Last update: Oct 2026

Cost of Living Comparison Between Monaco and London

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.

506

Cost of Living Index in Monaco
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Monaco Living Index
196

Cost of Living Index in London
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London Living Index

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Monaco

🇲🇨 Monaco

$10.4K

/mo nomad

London

🇬🇧 United Kingdom

$4,086

/mo nomad

Monthly Cost of Living

How much you'll spend in Monaco and in London

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

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

Monaco $10.4K
London $4,086

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

Monaco $11.9K
London $5,816

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

Monaco $13.5K
London $7,546

Monaco costs about 155% more than London, and outside of rent the biggest gap is in clothing.

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

Meal at Budget Restaurant

$19.41 €17.32

$26.62 £20.11

-27.08%

Three-Course Dinner for Two, Mid-Range

$168 €150

$108 £81.3

56.59%

Fast Food Meal (McDonalds, etc)

$12.48 €11.14

$10.39 £7.85

20.12%

Cappuccino

$3.80 €3.39

$5.79 £4.38

-34.37%

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

$6.21 €5.55

$3.01 £2.27

106.31%

Water (0.33 liter bottle)

$4.40 €3.93

$2.15 £1.63

104.65%

Local Beer (0.5 liter draught)

$10.16 €9.07

$9.35 £7.06

8.66%

Imported Beer (0.33 liter bottle)

$8.87 €7.92

$7.84 £5.93

13.14%

Milk (1 liter)

$1.83 €1.63

$1.79 £1.35

2.23%

White Bread (500g)

$3.29 €2.94

$2.06 £1.56

59.71%

Rice (white) (1kg)

$4.18 €3.73

$2.31 £1.74

80.95%

Eggs

$4.79 €4.27

$5.05 £3.82

-5.15%

Local Cheese (1kg)

$13.80 €12.32

$12.57 £9.50

9.79%

Chicken Fillets (1kg)

$16.97 €15.14

$10.66 £8.05

59.19%

Beef Round Steak (1kg)

$18.13 €16.18

$17.13 £12.94

5.84%

Apples (1kg)

$3.23 €2.89

$3.03 £2.29

6.60%

Banana (1kg)

$2.86 €2.55

$1.41 £1.07

102.84%

Oranges (1kg)

$2.73 €2.44

$3.05 £2.31

-10.49%

Tomato (1kg)

$3.57 €3.18

$3.38 £2.56

5.62%

Potato (1kg)

$2.51 €2.24

$1.67 £1.26

50.30%

Onion (1kg)

$2.85 €2.55

$1.73 £1.31

64.74%

Lettuce (1 head)

$1.89 €1.69

$1.41 £1.07

34.04%

Water (1.5 liter bottle)

$7.71 €6.88

$1.79 £1.35

330.73%

Cigarettes 20 Pack (Marlboro, Camel)

$14.06 €12.55

$23.22 £17.55

-39.45%

Wine (Bottle)

$6.85 €6.11

$12.99 £9.82

-47.27%

Local Beer (0.5 liter bottle)

$1.62 €1.45

$3.18 £2.40

-49.06%

Imported Beer (0.33 liter bottle)

$4.56 €4.07

$4.41 £3.33

3.40%

One-way Ticket (Public Transport)

$2.21 €1.97

$3.87 £2.93

-42.89%

Public Transport Monthly Pass (Regular Price)

$23.31 €20.80

$250 £189

-90.68%

Taxi Start (Normal Tariff)

$5.71 £4.31

Taxi (Normal Tariff) (1km)

$1.55 €1.38

$3.33 £2.51

-53.45%

Taxi 1hour Waiting (Normal Tariff)

$90.2 €80.5

$57.9 £43.76

55.83%

Gasoline (1 liter)

$2.30 €2.05

$2.04 £1.54

12.75%

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

$48.4K €43.2K

$37.5K £28.4K

28.90%

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

$39.8K €35.5K

$40.9K £30.9K

-2.61%

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

$422 €376

$376 £284

12.12%

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

$42.56 €37.98

$17.88 £13.51

138.03%

Internet (50+ Mbps, Unlimited Data)

$63.9 €57.0

$40.01 £30.24

59.76%

Gym Membership (Monthly)

$223 €199

$61.2 £46.22

264.98%

Tennis Court (1 Hour on Weekend)

$54.1 €48.31

$21.07 £15.93

156.91%

Cinema Ticket

$13.56 €12.10

$17.95 £13.57

-24.46%

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

$2,176 €1,942

$2,865 £2,165

-24.05%

International Primary School, 1 Child (Yearly)

$45.4K €40.5K

$35.3K £26.7K

28.52%

Jeans (Levis 501 Or Similar)

$151 €135

$116 £87.7

30.06%

Summer Dress (H&M, Zara, etc)

$84.0 €74.9

$54.1 £40.87

55.23%

Sport Shoes (Adidas, Nike)

$169 €151

$127 £95.7

33.76%

Men's Leather Business Shoes

$726 €648

$159 £120

355.94%

1-bedroom Apartment, City Center (Monthly)

$9,011 €8,041

$2,853 £2,156

215.82%

1-bedroom Apartment, Outside City Center (Monthly)

$8,111 €7,238

$2,301 £1,739

252.43%

3-bedroom Apartment, City Center (Monthly)

$16.4K €14.7K

$5,201 £3,931

216.16%

3-bedroom Apartment, Outside City Center (Monthly)

$8,521 €7,605

$3,723 £2,813

128.91%

Buy Apartment in City Center (m2)

$71.4K €63.7K

$19.0K £14.4K

275.37%

Buy Apartment Outside City Center (m2)

$55.0K €49.1K

$7,881 £5,955

598.24%

Average Monthly Net Salary (After Tax)

$8,805 €7,857

$4,818 £3,641

82.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.25

4.65

-30.11%

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

Last update for Monaco: October 5, 2026

Last update for London: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Monaco

$8.1K 79%

London

$2.3K 56.5% 71.6% $5.8K

Monthly Utilities & Internet

Monaco

$528 5.2%

London

$434 10.7% 17.8% $94

Clothing & Footwear

Monaco

$509 5%

London

$205 5% 59.7% $304

Groceries & Markets

Monaco

$474 4.6%

London

$349 8.6% 26.3% $125

Eating Out

Monaco

$349 3.4%

London

$397 9.7% 13.6% $47

Sport & Entertainment

Monaco

$250 2.4%

London

$97 2.4% 61.2% $153

Getting Around

Monaco

$40 * 0.4%

London

$288 7.1% 621% $248

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

Cost Breakdown

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

Good to know

🇲🇨 Monaco

🇬🇧 London

🕒 Local time

12:19 12:19 PM

11:19 11:19 AM

1 h behind Monaco

🌤 Weather

👥 Population

39,050 Capital

8,908,083 Capital

💱 Currency

Euro EUR €

British Pound GBP £

📈 Exchange rate

1 EUR = 1.12 USD

1 GBP = 1.32 USD

1 GBP = 1.18 EUR

Exchange rates and currency converter

On the map

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Highest

Between locations

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

From you

Monaco
London

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

Monaco vs London: Cost of Living - Frequently Asked Questions

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

For a comfortable life, plan on about $15.6K per month in Monaco and $6,129 in London. 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 $168 in Monaco and $108 in London. 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 $10.4K in Monaco and $4,086 in London. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Monaco 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.