Last update: Oct 2026

Cost of Living Comparison Between Monte Carlo and Hamilton, Bermuda

For one person, living is cheaper in Hamilton: $5,162 a month against $8,277 in Monte Carlo, rent and utilities included – about $37,400 less a year. Rent and utilities account for most of the difference.

395

Cost of Living Index in Monte Carlo
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Monte Carlo Living Index
247

Cost of Living Index in Hamilton
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Hamilton Living Index

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Monte Carlo

🇲🇨 Monaco

$8,277

/mo nomad

Hamilton

🇧🇲 Bermuda

$5,162

/mo nomad

Monthly Cost of Living

How much you'll spend in Monte Carlo and in Hamilton

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Monte Carlo and in Hamilton actually costs, broken down by who's living it.

A single person spends $8,277 per month in Monte Carlo vs $5,162 in Hamilton, rent included.

Monte Carlo $8,277
Hamilton $5,162

A couple spends around $12.7K per month in Monte Carlo vs $9,189 in Hamilton, rent included.

Monte Carlo $12.7K
Hamilton $9,189

A family of three spends $17.1K per month in Monte Carlo vs $13.2K in Hamilton, rent included.

Monte Carlo $17.1K
Hamilton $13.2K

Monte Carlo costs about 60% more than Hamilton, and outside of rent the biggest gap is in leisure.

Both Monte Carlo and Hamilton sit above the global median – Monte Carlo by 508%, Hamilton by 279%.

Meal at Budget Restaurant

$42.39 €37.86

$49.39 BMD 49.39

-14.17%

Three-Course Dinner for Two, Mid-Range

$126 €113

$151 BMD 151

-16.49%

Fast Food Meal (McDonalds, etc)

$11.29 €10.08

$16.77 BMD 16.77

-32.68%

Cappuccino

$4.07 €3.63

$6.26 BMD 6.26

-34.98%

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

$8.80 €7.86

$2.97 BMD 2.97

196.30%

Water (0.33 liter bottle)

$10.56 €9.43

$3.18 BMD 3.18

232.08%

Local Beer (0.5 liter draught)

$9.88 €8.82

$7.47 BMD 7.47

32.26%

Imported Beer (0.33 liter bottle)

$13.74 €12.28

$9.25 BMD 9.25

48.54%

Milk (1 liter)

$2.23 €1.99

$4.88 BMD 4.88

-54.30%

White Bread (500g)

$5.01 €4.48

$7.95 BMD 7.95

-36.98%

Rice (white) (1kg)

$4.52 €4.04

$5.44 BMD 5.44

-16.91%

Eggs

$4.56 €4.08

$7.22 BMD 7.22

-36.84%

Local Cheese (1kg)

$21.27 €19.00

$23.34 BMD 23.34

-8.87%

Chicken Fillets (1kg)

$16.59 €14.82

$20.94 BMD 20.94

-20.77%

Beef Round Steak (1kg)

$21.99 €19.65

$19.86 BMD 19.86

10.73%

Apples (1kg)

$6.32 €5.65

$8.82 BMD 8.82

-28.34%

Banana (1kg)

$7.07 €6.31

$6.54 BMD 6.54

8.10%

Oranges (1kg)

$4.80 €4.29

$7.11 BMD 7.11

-32.49%

Tomato (1kg)

$8.60 €7.68

$8.16 BMD 8.16

5.39%

Potato (1kg)

$5.51 €4.93

$5.55 BMD 5.55

-0.72%

Onion (1kg)

$5.49 €4.90

$4.03 BMD 4.03

36.23%

Lettuce (1 head)

$5.12 €4.58

$6.12 BMD 6.12

-16.34%

Water (1.5 liter bottle)

$6.14 €5.48

$3.43 BMD 3.43

79.01%

Cigarettes 20 Pack (Marlboro, Camel)

$12.40 €11.07

$18.12 BMD 18.12

-31.57%

Wine (Bottle)

$16.78 €14.99

$23.76 BMD 23.76

-29.38%

Local Beer (0.5 liter bottle)

$1.96 €1.75

$5.10 BMD 5.10

-61.57%

Imported Beer (0.33 liter bottle)

$4.52 €4.04

$4.22 BMD 4.22

7.11%

One-way Ticket (Public Transport)

$2.01 €1.80

$4.96 BMD 4.96

-59.48%

Public Transport Monthly Pass (Regular Price)

$36.76 €32.83

$68.9 BMD 68.9

-46.62%

Taxi Start (Normal Tariff)

$5.55 €4.96

$6.44 BMD 6.44

-13.82%

Taxi (Normal Tariff) (1km)

$2.18 €1.95

$3.02 BMD 3.02

-27.81%

Taxi 1hour Waiting (Normal Tariff)

$114 €102

$71.4 BMD 71.4

59.55%

Gasoline (1 liter)

$2.41 €2.15

$2.34 BMD 2.34

2.99%

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

$54.7K €48.8K

$38.2K BMD 38.2K

43.21%

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

$42.4K €37.9K

$42.0K BMD 42.0K

0.93%

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

$530 €474

$292 BMD 292

81.49%

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

$60.2 €53.7

$151 BMD 151

-60.12%

Internet (50+ Mbps, Unlimited Data)

$96.9 €86.5

$162 BMD 162

-40.30%

Gym Membership (Monthly)

$532 €475

$191 BMD 191

179.15%

Tennis Court (1 Hour on Weekend)

$57.0 €50.9

$14.85 BMD 14.85

283.70%

Cinema Ticket

$18.19 €16.25

$13.52 BMD 13.52

34.54%

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

$3,586 €3,203

$1,317 BMD 1,317

172.25%

International Primary School, 1 Child (Yearly)

$16.7K €14.9K

$24.7K BMD 24.7K

-32.71%

Jeans (Levis 501 Or Similar)

$224 €200

$90.4 BMD 90.4

147.76%

Summer Dress (H&M, Zara, etc)

$78.9 €70.4

$71.2 BMD 71.2

10.74%

Sport Shoes (Adidas, Nike)

$195 €174

$144 BMD 144

35.58%

Men's Leather Business Shoes

$277 €247

$128 BMD 128

116.07%

1-bedroom Apartment, City Center (Monthly)

$2,823 €2,522

$3,924 BMD 3,924

-28.06%

1-bedroom Apartment, Outside City Center (Monthly)

$5,404 €4,827

$2,695 BMD 2,695

100.50%

3-bedroom Apartment, City Center (Monthly)

$11.3K €10.1K

$8,361 BMD 8,361

35.39%

3-bedroom Apartment, Outside City Center (Monthly)

$11.0K €9,855

$7,645 BMD 7,645

44.31%

Buy Apartment in City Center (m2)

$104.8K €93.6K

$14.8K BMD 14.8K

606.50%

Buy Apartment Outside City Center (m2)

$82.9K €74.0K

$8,921 BMD 8,921

828.77%

Average Monthly Net Salary (After Tax)

$8,511 €7,602

$6,395 BMD 6,395

33.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.63

-76.83%

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

Last update for Monte Carlo: October 26, 2026

Last update for Hamilton: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Monte Carlo

$5.4K 65.3%

Hamilton

$2.7K 52.2% 50.1% $2.7K

Monthly Utilities & Internet

Monte Carlo

$687 8.3%

Hamilton

$605 11.7% 11.9% $82

Groceries & Markets

Monte Carlo

$632 7.6%

Hamilton

$738 14.3% 16.8% $106

Eating Out

Monte Carlo

$576 7%

Hamilton

$601 11.6% 4.3% $25

Sport & Entertainment

Monte Carlo

$568 6.9%

Hamilton

$218 4.2% 61.7% $351

Clothing & Footwear

Monte Carlo

$348 4.2%

Hamilton

$195 3.8% 44% $153

Getting Around

Monte Carlo

$61 0.7%

Hamilton

$110 2.1% 80% $49

Cost Breakdown

A central one-bedroom costs $2,823 in Monte Carlo versus $3,924 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 33% 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 $126 in Monte Carlo versus $151 in Hamilton. Monthly groceries follow the same trend: $632 vs $738 – making Monte Carlo the more affordable choice for daily food spending.

Good to know

🇲🇨 Monte Carlo

🇧🇲 Hamilton

🕒 Local time

02:56 2:56 AM

21:56 9:56 PM

5 h behind Monte Carlo

🌤 Weather

👥 Population

15,507

10,000 Capital

💱 Currency

Euro EUR €

Bermudian Dollar BMD $

📈 Exchange rate

1 EUR = 1.12 USD

1 BMD = 1 USD

1 BMD = 0.892 EUR

Exchange rates and currency converter

On the map

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Between locations

Monte Carlo Hamilton 6,250 km ≈ 8 h nonstop flight

From you

Monte Carlo
Hamilton

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

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

Monthly costs with rent: $8,277 in Monte Carlo, $5,162 in Hamilton – Hamilton comes out roughly 38% cheaper. Outside of rent, the biggest gap is in leisure.

For a comfortable life, plan on about $12.4K per month in Monte Carlo and $7,743 in Hamilton. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Monte Carlo, especially for central apartments: a one-bedroom in the center costs $2,823 there versus $3,924 in Hamilton.

A mid-range dinner for two costs $126 in Monte Carlo and $151 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 $8,277 in Monte Carlo and $5,162 in Hamilton. That makes Hamilton about 38% cheaper.

$5,000 is a stretch for both – monthly costs hit $8,277 in Monte Carlo and $5,162 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 $5,162 in Hamilton to $8,277 in Monte Carlo. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

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