For one person, living is cheaper in Australia: $2,537 a month against $9,142 in Monaco, rent and utilities included – about $79,300 less a year. Rent and utilities account for most of the difference.
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 Australia actually costs, broken down by who's living it.
A single person spends $9,142 per month in Monaco vs $2,537 in Australia, rent included.
Monaco $9,142
Australia $2,537
A couple spends around $12.0K per month in Monaco vs $3,682 in Australia, rent included.
Monaco $12.0K
Australia $3,682
A family of three spends $14.9K per month in Monaco vs $4,828 in Australia, rent included.
Monaco $14.9K
Australia $4,828
📏
The regional cost range is wider in Monaco ($8,081–$13.9K) than in Australia ($1,614–$3,182), so city choice matters more there.
🌍
The cost of living in Monaco is about 260% higher than in Australia on average.
📊
Both Monaco and Australia are pricier than the global median – Monaco by 582%, Australia by 89%.
Currency
No currencies found
🍽 Eating Out
Monaco
Australia
Difference
Meal at Budget Restaurant
$28.01€24.98
$17.66A$25.36
58.61%
Three-Course Dinner for Two, Mid-Range
$161€144
$82.8A$119
94.70%
Fast Food Meal(McDonalds, etc)
$12.67€11.30
$11.22A$16.11
12.92%
Cappuccino
$4.24€3.78
$3.85A$5.53
10.13%
Coke/Pepsi/Fanta/Sprite(0.33 liter bottle)
$5.88€5.24
$2.85A$4.09
106.32%
Water(0.33 liter bottle)
$7.57€6.75
$2.37A$3.40
219.41%
Local Beer(0.5 liter draught)
$10.24€9.13
$7.85A$11.28
30.45%
Imported Beer(0.33 liter bottle)
$9.77€8.71
$8.49A$12.20
15.08%
🛒 Groceries & Markets
Monaco
Australia
Difference
Milk(1 liter)
$1.85€1.65
$1.74A$2.49
6.32%
White Bread(500g)
$4.50€4.01
$2.78A$4.00
61.87%
Rice(white)(1kg)
$3.69€3.29
$2.21A$3.17
66.97%
Eggs
$5.12€4.57
$5.06A$7.27
1.19%
Local Cheese(1kg)
$17.98€16.03
$9.87A$14.17
82.17%
Chicken Fillets(1kg)
$18.99€16.93
$8.95A$12.85
112.18%
Beef Round Steak(1kg)
$22.45€20.01
$14.71A$21.13
52.62%
Apples(1kg)
$3.80€3.39
$3.76A$5.41
1.06%
Banana(1kg)
$6.01€5.36
$2.99A$4.30
101.00%
Oranges(1kg)
$3.72€3.32
$3.10A$4.45
20.00%
Tomato(1kg)
$6.13€5.47
$4.62A$6.64
32.68%
Potato(1kg)
$4.74€4.22
$2.82A$4.05
68.09%
Onion(1kg)
$4.95€4.41
$2.30A$3.30
115.22%
Lettuce(1 head)
$3.63€3.23
$2.32A$3.33
56.47%
Water(1.5 liter bottle)
$6.75€6.02
$1.71A$2.45
294.74%
Cigarettes 20 Pack(Marlboro, Camel)
$15.54€13.85
$38.17A$54.8
-59.29%
Wine(Bottle)
$7.70€6.87
$13.77A$19.78
-44.08%
Local Beer(0.5 liter bottle)
$1.97€1.75
$4.91A$7.05
-59.88%
Imported Beer(0.33 liter bottle)
$4.40€3.92
$5.02A$7.22
-12.35%
🚌 Getting Around
Monaco
Australia
Difference
One-way Ticket(Public Transport)
$2.26€2.02
$2.84A$4.08
-20.42%
Public Transport Monthly Pass(Regular Price)
$24.42€21.78
$94.3A$135
-74.10%
Taxi Start(Normal Tariff)
$5.44€4.85
$3.44A$4.94
58.14%
Taxi(Normal Tariff)(1km)
$1.97€1.75
$1.59A$2.28
23.90%
Taxi 1hour Waiting(Normal Tariff)
$99.3€88.6
$39.37A$56.5
152.32%
Gasoline(1 liter)
$2.32€2.07
$1.31A$1.89
77.10%
Midsize Hatchback 1.4l(Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$54.2K€48.3K
$27.7KA$39.8K
95.50%
Compact Sedan 1.6l(Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$50.7K€45.2K
$28.1KA$40.3K
80.54%
🧾 Monthly Utilities & Internet
Monaco
Australia
Difference
Utilities for 2 People in 2-bedroom Apartment(Heating, Electricity, Gas, Water, Garbage)(85m2)
$403€359
$201A$289
100.45%
SIM Card Monthly Plan(Calls and 10GB+ Data)
$53.7€47.84
$28.45A$40.87
88.61%
Internet(50+ Mbps, Unlimited Data)
$68.9€61.4
$57.4A$82.5
19.95%
🎉 Sport & Entertainment
Monaco
Australia
Difference
Gym Membership(Monthly)
$283€252
$56.7A$81.4
399.29%
Tennis Court(1 Hour on Weekend)
$52.3€46.66
$19.28A$27.70
171.47%
Cinema Ticket
$13.50€12.04
$15.07A$21.64
-10.42%
🧸 Childcare & Education
Monaco
Australia
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child(Monthly)
$2,637€2,351
$2,116A$3,039
24.63%
International Primary School, 1 Child(Yearly)
$35.0K€31.2K
$18.3KA$26.2K
91.48%
👕👟 Clothing & Footwear
Monaco
Australia
Difference
Jeans(Levis 501 Or Similar)
$195€174
$79.5A$114
145.62%
Summer Dress(H&M, Zara, etc)
$81.3€72.5
$54.9A$78.8
48.25%
Sport Shoes(Adidas, Nike)
$193€172
$113A$162
71.79%
Men's Leather Business Shoes
$586€522
$122A$175
380.25%
🏠 Accommodation & Living
Monaco
Australia
Difference
1-bedroom Apartment, City Center(Monthly)
$9,331€8,319
$1,582A$2,273
489.76%
1-bedroom Apartment, Outside City Center(Monthly)
$6,752€6,020
$1,225A$1,759
451.32%
3-bedroom Apartment, City Center(Monthly)
$13.7K€12.2K
$2,409A$3,460
469.43%
3-bedroom Apartment, Outside City Center(Monthly)
$9,294€8,286
$1,911A$2,744
386.41%
Buy Apartment in City Center(m2)
$72.4K€64.6K
$7,995A$11.5K
806.19%
Buy Apartment Outside City Center(m2)
$69.4K€61.9K
$5,968A$8,573
1062.80%
💵 Salaries & Financials
Monaco
Australia
Difference
Average Monthly Net Salary(After Tax)
$9,270€8,265
$3,926A$5,640
136.08%
20-Year Fixed Mortgage Interest Rate(Annual %)
2.83
5.92
-52.20%
CityCost data is based on AI and user input – minor inaccuracies may occur.
Last update for Monaco: October 4, 2026
Last update for Australia: October 4, 2026
Monthly budget structure
Share of the monthly basket for one person, rent included.
Share of the monthly basket for a family of three, rent included.
🏠Accommodation & Living
Monaco
$6.8K 74.1%
Australia
$1.2K 48% ↓ 81.9%$5.5K
🛒Groceries & Markets
Monaco
$569 6.2%
Australia
$370 14.5% ↓ 35%$199
🧾Monthly Utilities & Internet
Monaco
$526 5.8%
Australia
$287 11.3% ↓ 45.4%$239
👕👟Clothing & Footwear
Monaco
$475 5.2%
Australia
$166 6.5% ↓ 65.1%$309
🍽Eating Out
Monaco
$437 4.8%
Australia
$298 11.7% ↓ 31.8%$139
🎉Sport & Entertainment
Monaco
$310 3.4%
Australia
$87 3.4% ↓ 72%$223
🚌Getting Around
Monaco
$49 0.5%
Australia
$117 4.6% ↑ 140%$68
🏠Accommodation & Living
Monaco
$9.3K 63.3%
Australia
$1.9K 39.2% ↓ 79.4%$7.4K
🛒Groceries & Markets
Monaco
$1.3K 9%
Australia
$839 17.2% ↓ 36.3%$478
🧾Monthly Utilities & Internet
Monaco
$579 3.9%
Australia
$315 6.5% ↓ 45.5%$264
👕👟Clothing & Footwear
Monaco
$1.1K 7.2%
Australia
$369 7.6% ↓ 65.1%$687
🍽Eating Out
Monaco
$1.7K 11.4%
Australia
$1K 20.7% ↓ 39.9%$668
🎉Sport & Entertainment
Monaco
$672 4.6%
Australia
$193 4% ↓ 71.3%$479
🚌Getting Around
Monaco
$102 0.7%
Australia
$240 4.9% ↑ 135%$138
Cost Breakdown
🏠Average rent: $3,951 in Monaco vs $1,371 in Australia. For reference, capital cities sit at $9,011 in Monaco and $1,711 in Canberra.
💰Average salary: $9,240 in Monaco vs $3,856 in Australia. The income gap affects purchasing power and how far your budget stretches in each country.
Cost Highlights
⭐Rent is 188% higher in Monaco.
⭐Dining out costs 82% more in Monaco.
⭐Public transport is 162% more expensive in Australia.
⭐Salaries are 140% higher in Monaco, and purchasing power comes out stronger in Australia.
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 Australia: Cost of Living - Frequently Asked Questions
Is Australia more expensive than Monaco?
Australia is the cheaper option – living costs run roughly 260% lower on average.
Which country has higher housing costs?
Housing costs more in Monaco: a central one-bedroom averages $3,951 versus $1,371 in Australia.
Is $2,500 a realistic budget in Australia or in Monaco?
$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.
Should I move to Australia or to Monaco?
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.
