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 $5,190 per month in Monte Carlo vs $4,774 in Hamilton, rent included.

A couple spends around $9,406 per month in Monte Carlo vs $9,239 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 9% more than Hamilton, driven mainly by Sport & Entertainment.

Both Monte Carlo and Hamilton sit above the global median – Monte Carlo by 288%, Hamilton by 257%.

Meal at Budget Restaurant

$55.3 €47.24

$59.1 BMD 59.1

-6.41%

Three-Course Dinner for Two, Mid-Range

$124 €106

$177 BMD 177

-30.02%

Fast Food Meal (McDonalds, etc)

$11.24 €9.60

$14.71 BMD 14.71

-23.59%

Cappuccino

$4.38 €3.74

$6.52 BMD 6.52

-32.82%

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

$6.87 €5.87

$3.37 BMD 3.37

103.86%

Water (0.33 liter bottle)

$8.18 €6.99

$2.99 BMD 2.99

173.58%

Local Beer (0.5 liter draught)

$10.26 €8.76

$9.98 BMD 9.98

2.81%

Imported Beer (0.33 liter bottle)

$12.81 €10.94

$8.44 BMD 8.44

51.78%

Milk (1 liter)

$2.26 €1.93

$4.48 BMD 4.48

-49.55%

White Bread (500g)

$5.10 €4.36

$8.70 BMD 8.70

-41.38%

Rice (white) (1kg)

$4.73 €4.04

$5.38 BMD 5.38

-12.08%

Eggs

$4.76 €4.06

$7.72 BMD 7.72

-38.34%

Local Cheese (1kg)

$11.81 BMD 11.81

Chicken Fillets (1kg)

$17.08 €14.58

$24.71 BMD 24.71

-30.88%

Beef Round Steak (1kg)

$22.83 €19.49

$32.04 BMD 32.04

-28.75%

Apples (1kg)

$6.19 €5.29

$10.37 BMD 10.37

-40.31%

Banana (1kg)

$7.54 €6.44

$6.38 BMD 6.38

18.18%

Oranges (1kg)

$4.92 €4.20

$12.63 BMD 12.63

-61.05%

Tomato (1kg)

$8.69 €7.42

$11.25 BMD 11.25

-22.76%

Potato (1kg)

$5.73 €4.89

$8.54 BMD 8.54

-32.90%

Onion (1kg)

$5.74 €4.90

$5.09 BMD 5.09

12.77%

Lettuce (1 head)

$5.13 €4.38

$5.89 BMD 5.89

-12.90%

Water (1.5 liter bottle)

$6.47 €5.53

$3.26 BMD 3.26

98.47%

Cigarettes 20 Pack (Marlboro, Camel)

$12.48 €10.66

$17.94 BMD 17.94

-30.43%

Wine (Bottle)

$17.81 €15.21

$25.07 BMD 25.07

-28.96%

Local Beer (0.5 liter bottle)

$2.08 €1.77

$5.20 BMD 5.20

-60.00%

Imported Beer (0.33 liter bottle)

$4.56 €3.89

$4.53 BMD 4.53

0.66%

One-way Ticket (Public Transport)

$2.06 €1.76

$4.77 BMD 4.77

-56.81%

Public Transport Monthly Pass (Regular Price)

$39.03 €33.33

$68.1 BMD 68.1

-42.70%

Taxi Start (Normal Tariff)

$5.62 €4.80

$6.12 BMD 6.12

-8.17%

Taxi (Normal Tariff) (1km)

$2.04 €1.74

$3.30 BMD 3.30

-38.18%

Taxi 1hour Waiting (Normal Tariff)

$117 €99.6

$54.8 BMD 54.8

112.88%

Gasoline (1 liter)

$2.44 €2.09

$2.28 BMD 2.28

7.02%

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

$56.2K €48.0K

$35.5K BMD 35.5K

58.26%

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

$44.4K €37.9K

$38.7K BMD 38.7K

14.75%

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

$493 €421

$233 BMD 233

111.60%

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

$61.4 €52.4

$119 BMD 119

-48.47%

Internet (50+ Mbps, Unlimited Data)

$101 €86.6

$158 BMD 158

-35.97%

Gym Membership (Monthly)

$540 €461

$190 BMD 190

183.71%

Tennis Court (1 Hour on Weekend)

$57.2 €48.85

$31.99 BMD 31.99

78.81%

Cinema Ticket

$18.43 €15.74

$13.31 BMD 13.31

38.47%

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

$3,696 €3,157

$1,305 BMD 1,305

183.32%

International Primary School, 1 Child (Yearly)

$17.5K €14.9K

$24.3K BMD 24.3K

-27.96%

Jeans (Levis 501 Or Similar)

$232 €198

$79.0 BMD 79.0

194.00%

Summer Dress (H&M, Zara, etc)

$81.2 €69.4

$59.1 BMD 59.1

37.32%

Sport Shoes (Adidas, Nike)

$204 €174

$135 BMD 135

50.76%

Men's Leather Business Shoes

$284 €243

$129 BMD 129

120.46%

1-bedroom Apartment, City Center (Monthly)

$2,523 €2,155

$3,347 BMD 3,347

-24.62%

1-bedroom Apartment, Outside City Center (Monthly)

$2,280 €1,947

$2,197 BMD 2,197

3.77%

3-bedroom Apartment, City Center (Monthly)

$7,840 €6,696

$8,587 BMD 8,587

-8.69%

3-bedroom Apartment, Outside City Center (Monthly)

$7,731 €6,602

$7,611 BMD 7,611

1.57%

Buy Apartment in City Center (m2)

$68.4K €58.4K

$14.8K BMD 14.8K

361.13%

Buy Apartment Outside City Center (m2)

$55.4K €47.3K

$8,870 BMD 8,870

524.79%

Average Monthly Net Salary (After Tax)

$9,037 €7,718

$6,737 BMD 6,737

34.15%

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: April 27, 2026

Last update for Hamilton: April 26, 2026

Cost Breakdown

A central one-bedroom costs $2,523 in Monte Carlo versus $3,347 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 $124 in Monte Carlo versus $177 in Hamilton. Monthly groceries follow the same trend: $587 vs $820 – 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: $5,190 in Monte Carlo, $4,774 in Hamilton – roughly 9% apart. Monte Carlo costs more across the board, with Sport & Entertainment showing the biggest gap.

For a comfortable life, plan on about $7,786 per month in Monte Carlo and $7,161 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 $177 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 $5,190 in Monte Carlo and $4,774 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 $5,190 in Monte Carlo and $4,774 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 $4,774 in Hamilton to $5,190 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.