Last update: Oct 2026

Cost of Living Comparison Between London and Monaco

For one person, living is cheaper in London: $4,086 a month against $10.4K in Monaco, rent and utilities included – about $76,000 less a year. Rent and utilities account for most of the difference.

196

Cost of Living Index in London
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London Living Index
506

Cost of Living Index in Monaco
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Monaco Living Index

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London

🇬🇧 United Kingdom

$4,086

/mo nomad

Monaco

🇲🇨 Monaco

$10.4K

/mo nomad

Monthly Cost of Living

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

A single person spends $4,086 per month in London vs $10.4K in Monaco, rent included.

London $4,086
Monaco $10.4K

A couple spends around $5,816 per month in London vs $11.9K in Monaco, rent included.

London $5,816
Monaco $11.9K

A family of three spends $7,546 per month in London vs $13.5K in Monaco, rent included.

London $7,546
Monaco $13.5K

London is about 61% cheaper than Monaco, and outside of rent the biggest gap is in clothing.

Both London and Monaco sit above the global median – London by 205%, Monaco by 678%.

Meal at Budget Restaurant

$26.62 £20.11

$19.41 €17.32

37.15%

Three-Course Dinner for Two, Mid-Range

$108 £81.3

$168 €150

-36.14%

Fast Food Meal (McDonalds, etc)

$10.39 £7.85

$12.48 €11.14

-16.75%

Cappuccino

$5.79 £4.38

$3.80 €3.39

52.37%

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

$3.01 £2.27

$6.21 €5.55

-51.53%

Water (0.33 liter bottle)

$2.15 £1.63

$4.40 €3.93

-51.14%

Local Beer (0.5 liter draught)

$9.35 £7.06

$10.16 €9.07

-7.97%

Imported Beer (0.33 liter bottle)

$7.84 £5.93

$8.87 €7.92

-11.61%

Milk (1 liter)

$1.79 £1.35

$1.83 €1.63

-2.19%

White Bread (500g)

$2.06 £1.56

$3.29 €2.94

-37.39%

Rice (white) (1kg)

$2.31 £1.74

$4.18 €3.73

-44.74%

Eggs

$5.05 £3.82

$4.79 €4.27

5.43%

Local Cheese (1kg)

$12.57 £9.50

$13.80 €12.32

-8.91%

Chicken Fillets (1kg)

$10.66 £8.05

$16.97 €15.14

-37.18%

Beef Round Steak (1kg)

$17.13 £12.94

$18.13 €16.18

-5.52%

Apples (1kg)

$3.03 £2.29

$3.23 €2.89

-6.19%

Banana (1kg)

$1.41 £1.07

$2.86 €2.55

-50.70%

Oranges (1kg)

$3.05 £2.31

$2.73 €2.44

11.72%

Tomato (1kg)

$3.38 £2.56

$3.57 €3.18

-5.32%

Potato (1kg)

$1.67 £1.26

$2.51 €2.24

-33.47%

Onion (1kg)

$1.73 £1.31

$2.85 €2.55

-39.30%

Lettuce (1 head)

$1.41 £1.07

$1.89 €1.69

-25.40%

Water (1.5 liter bottle)

$1.79 £1.35

$7.71 €6.88

-76.78%

Cigarettes 20 Pack (Marlboro, Camel)

$23.22 £17.55

$14.06 €12.55

65.15%

Wine (Bottle)

$12.99 £9.82

$6.85 €6.11

89.64%

Local Beer (0.5 liter bottle)

$3.18 £2.40

$1.62 €1.45

96.30%

Imported Beer (0.33 liter bottle)

$4.41 £3.33

$4.56 €4.07

-3.29%

One-way Ticket (Public Transport)

$3.87 £2.93

$2.21 €1.97

75.11%

Public Transport Monthly Pass (Regular Price)

$250 £189

$23.31 €20.80

972.72%

Taxi Start (Normal Tariff)

$5.71 £4.31

Taxi (Normal Tariff) (1km)

$3.33 £2.51

$1.55 €1.38

114.84%

Taxi 1hour Waiting (Normal Tariff)

$57.9 £43.76

$90.2 €80.5

-35.83%

Gasoline (1 liter)

$2.04 £1.54

$2.30 €2.05

-11.30%

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

$37.5K £28.4K

$48.4K €43.2K

-22.42%

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

$40.9K £30.9K

$39.8K €35.5K

2.68%

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

$376 £284

$422 €376

-10.81%

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

$17.88 £13.51

$42.56 €37.98

-57.99%

Internet (50+ Mbps, Unlimited Data)

$40.01 £30.24

$63.9 €57.0

-37.41%

Gym Membership (Monthly)

$61.2 £46.22

$223 €199

-72.60%

Tennis Court (1 Hour on Weekend)

$21.07 £15.93

$54.1 €48.31

-61.08%

Cinema Ticket

$17.95 £13.57

$13.56 €12.10

32.37%

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

$2,865 £2,165

$2,176 €1,942

31.66%

International Primary School, 1 Child (Yearly)

$35.3K £26.7K

$45.4K €40.5K

-22.19%

Jeans (Levis 501 Or Similar)

$116 £87.7

$151 €135

-23.11%

Summer Dress (H&M, Zara, etc)

$54.1 £40.87

$84.0 €74.9

-35.58%

Sport Shoes (Adidas, Nike)

$127 £95.7

$169 €151

-25.24%

Men's Leather Business Shoes

$159 £120

$726 €648

-78.07%

1-bedroom Apartment, City Center (Monthly)

$2,853 £2,156

$9,011 €8,041

-68.34%

1-bedroom Apartment, Outside City Center (Monthly)

$2,301 £1,739

$8,111 €7,238

-71.63%

3-bedroom Apartment, City Center (Monthly)

$5,201 £3,931

$16.4K €14.7K

-68.37%

3-bedroom Apartment, Outside City Center (Monthly)

$3,723 £2,813

$8,521 €7,605

-56.31%

Buy Apartment in City Center (m2)

$19.0K £14.4K

$71.4K €63.7K

-73.36%

Buy Apartment Outside City Center (m2)

$7,881 £5,955

$55.0K €49.1K

-85.68%

Average Monthly Net Salary (After Tax)

$4,818 £3,641

$8,805 €7,857

-45.28%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.65

3.25

43.08%

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

Last update for London: October 4, 2026

Last update for Monaco: October 5, 2026

Monthly budget structure

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

Accommodation & Living

London

$2.3K 56.5%

Monaco

$8.1K 79% 252% $5.8K

Monthly Utilities & Internet

London

$434 10.7%

Monaco

$528 5.2% 21.7% $94

Eating Out

London

$397 9.7%

Monaco

$349 3.4% 12% $47

Groceries & Markets

London

$349 8.6%

Monaco

$474 4.6% 35.7% $125

Getting Around

London

$288 7.1%

Monaco

$40 * 0.4% 86.1% $248

Clothing & Footwear

London

$205 5%

Monaco

$509 5% 148% $304

Sport & Entertainment

London

$97 2.4%

Monaco

$250 2.4% 158% $153

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $2,853 in London versus $9,011 in Monaco. 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 83% higher in Monaco, 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 $108 in London versus $168 in Monaco. Monthly groceries follow the same trend: $349 vs $474 – making London the more affordable choice for daily food spending.

Good to know

🇬🇧 London

🇲🇨 Monaco

🕒 Local time

12:50 12:50 PM

13:50 1:50 PM

1 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

39,050 Capital

💱 Currency

British Pound GBP £

Euro EUR €

📈 Exchange rate

1 GBP = 1.32 USD

1 GBP = 1.18 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to GBP – British Pound Converter

🇺🇸 United States Dollar ($)

🇬🇧 British Pound (£)

British Pound exchange rates as of October 10, 2026: 1 USD = 0.756 GBP (1 GBP = 1.32 USD). 1 EUR = 0.847 GBP (1 GBP = 1.18 EUR).

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

USD to GBP in detail →

On the map

Lowest

Highest

Between locations

London Monaco 1,030 km ≈ 1 h 45 min nonstop flight

From you

London
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

London vs Monaco: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,086 in London, $10.4K in Monaco – roughly 155% apart. Outside of rent, the biggest gap is in clothing.

For a comfortable life, plan on about $6,129 per month in London and $15.6K in Monaco. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in London, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 36% more in Monaco, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $108 in London and $168 in Monaco. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

$5,000 is a stretch for both – monthly costs hit $4,086 in London and $10.4K in Monaco. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. London has an edge in some lifestyle areas, with costs from $4,086 in London to $10.4K in Monaco. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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