Cost of Living Comparison Between Monaco and Italy Cost of Living Comparison Between Monaco and Italy

Name: Italy
Address: IT

Monthly Cost of Living

Monthly costs for one person with rent: $9,590 in Monaco versus $1,718 in Italy.

Estimated couple costs with rent: $9,535 in Monaco versus $2,623 in Italy.

Monthly costs for a family of three with rent: $9,479 in Monaco versus $3,527 in Italy.

Living in Monaco is roughly 458% more expensive than Italy on average.

Both countries sit above the global median: Monaco 616% above, Italy 28% above.

Internal cost variation is higher in Monaco: monthly costs span $5,106 to $12,769, compared to $1,195–$2,531 in Italy. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$31.48 €26.85

$17.20 €14.67

83.02%

Three-Course Dinner for Two, Mid-Range

$168 €144

$81.2 €69.3

107.27%

Fast Food Meal (McDonalds, etc)

$12.52 €10.68

$11.40 €9.72

9.82%

Cappuccino

$4.49 €3.83

$1.91 €1.63

135.08%

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

$5.84 €4.98

$2.86 €2.44

104.20%

Water (0.33 liter bottle)

$7.50 €6.39

$1.33 €1.13

463.91%

Local Beer (0.5 liter draught)

$9.75 €8.32

$5.89 €5.03

65.53%

Imported Beer (0.33 liter bottle)

$9.42 €8.03

$5.12 €4.37

83.98%

Milk (1 liter)

$2.14 €1.82

$1.64 €1.40

30.49%

White Bread (500g)

$5.33 €4.55

$2.30 €1.96

131.74%

Rice (white) (1kg)

$4.27 €3.64

$3.03 €2.59

40.92%

Eggs

$5.30 €4.52

$4.09 €3.49

29.58%

Local Cheese (1kg)

$17.46 €14.90

$16.26 €13.87

7.38%

Chicken Fillets (1kg)

$19.26 €16.43

$12.24 €10.44

57.35%

Beef Round Steak (1kg)

$18.98 €16.19

$20.45 €17.44

-7.19%

Apples (1kg)

$4.78 €4.08

$2.55 €2.17

87.45%

Banana (1kg)

$6.09 €5.19

$2.12 €1.81

187.26%

Oranges (1kg)

$3.70 €3.15

$2.68 €2.29

38.06%

Tomato (1kg)

$5.13 €4.38

$3.38 €2.89

51.78%

Potato (1kg)

$4.19 €3.58

$2.00 €1.71

109.50%

Onion (1kg)

$4.41 €3.77

$1.88 €1.60

134.57%

Lettuce (1 head)

$3.76 €3.21

$1.47 €1.25

155.78%

Water (1.5 liter bottle)

$6.86 €5.85

$0.54 €0.46

1170.37%

Cigarettes 20 Pack (Marlboro, Camel)

$14.67 €12.52

$6.75 €5.75

117.33%

Wine (Bottle)

$11.21 €9.56

$7.18 €6.12

56.13%

Local Beer (0.5 liter bottle)

$1.92 €1.64

$1.80 €1.54

6.67%

Imported Beer (0.33 liter bottle)

$5.15 €4.39

$2.45 €2.09

110.20%

One-way Ticket (Public Transport)

$2.37 €2.02

$2.02 €1.73

17.33%

Public Transport Monthly Pass (Regular Price)

$25.14 €21.45

$41.49 €35.39

-39.41%

Taxi Start (Normal Tariff)

$6.60 €5.63

$5.77 €4.92

14.38%

Taxi (Normal Tariff) (1km)

$1.80 €1.54

$1.53 €1.30

17.65%

Taxi 1hour Waiting (Normal Tariff)

$104 €88.4

$35.33 €30.14

193.29%

Gasoline (1 liter)

$2.50 €2.13

$2.12 €1.81

17.92%

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

$56.5K €48.2K

$32.3K €27.5K

75.24%

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

$51.4K €43.9K

$33.4K €28.5K

53.99%

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

$357 €304

$224 €191

59.61%

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

$60.7 €51.7

$13.24 €11.29

358.08%

Internet (50+ Mbps, Unlimited Data)

$69.3 €59.1

$30.96 €26.41

123.77%

Gym Membership (Monthly)

$390 €332

$56.6 €48.30

588.04%

Tennis Court (1 Hour on Weekend)

$44.55 €38.00

$25.11 €21.42

77.42%

Cinema Ticket

$13.66 €11.65

$10.32 €8.80

32.36%

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

$2,726 €2,325

$563 €481

383.92%

International Primary School, 1 Child (Yearly)

$36.1K €30.8K

$10.6K €9,063

239.40%

Jeans (Levis 501 Or Similar)

$186 €159

$90.1 €76.9

106.50%

Summer Dress (H&M, Zara, etc)

$84.1 €71.7

$40.60 €34.63

107.09%

Sport Shoes (Adidas, Nike)

$198 €169

$100 €85.4

97.57%

Men's Leather Business Shoes

$688 €587

$133 €113

419.15%

1-bedroom Apartment, City Center (Monthly)

$7,074 €6,034

$864 €737

718.54%

1-bedroom Apartment, Outside City Center (Monthly)

$8,041 €6,859

$668 €570

1103.29%

3-bedroom Apartment, City Center (Monthly)

$32.1K €27.4K

$1,473 €1,257

2080.92%

3-bedroom Apartment, Outside City Center (Monthly)

$7,382 €6,297

$1,088 €928

578.35%

Buy Apartment in City Center (m2)

$70.9K €60.5K

$3,808 €3,248

1761.59%

Buy Apartment Outside City Center (m2)

$57.3K €48.8K

$2,454 €2,093

2233.55%

Average Monthly Net Salary (After Tax)

$9,734 €8,303

$1,935 €1,651

402.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

4.41

-35.83%

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

Last update for Monaco: April 21, 2026

Last update for Italy: April 21, 2026

Cost Breakdown

National rent averages: $3,616 in Monaco, $742 in Italy. Capital cities: $8,397 in Monaco vs $1,366 in Rome.

National salary averages: $9,348 in Monaco, $1,935 in Italy. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 387% higher in Monaco.

Dining out costs 112% more in Monaco.

Public transport is 110% more expensive in Italy.

Salaries are 383% higher in Monaco, giving Italy 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 Italy: Cost of Living - Frequently Asked Questions

At $1,863 per month in Italy and $8,938 in Monaco, there's a 380% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Italy is simply cheaper day-to-day: lower food prices, cheaper commutes, smaller household bills. Over time, those daily savings make a real difference to your monthly budget and ability to put money away.

Rent in Monaco beats Italy across the board, especially in major cities. Housing is usually the single biggest driver of the overall cost difference between the two countries.

In Italy, $2,500 covers most cities easily. In Monaco, it works in regional areas but falls short in the capital – you'll need to make trade-offs on housing or lifestyle.

It depends on what you're after. Italy wins on affordability; Monaco may offer higher salaries, better infrastructure, and different cultural perks. Both attract large expat communities for different reasons.