Compare the cost of your home country to the actual living costs in Monaco, simply select your home currency and see the difference!
All data is kept up to date by local members and actual students. Our latest update was on: 30th of June 2020
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| Food | Price in € | |||
|---|---|---|---|---|
 12 eggs dozen, large |
12.50 EUR | |||
 1 beer pint in local shops, markets |
7 EUR | |||
 1 kg of tomatoes |
8.50 EUR | |||
 Full chicken 2kg |
38.75 EUR | |||
 1litre 100% fruit juice |
8.50 EUR | |||
 1 package of cigarettes imported brands |
25 EUR | |||
 1 kg (2 lb.) of apples |
7.50 EUR | |||
 1 bottle of red table wine, good quality |
48.95 EUR | |||
| 2.5 liters of Coca-Cola |
0.95 EUR | |||
 1 Bread loaf standard |
9.50 EUR | |||
 Whole fat Yogurt. 500ml |
12 EUR | |||
 1x6 pack Dardanelle tuna |
18.50 EUR | |||
| Heinz baked beans 1 tin |
8 EUR | |||
 1.5 kg Sugar |
10 EUR | |||
| 2 liter cooking oil |
20 EUR | |||
 Yum-yum noodles per pack |
2.00 EUR | |||
| 1 kg (2 lb.) of potatoes |
5.50 EUR | |||
 1 liter milk |
8.50 EUR | |||
 Fast food restaurant large serving/ take away |
25 EUR | |||
| Housing | ||||
 Utilities per month (water, electricity, gas) for 2 people in flat |
165 EUR | |||
 Wi-Fi monthly fee 8 Mbps (1 month) |
145 EUR | |||
 Laundry detergent (bleach, sunlight liquid, washing surf… altogether) |
58.50 EUR | |||
 House Cleaning fee per day |
105 EUR | |||
 Large Gas heater price range upwards. |
200 EUR | |||
 Original branded Electric Fans |
200 EUR | |||
 Original branded Electric kettle. |
120 EUR | |||
 40 inches Beko flat screen HD TV set |
2000 EUR | |||
 Single bed Blankets |
120 EUR | |||
| Personal Care | ||||
 Avon for women and men cologne |
100 EUR | |||
 Ladies hair plaiting. |
60 EUR | |||
 Ladies Sanitaryware (Pads and Tampoons) |
18 EUR | |||
 Men's haircut |
40 EUR | |||
 Ibuprofen, Panadol, Grandpa Pain killers box of 12 dosses |
24.50 EUR | |||
 Mobile package local network providers’ talk-time, data and messages |
65 EUR | |||
 1 month of gym subscription. |
105 EUR | |||
 Earphones original (Samsung. iPhone) |
90 EUR | |||
| Unisex Loris perfume |
30 EUR | |||
 Gadgets maintenance and repairs (cellphone, laptops, tablets...) starting price. |
100 EUR | |||
| Smart phones (Samsung, Xiaomi, HTC, IPhone) price range upwards |
1000 EUR | |||
 Laptops (Samsung, Lenovo, Hp, Monster, Dell etc.) price range upwards |
3000 EUR | |||
| Entertainment | ||||
 Boat cruise with refreshments and finger snacks |
120 EUR | |||
 Go carting 30mins |
120 EUR | |||
 Movie House 3d cinema |
30 EUR | |||
 Summer Festivals (jet, bumper cars, lucky deep ...(per ticket) |
15 EUR | |||
 Photo shoot |
120 EUR | |||
 Cappuccino / expresso/ coffee |
12.50 EUR | |||
 3 course dinner local restaurant two people |
96.50 EUR | |||
 3 course dinner classy, exotic restaurant two people |
150 EUR | |||
 Play station 4 console without games. |
2000 EUR | |||
 Spalding Basketball |
200 EUR | |||
 Original branded Racket and Wilson’s tennis balls |
500 EUR | |||
| Transportation | ||||
 Taxi fare on average 5-10km |
45 EUR | |||
 Public transport per trip one way maximum fare |
30 EUR | |||
 1 liter petrol/diesel |
6.50 EUR | |||
| 1 day rent a car cost |
140 EUR | |||
 Driver’s license |
2300 EUR | |||
| Clothes | ||||
 1 pair of jeans (Denim or similar) |
150 EUR | |||
 1 pair of men’s formal shoes |
215 EUR | |||
 1 pair original sport/casual shoes (Nike, Adidas, or equivalent brands) |
280 EUR | |||
 1 classy summer dress (Zara, H&M or similar retailers) |
135.79 EUR | |||
 Ladies formal shoes original and durable |
120 EUR | |||
 Back-pack, gym bag (Nike, Adidas, New balance) |
150 EUR | |||
Choosing to study is a tough decision and numerous doubts go through our minds before making it. What we should do is get acquainted with all the pros and cons related to the place where we intending to move.
People’s opinions are different, but one is certain. According to their experience, we can conclude what the right decision for us maybe. The country is definitely one of the cheapest destinations, and if you happen to earn a salary in more developed countries, your life there will be joyful and stress-free.
Restaurants
Monaco restaurants are cheap mostly for the people who come from rich countries. The price of a meal is only USD 10 and you can drink a bottle of beer at the price of USD 5. Those low prices are due to the poor standard of living of Monaco’s locals.
Markets
Some people prefer eating out to preparing their own meals at home, and this is quite affordable in Monaco if you come from a rich country. The price of milk is rather high here, while other groceries, fruit, and vegetables can be found at lower prices at the local markets. You can expect to spend about USD 300 per month on markets!
Transportation
If you decide to drive, you may find the price of gasoline rather low, not exceeding USD 20 per gallon. Affected by the low price of gasoline, public transportation is also very affordable. A monthly ticket is a perfect option for those who commute daily and do not possess their own vehicle.
Utilities
Being that the living conditions are so poor, the utility prices are extremely high here. Actually, they are equally high as in some other countries where the minimum monthly wage is above USD 400. The Internet is too expensive and inaccessible to many people in the country.
Clothing and shoes
If you are spending much money on shopping for clothes, then Monaco would cut your expenses in half, because clothing item prices are extremely low in other more developed countries. For people in the country, they are high and only 2% of the monthly budget is spent on them.
Rent per month
Some people prefer eating out to preparing their own meals at home, and this is quite affordable in Monaco if you come from a rich country. The price of milk is rather high here, while other groceries, fruit, and vegetables can be found at lower prices at the local markets. You can expect to spend about USD 300 per month on markets!
Transportation
If you decide to drive, you may find the price of gasoline rather low, not exceeding USD 20 per gallon. Affected by the low price of gasoline, public transportation is also very affordable. A monthly ticket is a perfect option for those who commute daily and do not possess their own vehicle.
Utilities
Being that the living conditions are so poor, the utility prices are extremely high here. Actually, they are equally high as in some other countries where the minimum monthly wage is above USD 400. The Internet is too expensive and inaccessible to many people in the country.
Clothing and shoes
If you are spending much money on shopping for clothes, then Monaco would cut your expenses in half, because clothing item prices are extremely low in other more developed countries. For people in the country, they are high and only 2% of the monthly budget is spent on them.
Rent per month
Whether you want an apartment in the city center or away from it, to have one bedroom or more bedrooms, to be fully-furnished or not, it all depends on you. Different alternatives are available and the decision is yours, but pay attention to the prices. The difference between the same size apartments in the city center and out of it is about USD 600.
Health Care
Cost is average for consulting a doctor in a public institution that will cost about $100USD and for a private doctor can vary between USD 80 to USD 300 depending on the city. There are student medical aids that are accepted by various institutions in Monaco. It is advised to check with your offer letter on what procedures need to be followed on health insurance!
