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 $5,103 per month in Monte Carlo vs $4,770 in Hamilton, rent included.

A couple spends around $9,496 per month in Monte Carlo vs $9,186 in Hamilton, rent included.

A family of three spends $13.9K per month in Monte Carlo vs $13.6K in Hamilton, rent included.

Monte Carlo costs about 7% more than Hamilton, driven mainly by Sport & Entertainment.

Both Monte Carlo and Hamilton sit above the global median – Monte Carlo by 283%, Hamilton by 258%.

Meal at Budget Restaurant

$55.8 €48.39

$60.8 BMD 60.8

-8.26%

Three-Course Dinner for Two, Mid-Range

$124 €108

$181 BMD 181

-31.33%

Fast Food Meal (McDonalds, etc)

$11.14 €9.67

$14.91 BMD 14.91

-25.29%

Cappuccino

$4.31 €3.74

$6.48 BMD 6.48

-33.49%

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

$7.16 €6.21

$3.39 BMD 3.39

111.21%

Water (0.33 liter bottle)

$8.15 €7.07

$2.86 BMD 2.86

184.97%

Local Beer (0.5 liter draught)

$10.43 €9.05

$9.86 BMD 9.86

5.78%

Imported Beer (0.33 liter bottle)

$13.01 €11.28

$8.62 BMD 8.62

50.93%

Milk (1 liter)

$2.29 €1.99

$4.29 BMD 4.29

-46.62%

White Bread (500g)

$5.27 €4.57

$8.68 BMD 8.68

-39.29%

Rice (white) (1kg)

$4.72 €4.09

$5.44 BMD 5.44

-13.24%

Eggs

$4.72 €4.10

$7.58 BMD 7.58

-37.73%

Local Cheese (1kg)

$11.50 BMD 11.50

Chicken Fillets (1kg)

$17.61 €15.27

$24.72 BMD 24.72

-28.76%

Beef Round Steak (1kg)

$23.29 €20.21

$31.92 BMD 31.92

-27.04%

Apples (1kg)

$6.26 €5.43

$10.27 BMD 10.27

-39.05%

Banana (1kg)

$7.46 €6.47

$6.47 BMD 6.47

15.30%

Oranges (1kg)

$4.93 €4.27

$12.84 BMD 12.84

-61.60%

Tomato (1kg)

$8.45 €7.33

$11.44 BMD 11.44

-26.14%

Potato (1kg)

$5.87 €5.09

$8.50 BMD 8.50

-30.94%

Onion (1kg)

$5.77 €5.01

$5.16 BMD 5.16

11.82%

Lettuce (1 head)

$5.34 €4.64

$6.02 BMD 6.02

-11.30%

Water (1.5 liter bottle)

$6.52 €5.66

$3.18 BMD 3.18

105.03%

Cigarettes 20 Pack (Marlboro, Camel)

$12.76 €11.07

$17.54 BMD 17.54

-27.25%

Wine (Bottle)

$16.97 €14.72

$24.95 BMD 24.95

-31.98%

Local Beer (0.5 liter bottle)

$2.01 €1.75

$5.39 BMD 5.39

-62.71%

Imported Beer (0.33 liter bottle)

$4.65 €4.04

$4.51 BMD 4.51

3.10%

One-way Ticket (Public Transport)

$1.97 €1.71

$4.62 BMD 4.62

-57.36%

Public Transport Monthly Pass (Regular Price)

$38.57 €33.46

$68.4 BMD 68.4

-43.62%

Taxi Start (Normal Tariff)

$5.89 €5.11

$6.39 BMD 6.39

-7.82%

Taxi (Normal Tariff) (1km)

$2.03 €1.76

$3.39 BMD 3.39

-40.12%

Taxi 1hour Waiting (Normal Tariff)

$113 €98.4

$53.1 BMD 53.1

113.60%

Gasoline (1 liter)

$2.55 €2.21

$2.32 BMD 2.32

9.91%

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

$56.2K €48.8K

$35.2K BMD 35.2K

59.85%

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

$45.1K €39.1K

$38.9K BMD 38.9K

15.85%

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

$486 €422

$236 BMD 236

106.18%

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

$60.7 €52.7

$121 BMD 121

-49.91%

Internet (50+ Mbps, Unlimited Data)

$98.6 €85.6

$156 BMD 156

-36.68%

Gym Membership (Monthly)

$543 €471

$184 BMD 184

194.63%

Tennis Court (1 Hour on Weekend)

$59.0 €51.1

$32.95 BMD 32.95

78.91%

Cinema Ticket

$18.18 €15.77

$13.28 BMD 13.28

36.90%

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

$3,667 €3,181

$1,309 BMD 1,309

180.06%

International Primary School, 1 Child (Yearly)

$17.4K €15.1K

$24.9K BMD 24.9K

-30.10%

Jeans (Levis 501 Or Similar)

$236 €205

$79.5 BMD 79.5

196.63%

Summer Dress (H&M, Zara, etc)

$82.6 €71.7

$59.0 BMD 59.0

40.05%

Sport Shoes (Adidas, Nike)

$206 €178

$137 BMD 137

49.67%

Men's Leather Business Shoes

$288 €250

$125 BMD 125

130.80%

1-bedroom Apartment, City Center (Monthly)

$2,459 €2,133

$3,388 BMD 3,388

-27.43%

1-bedroom Apartment, Outside City Center (Monthly)

$2,294 €1,990

$2,265 BMD 2,265

1.28%

3-bedroom Apartment, City Center (Monthly)

$8,074 €7,004

$8,774 BMD 8,774

-7.98%

3-bedroom Apartment, Outside City Center (Monthly)

$7,623 €6,613

$7,549 BMD 7,549

0.98%

Buy Apartment in City Center (m2)

$67.2K €58.3K

$14.8K BMD 14.8K

352.89%

Buy Apartment Outside City Center (m2)

$51.8K €44.9K

$9,338 BMD 9,338

454.36%

Average Monthly Net Salary (After Tax)

$8,875 €7,699

$6,794 BMD 6,794

30.63%

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: July 26, 2026

Last update for Hamilton: July 27, 2026

Cost Breakdown

A central one-bedroom costs $2,459 in Monte Carlo versus $3,388 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 31% 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 $124 in Monte Carlo versus $181 in Hamilton. Monthly groceries follow the same trend: $591 vs $818 – 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: $5,103 in Monte Carlo, $4,770 in Hamilton – roughly 7% apart. Monte Carlo costs more across the board, with Sport & Entertainment showing the biggest gap.

For a comfortable life, plan on about $7,654 per month in Monte Carlo and $7,154 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 $124 in Monte Carlo and $181 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 $5,103 in Monte Carlo and $4,770 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 $5,103 in Monte Carlo and $4,770 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 $4,770 in Hamilton to $5,103 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.