Cost of Living Comparison Between Monaco and Canada Cost of Living Comparison Between Monaco and Canada

Name: Canada
Address: CA

Monthly Cost of Living

A single person spends $9,429 per month in Monaco vs $2,320 in Canada, rent included.

A couple spends around $9,471 per month in Monaco vs $3,376 in Canada, rent included.

A family of three spends $9,512 per month in Monaco vs $4,432 in Canada, rent included.

The cost of living in Monaco is about 306% higher than in Canada on average – the gap runs across housing, groceries, transport, and services.

Both Monaco and Canada are pricier than the global median – Monaco by 608%, Canada by 74%.

The regional cost range is wider in Monaco ($5,103–$12.4K) than in Canada ($1,313–$3,141), so city choice matters more there.

Meal at Budget Restaurant

$30.69 €26.57

$18.11 CA$25.38

69.46%

Three-Course Dinner for Two, Mid-Range

$167 €144

$73.9 CA$104

125.49%

Fast Food Meal (McDonalds, etc)

$12.67 €10.97

$11.22 CA$15.72

12.92%

Cappuccino

$4.43 €3.84

$3.78 CA$5.30

17.20%

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

$5.76 €4.99

$2.16 CA$3.03

166.67%

Water (0.33 liter bottle)

$7.53 €6.52

$1.76 CA$2.46

327.84%

Local Beer (0.5 liter draught)

$10.00 €8.66

$5.87 CA$8.22

70.36%

Imported Beer (0.33 liter bottle)

$9.55 €8.27

$5.90 CA$8.27

61.86%

Milk (1 liter)

$2.08 €1.80

$2.20 CA$3.08

-5.45%

White Bread (500g)

$5.26 €4.55

$2.79 CA$3.92

88.53%

Rice (white) (1kg)

$4.27 €3.69

$3.64 CA$5.10

17.31%

Eggs

$5.24 €4.53

$3.52 CA$4.94

48.86%

Local Cheese (1kg)

$17.63 €15.27

$11.44 CA$16.02

54.11%

Chicken Fillets (1kg)

$18.98 €16.44

$12.51 CA$17.53

51.72%

Beef Round Steak (1kg)

$18.88 €16.35

$15.01 CA$21.04

25.78%

Apples (1kg)

$4.65 €4.03

$4.21 CA$5.91

10.45%

Banana (1kg)

$6.14 €5.32

$1.43 CA$2.00

329.37%

Oranges (1kg)

$3.78 €3.28

$3.94 CA$5.52

-4.06%

Tomato (1kg)

$5.23 €4.53

$4.14 CA$5.81

26.33%

Potato (1kg)

$4.08 €3.54

$2.77 CA$3.88

47.29%

Onion (1kg)

$4.25 €3.68

$2.77 CA$3.89

53.43%

Lettuce (1 head)

$3.78 €3.27

$2.55 CA$3.58

48.24%

Water (1.5 liter bottle)

$6.83 €5.91

$1.86 CA$2.61

267.20%

Cigarettes 20 Pack (Marlboro, Camel)

$14.75 €12.77

$14.58 CA$20.43

1.17%

Wine (Bottle)

$10.70 €9.27

$13.23 CA$18.54

-19.12%

Local Beer (0.5 liter bottle)

$2.04 €1.77

$2.94 CA$4.11

-30.61%

Imported Beer (0.33 liter bottle)

$5.03 €4.36

$3.27 CA$4.58

53.82%

One-way Ticket (Public Transport)

$2.33 €2.02

$2.61 CA$3.65

-10.73%

Public Transport Monthly Pass (Regular Price)

$25.45 €22.04

$78.3 CA$110

-67.51%

Taxi Start (Normal Tariff)

$6.91 €5.98

$3.51 CA$4.92

96.87%

Taxi (Normal Tariff) (1km)

$1.79 €1.55

$1.55 CA$2.17

15.48%

Taxi 1hour Waiting (Normal Tariff)

$104 €90.0

$28.70 CA$40.22

262.06%

Gasoline (1 liter)

$2.41 €2.09

$1.20 CA$1.68

100.83%

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

$56.7K €49.1K

$24.6K CA$34.5K

130.16%

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

$52.0K €45.1K

$20.6K CA$28.8K

153.18%

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

$348 €302

$155 CA$217

124.59%

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

$60.5 €52.4

$46.34 CA$64.9

30.62%

Internet (50+ Mbps, Unlimited Data)

$69.2 €59.9

$63.5 CA$89.0

8.94%

Gym Membership (Monthly)

$392 €339

$42.90 CA$60.1

812.75%

Tennis Court (1 Hour on Weekend)

$45.20 €39.14

$17.87 CA$25.04

152.94%

Cinema Ticket

$13.63 €11.80

$11.50 CA$16.11

18.52%

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

$2,756 €2,386

$815 CA$1,142

238.07%

International Primary School, 1 Child (Yearly)

$35.8K €31.0K

$12.0K CA$16.9K

197.62%

Jeans (Levis 501 Or Similar)

$192 €166

$55.7 CA$78.0

244.12%

Summer Dress (H&M, Zara, etc)

$85.7 €74.2

$42.56 CA$59.6

101.25%

Sport Shoes (Adidas, Nike)

$200 €173

$88.2 CA$124

126.70%

Men's Leather Business Shoes

$674 €584

$108 CA$151

527.22%

1-bedroom Apartment, City Center (Monthly)

$7,148 €6,190

$1,332 CA$1,866

436.74%

1-bedroom Apartment, Outside City Center (Monthly)

$8,194 €7,096

$1,177 CA$1,649

596.25%

3-bedroom Apartment, City Center (Monthly)

$32.3K €28.0K

$2,194 CA$3,074

1373.97%

3-bedroom Apartment, Outside City Center (Monthly)

$7,546 €6,535

$1,888 CA$2,645

299.76%

Buy Apartment in City Center (m2)

$64.4K €55.8K

$4,592 CA$6,435

1302.06%

Buy Apartment Outside City Center (m2)

$63.7K €55.2K

$3,805 CA$5,332

1575.38%

Average Monthly Net Salary (After Tax)

$9,519 €8,244

$2,913 CA$4,081

226.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

6.33

-55.29%

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

Last update for Monaco: July 26, 2026

Last update for Canada: July 25, 2026

Cost Breakdown

Average rent: $3,621 in Monaco vs $1,283 in Canada. For reference, capital cities sit at $8,404 in Monaco and $1,468 in Ottawa.

Average salary: $9,472 in Monaco vs $2,911 in Canada. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 182% higher in Monaco.

Dining out costs 135% more in Monaco.

Public transport is 210% more expensive in Canada.

Salaries are 225% higher in Monaco, and purchasing power comes out stronger in Canada.

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 Canada: Cost of Living - Frequently Asked Questions

Canada is the cheaper option – living costs run roughly 293% 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 Canada, contributing to the overall 293% price gap. The savings show up everywhere – from supermarket receipts to monthly bills.

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

Canada 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.