Last update: Oct 2026

Cost of Living Comparison Between Monaco and Canada

Name: Canada
Address: CA

For one person, living is cheaper in Canada: $2,305 a month against $9,142 in Monaco, rent and utilities included – about $82,000 less a year. Rent and utilities account for most of the difference.

442

Cost of Living Index in Monaco
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Monaco Living Index
111

Cost of Living Index in Canada
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Canada Living Index

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🇲🇨 Monaco

$9,142

/mo nomad

🇨🇦 Canada

$2,305

/mo nomad

Monthly Cost of Living

How much you'll spend in Monaco and in Canada

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 Canada actually costs, broken down by who's living it.

A single person spends $9,142 per month in Monaco vs $2,305 in Canada, rent included.

Monaco $9,142
Canada $2,305

A couple spends around $12.0K per month in Monaco vs $3,339 in Canada, rent included.

Monaco $12.0K
Canada $3,339

A family of three spends $14.9K per month in Monaco vs $4,374 in Canada, rent included.

Monaco $14.9K
Canada $4,374

The regional cost range is wider in Monaco ($8,081–$13.9K) than in Canada ($889–$3,671), so city choice matters more there.

The cost of living in Monaco is about 297% higher than in Canada on average.

Both Monaco and Canada are pricier than the global median – Monaco by 582%, Canada by 72%.

Meal at Budget Restaurant

$28.01 €25.00

$17.69 CA$25.22

58.34%

Three-Course Dinner for Two, Mid-Range

$161 €144

$70.6 CA$101

128.29%

Fast Food Meal (McDonalds, etc)

$12.67 €11.31

$10.71 CA$15.27

18.30%

Cappuccino

$4.24 €3.78

$3.72 CA$5.30

13.98%

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

$5.88 €5.25

$2.07 CA$2.95

184.06%

Water (0.33 liter bottle)

$7.57 €6.75

$1.66 CA$2.36

356.02%

Local Beer (0.5 liter draught)

$10.24 €9.13

$5.69 CA$8.11

79.96%

Imported Beer (0.33 liter bottle)

$9.77 €8.72

$5.76 CA$8.20

69.62%

Milk (1 liter)

$1.85 €1.65

$2.13 CA$3.04

-13.15%

White Bread (500g)

$4.50 €4.02

$2.68 CA$3.82

67.91%

Rice (white) (1kg)

$3.69 €3.30

$3.60 CA$5.13

2.50%

Eggs

$5.12 €4.57

$3.51 CA$5.00

45.87%

Local Cheese (1kg)

$17.98 €16.05

$10.72 CA$15.29

67.72%

Chicken Fillets (1kg)

$18.99 €16.95

$11.91 CA$16.98

59.45%

Beef Round Steak (1kg)

$22.45 €20.03

$15.29 CA$21.80

46.83%

Apples (1kg)

$3.80 €3.39

$3.98 CA$5.68

-4.52%

Banana (1kg)

$6.01 €5.37

$1.36 CA$1.94

341.91%

Oranges (1kg)

$3.72 €3.32

$3.84 CA$5.47

-3.12%

Tomato (1kg)

$6.13 €5.47

$4.06 CA$5.78

50.99%

Potato (1kg)

$4.74 €4.23

$2.56 CA$3.65

85.16%

Onion (1kg)

$4.95 €4.41

$2.42 CA$3.45

104.55%

Lettuce (1 head)

$3.63 €3.24

$2.57 CA$3.66

41.25%

Water (1.5 liter bottle)

$6.75 €6.03

$1.69 CA$2.41

299.41%

Cigarettes 20 Pack (Marlboro, Camel)

$15.54 €13.86

$13.94 CA$19.86

11.48%

Wine (Bottle)

$7.70 €6.87

$13.26 CA$18.90

-41.93%

Local Beer (0.5 liter bottle)

$1.97 €1.76

$2.86 CA$4.07

-31.12%

Imported Beer (0.33 liter bottle)

$4.40 €3.92

$3.26 CA$4.64

34.97%

One-way Ticket (Public Transport)

$2.26 €2.02

$2.41 CA$3.44

-6.22%

Public Transport Monthly Pass (Regular Price)

$24.42 €21.80

$71.8 CA$102

-65.98%

Taxi Start (Normal Tariff)

$5.44 €4.86

$3.05 CA$4.35

78.36%

Taxi (Normal Tariff) (1km)

$1.97 €1.75

$1.44 CA$2.05

36.81%

Taxi 1hour Waiting (Normal Tariff)

$99.3 €88.7

$26.68 CA$38.02

272.34%

Gasoline (1 liter)

$2.32 €2.07

$1.17 CA$1.67

98.29%

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

$54.2K €48.4K

$27.7K CA$39.5K

95.61%

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

$50.7K €45.2K

$19.4K CA$27.7K

160.81%

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

$403 €360

$147 CA$210

173.80%

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

$53.7 €47.88

$41.33 CA$58.9

29.83%

Internet (50+ Mbps, Unlimited Data)

$68.9 €61.4

$57.9 CA$82.5

19.01%

Gym Membership (Monthly)

$283 €252

$40.41 CA$57.6

599.95%

Tennis Court (1 Hour on Weekend)

$52.3 €46.70

$19.23 CA$27.40

172.18%

Cinema Ticket

$13.50 €12.05

$11.07 CA$15.78

21.95%

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

$2,637 €2,353

$757 CA$1,079

248.27%

International Primary School, 1 Child (Yearly)

$35.0K €31.2K

$14.3K CA$20.3K

145.36%

Jeans (Levis 501 Or Similar)

$195 €174

$54.2 CA$77.3

260.27%

Summer Dress (H&M, Zara, etc)

$81.3 €72.6

$39.79 CA$56.7

104.40%

Sport Shoes (Adidas, Nike)

$193 €173

$87.6 CA$125

120.72%

Men's Leather Business Shoes

$586 €523

$101 CA$144

480.47%

1-bedroom Apartment, City Center (Monthly)

$9,331 €8,327

$1,278 CA$1,822

629.86%

1-bedroom Apartment, Outside City Center (Monthly)

$6,752 €6,026

$1,107 CA$1,578

509.86%

3-bedroom Apartment, City Center (Monthly)

$13.7K €12.2K

$2,035 CA$2,901

573.85%

3-bedroom Apartment, Outside City Center (Monthly)

$9,294 €8,294

$1,741 CA$2,481

433.95%

Buy Apartment in City Center (m2)

$72.4K €64.7K

$4,611 CA$6,572

1471.23%

Buy Apartment Outside City Center (m2)

$69.4K €61.9K

$3,822 CA$5,448

1715.64%

Average Monthly Net Salary (After Tax)

$9,270 €8,272

$2,975 CA$4,240

211.60%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

4.87

-41.89%

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

Last update for Monaco: October 4, 2026

Last update for Canada: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Monaco

$6.8K 74.1%

Canada

$1.1K 48.6% 83.6% $5.6K

Groceries & Markets

Monaco

$569 6.2%

Canada

$368 16.2% 35.3% $201

Monthly Utilities & Internet

Monaco

$526 5.8%

Canada

$246 10.8% 53.1% $279

Clothing & Footwear

Monaco

$475 5.2%

Canada

$127 5.6% 73.2% $348

Eating Out

Monaco

$437 4.8%

Canada

$273 12% 37.6% $164

Sport & Entertainment

Monaco

$310 3.4%

Canada

$63 2.8% 79.8% $247

Getting Around

Monaco

$49 0.5%

Canada

$92 4% 88.1% $43

Cost Breakdown

Average rent: $3,951 in Monaco vs $1,193 in Canada. For reference, capital cities sit at $9,011 in Monaco and $1,490 in Ottawa.

Average salary: $9,240 in Monaco vs $2,896 in Canada. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 231% higher in Monaco.

Dining out costs 140% more in Monaco.

Public transport is 100% more expensive in Canada.

Salaries are 219% higher in Monaco, and purchasing power comes out stronger in Canada.

Good to know

🇲🇨 Monaco

🇨🇦 Canada

🕒 Local time

11:19 11:19 AM

05:19 5:19 AM

6 h behind Monaco

🌤 Weather

👥 Population

38,350

36,991,981

💱 Currency

Euro EUR €

Canadian Dollar CAD $

📈 Exchange rate

1 EUR = 1.12 USD

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

Exchange rates and currency converter

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Between locations

Monaco Canada 6,270 km ≈ 8 h nonstop flight

From you

Monaco
Canada

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 Canada: Cost of Living - Frequently Asked Questions

Canada is the cheaper option – living costs run roughly 297% lower on average.

Housing costs more in Monaco: a central one-bedroom averages $3,951 versus $1,193 in Canada.

$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.