Last update: Oct 2026

Cost of Living Comparison Between Monaco and Italy

Name: Italy
Address: IT

For one person, living is cheaper in Italy: $1,843 a month against $9,177 in Monaco, rent and utilities included – about $88,000 less a year. Rent and utilities account for most of the difference.

437

Cost of Living Index in Monaco
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Monaco Living Index
88

Cost of Living Index in Italy
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Italy Living Index

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🇲🇨 Monaco

$9,177

/mo nomad

🇮🇹 Italy

$1,843

/mo nomad

Monthly Cost of Living

How much you'll spend in Monaco and in Italy

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

Monthly costs for one person with rent: $9,177 in Monaco versus $1,843 in Italy.

Monaco $9,177
Italy $1,843

Estimated couple costs with rent: $11.9K in Monaco versus $2,816 in Italy.

Monaco $11.9K
Italy $2,816

Monthly costs for a family of three with rent: $14.6K in Monaco versus $3,788 in Italy.

Monaco $14.6K
Italy $3,788

Internal cost variation is higher in Monaco: monthly costs span $8,277 to $14.0K, compared to $1,038–$2,555 in Italy. City choice carries more weight in Monaco.

Living in Monaco is roughly 398% more expensive than in Italy on average.

Both countries sit above the global median: Monaco 574% above, Italy 35% above.

Meal at Budget Restaurant

$27.72 €24.90

$20.46 €18.38

35.48%

Three-Course Dinner for Two, Mid-Range

$163 €146

$79.5 €71.4

104.97%

Fast Food Meal (McDonalds, etc)

$12.80 €11.50

$11.15 €10.02

14.80%

Cappuccino

$4.37 €3.92

$2.04 €1.83

114.22%

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

$5.86 €5.27

$3.10 €2.78

89.03%

Water (0.33 liter bottle)

$7.66 €6.88

$1.40 €1.26

447.14%

Local Beer (0.5 liter draught)

$10.22 €9.18

$5.51 €4.95

85.48%

Imported Beer (0.33 liter bottle)

$9.95 €8.94

$5.74 €5.16

73.34%

Milk (1 liter)

$1.86 €1.67

$1.57 €1.41

18.47%

White Bread (500g)

$4.54 €4.08

$2.38 €2.14

90.76%

Rice (white) (1kg)

$3.64 €3.27

$2.90 €2.60

25.52%

Eggs

$5.10 €4.58

$4.07 €3.66

25.31%

Local Cheese (1kg)

$18.00 €16.17

$17.44 €15.67

3.21%

Chicken Fillets (1kg)

$18.51 €16.63

$12.56 €11.28

47.37%

Beef Round Steak (1kg)

$21.85 €19.63

$20.17 €18.12

8.33%

Apples (1kg)

$3.85 €3.45

$2.58 €2.32

49.22%

Banana (1kg)

$5.84 €5.25

$2.19 €1.97

166.67%

Oranges (1kg)

$3.54 €3.18

$2.68 €2.41

32.09%

Tomato (1kg)

$5.77 €5.19

$3.27 €2.93

76.45%

Potato (1kg)

$4.56 €4.09

$1.90 €1.71

140.00%

Onion (1kg)

$4.80 €4.31

$1.82 €1.63

163.74%

Lettuce (1 head)

$3.55 €3.19

$1.57 €1.41

126.11%

Water (1.5 liter bottle)

$6.70 €6.02

$0.55 €0.49

1118.18%

Cigarettes 20 Pack (Marlboro, Camel)

$15.19 €13.65

$6.69 €6.01

127.06%

Wine (Bottle)

$7.77 €6.98

$7.99 €7.17

-2.75%

Local Beer (0.5 liter bottle)

$1.88 €1.68

$1.77 €1.59

6.21%

Imported Beer (0.33 liter bottle)

$4.32 €3.88

$2.35 €2.11

83.83%

One-way Ticket (Public Transport)

$2.29 €2.06

$1.91 €1.72

19.90%

Public Transport Monthly Pass (Regular Price)

$25.08 €22.53

$43.44 €39.02

-42.27%

Taxi Start (Normal Tariff)

$5.53 €4.97

$5.62 €5.05

-1.60%

Taxi (Normal Tariff) (1km)

$1.91 €1.72

$1.71 €1.54

11.70%

Taxi 1hour Waiting (Normal Tariff)

$98.7 €88.7

$33.64 €30.22

193.49%

Gasoline (1 liter)

$2.32 €2.08

$2.03 €1.82

14.29%

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

$53.9K €48.4K

$35.3K €31.7K

52.70%

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

$51.3K €46.1K

$36.7K €33.0K

39.51%

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

$400 €360

$227 €204

76.74%

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

$52.9 €47.53

$11.59 €10.41

356.51%

Internet (50+ Mbps, Unlimited Data)

$67.3 €60.4

$30.38 €27.29

121.36%

Gym Membership (Monthly)

$286 €257

$51.8 €46.51

452.19%

Tennis Court (1 Hour on Weekend)

$51.3 €46.12

$23.70 €21.29

116.62%

Cinema Ticket

$14.27 €12.82

$10.60 €9.52

34.62%

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

$2,678 €2,406

$568 €510

371.89%

International Primary School, 1 Child (Yearly)

$35.1K €31.6K

$11.5K €10.4K

205.00%

Jeans (Levis 501 Or Similar)

$200 €180

$90.5 €81.3

120.80%

Summer Dress (H&M, Zara, etc)

$81.2 €72.9

$38.55 €34.63

110.61%

Sport Shoes (Adidas, Nike)

$193 €173

$103 €92.2

87.58%

Men's Leather Business Shoes

$566 €509

$131 €118

332.42%

1-bedroom Apartment, City Center (Monthly)

$9,118 €8,191

$826 €742

1004.57%

1-bedroom Apartment, Outside City Center (Monthly)

$6,827 €6,133

$646 €580

956.51%

3-bedroom Apartment, City Center (Monthly)

$13.5K €12.1K

$1,400 €1,258

861.54%

3-bedroom Apartment, Outside City Center (Monthly)

$9,227 €8,288

$1,054 €947

775.12%

Buy Apartment in City Center (m2)

$71.8K €64.5K

$3,662 €3,290

1860.24%

Buy Apartment Outside City Center (m2)

$68.7K €61.7K

$2,301 €2,067

2884.30%

Average Monthly Net Salary (After Tax)

$9,201 €8,265

$1,886 €1,694

387.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

3.56

-20.51%

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

Last update for Monaco: October 24, 2026

Last update for Italy: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Monaco

$6.8K 74.4%

Italy

$646 35.1% 90.5% $6.2K

Groceries & Markets

Monaco

$560 6.1%

Italy

$348 18.9% 37.8% $212

Monthly Utilities & Internet

Monaco

$521 5.7%

Italy

$269 14.6% 48.4% $252

Clothing & Footwear

Monaco

$468 5.1%

Italy

$163 8.9% 65.1% $305

Eating Out

Monaco

$438 4.8%

Italy

$279 15.1% 36.3% $159

Sport & Entertainment

Monaco

$314 3.4%

Italy

$73 4% 76.8% $241

Getting Around

Monaco

$49 0.5%

Italy

$65 3.5% 32.3% $16

Cost Breakdown

National rent averages: $5,899 in Monaco, $729 in Italy. Capital cities: $8,976 in Monaco vs $1,297 in Rome.

National salary averages: $9,271 in Monaco, $1,890 in Italy. Higher pay doesn’t always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 709% higher in Monaco.

Dining out costs 107% more in Monaco.

Public transport is 54% more expensive in Italy.

Salaries are about 4.9 times higher in Monaco.

Good to know

🇲🇨 Monaco

🇮🇹 Italy

🕒 Local time

20:52 8:52 PM

Same time as Monaco

🌤 Weather

👥 Population

38,350

58,850,717

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.11 USD

Exchange rates and currency converter

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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 $1,843 per month in Italy and $9,177 in Monaco, Italy comes out about 80% cheaper. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Rent for a central one-bedroom averages $5,899 in Monaco and $729 in Italy. Rents vary a lot between cities, so the gap depends on where you settle.

It depends on what you’re after: Italy wins on affordability, while salaries, visas, language, and lifestyle can tip the balance either way.