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: $10.8K in Monaco versus $1,689 in Spain.

Estimated couple costs with rent: $10.8K in Monaco versus $2,496 in Spain.

Monthly costs for a family of three with rent: $10.8K in Monaco versus $3,303 in Spain.

Living in Monaco is roughly 540% more expensive than in Spain on average.

Both countries sit above the global median: Monaco 684% above, Spain 22% above.

Internal cost variation is higher in Monaco: monthly costs span $6,970 to $14.9K, compared to $973–$2,672 in Spain. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$29.42 €25.29

$17.71 €15.23

66.12%

Three-Course Dinner for Two, Mid-Range

$166 €143

$57.6 €49.49

187.94%

Fast Food Meal (McDonalds, etc)

$13.23 €11.37

$11.81 €10.15

12.02%

Cappuccino

$4.57 €3.93

$2.43 €2.09

88.07%

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

$6.13 €5.27

$2.76 €2.37

122.10%

Water (0.33 liter bottle)

$7.81 €6.71

$1.84 €1.58

324.46%

Local Beer (0.5 liter draught)

$10.34 €8.89

$3.52 €3.02

193.75%

Imported Beer (0.33 liter bottle)

$10.40 €8.94

$4.16 €3.58

150.00%

Milk (1 liter)

$2.00 €1.72

$1.21 €1.04

65.29%

White Bread (500g)

$4.79 €4.12

$1.54 €1.32

211.04%

Rice (white) (1kg)

$3.75 €3.23

$1.64 €1.41

128.66%

Eggs

$5.32 €4.58

$3.59 €3.09

48.19%

Local Cheese (1kg)

$18.78 €16.15

$14.81 €12.74

26.81%

Chicken Fillets (1kg)

$19.25 €16.55

$8.49 €7.30

126.74%

Beef Round Steak (1kg)

$23.22 €19.97

$16.68 €14.34

39.21%

Apples (1kg)

$3.90 €3.35

$2.53 €2.18

54.15%

Banana (1kg)

$6.02 €5.17

$2.09 €1.80

188.04%

Oranges (1kg)

$3.68 €3.17

$2.13 €1.83

72.77%

Tomato (1kg)

$6.02 €5.18

$2.55 €2.19

136.08%

Potato (1kg)

$4.85 €4.17

$1.82 €1.57

166.48%

Onion (1kg)

$4.88 €4.20

$2.00 €1.72

144.00%

Lettuce (1 head)

$3.61 €3.10

$1.37 €1.18

163.50%

Water (1.5 liter bottle)

$7.15 €6.14

$0.81 €0.70

782.72%

Cigarettes 20 Pack (Marlboro, Camel)

$14.52 €12.48

$6.71 €5.77

116.39%

Wine (Bottle)

$11.10 €9.55

$5.64 €4.85

96.81%

Local Beer (0.5 liter bottle)

$2.00 €1.72

$1.29 €1.11

55.04%

Imported Beer (0.33 liter bottle)

$4.75 €4.08

$2.10 €1.81

126.19%

One-way Ticket (Public Transport)

$2.34 €2.01

$1.76 €1.51

32.95%

Public Transport Monthly Pass (Regular Price)

$25.79 €22.17

$34.25 €29.45

-24.70%

Taxi Start (Normal Tariff)

$5.77 €4.96

$4.55 €3.91

26.81%

Taxi (Normal Tariff) (1km)

$1.92 €1.65

$1.47 €1.27

30.61%

Taxi 1hour Waiting (Normal Tariff)

$103 €88.2

$25.66 €22.06

299.57%

Gasoline (1 liter)

$2.31 €1.99

$1.79 €1.54

29.05%

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

$57.2K €49.1K

$36.4K €31.3K

57.08%

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

$53.6K €46.1K

$30.6K €26.3K

75.07%

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

$401 €345

$152 €131

163.72%

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

$54.0 €46.44

$18.49 €15.90

192.10%

Internet (50+ Mbps, Unlimited Data)

$70.3 €60.5

$33.57 €28.86

109.53%

Gym Membership (Monthly)

$342 €294

$47.38 €40.74

622.22%

Tennis Court (1 Hour on Weekend)

$53.7 €46.13

$15.56 €13.38

244.79%

Cinema Ticket

$14.06 €12.09

$9.96 €8.56

41.16%

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

$2,745 €2,360

$548 €472

400.54%

International Primary School, 1 Child (Yearly)

$36.6K €31.5K

$10.8K €9,319

237.61%

Jeans (Levis 501 Or Similar)

$207 €178

$90.1 €77.4

129.90%

Summer Dress (H&M, Zara, etc)

$86.2 €74.1

$37.31 €32.08

131.09%

Sport Shoes (Adidas, Nike)

$200 €172

$92.0 €79.1

117.04%

Men's Leather Business Shoes

$599 €515

$111 €95.9

437.57%

1-bedroom Apartment, City Center (Monthly)

$7,951 €6,836

$1,049 €902

657.62%

1-bedroom Apartment, Outside City Center (Monthly)

$6,332 €5,444

$836 €718

657.85%

3-bedroom Apartment, City Center (Monthly)

$11.2K €9,605

$1,663 €1,430

571.90%

3-bedroom Apartment, Outside City Center (Monthly)

$9,673 €8,316

$1,250 €1,075

673.66%

Buy Apartment in City Center (m2)

$66.5K €57.2K

$4,240 €3,646

1468.07%

Buy Apartment Outside City Center (m2)

$65.4K €56.2K

$2,711 €2,331

2312.90%

Average Monthly Net Salary (After Tax)

$9,359 €8,047

$2,021 €1,738

363.09%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

3.28

-13.72%

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

Last update for Monaco: September 5, 2026

Last update for Spain: September 7, 2026

Cost Breakdown

National rent averages: $3,999 in Monaco, $931 in Spain. Capital cities: $9,535 in Monaco vs $1,577 in Madrid.

National salary averages: $9,539 in Monaco, $2,035 in Spain. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 330% higher in Monaco.

Dining out costs 163% more in Monaco.

Salaries are 369% 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 $10.9K per month in Monaco and $1,823 in Spain, there's a 500% 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.