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: $9,523 in Monaco versus $1,646 in Spain.

Estimated couple costs with rent: $9,445 in Monaco versus $2,401 in Spain.

Monthly costs for a family of three with rent: $9,366 in Monaco versus $3,155 in Spain.

Living in Monaco is roughly 479% more expensive than Spain on average.

Both countries sit above the global median: Monaco 611% above, Spain 23% above.

Internal cost variation is higher in Monaco: monthly costs span $5,231 to $12.3K, compared to $1,133–$3,262 in Spain. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$30.82 €26.74

$16.17 €14.03

90.60%

Three-Course Dinner for Two, Mid-Range

$163 €141

$57.3 €49.70

184.04%

Fast Food Meal (McDonalds, etc)

$12.29 €10.66

$10.62 €9.21

15.73%

Cappuccino

$4.26 €3.70

$2.38 €2.07

78.99%

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

$5.82 €5.05

$2.59 €2.25

124.71%

Water (0.33 liter bottle)

$7.27 €6.30

$1.91 €1.66

280.63%

Local Beer (0.5 liter draught)

$9.92 €8.60

$3.49 €3.03

184.24%

Imported Beer (0.33 liter bottle)

$9.54 €8.28

$4.03 €3.49

136.72%

Milk (1 liter)

$2.11 €1.83

$1.24 €1.08

70.16%

White Bread (500g)

$5.54 €4.81

$1.59 €1.38

248.43%

Rice (white) (1kg)

$4.35 €3.77

$1.59 €1.38

173.58%

Eggs

$5.35 €4.64

$3.05 €2.65

75.41%

Local Cheese (1kg)

$17.07 €14.81

$14.55 €12.62

17.32%

Chicken Fillets (1kg)

$19.48 €16.90

$8.42 €7.30

131.35%

Beef Round Steak (1kg)

$18.82 €16.33

$15.52 €13.47

21.26%

Apples (1kg)

$4.57 €3.96

$2.54 €2.20

79.92%

Banana (1kg)

$6.12 €5.31

$2.01 €1.74

204.48%

Oranges (1kg)

$3.84 €3.33

$2.09 €1.81

83.73%

Tomato (1kg)

$5.18 €4.49

$2.53 €2.20

104.74%

Potato (1kg)

$4.11 €3.56

$1.85 €1.61

122.16%

Onion (1kg)

$4.46 €3.87

$1.89 €1.64

135.98%

Lettuce (1 head)

$3.74 €3.25

$1.35 €1.17

177.04%

Water (1.5 liter bottle)

$6.83 €5.92

$0.74 €0.64

822.97%

Cigarettes 20 Pack (Marlboro, Camel)

$14.34 €12.44

$6.35 €5.51

125.83%

Wine (Bottle)

$10.95 €9.50

$5.66 €4.91

93.46%

Local Beer (0.5 liter bottle)

$1.97 €1.71

$1.25 €1.08

57.60%

Imported Beer (0.33 liter bottle)

$5.11 €4.43

$2.06 €1.79

148.06%

One-way Ticket (Public Transport)

$2.27 €1.97

$1.69 €1.47

34.32%

Public Transport Monthly Pass (Regular Price)

$25.35 €21.99

$35.10 €30.46

-27.78%

Taxi Start (Normal Tariff)

$6.86 €5.95

$4.42 €3.83

55.20%

Taxi (Normal Tariff) (1km)

$1.75 €1.52

$1.34 €1.16

30.60%

Taxi 1hour Waiting (Normal Tariff)

$104 €90.3

$26.32 €22.83

295.29%

Gasoline (1 liter)

$2.45 €2.12

$1.84 €1.59

33.15%

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

$56.6K €49.1K

$38.8K €33.7K

45.85%

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

$51.8K €45.0K

$31.6K €27.4K

63.93%

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

$347 €301

$150 €131

130.64%

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

$60.3 €52.4

$20.56 €17.84

193.48%

Internet (50+ Mbps, Unlimited Data)

$70.7 €61.3

$34.49 €29.93

104.90%

Gym Membership (Monthly)

$389 €337

$47.96 €41.61

710.97%

Tennis Court (1 Hour on Weekend)

$44.77 €38.84

$16.05 €13.92

178.94%

Cinema Ticket

$13.62 €11.82

$8.99 €7.80

51.50%

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

$2,693 €2,336

$509 €441

429.30%

International Primary School, 1 Child (Yearly)

$36.4K €31.6K

$9,884 €8,575

268.68%

Jeans (Levis 501 Or Similar)

$187 €162

$86.5 €75.1

116.38%

Summer Dress (H&M, Zara, etc)

$83.7 €72.6

$37.14 €32.23

125.28%

Sport Shoes (Adidas, Nike)

$204 €177

$92.0 €79.8

121.34%

Men's Leather Business Shoes

$676 €586

$109 €94.4

521.25%

1-bedroom Apartment, City Center (Monthly)

$7,035 €6,103

$1,045 €907

572.86%

1-bedroom Apartment, Outside City Center (Monthly)

$8,166 €7,084

$834 €724

879.09%

3-bedroom Apartment, City Center (Monthly)

$33.1K €28.7K

$1,689 €1,466

1858.44%

3-bedroom Apartment, Outside City Center (Monthly)

$7,517 €6,522

$1,238 €1,074

507.02%

Buy Apartment in City Center (m2)

$66.8K €57.9K

$4,378 €3,798

1424.99%

Buy Apartment Outside City Center (m2)

$64.0K €55.5K

$2,747 €2,383

2229.39%

Average Monthly Net Salary (After Tax)

$9,441 €8,191

$2,073 €1,799

355.39%

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: May 30, 2026

Last update for Spain: May 30, 2026

Cost Breakdown

National rent averages: $3,739 in Monaco, $898 in Spain. Capital cities: $8,692 in Monaco vs $1,566 in Madrid.

National salary averages: $9,401 in Monaco, $2,030 in Spain. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 316% higher in Monaco.

Dining out costs 200% more in Monaco.

Public transport is 57% more expensive in Spain.

Salaries are 363% higher in Monaco, giving Spain 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 Spain: Cost of Living - Frequently Asked Questions

At $8,788 per month in Monaco and $2,198 in Spain, there's a 300% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

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