Last update: Oct 2026

Cost of Living Comparison Between Italy and Monaco

Name: Monaco
Address: MC

For one person, living is cheaper in Italy: $1,843 a month against $9,177 in Monaco, rent and utilities included – about $88,000 less a year. Rent and utilities account for most of the difference.

88

Cost of Living Index in Italy
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Italy Living Index
437

Cost of Living Index in Monaco
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Monaco Living Index

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🇮🇹 Italy

$1,843

/mo nomad

🇲🇨 Monaco

$9,177

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $1,843 in Italy versus $9,177 in Monaco.

Italy $1,843
Monaco $9,177

Estimated couple costs with rent: $2,816 in Italy versus $11.9K in Monaco.

Italy $2,816
Monaco $11.9K

Monthly costs for a family of three with rent: $3,788 in Italy versus $14.6K in Monaco.

Italy $3,788
Monaco $14.6K

Internal cost variation is higher in Monaco: monthly costs span $8,277 to $14.0K, compared to $1,038–$2,555 in Italy. City choice carries more weight in Monaco.

Living in Italy costs about 80% less than in Monaco on average.

Both countries sit above the global median: Italy 35% above, Monaco 574% above.

Meal at Budget Restaurant

$20.46 €18.33

$27.72 €24.84

-26.19%

Three-Course Dinner for Two, Mid-Range

$79.5 €71.2

$163 €146

-51.21%

Fast Food Meal (McDonalds, etc)

$11.15 €9.99

$12.80 €11.47

-12.89%

Cappuccino

$2.04 €1.83

$4.37 €3.91

-53.32%

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

$3.10 €2.78

$5.86 €5.26

-47.10%

Water (0.33 liter bottle)

$1.40 €1.25

$7.66 €6.86

-81.72%

Local Beer (0.5 liter draught)

$5.51 €4.94

$10.22 €9.16

-46.09%

Imported Beer (0.33 liter bottle)

$5.74 €5.14

$9.95 €8.92

-42.31%

Milk (1 liter)

$1.57 €1.41

$1.86 €1.66

-15.59%

White Bread (500g)

$2.38 €2.13

$4.54 €4.07

-47.58%

Rice (white) (1kg)

$2.90 €2.60

$3.64 €3.26

-20.33%

Eggs

$4.07 €3.65

$5.10 €4.57

-20.20%

Local Cheese (1kg)

$17.44 €15.63

$18.00 €16.13

-3.11%

Chicken Fillets (1kg)

$12.56 €11.25

$18.51 €16.59

-32.14%

Beef Round Steak (1kg)

$20.17 €18.07

$21.85 €19.58

-7.69%

Apples (1kg)

$2.58 €2.31

$3.85 €3.45

-32.99%

Banana (1kg)

$2.19 €1.96

$5.84 €5.23

-62.50%

Oranges (1kg)

$2.68 €2.40

$3.54 €3.17

-24.29%

Tomato (1kg)

$3.27 €2.93

$5.77 €5.17

-43.33%

Potato (1kg)

$1.90 €1.70

$4.56 €4.08

-58.33%

Onion (1kg)

$1.82 €1.63

$4.80 €4.30

-62.08%

Lettuce (1 head)

$1.57 €1.41

$3.55 €3.18

-55.77%

Water (1.5 liter bottle)

$0.55 €0.49

$6.70 €6.00

-91.79%

Cigarettes 20 Pack (Marlboro, Camel)

$6.69 €6.00

$15.19 €13.62

-55.96%

Wine (Bottle)

$7.99 €7.16

$7.77 €6.96

2.83%

Local Beer (0.5 liter bottle)

$1.77 €1.59

$1.88 €1.68

-5.85%

Imported Beer (0.33 liter bottle)

$2.35 €2.11

$4.32 €3.87

-45.60%

One-way Ticket (Public Transport)

$1.91 €1.71

$2.29 €2.06

-16.59%

Public Transport Monthly Pass (Regular Price)

$43.44 €38.92

$25.08 €22.47

73.21%

Taxi Start (Normal Tariff)

$5.62 €5.03

$5.53 €4.95

1.63%

Taxi (Normal Tariff) (1km)

$1.71 €1.54

$1.91 €1.71

-10.47%

Taxi 1hour Waiting (Normal Tariff)

$33.64 €30.14

$98.7 €88.5

-65.93%

Gasoline (1 liter)

$2.03 €1.82

$2.32 €2.08

-12.50%

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

$35.3K €31.6K

$53.9K €48.3K

-34.51%

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

$36.7K €32.9K

$51.3K €45.9K

-28.32%

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

$227 €203

$400 €359

-43.42%

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

$11.59 €10.39

$52.9 €47.41

-78.09%

Internet (50+ Mbps, Unlimited Data)

$30.38 €27.22

$67.3 €60.3

-54.83%

Gym Membership (Monthly)

$51.8 €46.39

$286 €256

-81.89%

Tennis Court (1 Hour on Weekend)

$23.70 €21.24

$51.3 €46.00

-53.84%

Cinema Ticket

$10.60 €9.50

$14.27 €12.79

-25.72%

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

$568 €509

$2,678 €2,400

-78.81%

International Primary School, 1 Child (Yearly)

$11.5K €10.3K

$35.1K €31.5K

-67.21%

Jeans (Levis 501 Or Similar)

$90.5 €81.1

$200 €179

-54.71%

Summer Dress (H&M, Zara, etc)

$38.55 €34.55

$81.2 €72.8

-52.52%

Sport Shoes (Adidas, Nike)

$103 €92.0

$193 €173

-46.69%

Men's Leather Business Shoes

$131 €117

$566 €508

-76.87%

1-bedroom Apartment, City Center (Monthly)

$826 €740

$9,118 €8,171

-90.95%

1-bedroom Apartment, Outside City Center (Monthly)

$646 €579

$6,827 €6,118

-90.53%

3-bedroom Apartment, City Center (Monthly)

$1,400 €1,255

$13.5K €12.1K

-89.60%

3-bedroom Apartment, Outside City Center (Monthly)

$1,054 €945

$9,227 €8,268

-88.57%

Buy Apartment in City Center (m2)

$3,662 €3,282

$71.8K €64.3K

-94.90%

Buy Apartment Outside City Center (m2)

$2,301 €2,062

$68.7K €61.5K

-96.65%

Average Monthly Net Salary (After Tax)

$1,886 €1,690

$9,201 €8,245

-79.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.56

2.83

25.80%

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

Last update for Italy: October 24, 2026

Last update for Monaco: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Italy

$646 35.1%

Monaco

$6.8K 74.4% 957% $6.2K

Groceries & Markets

Italy

$348 18.9%

Monaco

$560 6.1% 60.9% $212

Eating Out

Italy

$279 15.1%

Monaco

$438 4.8% 57.1% $159

Monthly Utilities & Internet

Italy

$269 14.6%

Monaco

$521 5.7% 93.9% $252

Clothing & Footwear

Italy

$163 8.9%

Monaco

$468 5.1% 187% $305

Sport & Entertainment

Italy

$73 4%

Monaco

$314 3.4% 331% $241

Getting Around

Italy

$65 3.5%

Monaco

$49 0.5% 24.4% $16

Cost Breakdown

National rent averages: $729 in Italy, $5,899 in Monaco. Capital cities: $1,297 in Rome vs $8,976 in Monaco.

National salary averages: $1,890 in Italy, $9,271 in Monaco. Higher pay doesn’t always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 709% higher in Monaco.

Dining out costs 107% more in Monaco.

Public transport is 54% more expensive in Italy.

Salaries are about 4.9 times higher in Monaco.

Good to know

🇮🇹 Italy

🇲🇨 Monaco

🕒 Local time

07:27 7:27 AM

Same time as Italy

🌤 Weather

👥 Population

58,850,717

38,350

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Italy Monaco 460 km

From you

Italy
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

Italy vs Monaco: Cost of Living - Frequently Asked Questions

At $1,843 per month in Italy and $9,177 in Monaco, Italy comes out about 80% cheaper. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Rent for a central one-bedroom averages $5,899 in Monaco and $729 in Italy. Rents vary a lot between cities, so the gap depends on where you settle.

It depends on what you’re after: Italy wins on affordability, while salaries, visas, language, and lifestyle can tip the balance either way.