Cost of Living Comparison Between Monaco and Spain Cost of Living Comparison Between Monaco and Spain

Name: Spain
Address: ES

Monthly Cost of Living

Monthly costs for one person with rent: $9,636 in Monaco versus $1,645 in Spain.

Estimated couple costs with rent: $9,578 in Monaco versus $2,395 in Spain.

Monthly costs for a family of three with rent: $9,519 in Monaco versus $3,145 in Spain.

Living in Monaco is roughly 486% more expensive than in Spain on average.

Both countries sit above the global median: Monaco 621% above, Spain 23% above.

Internal cost variation is higher in Monaco: monthly costs span $5,226 to $12.8K, compared to $1,121–$3,224 in Spain. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$30.46 €26.68

$16.33 €14.31

86.53%

Three-Course Dinner for Two, Mid-Range

$166 €145

$58.1 €50.9

185.47%

Fast Food Meal (McDonalds, etc)

$12.62 €11.06

$10.52 €9.22

19.96%

Cappuccino

$4.35 €3.81

$2.39 €2.10

82.01%

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

$5.98 €5.24

$2.58 €2.26

131.78%

Water (0.33 liter bottle)

$7.36 €6.45

$1.90 €1.66

287.37%

Local Beer (0.5 liter draught)

$9.94 €8.71

$3.54 €3.10

180.79%

Imported Beer (0.33 liter bottle)

$9.23 €8.08

$3.97 €3.48

132.49%

Milk (1 liter)

$2.07 €1.82

$1.17 €1.03

76.92%

White Bread (500g)

$5.56 €4.87

$1.51 €1.32

268.21%

Rice (white) (1kg)

$4.17 €3.66

$1.66 €1.45

151.20%

Eggs

$5.31 €4.65

$2.96 €2.60

79.39%

Local Cheese (1kg)

$17.34 €15.19

$14.07 €12.33

23.24%

Chicken Fillets (1kg)

$19.49 €17.07

$8.40 €7.36

132.02%

Beef Round Steak (1kg)

$19.00 €16.65

$15.60 €13.67

21.79%

Apples (1kg)

$4.66 €4.08

$2.51 €2.20

85.66%

Banana (1kg)

$6.28 €5.50

$1.99 €1.74

215.58%

Oranges (1kg)

$3.80 €3.33

$2.01 €1.76

89.05%

Tomato (1kg)

$5.14 €4.50

$2.61 €2.29

96.93%

Potato (1kg)

$4.12 €3.61

$1.79 €1.57

130.17%

Onion (1kg)

$4.40 €3.85

$1.98 €1.73

122.22%

Lettuce (1 head)

$3.64 €3.18

$1.36 €1.19

167.65%

Water (1.5 liter bottle)

$7.10 €6.22

$0.80 €0.70

787.50%

Cigarettes 20 Pack (Marlboro, Camel)

$14.26 €12.49

$6.32 €5.54

125.63%

Wine (Bottle)

$11.04 €9.68

$5.60 €4.91

97.14%

Local Beer (0.5 liter bottle)

$2.02 €1.77

$1.24 €1.09

62.90%

Imported Beer (0.33 liter bottle)

$5.09 €4.46

$2.07 €1.81

145.89%

One-way Ticket (Public Transport)

$2.37 €2.08

$1.71 €1.50

38.60%

Public Transport Monthly Pass (Regular Price)

$25.04 €21.94

$35.24 €30.88

-28.94%

Taxi Start (Normal Tariff)

$6.77 €5.93

$4.62 €4.05

46.54%

Taxi (Normal Tariff) (1km)

$1.73 €1.52

$1.30 €1.14

33.08%

Taxi 1hour Waiting (Normal Tariff)

$103 €89.9

$26.85 €23.52

281.94%

Gasoline (1 liter)

$2.45 €2.15

$1.84 €1.61

33.15%

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

$56.1K €49.1K

$38.3K €33.5K

46.61%

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

$53.2K €46.6K

$30.9K €27.1K

72.11%

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

$345 €302

$150 €132

129.21%

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

$59.3 €52.0

$20.37 €17.84

191.26%

Internet (50+ Mbps, Unlimited Data)

$69.8 €61.1

$34.06 €29.84

104.90%

Gym Membership (Monthly)

$387 €339

$47.30 €41.44

718.08%

Tennis Court (1 Hour on Weekend)

$44.77 €39.22

$15.65 €13.71

186.07%

Cinema Ticket

$14.05 €12.31

$9.42 €8.25

49.15%

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

$2,783 €2,438

$515 €451

440.34%

International Primary School, 1 Child (Yearly)

$35.6K €31.2K

$10.2K €8,972

247.21%

Jeans (Levis 501 Or Similar)

$188 €165

$86.2 €75.5

118.72%

Summer Dress (H&M, Zara, etc)

$84.0 €73.6

$36.67 €32.12

129.15%

Sport Shoes (Adidas, Nike)

$204 €179

$90.6 €79.4

124.99%

Men's Leather Business Shoes

$677 €593

$109 €95.8

518.94%

1-bedroom Apartment, City Center (Monthly)

$7,115 €6,233

$1,057 €926

573.00%

1-bedroom Apartment, Outside City Center (Monthly)

$8,016 €7,023

$813 €712

885.81%

3-bedroom Apartment, City Center (Monthly)

$32.1K €28.2K

$1,721 €1,507

1768.32%

3-bedroom Apartment, Outside City Center (Monthly)

$7,443 €6,521

$1,231 €1,078

504.75%

Buy Apartment in City Center (m2)

$65.5K €57.4K

$4,295 €3,763

1424.25%

Buy Apartment Outside City Center (m2)

$62.6K €54.9K

$2,610 €2,286

2299.97%

Average Monthly Net Salary (After Tax)

$9,402 €8,237

$2,014 €1,765

366.74%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

3.51

-19.37%

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

Last update for Monaco: July 19, 2026

Last update for Spain: July 20, 2026

Cost Breakdown

National rent averages: $3,624 in Monaco, $897 in Spain. Capital cities: $8,381 in Monaco vs $1,566 in Madrid.

National salary averages: $9,463 in Monaco, $1,998 in Spain. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 304% higher in Monaco.

Dining out costs 198% more in Monaco.

Public transport is 57% more expensive in Spain.

Salaries are 374% higher in Monaco, and purchasing power comes out stronger in Spain.

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 Spain: Cost of Living - Frequently Asked Questions

At $8,995 per month in Monaco and $2,173 in Spain, there's a 314% 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 Spain: 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 Spain across the board, especially in major cities. Housing is usually the single biggest driver of the overall cost difference between the two countries.

In Spain, $3,000 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: Spain wins on affordability; Monaco may offer higher salaries, better infrastructure, and different cultural perks. Both attract large expat communities for different reasons.