Cost of Living Comparison Between Monaco and Australia Cost of Living Comparison Between Monaco and Australia

Name: Australia
Address: AU

Monthly Cost of Living

A single person spends $9,429 per month in Monaco vs $2,181 in Australia, rent included.

A couple spends around $9,471 per month in Monaco vs $3,218 in Australia, rent included.

A family of three spends $9,512 per month in Monaco vs $4,254 in Australia, rent included.

The cost of living in Monaco is about 332% higher than in Australia on average – the gap runs across housing, groceries, transport, and services.

Both Monaco and Australia are pricier than the global median – Monaco by 608%, Australia by 64%.

The regional cost range is wider in Monaco ($5,103–$12.4K) than in Australia ($1,595–$2,799), so city choice matters more there.

Meal at Budget Restaurant

$30.69 €26.57

$15.97 A$22.66

92.17%

Three-Course Dinner for Two, Mid-Range

$167 €144

$79.0 A$112

110.85%

Fast Food Meal (McDonalds, etc)

$12.67 €10.97

$9.68 A$13.74

30.89%

Cappuccino

$4.43 €3.84

$3.58 A$5.08

23.74%

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

$5.76 €4.99

$2.56 A$3.64

125.00%

Water (0.33 liter bottle)

$7.53 €6.52

$2.22 A$3.15

239.19%

Local Beer (0.5 liter draught)

$10.00 €8.66

$6.34 A$8.99

57.73%

Imported Beer (0.33 liter bottle)

$9.55 €8.27

$6.95 A$9.86

37.41%

Milk (1 liter)

$2.08 €1.80

$1.56 A$2.22

33.33%

White Bread (500g)

$5.26 €4.55

$2.53 A$3.59

107.91%

Rice (white) (1kg)

$4.27 €3.69

$2.00 A$2.83

113.50%

Eggs

$5.24 €4.53

$4.26 A$6.05

23.00%

Local Cheese (1kg)

$17.63 €15.27

$8.75 A$12.42

101.49%

Chicken Fillets (1kg)

$18.98 €16.44

$8.23 A$11.68

130.62%

Beef Round Steak (1kg)

$18.88 €16.35

$14.15 A$20.08

33.43%

Apples (1kg)

$4.65 €4.03

$3.26 A$4.63

42.64%

Banana (1kg)

$6.14 €5.32

$2.81 A$3.99

118.51%

Oranges (1kg)

$3.78 €3.28

$3.00 A$4.26

26.00%

Tomato (1kg)

$5.23 €4.53

$4.31 A$6.12

21.35%

Potato (1kg)

$4.08 €3.54

$2.55 A$3.62

60.00%

Onion (1kg)

$4.25 €3.68

$2.16 A$3.07

96.76%

Lettuce (1 head)

$3.78 €3.27

$2.22 A$3.15

70.27%

Water (1.5 liter bottle)

$6.83 €5.91

$1.53 A$2.17

346.41%

Cigarettes 20 Pack (Marlboro, Camel)

$14.75 €12.77

$31.28 A$44.38

-52.85%

Wine (Bottle)

$10.70 €9.27

$14.09 A$20.00

-24.06%

Local Beer (0.5 liter bottle)

$2.04 €1.77

$4.44 A$6.30

-54.05%

Imported Beer (0.33 liter bottle)

$5.03 €4.36

$4.90 A$6.96

2.65%

One-way Ticket (Public Transport)

$2.33 €2.02

$2.95 A$4.19

-21.02%

Public Transport Monthly Pass (Regular Price)

$25.45 €22.04

$95.9 A$136

-73.46%

Taxi Start (Normal Tariff)

$6.91 €5.98

$3.49 A$4.95

97.99%

Taxi (Normal Tariff) (1km)

$1.79 €1.55

$1.84 A$2.61

-2.72%

Taxi 1hour Waiting (Normal Tariff)

$104 €90.0

$37.26 A$52.9

178.88%

Gasoline (1 liter)

$2.41 €2.09

$1.17 A$1.66

105.98%

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

$56.7K €49.1K

$28.7K A$40.8K

97.18%

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

$52.0K €45.1K

$22.5K A$31.9K

131.63%

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

$348 €302

$173 A$246

101.02%

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

$60.5 €52.4

$26.62 A$37.77

127.39%

Internet (50+ Mbps, Unlimited Data)

$69.2 €59.9

$53.1 A$75.3

30.37%

Gym Membership (Monthly)

$392 €339

$46.82 A$66.4

736.33%

Tennis Court (1 Hour on Weekend)

$45.20 €39.14

$16.38 A$23.25

175.95%

Cinema Ticket

$13.63 €11.80

$13.56 A$19.24

0.52%

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

$2,756 €2,386

$1,571 A$2,229

75.43%

International Primary School, 1 Child (Yearly)

$35.8K €31.0K

$12.6K A$17.9K

184.19%

Jeans (Levis 501 Or Similar)

$192 €166

$72.1 A$102

165.71%

Summer Dress (H&M, Zara, etc)

$85.7 €74.2

$51.6 A$73.2

65.92%

Sport Shoes (Adidas, Nike)

$200 €173

$101 A$144

97.66%

Men's Leather Business Shoes

$674 €584

$108 A$153

524.72%

1-bedroom Apartment, City Center (Monthly)

$7,148 €6,190

$1,398 A$1,984

411.27%

1-bedroom Apartment, Outside City Center (Monthly)

$8,194 €7,096

$1,086 A$1,541

654.67%

3-bedroom Apartment, City Center (Monthly)

$32.3K €28.0K

$2,272 A$3,223

1323.33%

3-bedroom Apartment, Outside City Center (Monthly)

$7,546 €6,535

$1,751 A$2,485

330.97%

Buy Apartment in City Center (m2)

$64.4K €55.8K

$7,955 A$11.3K

709.40%

Buy Apartment Outside City Center (m2)

$63.7K €55.2K

$5,978 A$8,483

966.26%

Average Monthly Net Salary (After Tax)

$9,519 €8,244

$4,053 A$5,751

134.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

6.35

-55.43%

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

Last update for Monaco: July 26, 2026

Last update for Australia: July 28, 2026

Cost Breakdown

Average rent: $3,621 in Monaco vs $1,230 in Australia. For reference, capital cities sit at $8,404 in Monaco and $1,557 in Canberra.

Average salary: $9,472 in Monaco vs $3,808 in Australia. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 194% higher in Monaco.

Dining out costs 108% more in Monaco.

Public transport is 219% more expensive in Australia.

Salaries are 149% higher in Monaco, and purchasing power comes out stronger in Australia.

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 Australia: Cost of Living - Frequently Asked Questions

Australia is the cheaper option – living costs run roughly 299% lower on average. The gap is consistent across housing, groceries, transport, and entertainment.

Housing costs more in Monaco, and the gap is biggest in capital cities. Regional towns show less difference, but Monaco consistently has higher rents.

Groceries, transport, and utilities all cost less in Australia, contributing to the overall 299% price gap. The savings show up everywhere – from supermarket receipts to monthly bills.

$2,500 buys a comfortable lifestyle in Australia, but in Monaco it only works with careful planning outside the capital. Same money, very different lives.

Australia is the budget-friendly choice for expats – lower housing and daily costs. But cost isn't everything: visa policies, language, healthcare quality, and job markets all weigh in too.