Cost of Living Comparison Between Italy and Monaco Cost of Living Comparison Between Italy and Monaco

Name: Monaco
Address: MC

Monthly Cost of Living

Monthly costs for one person with rent: $1,718 in Italy versus $9,590 in Monaco.

Estimated couple costs with rent: $2,623 in Italy versus $9,535 in Monaco.

Monthly costs for a family of three with rent: $3,527 in Italy versus $9,479 in Monaco.

Living in Italy costs about 82% less than in Monaco on average.

Both countries sit above the global median: Italy 28% above, Monaco 616% above.

Internal cost variation is higher in Monaco: monthly costs span $5,106 to $12,769, compared to $1,195–$2,531 in Italy. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$17.20 €14.67

$31.48 €26.85

-45.36%

Three-Course Dinner for Two, Mid-Range

$81.2 €69.3

$168 €144

-51.75%

Fast Food Meal (McDonalds, etc)

$11.40 €9.72

$12.52 €10.68

-8.95%

Cappuccino

$1.91 €1.63

$4.49 €3.83

-57.46%

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

$2.86 €2.44

$5.84 €4.98

-51.03%

Water (0.33 liter bottle)

$1.33 €1.13

$7.50 €6.39

-82.27%

Local Beer (0.5 liter draught)

$5.89 €5.03

$9.75 €8.32

-39.59%

Imported Beer (0.33 liter bottle)

$5.12 €4.37

$9.42 €8.03

-45.65%

Milk (1 liter)

$1.64 €1.40

$2.14 €1.82

-23.36%

White Bread (500g)

$2.30 €1.96

$5.33 €4.55

-56.85%

Rice (white) (1kg)

$3.03 €2.59

$4.27 €3.64

-29.04%

Eggs

$4.09 €3.49

$5.30 €4.52

-22.83%

Local Cheese (1kg)

$16.26 €13.87

$17.46 €14.90

-6.87%

Chicken Fillets (1kg)

$12.24 €10.44

$19.26 €16.43

-36.45%

Beef Round Steak (1kg)

$20.45 €17.44

$18.98 €16.19

7.74%

Apples (1kg)

$2.55 €2.17

$4.78 €4.08

-46.65%

Banana (1kg)

$2.12 €1.81

$6.09 €5.19

-65.19%

Oranges (1kg)

$2.68 €2.29

$3.70 €3.15

-27.57%

Tomato (1kg)

$3.38 €2.89

$5.13 €4.38

-34.11%

Potato (1kg)

$2.00 €1.71

$4.19 €3.58

-52.27%

Onion (1kg)

$1.88 €1.60

$4.41 €3.77

-57.37%

Lettuce (1 head)

$1.47 €1.25

$3.76 €3.21

-60.90%

Water (1.5 liter bottle)

$0.54 €0.46

$6.86 €5.85

-92.13%

Cigarettes 20 Pack (Marlboro, Camel)

$6.75 €5.75

$14.67 €12.52

-53.99%

Wine (Bottle)

$7.18 €6.12

$11.21 €9.56

-35.95%

Local Beer (0.5 liter bottle)

$1.80 €1.54

$1.92 €1.64

-6.25%

Imported Beer (0.33 liter bottle)

$2.45 €2.09

$5.15 €4.39

-52.43%

One-way Ticket (Public Transport)

$2.02 €1.73

$2.37 €2.02

-14.77%

Public Transport Monthly Pass (Regular Price)

$41.49 €35.39

$25.14 €21.45

65.04%

Taxi Start (Normal Tariff)

$5.77 €4.92

$6.60 €5.63

-12.58%

Taxi (Normal Tariff) (1km)

$1.53 €1.30

$1.80 €1.54

-15.00%

Taxi 1hour Waiting (Normal Tariff)

$35.33 €30.14

$104 €88.4

-65.90%

Gasoline (1 liter)

$2.12 €1.81

$2.50 €2.13

-15.20%

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

$32.3K €27.5K

$56.5K €48.2K

-42.93%

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

$33.4K €28.5K

$51.4K €43.9K

-35.06%

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

$224 €191

$357 €304

-37.35%

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

$13.24 €11.29

$60.7 €51.7

-78.17%

Internet (50+ Mbps, Unlimited Data)

$30.96 €26.41

$69.3 €59.1

-55.31%

Gym Membership (Monthly)

$56.6 €48.30

$390 €332

-85.47%

Tennis Court (1 Hour on Weekend)

$25.11 €21.42

$44.55 €38.00

-43.64%

Cinema Ticket

$10.32 €8.80

$13.66 €11.65

-24.45%

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

$563 €481

$2,726 €2,325

-79.34%

International Primary School, 1 Child (Yearly)

$10.6K €9,063

$36.1K €30.8K

-70.54%

Jeans (Levis 501 Or Similar)

$90.1 €76.9

$186 €159

-51.57%

Summer Dress (H&M, Zara, etc)

$40.60 €34.63

$84.1 €71.7

-51.71%

Sport Shoes (Adidas, Nike)

$100 €85.4

$198 €169

-49.39%

Men's Leather Business Shoes

$133 €113

$688 €587

-80.74%

1-bedroom Apartment, City Center (Monthly)

$864 €737

$7,074 €6,034

-87.78%

1-bedroom Apartment, Outside City Center (Monthly)

$668 €570

$8,041 €6,859

-91.69%

3-bedroom Apartment, City Center (Monthly)

$1,473 €1,257

$32.1K €27.4K

-95.41%

3-bedroom Apartment, Outside City Center (Monthly)

$1,088 €928

$7,382 €6,297

-85.26%

Buy Apartment in City Center (m2)

$3,808 €3,248

$70.9K €60.5K

-94.63%

Buy Apartment Outside City Center (m2)

$2,454 €2,093

$57.3K €48.8K

-95.71%

Average Monthly Net Salary (After Tax)

$1,935 €1,651

$9,734 €8,303

-80.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.41

2.83

55.83%

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

Last update for Italy: April 21, 2026

Last update for Monaco: April 21, 2026

Cost Breakdown

National rent averages: $742 in Italy, $3,616 in Monaco. Capital cities: $1,366 in Rome vs $8,397 in Monaco.

National salary averages: $1,935 in Italy, $9,348 in Monaco. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 387% higher in Monaco.

Dining out costs 112% more in Monaco.

Public transport is 110% more expensive in Italy.

Salaries are 383% higher in Monaco, giving Italy stronger purchasing power.

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 $1,863 per month in Italy and $8,938 in Monaco, there's a 380% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Italy is simply cheaper day-to-day: lower food prices, cheaper commutes, smaller household bills. Over time, those daily savings make a real difference to your monthly budget and ability to put money away.

Rent in Monaco beats Italy across the board, especially in major cities. Housing is usually the single biggest driver of the overall cost difference between the two countries.

In Italy, $2,500 covers most cities easily. In Monaco, it works in regional areas but falls short in the capital – you'll need to make trade-offs on housing or lifestyle.

It depends on what you're after. Italy wins on affordability; Monaco may offer higher salaries, better infrastructure, and different cultural perks. Both attract large expat communities for different reasons.