Last update: Oct 2026

Cost of Living Comparison Between Istanbul and Monaco

Name: Monaco
Address: MC

For one person, living is cheaper in Istanbul: $1,526 a month against $9,142 in Monaco, rent and utilities included – about $91,400 less a year. Rent and utilities account for most of the difference.

74

Cost of Living Index in Istanbul
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Istanbul Living Index
442

Cost of Living Index in Monaco
Learn more

Monaco Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

🇲🇨 Monaco

$9,142

/mo nomad

🙂 Solo nomad: Istanbul is 57.9% cheaper than Monaco without rent, and 83.3% cheaper with rent.

🙂 Family of 3: Istanbul is 60.5% cheaper than Monaco without rent, and 78% cheaper with rent.

Meal at Budget Restaurant

$11.88 ₺585

$28.01 €25.00

-57.59%

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

$161 €144

-65.81%

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

$12.67 €11.31

-27.86%

Cappuccino

$4.24 ₺209

$4.24 €3.78

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

$1.75 ₺86.0

$5.88 €5.25

-70.24%

Water (0.33 liter bottle)

$0.54 ₺26.83

$7.57 €6.75

-92.87%

Local Beer (0.5 liter draught)

$4.69 ₺231

$10.24 €9.13

-54.20%

Imported Beer (0.33 liter bottle)

$5.97 ₺294

$9.77 €8.72

-38.89%

Milk (1 liter)

$1.26 ₺62.1

$1.85 €1.65

-31.89%

White Bread (500g)

$0.95 ₺46.81

$4.50 €4.02

-78.89%

Rice (white) (1kg)

$2.31 ₺114

$3.69 €3.30

-37.40%

Eggs

$2.47 ₺122

$5.12 €4.57

-51.76%

Local Cheese (1kg)

$10.55 ₺520

$17.98 €16.05

-41.32%

Chicken Fillets (1kg)

$5.60 ₺276

$18.99 €16.95

-70.51%

Beef Round Steak (1kg)

$21.21 ₺1,045

$22.45 €20.03

-5.52%

Apples (1kg)

$1.93 ₺95.1

$3.80 €3.39

-49.21%

Banana (1kg)

$2.29 ₺113

$6.01 €5.37

-61.90%

Oranges (1kg)

$1.28 ₺63.1

$3.72 €3.32

-65.59%

Tomato (1kg)

$1.84 ₺90.8

$6.13 €5.47

-69.98%

Potato (1kg)

$0.67 ₺32.86

$4.74 €4.23

-85.86%

Onion (1kg)

$0.59 ₺29.31

$4.95 €4.41

-88.08%

Lettuce (1 head)

$1.33 ₺65.4

$3.63 €3.24

-63.36%

Water (1.5 liter bottle)

$0.59 ₺29.10

$6.75 €6.03

-91.26%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

$15.54 €13.86

-84.81%

Wine (Bottle)

$13.47 ₺664

$7.70 €6.87

74.94%

Local Beer (0.5 liter bottle)

$2.42 ₺119

$1.97 €1.76

22.84%

Imported Beer (0.33 liter bottle)

$3.54 ₺174

$4.40 €3.92

-19.55%

One-way Ticket (Public Transport)

$0.83 ₺40.64

$2.26 €2.02

-63.27%

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

$24.42 €21.80

172.11%

Taxi Start (Normal Tariff)

$1.35 ₺66.6

$5.44 €4.86

-75.18%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

$1.97 €1.75

-56.85%

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

$99.3 €88.7

-89.07%

Gasoline (1 liter)

$1.47 ₺72.3

$2.32 €2.07

-36.64%

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

$51.6K ₺2.5M

$54.2K €48.4K

-4.79%

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

$44.4K ₺2.2M

$50.7K €45.2K

-12.30%

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

$89.2 ₺4,395

$403 €360

-77.87%

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

$11.60 ₺572

$53.7 €47.88

-78.38%

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

$68.9 €61.4

-76.62%

Gym Membership (Monthly)

$77.3 ₺3,805

$283 €252

-72.69%

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

$52.3 €46.70

-56.71%

Cinema Ticket

$8.34 ₺411

$13.50 €12.05

-38.22%

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

$974 ₺48.0K

$2,637 €2,353

-63.07%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

$35.0K €31.2K

-26.31%

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

$195 €174

-73.02%

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

$81.3 €72.6

-51.85%

Sport Shoes (Adidas, Nike)

$103 ₺5,083

$193 €173

-46.62%

Men's Leather Business Shoes

$96.6 ₺4,759

$586 €523

-83.51%

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

$9,331 €8,327

-89.35%

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

$6,752 €6,026

-90.68%

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

$13.7K €12.2K

-85.24%

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

$9,294 €8,294

-87.57%

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

$72.4K €64.7K

-95.64%

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

$69.4K €61.9K

-97.35%

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

$9,270 €8,272

-87.02%

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

2.83

1351.94%

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

Last update for Istanbul: October 3, 2026

Last update for Monaco: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$629 41.2%

Monaco

$6.8K 74.1% 973% $6.1K

Groceries & Markets

Istanbul

$264 17.3%

Monaco

$569 6.2% 116% $305

Eating Out

Istanbul

$218 14.3%

Monaco

$437 4.8% 101% $220

Clothing & Footwear

Istanbul

$131 8.6%

Monaco

$475 5.2% 262% $344

Monthly Utilities & Internet

Istanbul

$117 7.7%

Monaco

$526 5.8% 350% $409

Sport & Entertainment

Istanbul

$94 6.1%

Monaco

$310 3.4% 230% $216

Getting Around

Istanbul

$75 4.9%

Monaco

$49 0.5% 35.3% $27

Good to know

🇹🇷 Istanbul

🇲🇨 Monaco

🕒 Local time

09:07 9:07 AM

08:07 8:07 AM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

38,350

💱 Currency

Turkish Lira TRY ₺

Euro EUR €

📈 Exchange rate

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.25 TRY (100 TRY = 1.81 EUR).

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

USD to TRY in detail →

On the map

Lowest

Highest

Between locations

Istanbul Monaco 1,790 km ≈ 2 h 45 min nonstop flight

From you

Istanbul
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

Istanbul vs other spots: cost of living compared

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