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 $9,590 per month in Monaco vs $2,322 in Canada, rent included.

A couple spends around $9,535 per month in Monaco vs $3,376 in Canada, rent included.

A family of three spends $9,479 per month in Monaco vs $4,430 in Canada, rent included.

Monaco costs about 313% more than Canada on average — the gap runs across housing, groceries, transport, and services.

Both Monaco and Canada are pricier than the global median – Monaco by 616%, Canada by 73%.

Monaco has a wider regional cost range ($5,106–$12,769) than Canada ($1,331–$3,130), so location matters more when choosing where to live in Monaco.

Meal at Budget Restaurant

$31.48 €26.85

$18.54 CA$25.41

69.80%

Three-Course Dinner for Two, Mid-Range

$168 €144

$72.6 CA$99.4

131.91%

Fast Food Meal (McDonalds, etc)

$12.52 €10.68

$11.14 CA$15.26

12.39%

Cappuccino

$4.49 €3.83

$3.78 CA$5.18

18.78%

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

$5.84 €4.98

$2.09 CA$2.86

179.43%

Water (0.33 liter bottle)

$7.50 €6.39

$1.70 CA$2.33

341.18%

Local Beer (0.5 liter draught)

$9.75 €8.32

$5.78 CA$7.91

68.69%

Imported Beer (0.33 liter bottle)

$9.42 €8.03

$6.05 CA$8.29

55.70%

Milk (1 liter)

$2.14 €1.82

$2.32 CA$3.18

-7.76%

White Bread (500g)

$5.33 €4.55

$2.72 CA$3.72

95.96%

Rice (white) (1kg)

$4.27 €3.64

$3.79 CA$5.19

12.66%

Eggs

$5.30 €4.52

$3.58 CA$4.91

48.04%

Local Cheese (1kg)

$17.46 €14.90

$11.69 CA$16.02

49.36%

Chicken Fillets (1kg)

$19.26 €16.43

$12.11 CA$16.59

59.04%

Beef Round Steak (1kg)

$18.98 €16.19

$15.21 CA$20.84

24.79%

Apples (1kg)

$4.78 €4.08

$4.26 CA$5.84

12.21%

Banana (1kg)

$6.09 €5.19

$1.50 CA$2.05

306.00%

Oranges (1kg)

$3.70 €3.15

$3.84 CA$5.26

-3.65%

Tomato (1kg)

$5.13 €4.38

$4.10 CA$5.62

25.12%

Potato (1kg)

$4.19 €3.58

$2.66 CA$3.65

57.52%

Onion (1kg)

$4.41 €3.77

$2.68 CA$3.67

64.55%

Lettuce (1 head)

$3.76 €3.21

$2.66 CA$3.65

41.35%

Water (1.5 liter bottle)

$6.86 €5.85

$1.83 CA$2.50

274.86%

Cigarettes 20 Pack (Marlboro, Camel)

$14.67 €12.52

$14.89 CA$20.41

-1.48%

Wine (Bottle)

$11.21 €9.56

$13.26 CA$18.16

-15.46%

Local Beer (0.5 liter bottle)

$1.92 €1.64

$2.94 CA$4.03

-34.69%

Imported Beer (0.33 liter bottle)

$5.15 €4.39

$3.31 CA$4.53

55.59%

One-way Ticket (Public Transport)

$2.37 €2.02

$2.64 CA$3.61

-10.23%

Public Transport Monthly Pass (Regular Price)

$25.14 €21.45

$76.8 CA$105

-67.27%

Taxi Start (Normal Tariff)

$6.60 €5.63

$3.36 CA$4.61

96.43%

Taxi (Normal Tariff) (1km)

$1.80 €1.54

$1.52 CA$2.08

18.42%

Taxi 1hour Waiting (Normal Tariff)

$104 €88.4

$28.96 CA$39.67

257.80%

Gasoline (1 liter)

$2.50 €2.13

$1.16 CA$1.58

115.52%

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

$56.5K €48.2K

$25.5K CA$34.9K

121.73%

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

$51.4K €43.9K

$21.1K CA$28.9K

144.21%

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

$357 €304

$155 CA$212

130.18%

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

$60.7 €51.7

$46.72 CA$64.0

29.82%

Internet (50+ Mbps, Unlimited Data)

$69.3 €59.1

$63.8 CA$87.5

8.54%

Gym Membership (Monthly)

$390 €332

$42.41 CA$58.1

818.58%

Tennis Court (1 Hour on Weekend)

$44.55 €38.00

$17.90 CA$24.52

148.88%

Cinema Ticket

$13.66 €11.65

$11.50 CA$15.75

18.78%

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

$2,726 €2,325

$822 CA$1,126

231.75%

International Primary School, 1 Child (Yearly)

$36.1K €30.8K

$12.0K CA$16.4K

201.13%

Jeans (Levis 501 Or Similar)

$186 €159

$56.9 CA$77.9

227.37%

Summer Dress (H&M, Zara, etc)

$84.1 €71.7

$41.82 CA$57.3

101.05%

Sport Shoes (Adidas, Nike)

$198 €169

$90.1 CA$123

119.34%

Men's Leather Business Shoes

$688 €587

$110 CA$151

526.19%

1-bedroom Apartment, City Center (Monthly)

$7,074 €6,034

$1,380 CA$1,890

412.73%

1-bedroom Apartment, Outside City Center (Monthly)

$8,041 €6,859

$1,207 CA$1,654

565.98%

3-bedroom Apartment, City Center (Monthly)

$32.1K €27.4K

$2,195 CA$3,007

1364.11%

3-bedroom Apartment, Outside City Center (Monthly)

$7,382 €6,297

$1,828 CA$2,504

303.83%

Buy Apartment in City Center (m2)

$70.9K €60.5K

$4,856 CA$6,653

1359.80%

Buy Apartment Outside City Center (m2)

$57.3K €48.8K

$3,967 CA$5,435

1343.40%

Average Monthly Net Salary (After Tax)

$9,734 €8,303

$3,011 CA$4,124

223.34%

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: April 21, 2026

Last update for Canada: April 21, 2026

Cost Breakdown

Average rent: $3,616 in Monaco vs $1,281 in Canada. For reference, capital cities sit at $8,397 in Monaco and $1,479 in Ottawa.

Average salary: $9,348 in Monaco vs $2,997 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 131% more in Monaco.

Public transport is 214% more expensive in Canada.

Salaries are 212% higher in Monaco, giving Canada 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 Canada: Cost of Living - Frequently Asked Questions

Canada is the cheaper option – living costs run roughly 301% 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 301% 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.