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 $7,016 per month in Monte Carlo vs $4,951 in Hamilton, rent included.

A couple spends around $10.3K per month in Monte Carlo vs $9,335 in Hamilton, rent included.

A family of three spends $13.6K per month in Monte Carlo vs $13.7K in Hamilton, rent included.

Monte Carlo costs about 42% more than Hamilton, driven mainly by Sport & Entertainment.

Both Monte Carlo and Hamilton sit above the global median – Monte Carlo by 413%, Hamilton by 262%.

Meal at Budget Restaurant

$43.27 €37.69

$49.72 BMD 49.72

-12.97%

Three-Course Dinner for Two, Mid-Range

$131 €114

$153 BMD 153

-14.46%

Fast Food Meal (McDonalds, etc)

$11.61 €10.12

$17.17 BMD 17.17

-32.38%

Cappuccino

$4.41 €3.84

$6.22 BMD 6.22

-29.10%

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

$9.49 €8.27

$3.09 BMD 3.09

207.12%

Water (0.33 liter bottle)

$10.76 €9.37

$3.09 BMD 3.09

248.22%

Local Beer (0.5 liter draught)

$10.50 €9.15

$7.29 BMD 7.29

44.03%

Imported Beer (0.33 liter bottle)

$14.31 €12.47

$9.08 BMD 9.08

57.60%

Milk (1 liter)

$2.32 €2.02

$4.54 BMD 4.54

-48.90%

White Bread (500g)

$5.25 €4.58

$8.31 BMD 8.31

-36.82%

Rice (white) (1kg)

$4.55 €3.96

$5.70 BMD 5.70

-20.18%

Eggs

$4.81 €4.19

$7.36 BMD 7.36

-34.65%

Local Cheese (1kg)

$21.63 €18.84

$18.97 BMD 18.97

14.02%

Chicken Fillets (1kg)

$17.50 €15.25

$22.75 BMD 22.75

-23.08%

Beef Round Steak (1kg)

$23.55 €20.52

$27.62 BMD 27.62

-14.74%

Apples (1kg)

$6.44 €5.61

$12.83 BMD 12.83

-49.81%

Banana (1kg)

$7.47 €6.51

$6.43 BMD 6.43

16.17%

Oranges (1kg)

$4.79 €4.17

$7.13 BMD 7.13

-32.82%

Tomato (1kg)

$8.87 €7.73

$3.90 BMD 3.90

127.44%

Potato (1kg)

$5.63 €4.91

$6.90 BMD 6.90

-18.41%

Onion (1kg)

$5.91 €5.15

$3.21 BMD 3.21

84.11%

Lettuce (1 head)

$5.18 €4.51

$6.75 BMD 6.75

-23.26%

Water (1.5 liter bottle)

$6.43 €5.60

$3.67 BMD 3.67

75.20%

Cigarettes 20 Pack (Marlboro, Camel)

$12.73 €11.09

$17.53 BMD 17.53

-27.38%

Wine (Bottle)

$17.36 €15.12

$25.46 BMD 25.46

-31.81%

Local Beer (0.5 liter bottle)

$2.03 €1.77

$5.21 BMD 5.21

-61.04%

Imported Beer (0.33 liter bottle)

$4.75 €4.14

$4.54 BMD 4.54

4.63%

One-way Ticket (Public Transport)

$2.04 €1.77

$4.96 BMD 4.96

-58.87%

Public Transport Monthly Pass (Regular Price)

$39.04 €34.01

$69.3 BMD 69.3

-43.67%

Taxi Start (Normal Tariff)

$5.95 €5.19

$6.57 BMD 6.57

-9.44%

Taxi (Normal Tariff) (1km)

$2.32 €2.02

$3.01 BMD 3.01

-22.92%

Taxi 1hour Waiting (Normal Tariff)

$117 €102

$70.5 BMD 70.5

66.50%

Gasoline (1 liter)

$2.55 €2.22

$2.45 BMD 2.45

4.08%

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

$56.2K €49.0K

$38.2K BMD 38.2K

47.27%

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

$44.3K €38.6K

$42.8K BMD 42.8K

3.59%

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

$496 €432

$257 BMD 257

93.15%

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

$60.7 €52.9

$150 BMD 150

-59.50%

Internet (50+ Mbps, Unlimited Data)

$101 €88.3

$159 BMD 159

-36.33%

Gym Membership (Monthly)

$556 €484

$186 BMD 186

199.15%

Tennis Court (1 Hour on Weekend)

$58.2 €50.7

$14.75 BMD 14.75

294.51%

Cinema Ticket

$18.82 €16.39

$13.69 BMD 13.69

37.47%

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

$3,748 €3,265

$1,302 BMD 1,302

187.94%

International Primary School, 1 Child (Yearly)

$17.6K €15.4K

$25.5K BMD 25.5K

-30.87%

Jeans (Levis 501 Or Similar)

$228 €199

$89.2 BMD 89.2

155.82%

Summer Dress (H&M, Zara, etc)

$82.4 €71.7

$69.2 BMD 69.2

19.00%

Sport Shoes (Adidas, Nike)

$205 €178

$143 BMD 143

42.95%

Men's Leather Business Shoes

$286 €249

$129 BMD 129

121.03%

1-bedroom Apartment, City Center (Monthly)

$2,520 €2,195

$3,734 BMD 3,734

-32.52%

1-bedroom Apartment, Outside City Center (Monthly)

$4,158 €3,622

$2,405 BMD 2,405

72.92%

3-bedroom Apartment, City Center (Monthly)

$8,066 €7,027

$8,786 BMD 8,786

-8.19%

3-bedroom Apartment, Outside City Center (Monthly)

$7,483 €6,519

$8,019 BMD 8,019

-6.68%

Buy Apartment in City Center (m2)

$67.2K €58.6K

$14.7K BMD 14.7K

357.85%

Buy Apartment Outside City Center (m2)

$53.9K €47.0K

$9,209 BMD 9,209

485.34%

Average Monthly Net Salary (After Tax)

$8,901 €7,755

$6,829 BMD 6,829

30.34%

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: September 12, 2026

Last update for Hamilton: September 13, 2026

Cost Breakdown

A central one-bedroom costs $2,520 in Monte Carlo versus $3,734 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 30% 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 $131 in Monte Carlo versus $153 in Hamilton. Monthly groceries follow the same trend: $658 vs $769 – 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: $7,016 in Monte Carlo, $4,951 in Hamilton – roughly 42% apart. Monte Carlo costs more across the board, with Sport & Entertainment showing the biggest gap.

For a comfortable life, plan on about $10.5K per month in Monte Carlo and $7,427 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 $131 in Monte Carlo and $153 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 $7,016 in Monte Carlo and $4,951 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 $7,016 in Monte Carlo and $4,951 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 $4,951 in Hamilton to $7,016 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.