The Cost Of Living In Monaco: A Comprehensive Guide


Monaco is a tiny yet glamorous city-state located on the French Riviera. It’s known for its luxurious lifestyle, stunning architecture, and beautiful beaches. But how much does it cost to live in Monaco? In this guide, we’ll take a deep dive into the cost of living in Monaco and give you an idea of what to expect if you’re considering moving to this beautiful city-state.


As expected, housing in Monaco is expensive. A one-bedroom apartment in the city center can cost up to €5,000 per month, while a three-bedroom apartment can cost up to €15,000 per month. If you’re looking to buy a property, be prepared to spend millions of euros. However, if you’re willing to live outside the city center, you can find more affordable housing options.


Utilities in Monaco are also pricey. Electricity, water, and heating can cost up to €500 per month for a family of four. However, if you’re living in a small apartment, your monthly utility bills will be significantly lower.

Food and Dining

Monaco is known for its high-end restaurants and gourmet cuisine. A typical meal for two in a mid-range restaurant can cost around €100. However, there are also plenty of affordable dining options, such as street food and local markets. Groceries are generally more expensive than in other European countries, with prices for basic items such as bread and milk being around 50% higher.


Public transportation in Monaco is efficient and affordable. A one-way ticket on a local bus costs €2, while a monthly pass costs €50. Taxis are also available, but they can be expensive. If you’re looking to travel outside of Monaco, there are plenty of trains and buses that connect the city-state to other parts of Europe.


Monaco has a world-class healthcare system, but it’s also expensive. If you’re a resident, you’ll need to pay into the national healthcare system, which can cost up to €1,000 per month for a family of four. Private healthcare is also available, but it can be even more expensive.


Monaco has a range of excellent schools, but they’re also costly. If you’re looking to enroll your child in an international school, be prepared to spend up to €30,000 per year. However, there are also plenty of public schools that offer free education to residents.


Monaco is a city-state that never sleeps, with plenty of entertainment options available. A movie ticket costs around €15, while a night out at a nightclub can cost up to €100 per person. If you’re looking for more affordable entertainment options, there are plenty of parks and beaches where you can relax for free.


Living in Monaco is undeniably expensive, but it’s also an experience like no other. Whether you’re looking for a glamorous lifestyle or simply want to enjoy the beautiful surroundings, Monaco has something to offer everyone. So, if you’re considering moving to this city-state, be prepared to pay a premium, but also enjoy the high quality of life that comes with it.