K BMD 24.7K

$16.7K €14.9K

48.61%

Jeans (Levis 501 Or Similar)

$90.4 BMD 90.4

$224 €200

-59.64%

Summer Dress (H&M, Zara, etc)

$71.2 BMD 71.2

$78.9 €70.4

-9.70%

Sport Shoes (Adidas, Nike)

$144 BMD 144

$195 €174

-26.24%

Men's Leather Business Shoes

$128 BMD 128

$277 €247

-53.72%

1-bedroom Apartment, City Center (Monthly)

$3,924 BMD 3,924

$2,823 €2,519

39.01%

1-bedroom Apartment, Outside City Center (Monthly)

$2,695 BMD 2,695

$5,404 €4,821

-50.12%

3-bedroom Apartment, City Center (Monthly)

$8,361 BMD 8,361

$11.3K €10.1K

-26.14%

3-bedroom Apartment, Outside City Center (Monthly)

$7,645 BMD 7,645

$11.0K €9,844

-30.71%

Buy Apartment in City Center (m2)

$14.8K BMD 14.8K

$104.8K €93.5K

-85.85%

Buy Apartment Outside City Center (m2)

$8,921 BMD 8,921

$82.9K €73.9K

-89.23%

Average Monthly Net Salary (After Tax)

$6,395 BMD 6,395

$8,511 €7,594

-24.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

331.50%

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

Last update for Hamilton: October 26, 2026

Last update for Monte Carlo: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Hamilton

$2.7K 52.2%

Monte Carlo

$5.4K 65.3% 101% $2.7K

Groceries & Markets

Hamilton

$738 14.3%

Monte Carlo

$632 7.6% 14.4% $106

Monthly Utilities & Internet

Hamilton

$605 11.7%

Monte Carlo

$687 8.3% 13.6% $82

Eating Out

Hamilton

$601 11.6%

Monte Carlo

$576 7% 4.2% $25

Sport & Entertainment

Hamilton

$218 4.2%

Monte Carlo

$568 6.9% 161% $351

Clothing & Footwear

Hamilton

$195 3.8%

Monte Carlo

$348 4.2% 78.7% $153

Getting Around

Hamilton

$110 2.1%

Monte Carlo

$61 0.7% 44.5% $49

Cost Breakdown

A central one-bedroom costs $3,924 in Hamilton versus $2,823 in Monte Carlo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 33% higher in Monte Carlo, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $151 in Hamilton versus $126 in Monte Carlo. Monthly groceries follow the same trend: $738 vs $632 – making Monte Carlo the more affordable choice for daily food spending.

Good to know

🇧🇲 Hamilton

🇲🇨 Monte Carlo

🕒 Local time

22:09 10:09 PM

03:09 3:09 AM

5 h ahead of Hamilton

🌤 Weather

👥 Population

10,000 Capital

15,507

💱 Currency

Bermudian Dollar BMD $

Euro EUR €

📈 Exchange rate

1 BMD = 1 USD

1 BMD = 0.892 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to BMD – Bermudian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇲 Bermudian Dollar ($)

Bermudian Dollar exchange rates as of November 3, 2026: 1 USD = 1 BMD (1 BMD = 1 USD). 1 EUR = 1.12 BMD (1 BMD = 0.892 EUR).

Euro exchange rates as of November 3, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

USD to BMD in detail →

On the map

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Highest

Between locations

Hamilton Monte Carlo 6,250 km ≈ 8 h nonstop flight

From you

Hamilton
Monte Carlo

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

Hamilton vs Monte Carlo: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $5,162 in Hamilton, $8,277 in Monte Carlo – Hamilton comes out roughly 38% cheaper. Outside of rent, the biggest gap is in leisure.

For a comfortable life, plan on about $7,743 per month in Hamilton and $12.4K in Monte Carlo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Monte Carlo, especially for central apartments: a one-bedroom in the center costs $2,823 there versus $3,924 in Hamilton.

A mid-range dinner for two costs $151 in Hamilton and $126 in Monte Carlo. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $5,162 in Hamilton and $8,277 in Monte Carlo. That makes Hamilton about 38% cheaper.

$5,000 is a stretch for both – monthly costs hit $5,162 in Hamilton and $8,277 in Monte Carlo. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Hamilton has an edge in some lifestyle areas, with costs from $5,162 in Hamilton to $8,277 in Monte Carlo. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

If budget matters most, go with Hamilton. If higher salaries or specific career opportunities are the priority, Monte Carlo makes more sense. Both are solid long-term options with distinct trade-offs.