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: $10.8K in Monaco versus $1,796 in Italy.

Estimated couple costs with rent: $10.8K in Monaco versus $2,739 in Italy.

Monthly costs for a family of three with rent: $10.8K in Monaco versus $3,682 in Italy.

Living in Monaco is roughly 502% more expensive than in Italy on average.

Both countries sit above the global median: Monaco 684% above, Italy 30% above.

Internal cost variation is higher in Monaco: monthly costs span $6,970 to $14.9K, compared to $1,152–$2,626 in Italy. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$29.42 €25.36

$21.24 €18.31

38.51%

Three-Course Dinner for Two, Mid-Range

$166 €143

$80.8 €69.7

105.05%

Fast Food Meal (McDonalds, etc)

$13.23 €11.40

$11.41 €9.84

15.95%

Cappuccino

$4.57 €3.94

$2.08 €1.79

119.71%

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

$6.13 €5.28

$3.05 €2.63

100.98%

Water (0.33 liter bottle)

$7.81 €6.73

$1.38 €1.19

465.94%

Local Beer (0.5 liter draught)

$10.34 €8.91

$5.79 €4.99

78.58%

Imported Beer (0.33 liter bottle)

$10.40 €8.96

$5.75 €4.96

80.87%

Milk (1 liter)

$2.00 €1.73

$1.70 €1.46

17.65%

White Bread (500g)

$4.79 €4.13

$2.41 €2.08

98.76%

Rice (white) (1kg)

$3.75 €3.24

$3.01 €2.59

24.58%

Eggs

$5.32 €4.59

$4.32 €3.72

23.15%

Local Cheese (1kg)

$18.78 €16.19

$17.93 €15.45

4.74%

Chicken Fillets (1kg)

$19.25 €16.59

$12.67 €10.92

51.93%

Beef Round Steak (1kg)

$23.22 €20.02

$20.57 €17.73

12.88%

Apples (1kg)

$3.90 €3.36

$2.62 €2.26

48.85%

Banana (1kg)

$6.02 €5.19

$2.15 €1.85

180.00%

Oranges (1kg)

$3.68 €3.18

$2.80 €2.41

31.43%

Tomato (1kg)

$6.02 €5.19

$3.32 €2.87

81.33%

Potato (1kg)

$4.85 €4.18

$2.10 €1.81

130.95%

Onion (1kg)

$4.88 €4.21

$1.89 €1.63

158.20%

Lettuce (1 head)

$3.61 €3.11

$1.55 €1.33

132.90%

Water (1.5 liter bottle)

$7.15 €6.16

$0.56 €0.48

1176.79%

Cigarettes 20 Pack (Marlboro, Camel)

$14.52 €12.51

$7.16 €6.17

102.79%

Wine (Bottle)

$11.10 €9.57

$7.35 €6.33

51.02%

Local Beer (0.5 liter bottle)

$2.00 €1.73

$1.80 €1.55

11.11%

Imported Beer (0.33 liter bottle)

$4.75 €4.09

$2.41 €2.07

97.10%

One-way Ticket (Public Transport)

$2.34 €2.01

$1.93 €1.66

21.24%

Public Transport Monthly Pass (Regular Price)

$25.79 €22.23

$45.24 €39.00

-42.99%

Taxi Start (Normal Tariff)

$5.77 €4.97

$5.74 €4.95

0.52%

Taxi (Normal Tariff) (1km)

$1.92 €1.66

$1.70 €1.47

12.94%

Taxi 1hour Waiting (Normal Tariff)

$103 €88.4

$35.25 €30.38

190.87%

Gasoline (1 liter)

$2.31 €1.99

$2.04 €1.76

13.24%

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

$57.2K €49.3K

$37.5K €32.3K

52.36%

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

$53.6K €46.2K

$37.1K €31.9K

44.52%

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

$401 €346

$231 €199

73.74%

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

$54.0 €46.55

$12.34 €10.64

337.68%

Internet (50+ Mbps, Unlimited Data)

$70.3 €60.6

$31.17 €26.87

125.67%

Gym Membership (Monthly)

$342 €295

$55.2 €47.62

519.46%

Tennis Court (1 Hour on Weekend)

$53.7 €46.24

$24.91 €21.47

115.38%

Cinema Ticket

$14.06 €12.12

$11.13 €9.59

26.33%

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

$2,745 €2,366

$568 €490

383.10%

International Primary School, 1 Child (Yearly)

$36.6K €31.5K

$12.5K €10.8K

192.07%

Jeans (Levis 501 Or Similar)

$207 €178

$93.0 €80.1

122.73%

Summer Dress (H&M, Zara, etc)

$86.2 €74.3

$39.82 €34.32

116.52%

Sport Shoes (Adidas, Nike)

$200 €172

$104 €89.8

91.67%

Men's Leather Business Shoes

$599 €517

$135 €116

343.82%

1-bedroom Apartment, City Center (Monthly)

$7,951 €6,854

$852 €734

833.51%

1-bedroom Apartment, Outside City Center (Monthly)

$6,332 €5,458

$645 €556

882.25%

3-bedroom Apartment, City Center (Monthly)

$11.2K €9,629

$1,449 €1,249

670.76%

3-bedroom Apartment, Outside City Center (Monthly)

$9,673 €8,338

$1,084 €935

791.95%

Buy Apartment in City Center (m2)

$66.5K €57.3K

$3,813 €3,287

1643.88%

Buy Apartment Outside City Center (m2)

$65.4K €56.4K

$2,357 €2,032

2675.11%

Average Monthly Net Salary (After Tax)

$9,359 €8,067

$1,933 €1,666

384.24%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

3.57

-20.73%

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

Last update for Monaco: September 5, 2026

Last update for Italy: September 5, 2026

Cost Breakdown

National rent averages: $3,999 in Monaco, $755 in Italy. Capital cities: $9,535 in Monaco vs $1,247 in Rome.

National salary averages: $9,539 in Monaco, $1,964 in Italy. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 430% higher in Monaco.

Dining out costs 104% more in Monaco.

Public transport is 43% more expensive in Italy.

Salaries are 386% higher in Monaco, and purchasing power comes out stronger in Italy.

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 $1,889 per month in Italy and $10.9K in Monaco, there's a 479% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Day-to-day life is simply cheaper in Italy: 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 is consistently higher than in 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 stretches only to regional areas and 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.