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 $9,590 per month in Monaco vs $2,180 in Australia, rent included.

A couple spends around $9,535 per month in Monaco vs $3,221 in Australia, rent included.

A family of three spends $9,479 per month in Monaco vs $4,261 in Australia, rent included.

Monaco costs about 340% more than Australia on average — the gap runs across housing, groceries, transport, and services.

Both Monaco and Australia are pricier than the global median – Monaco by 616%, Australia by 63%.

Monaco has a wider regional cost range ($5,106–$12,769) than Australia ($1,570–$2,819), so location matters more when choosing where to live in Monaco.

Meal at Budget Restaurant

$31.48 €26.85

$16.16 A$22.63

94.80%

Three-Course Dinner for Two, Mid-Range

$168 €144

$79.0 A$111

113.20%

Fast Food Meal (McDonalds, etc)

$12.52 €10.68

$9.63 A$13.48

30.01%

Cappuccino

$4.49 €3.83

$3.54 A$4.96

26.84%

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

$5.84 €4.98

$2.70 A$3.78

116.30%

Water (0.33 liter bottle)

$7.50 €6.39

$2.19 A$3.07

242.47%

Local Beer (0.5 liter draught)

$9.75 €8.32

$6.37 A$8.92

53.06%

Imported Beer (0.33 liter bottle)

$9.42 €8.03

$7.00 A$9.81

34.57%

Milk (1 liter)

$2.14 €1.82

$1.50 A$2.10

42.67%

White Bread (500g)

$5.33 €4.55

$2.51 A$3.51

112.35%

Rice (white) (1kg)

$4.27 €3.64

$2.09 A$2.92

104.31%

Eggs

$5.30 €4.52

$4.25 A$5.96

24.71%

Local Cheese (1kg)

$17.46 €14.90

$8.86 A$12.40

97.07%

Chicken Fillets (1kg)

$19.26 €16.43

$8.19 A$11.47

135.16%

Beef Round Steak (1kg)

$18.98 €16.19

$14.02 A$19.63

35.38%

Apples (1kg)

$4.78 €4.08

$3.11 A$4.36

53.70%

Banana (1kg)

$6.09 €5.19

$2.72 A$3.81

123.90%

Oranges (1kg)

$3.70 €3.15

$2.90 A$4.06

27.59%

Tomato (1kg)

$5.13 €4.38

$4.34 A$6.08

18.20%

Potato (1kg)

$4.19 €3.58

$2.56 A$3.58

63.67%

Onion (1kg)

$4.41 €3.77

$2.20 A$3.08

100.45%

Lettuce (1 head)

$3.76 €3.21

$2.21 A$3.09

70.14%

Water (1.5 liter bottle)

$6.86 €5.85

$1.52 A$2.12

351.32%

Cigarettes 20 Pack (Marlboro, Camel)

$14.67 €12.52

$31.34 A$43.87

-53.19%

Wine (Bottle)

$11.21 €9.56

$14.16 A$19.82

-20.83%

Local Beer (0.5 liter bottle)

$1.92 €1.64

$4.53 A$6.34

-57.62%

Imported Beer (0.33 liter bottle)

$5.15 €4.39

$4.92 A$6.88

4.67%

One-way Ticket (Public Transport)

$2.37 €2.02

$2.86 A$4.01

-17.13%

Public Transport Monthly Pass (Regular Price)

$25.14 €21.45

$96.9 A$136

-74.06%

Taxi Start (Normal Tariff)

$6.60 €5.63

$3.50 A$4.90

88.57%

Taxi (Normal Tariff) (1km)

$1.80 €1.54

$1.77 A$2.47

1.69%

Taxi 1hour Waiting (Normal Tariff)

$104 €88.4

$38.10 A$53.3

171.97%

Gasoline (1 liter)

$2.50 €2.13

$1.16 A$1.63

115.52%

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

$56.5K €48.2K

$29.5K A$41.2K

91.96%

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

$51.4K €43.9K

$22.9K A$32.1K

124.52%

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

$357 €304

$176 A$247

102.44%

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

$60.7 €51.7

$26.54 A$37.15

128.52%

Internet (50+ Mbps, Unlimited Data)

$69.3 €59.1

$53.5 A$74.9

29.50%

Gym Membership (Monthly)

$390 €332

$47.58 A$66.6

718.77%

Tennis Court (1 Hour on Weekend)

$44.55 €38.00

$16.94 A$23.71

162.99%

Cinema Ticket

$13.66 €11.65

$13.45 A$18.83

1.56%

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

$2,726 €2,325

$1,605 A$2,247

69.85%

International Primary School, 1 Child (Yearly)

$36.1K €30.8K

$12.5K A$17.5K

188.10%

Jeans (Levis 501 Or Similar)

$186 €159

$71.8 A$101

159.18%

Summer Dress (H&M, Zara, etc)

$84.1 €71.7

$50.9 A$71.3

65.06%

Sport Shoes (Adidas, Nike)

$198 €169

$100 A$140

97.47%

Men's Leather Business Shoes

$688 €587

$108 A$151

538.04%

1-bedroom Apartment, City Center (Monthly)

$7,074 €6,034

$1,395 A$1,953

407.07%

1-bedroom Apartment, Outside City Center (Monthly)

$8,041 €6,859

$1,096 A$1,534

633.73%

3-bedroom Apartment, City Center (Monthly)

$32.1K €27.4K

$2,320 A$3,248

1284.93%

3-bedroom Apartment, Outside City Center (Monthly)

$7,382 €6,297

$1,746 A$2,445

322.70%

Buy Apartment in City Center (m2)

$70.9K €60.5K

$7,516 A$10.5K

843.18%

Buy Apartment Outside City Center (m2)

$57.3K €48.8K

$5,564 A$7,790

929.23%

Average Monthly Net Salary (After Tax)

$9,734 €8,303

$4,033 A$5,646

141.39%

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: April 21, 2026

Last update for Australia: April 19, 2026

Cost Breakdown

Average rent: $3,616 in Monaco vs $1,234 in Australia. For reference, capital cities sit at $8,397 in Monaco and $1,569 in Canberra.

Average salary: $9,348 in Monaco vs $3,866 in Australia. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 193% higher in Monaco.

Dining out costs 104% more in Monaco.

Public transport is 219% more expensive in Australia.

Salaries are 142% higher in Monaco, giving Australia 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

Monaco vs Australia: Cost of Living - Frequently Asked Questions

Australia is the cheaper option – living costs run roughly 307% 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 307% 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.