Cost of Living Comparison Between Spain and Monaco Cost of Living Comparison Between Spain and Monaco

Name: Monaco
Address: MC

Monthly Cost of Living

Monthly costs for one person with rent: $1,642 in Spain versus $9,429 in Monaco.

Estimated couple costs with rent: $2,392 in Spain versus $9,471 in Monaco.

Monthly costs for a family of three with rent: $3,142 in Spain versus $9,512 in Monaco.

Living in Spain costs about 83% less than in Monaco on average.

Both countries sit above the global median: Spain 23% above, Monaco 608% above.

Internal cost variation is higher in Monaco: monthly costs span $5,103 to $12.4K, compared to $1,122–$3,254 in Spain. City choice carries more weight in Monaco.

Meal at Budget Restaurant

$16.06 €13.91

$30.69 €26.57

-47.67%

Three-Course Dinner for Two, Mid-Range

$56.9 €49.24

$167 €144

-65.86%

Fast Food Meal (McDonalds, etc)

$10.30 €8.92

$12.67 €10.97

-18.71%

Cappuccino

$2.32 €2.01

$4.43 €3.84

-47.63%

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

$2.60 €2.26

$5.76 €4.99

-54.86%

Water (0.33 liter bottle)

$1.84 €1.59

$7.53 €6.52

-75.56%

Local Beer (0.5 liter draught)

$3.43 €2.97

$10.00 €8.66

-65.70%

Imported Beer (0.33 liter bottle)

$3.97 €3.44

$9.55 €8.27

-58.43%

Milk (1 liter)

$1.19 €1.03

$2.08 €1.80

-42.79%

White Bread (500g)

$1.52 €1.32

$5.26 €4.55

-71.10%

Rice (white) (1kg)

$1.67 €1.45

$4.27 €3.69

-60.89%

Eggs

$2.98 €2.58

$5.24 €4.53

-43.13%

Local Cheese (1kg)

$14.42 €12.49

$17.63 €15.27

-18.21%

Chicken Fillets (1kg)

$8.59 €7.44

$18.98 €16.44

-54.74%

Beef Round Steak (1kg)

$15.95 €13.81

$18.88 €16.35

-15.52%

Apples (1kg)

$2.51 €2.17

$4.65 €4.03

-46.02%

Banana (1kg)

$2.07 €1.80

$6.14 €5.32

-66.29%

Oranges (1kg)

$2.04 €1.77

$3.78 €3.28

-46.03%

Tomato (1kg)

$2.64 €2.28

$5.23 €4.53

-49.52%

Potato (1kg)

$1.76 €1.52

$4.08 €3.54

-56.86%

Onion (1kg)

$1.98 €1.71

$4.25 €3.68

-53.41%

Lettuce (1 head)

$1.35 €1.17

$3.78 €3.27

-64.29%

Water (1.5 liter bottle)

$0.74 €0.64

$6.83 €5.91

-89.17%

Cigarettes 20 Pack (Marlboro, Camel)

$6.27 €5.43

$14.75 €12.77

-57.49%

Wine (Bottle)

$5.75 €4.98

$10.70 €9.27

-46.26%

Local Beer (0.5 liter bottle)

$1.30 €1.13

$2.04 €1.77

-36.27%

Imported Beer (0.33 liter bottle)

$2.06 €1.78

$5.03 €4.36

-59.05%

One-way Ticket (Public Transport)

$1.77 €1.53

$2.33 €2.02

-24.03%

Public Transport Monthly Pass (Regular Price)

$34.49 €29.87

$25.45 €22.04

35.52%

Taxi Start (Normal Tariff)

$4.49 €3.89

$6.91 €5.98

-35.02%

Taxi (Normal Tariff) (1km)

$1.32 €1.15

$1.79 €1.55

-26.26%

Taxi 1hour Waiting (Normal Tariff)

$27.12 €23.48

$104 €90.0

-73.90%

Gasoline (1 liter)

$1.80 €1.56

$2.41 €2.09

-25.31%

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

$38.2K €33.1K

$56.7K €49.1K

-32.54%

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

$30.8K €26.7K

$52.0K €45.1K

-40.80%

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

$149 €129

$348 €302

-57.30%

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

$20.14 €17.44

$60.5 €52.4

-66.73%

Internet (50+ Mbps, Unlimited Data)

$33.50 €29.01

$69.2 €59.9

-51.59%

Gym Membership (Monthly)

$46.30 €40.10

$392 €339

-88.18%

Tennis Court (1 Hour on Weekend)

$15.61 €13.52

$45.20 €39.14

-65.46%

Cinema Ticket

$9.40 €8.14

$13.63 €11.80

-31.03%

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

$522 €452

$2,756 €2,386

-81.05%

International Primary School, 1 Child (Yearly)

$9,880 €8,556

$35.8K €31.0K

-72.41%

Jeans (Levis 501 Or Similar)

$88.1 €76.3

$192 €166

-54.02%

Summer Dress (H&M, Zara, etc)

$35.98 €31.16

$85.7 €74.2

-57.99%

Sport Shoes (Adidas, Nike)

$89.0 €77.1

$200 €173

-55.50%

Men's Leather Business Shoes

$108 €93.6

$674 €584

-83.98%

1-bedroom Apartment, City Center (Monthly)

$1,039 €900

$7,148 €6,190

-85.46%

1-bedroom Apartment, Outside City Center (Monthly)

$820 €710

$8,194 €7,096

-90.00%

3-bedroom Apartment, City Center (Monthly)

$1,689 €1,462

$32.3K €28.0K

-94.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,214 €1,051

$7,546 €6,535

-83.91%

Buy Apartment in City Center (m2)

$4,301 €3,725

$64.4K €55.8K

-93.32%

Buy Apartment Outside City Center (m2)

$2,604 €2,255

$63.7K €55.2K

-95.91%

Average Monthly Net Salary (After Tax)

$1,982 €1,716

$9,519 €8,244

-79.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

2.83

24.03%

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

Last update for Spain: July 27, 2026

Last update for Monaco: July 26, 2026

Cost Breakdown

National rent averages: $898 in Spain, $3,621 in Monaco. Capital cities: $1,561 in Madrid vs $8,404 in Monaco.

National salary averages: $1,989 in Spain, $9,472 in Monaco. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 303% higher in Monaco.

Dining out costs 202% more in Monaco.

Public transport is 57% more expensive in Spain.

Salaries are 376% higher in Monaco, and purchasing power comes out stronger in Spain.

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

Spain vs Monaco: Cost of Living - Frequently Asked Questions

At $8,756 per month in Monaco and $2,188 in Spain, there's a 300% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Day-to-day life is simply cheaper in Spain: lower food prices, cheaper commutes, smaller household bills. Over time, those daily savings make a real difference to your monthly budget and ability to put money away.

Rent in Monaco is consistently higher than in Spain across the board, especially in major cities. Housing is usually the single biggest driver of the overall cost difference between the two countries.

In Spain, $3,000 covers most cities easily; in Monaco it stretches only to regional areas and falls short in the capital – you'll need to make trade-offs on housing or lifestyle.

It depends on what you're after: Spain wins on affordability; Monaco may offer higher salaries, better infrastructure, and different cultural perks. Both attract large expat communities for different reasons.