Cost of Living Comparison Between Monte Carlo and Hamilton Cost of Living Comparison Between Monte Carlo and Hamilton

Monthly Cost of Living

A single person spends $5,154 per month in Monte Carlo vs $4,847 in Hamilton, rent included.

A couple spends around $9,591 per month in Monte Carlo vs $9,080 in Hamilton, rent included.

A family of three spends $14.0K per month in Monte Carlo vs $13.3K in Hamilton, rent included.

Monte Carlo costs about 6% more than Hamilton, driven mainly by Sport & Entertainment.

Both Monte Carlo and Hamilton sit above the global median – Monte Carlo by 283%, Hamilton by 261%.

Meal at Budget Restaurant

$55.0 €47.35

$59.9 BMD 59.9

-8.26%

Three-Course Dinner for Two, Mid-Range

$122 €105

$183 BMD 183

-33.42%

Fast Food Meal (McDonalds, etc)

$11.19 €9.64

$15.24 BMD 15.24

-26.57%

Cappuccino

$4.37 €3.77

$6.25 BMD 6.25

-30.08%

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

$7.26 €6.26

$3.38 BMD 3.38

114.79%

Water (0.33 liter bottle)

$8.41 €7.25

$2.88 BMD 2.88

192.01%

Local Beer (0.5 liter draught)

$10.36 €8.93

$10.03 BMD 10.03

3.29%

Imported Beer (0.33 liter bottle)

$12.71 €10.95

$8.53 BMD 8.53

49.00%

Milk (1 liter)

$2.33 €2.01

$4.45 BMD 4.45

-47.64%

White Bread (500g)

$5.19 €4.47

$8.62 BMD 8.62

-39.79%

Rice (white) (1kg)

$4.64 €4.00

$5.51 BMD 5.51

-15.79%

Eggs

$4.90 €4.23

$7.75 BMD 7.75

-36.77%

Local Cheese (1kg)

$11.41 BMD 11.41

Chicken Fillets (1kg)

$17.51 €15.09

$24.76 BMD 24.76

-29.28%

Beef Round Steak (1kg)

$22.97 €19.79

$32.27 BMD 32.27

-28.82%

Apples (1kg)

$6.48 €5.58

$10.18 BMD 10.18

-36.35%

Banana (1kg)

$7.54 €6.49

$6.29 BMD 6.29

19.87%

Oranges (1kg)

$5.04 €4.34

$12.90 BMD 12.90

-60.93%

Tomato (1kg)

$8.45 €7.28

$11.49 BMD 11.49

-26.46%

Potato (1kg)

$5.94 €5.12

$8.31 BMD 8.31

-28.52%

Onion (1kg)

$5.71 €4.92

$5.03 BMD 5.03

13.52%

Lettuce (1 head)

$5.17 €4.45

$6.12 BMD 6.12

-15.52%

Water (1.5 liter bottle)

$6.34 €5.46

$3.31 BMD 3.31

91.54%

Cigarettes 20 Pack (Marlboro, Camel)

$12.75 €10.99

$17.42 BMD 17.42

-26.81%

Wine (Bottle)

$17.52 €15.09

$25.04 BMD 25.04

-30.03%

Local Beer (0.5 liter bottle)

$2.00 €1.72

$5.49 BMD 5.49

-63.57%

Imported Beer (0.33 liter bottle)

$4.67 €4.03

$4.48 BMD 4.48

4.24%

One-way Ticket (Public Transport)

$1.97 €1.70

$4.86 BMD 4.86

-59.47%

Public Transport Monthly Pass (Regular Price)

$38.48 €33.16

$69.9 BMD 69.9

-44.94%

Taxi Start (Normal Tariff)

$5.67 €4.89

$6.09 BMD 6.09

-6.90%

Taxi (Normal Tariff) (1km)

$2.12 €1.83

$3.46 BMD 3.46

-38.73%

Taxi 1hour Waiting (Normal Tariff)

$114 €98.6

$54.3 BMD 54.3

110.79%

Gasoline (1 liter)

$2.45 €2.11

$2.33 BMD 2.33

5.15%

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

$57.3K €49.4K

$34.3K BMD 34.3K

66.80%

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

$45.4K €39.1K

$38.3K BMD 38.3K

18.54%

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

$498 €429

$237 BMD 237

110.44%

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

$60.2 €51.9

$120 BMD 120

-49.85%

Internet (50+ Mbps, Unlimited Data)

$98.7 €85.1

$159 BMD 159

-37.84%

Gym Membership (Monthly)

$543 €467

$190 BMD 190

185.61%

Tennis Court (1 Hour on Weekend)

$57.8 €49.79

$33.02 BMD 33.02

75.02%

Cinema Ticket

$18.65 €16.07

$13.67 BMD 13.67

36.43%

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

$3,706 €3,193

$1,303 BMD 1,303

184.39%

International Primary School, 1 Child (Yearly)

$17.2K €14.8K

$24.9K BMD 24.9K

-31.01%

Jeans (Levis 501 Or Similar)

$231 €199

$79.0 BMD 79.0

192.58%

Summer Dress (H&M, Zara, etc)

$81.5 €70.2

$59.3 BMD 59.3

37.39%

Sport Shoes (Adidas, Nike)

$205 €177

$138 BMD 138

49.00%

Men's Leather Business Shoes

$285 €245

$129 BMD 129

120.41%

1-bedroom Apartment, City Center (Monthly)

$2,481 €2,137

$3,357 BMD 3,357

-26.11%

1-bedroom Apartment, Outside City Center (Monthly)

$2,253 €1,942

$2,258 BMD 2,258

-0.22%

3-bedroom Apartment, City Center (Monthly)

$8,124 €7,000

$8,739 BMD 8,739

-7.03%

3-bedroom Apartment, Outside City Center (Monthly)

$7,661 €6,601

$7,609 BMD 7,609

0.69%

Buy Apartment in City Center (m2)

$66.2K €57.0K

$14.5K BMD 14.5K

355.73%

Buy Apartment Outside City Center (m2)

$54.4K €46.9K

$9,412 BMD 9,412

478.42%

Average Monthly Net Salary (After Tax)

$8,862 €7,635

$6,612 BMD 6,612

34.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.22

-72.30%

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

Last update for Monte Carlo: June 7, 2026

Last update for Hamilton: June 8, 2026

Cost Breakdown

A central one-bedroom costs $2,481 in Monte Carlo versus $3,357 in Hamilton. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 34% higher in Monte Carlo, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $122 in Monte Carlo versus $183 in Hamilton. Monthly groceries follow the same trend: $590 vs $822 – making Monte Carlo the more affordable choice for daily food spending.

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

Monte Carlo vs Hamilton: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $5,154 in Monte Carlo, $4,847 in Hamilton – roughly 6% apart. Monte Carlo costs more across the board, with Sport & Entertainment showing the biggest gap.

For a comfortable life, plan on about $7,730 per month in Monte Carlo and $7,270 in Hamilton. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hamilton, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $122 in Monte Carlo and $183 in Hamilton. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $5,154 in Monte Carlo and $4,847 in Hamilton. The difference isn't just one category – it shows up across housing, food, transport, and services.

$5,000 is a stretch for both – monthly costs hit $5,154 in Monte Carlo and $4,847 in Hamilton. You'll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Hamilton has an edge in some lifestyle areas, with costs from $4,847 in Hamilton to $5,154 in Monte Carlo. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Hamilton. If higher salaries, better infrastructure, or specific career opportunities are the priority, Monte Carlo makes more sense. Both are solid long-term options with distinct trade-offs.