Last update: Oct 2026

Cost of Living Comparison Between Monaco and Spain

Name: Spain
Address: ES

For one person, living is cheaper in Spain: $1,760 a month against $9,222 in Monaco, rent and utilities included – about $89,500 less a year. Rent and utilities account for most of the difference.

441

Cost of Living Index in Monaco
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Monaco Living Index
85

Cost of Living Index in Spain
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Spain Living Index

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🇲🇨 Monaco

$9,222

/mo nomad

🇪🇸 Spain

$1,760

/mo nomad

Monthly Cost of Living

How much you'll spend in Monaco and in Spain

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

Monthly costs for one person with rent: $9,222 in Monaco versus $1,760 in Spain.

Monaco $9,222
Spain $1,760

Estimated couple costs with rent: $11.9K in Monaco versus $2,581 in Spain.

Monaco $11.9K
Spain $2,581

Monthly costs for a family of three with rent: $14.6K in Monaco versus $3,402 in Spain.

Monaco $14.6K
Spain $3,402

Internal cost variation is higher in Monaco: monthly costs span $8,169 to $14.3K, compared to $937–$2,649 in Spain. City choice carries more weight in Monaco.

Living in Monaco is roughly 424% more expensive than in Spain on average.

Both countries sit above the global median: Monaco 581% above, Spain 30% above.

Meal at Budget Restaurant

$28.33 €25.20

$16.72 €14.87

69.44%

Three-Course Dinner for Two, Mid-Range

$158 €140

$56.0 €49.76

182.13%

Fast Food Meal (McDonalds, etc)

$12.51 €11.13

$11.13 €9.90

12.40%

Cappuccino

$4.36 €3.88

$2.43 €2.17

79.42%

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

$5.73 €5.10

$2.63 €2.34

117.87%

Water (0.33 liter bottle)

$7.77 €6.91

$1.81 €1.61

329.28%

Local Beer (0.5 liter draught)

$9.92 €8.83

$3.40 €3.03

191.76%

Imported Beer (0.33 liter bottle)

$9.98 €8.87

$3.82 €3.39

161.26%

Milk (1 liter)

$1.91 €1.69

$1.17 €1.04

63.25%

White Bread (500g)

$4.49 €4.00

$1.50 €1.33

199.33%

Rice (white) (1kg)

$3.71 €3.30

$1.60 €1.43

131.88%

Eggs

$5.06 €4.50

$3.33 €2.96

51.95%

Local Cheese (1kg)

$18.51 €16.47

$14.41 €12.82

28.45%

Chicken Fillets (1kg)

$18.76 €16.69

$8.33 €7.41

125.21%

Beef Round Steak (1kg)

$21.88 €19.47

$16.30 €14.50

34.23%

Apples (1kg)

$3.71 €3.30

$2.57 €2.29

44.36%

Banana (1kg)

$5.83 €5.19

$2.04 €1.82

185.78%

Oranges (1kg)

$3.63 €3.23

$2.04 €1.82

77.94%

Tomato (1kg)

$6.01 €5.34

$2.55 €2.27

135.69%

Potato (1kg)

$4.75 €4.22

$1.83 €1.63

159.56%

Onion (1kg)

$4.92 €4.38

$2.03 €1.80

142.36%

Lettuce (1 head)

$3.68 €3.27

$1.36 €1.21

170.59%

Water (1.5 liter bottle)

$6.60 €5.87

$0.74 €0.66

791.89%

Cigarettes 20 Pack (Marlboro, Camel)

$15.36 €13.67

$6.35 €5.65

141.89%

Wine (Bottle)

$7.92 €7.05

$5.52 €4.91

43.48%

Local Beer (0.5 liter bottle)

$1.95 €1.73

$1.31 €1.17

48.85%

Imported Beer (0.33 liter bottle)

$4.48 €3.99

$2.02 €1.80

121.78%

One-way Ticket (Public Transport)

$2.19 €1.95

$1.71 €1.52

28.07%

Public Transport Monthly Pass (Regular Price)

$24.55 €21.84

$33.15 €29.49

-25.94%

Taxi Start (Normal Tariff)

$5.70 €5.07

$4.52 €4.02

26.11%

Taxi (Normal Tariff) (1km)

$1.94 €1.72

$1.50 €1.34

29.33%

Taxi 1hour Waiting (Normal Tariff)

$99.9 €88.9

$24.43 €21.73

308.92%

Gasoline (1 liter)

$2.36 €2.10

$1.79 €1.59

31.84%

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

$54.9K €48.8K

$35.9K €32.0K

52.67%

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

$51.5K €45.8K

$31.2K €27.7K

65.15%

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

$403 €359

$150 €133

169.01%

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

$51.8 €46.04

$17.57 €15.62

194.59%

Internet (50+ Mbps, Unlimited Data)

$68.9 €61.3

$31.32 €27.86

119.99%

Gym Membership (Monthly)

$280 €249

$45.55 €40.52

515.08%

Tennis Court (1 Hour on Weekend)

$51.0 €45.35

$15.00 €13.34

239.87%

Cinema Ticket

$14.85 €13.21

$9.47 €8.43

56.81%

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

$2,631 €2,341

$544 €484

383.49%

International Primary School, 1 Child (Yearly)

$35.2K €31.3K

$10.8K €9,563

227.68%

Jeans (Levis 501 Or Similar)

$200 €178

$84.1 €74.8

137.53%

Summer Dress (H&M, Zara, etc)

$81.5 €72.5

$36.90 €32.82

120.92%

Sport Shoes (Adidas, Nike)

$194 €172

$88.5 €78.7

118.72%

Men's Leather Business Shoes

$570 €507

$104 €92.8

446.47%

1-bedroom Apartment, City Center (Monthly)

$8,989 €7,996

$1,017 €904

784.14%

1-bedroom Apartment, Outside City Center (Monthly)

$6,864 €6,105

$793 €705

765.94%

3-bedroom Apartment, City Center (Monthly)

$14.0K €12.5K

$1,605 €1,428

772.36%

3-bedroom Apartment, Outside City Center (Monthly)

$9,257 €8,234

$1,209 €1,075

665.74%

Buy Apartment in City Center (m2)

$72.7K €64.6K

$4,093 €3,640

1675.77%

Buy Apartment Outside City Center (m2)

$66.9K €59.5K

$2,581 €2,296

2493.32%

Average Monthly Net Salary (After Tax)

$9,088 €8,084

$2,001 €1,780

354.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.83

3.3

-14.24%

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

Last update for Monaco: October 18, 2026

Last update for Spain: October 20, 2026

Monthly budget structure

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

Accommodation & Living

Monaco

$6.9K 74.4%

Spain

$793 45% 88.5% $6.1K

Groceries & Markets

Monaco

$565 6.1%

Spain

$272 15.4% 51.9% $293

Monthly Utilities & Internet

Monaco

$524 5.7%

Spain

$199 11.3% 62.1% $325

Clothing & Footwear

Monaco

$470 5.1%

Spain

$141 8% 70% $329

Eating Out

Monaco

$440 4.8%

Spain

$239 13.6% 45.7% $201

Sport & Entertainment

Monaco

$310 3.4%

Spain

$65 3.7% 79.2% $245

Getting Around

Monaco

$49 0.5%

Spain

$52 3% 6.9% $3.3

Cost Breakdown

National rent averages: $4,034 in Monaco, $913 in Spain. Capital cities: $9,333 in Monaco vs $1,509 in Madrid.

National salary averages: $9,284 in Monaco, $1,977 in Spain. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 342% higher in Monaco.

Dining out costs 165% more in Monaco.

Salaries are 370% higher in Monaco, and purchasing power comes out stronger in Spain.

Good to know

🇲🇨 Monaco

🇪🇸 Spain

🕒 Local time

18:54 6:54 PM

Same time as Monaco

🌤 Weather

👥 Population

38,350

47,415,750

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Monaco Spain 990 km ≈ 1 h 45 min nonstop flight

From you

Monaco
Spain

Distances are measured in a straight line. Your location is detected approximately.

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 $9,222 per month in Monaco and $1,760 in Spain, there's a 424% gap. 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 $4,034 in Monaco and $913 in Spain. Rents vary a lot between cities, so the gap depends on where you settle.

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.