Last update: Oct 2026

Cost of Living Comparison Between Spain and Monaco

Name: Monaco
Address: MC

For one person, living is cheaper in Spain: $1,783 a month against $9,142 in Monaco, rent and utilities included – about $88,300 less a year. Rent and utilities account for most of the difference.

86

Cost of Living Index in Spain
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Spain Living Index
442

Cost of Living Index in Monaco
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Monaco Living Index

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🇪🇸 Spain

$1,783

/mo nomad

🇲🇨 Monaco

$9,142

/mo nomad

Monthly Cost of Living

How much you'll spend in Spain and in Monaco

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

Monthly costs for one person with rent: $1,783 in Spain versus $9,142 in Monaco.

Spain $1,783
Monaco $9,142

Estimated couple costs with rent: $2,606 in Spain versus $12.0K in Monaco.

Spain $2,606
Monaco $12.0K

Monthly costs for a family of three with rent: $3,429 in Spain versus $14.9K in Monaco.

Spain $3,429
Monaco $14.9K

Internal cost variation is higher in Monaco: monthly costs span $8,081 to $13.9K, compared to $937–$2,597 in Spain. City choice carries more weight in Monaco.

Living in Spain costs about 80% less than in Monaco on average.

Both countries sit above the global median: Spain 33% above, Monaco 582% above.

Meal at Budget Restaurant

$16.95 €15.12

$28.01 €25.00

-39.49%

Three-Course Dinner for Two, Mid-Range

$56.7 €50.6

$161 €144

-64.83%

Fast Food Meal (McDonalds, etc)

$11.32 €10.10

$12.67 €11.31

-10.66%

Cappuccino

$2.33 €2.08

$4.24 €3.78

-45.05%

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

$2.67 €2.39

$5.88 €5.25

-54.59%

Water (0.33 liter bottle)

$1.86 €1.66

$7.57 €6.75

-75.43%

Local Beer (0.5 liter draught)

$3.27 €2.92

$10.24 €9.13

-68.07%

Imported Beer (0.33 liter bottle)

$3.96 €3.53

$9.77 €8.72

-59.47%

Milk (1 liter)

$1.22 €1.09

$1.85 €1.65

-34.05%

White Bread (500g)

$1.47 €1.31

$4.50 €4.02

-67.33%

Rice (white) (1kg)

$1.67 €1.49

$3.69 €3.30

-54.74%

Eggs

$3.45 €3.08

$5.12 €4.57

-32.62%

Local Cheese (1kg)

$14.14 €12.62

$17.98 €16.05

-21.36%

Chicken Fillets (1kg)

$8.30 €7.41

$18.99 €16.95

-56.29%

Beef Round Steak (1kg)

$15.99 €14.27

$22.45 €20.03

-28.78%

Apples (1kg)

$2.44 €2.18

$3.80 €3.39

-35.79%

Banana (1kg)

$1.97 €1.76

$6.01 €5.37

-67.22%

Oranges (1kg)

$2.16 €1.93

$3.72 €3.32

-41.94%

Tomato (1kg)

$2.58 €2.30

$6.13 €5.47

-57.91%

Potato (1kg)

$1.86 €1.66

$4.74 €4.23

-60.76%

Onion (1kg)

$1.95 €1.74

$4.95 €4.41

-60.61%

Lettuce (1 head)

$1.35 €1.21

$3.63 €3.24

-62.81%

Water (1.5 liter bottle)

$0.72 €0.65

$6.75 €6.03

-89.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.36 €5.68

$15.54 €13.86

-59.07%

Wine (Bottle)

$5.59 €4.99

$7.70 €6.87

-27.40%

Local Beer (0.5 liter bottle)

$1.25 €1.11

$1.97 €1.76

-36.55%

Imported Beer (0.33 liter bottle)

$2.04 €1.82

$4.40 €3.92

-53.64%

One-way Ticket (Public Transport)

$1.65 €1.47

$2.26 €2.02

-26.99%

Public Transport Monthly Pass (Regular Price)

$33.88 €30.24

$24.42 €21.80

38.74%

Taxi Start (Normal Tariff)

$4.45 €3.97

$5.44 €4.86

-18.20%

Taxi (Normal Tariff) (1km)

$1.44 €1.29

$1.97 €1.75

-26.90%

Taxi 1hour Waiting (Normal Tariff)

$24.55 €21.91

$99.3 €88.7

-75.29%

Gasoline (1 liter)

$1.74 €1.56

$2.32 €2.07

-25.00%

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

$36.0K €32.1K

$54.2K €48.4K

-33.69%

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

$29.8K €26.6K

$50.7K €45.2K

-41.14%

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

$151 €135

$403 €360

-62.46%

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

$17.62 €15.72

$53.7 €47.88

-67.16%

Internet (50+ Mbps, Unlimited Data)

$32.06 €28.61

$68.9 €61.4

-53.44%

Gym Membership (Monthly)

$45.30 €40.42

$283 €252

-83.98%

Tennis Court (1 Hour on Weekend)

$15.11 €13.49

$52.3 €46.70

-71.13%

Cinema Ticket

$9.27 €8.27

$13.50 €12.05

-31.33%

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

$531 €474

$2,637 €2,353

-79.87%

International Primary School, 1 Child (Yearly)

$10.4K €9,278

$35.0K €31.2K

-70.28%

Jeans (Levis 501 Or Similar)

$86.4 €77.1

$195 €174

-55.79%

Summer Dress (H&M, Zara, etc)

$37.02 €33.04

$81.3 €72.6

-54.48%

Sport Shoes (Adidas, Nike)

$90.9 €81.1

$193 €173

-52.98%

Men's Leather Business Shoes

$104 €92.9

$586 €523

-82.23%

1-bedroom Apartment, City Center (Monthly)

$993 €886

$9,331 €8,327

-89.36%

1-bedroom Apartment, Outside City Center (Monthly)

$791 €706

$6,752 €6,026

-88.29%

3-bedroom Apartment, City Center (Monthly)

$1,606 €1,433

$13.7K €12.2K

-88.29%

3-bedroom Apartment, Outside City Center (Monthly)

$1,197 €1,068

$9,294 €8,294

-87.12%

Buy Apartment in City Center (m2)

$4,073 €3,635

$72.4K €64.7K

-94.38%

Buy Apartment Outside City Center (m2)

$2,601 €2,321

$69.4K €61.9K

-96.25%

Average Monthly Net Salary (After Tax)

$2,001 €1,786

$9,270 €8,272

-78.41%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.29

2.83

16.25%

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

Last update for Spain: October 4, 2026

Last update for Monaco: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Spain

$791 44.9%

Monaco

$6.8K 74.1% 754% $6K

Groceries & Markets

Spain

$270 15.3%

Monaco

$569 6.2% 111% $299

Eating Out

Spain

$240 13.6%

Monaco

$437 4.8% 82.4% $198

Monthly Utilities & Internet

Spain

$201 11.4%

Monaco

$526 5.8% 162% $325

Clothing & Footwear

Spain

$143 8.1%

Monaco

$475 5.2% 232% $332

Sport & Entertainment

Spain

$64 3.6%

Monaco

$310 3.4% 385% $246

Getting Around

Spain

$52 3%

Monaco

$49 0.5% 6.5% $3.4

Cost Breakdown

National rent averages: $911 in Spain, $3,951 in Monaco. Capital cities: $1,524 in Madrid vs $9,011 in Monaco.

National salary averages: $1,980 in Spain, $9,240 in Monaco. Higher pay doesn't always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 334% higher in Monaco.

Dining out costs 165% more in Monaco.

Salaries are 367% higher in Monaco.

Good to know

🇪🇸 Spain

🇲🇨 Monaco

🕒 Local time

11:19 11:19 AM

Same time as Spain

🌤 Weather

👥 Population

47,415,750

38,350

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Highest

Between locations

Spain Monaco 990 km ≈ 1 h 45 min nonstop flight

From you

Spain
Monaco

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

Spain vs Monaco: Cost of Living - Frequently Asked Questions

At $9,142 per month in Monaco and $1,783 in Spain, there's a 413% gap. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Rent for a central one-bedroom averages $3,951 in Monaco and $911 in Spain. Rents vary a lot between cities, so the gap depends on where you settle.

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.