Prices and cost of living in Monaco in 2022

What are the prices in Monaco? Wondering how much dinner costs? What is the cost of accommodation? How much money do I need for shopping in a supermarket in Monaco?

What currency is used in Monaco?

The currency of Monaco is Euro (EUR). 1€ (euro) is divided into 100 c (cent). There are 8 different coins: €1, €2, 5c, 10c, 20c, 50c, 1c, 2c. There are 7 different bank notes with the following values: €5, €10, €20, €50, €100, €200, €500. To avoid unexpected risks of receiving fake money, we reccommend checking the currency when trading. Be especially careful with those banknotes: €500, €200. The current exchange rate of Euro (EUR) is: $1 USD = 0.95 EUR. (Data updated: today) Less popular banknotes are: €200, €500.

  1. For 1 Polish Zloty you can get: 0.21EUR Euro (EUR)
  2. For 1$ United States dollar (USD) you can get: 0.95EUR Euro (EUR)
  3. For 1£ British Pound (GBP) you can get: 1.16EUR Euro (EUR)

Is Monaco an expensive country?

Average prices in Monaco are higher than in United States. If you do your shopping in Monaco you have to pay 1.15 times more for it than in United States. The average accommodation cost in Monaco range from: 486 PLN (104 EUR) in hostel to 697 PLN (149 EUR) in 3 star hotel. Price per night in a luxury hotel in Monaco is about 3,300 PLN (726 EUR).
Using public transport in Monaco comes at a cost of: 7.00 PLN (1.50 EUR) for a one-way ticket. The price for renting a car in Monaco (e.g. Volkswagen Golf or Toyota Corolla) to 133,000 PLN (28,000 EUR). If you prefer taxi, remember that the price of a taxi in Monaco depends on several factors. Taxi starting price is about: 14 PLN (3.00 EUR). For 1 km ride in Monaco you have to pay about: 9.70 PLN (2.10 EUR).

Cost of living in Monaco is:

  1. 1.06 times lower than in Washington
  2. 1.20 times higher than in Jacksonville
  3. 1.23 times higher than in Houston
  4. 1.20 times higher than in Oklahoma City
  5. 1.24 times lower than in New York City

Is food expensive in Monaco?

Food prices in supermarkets are higher than in United States. For example, in Monaco you have to pay for:

  1. Bottle or carton of milk (1 liter): 6.10 PLN (1.30 EUR)
  2. Popular yellow cheese (1 kg): 93 PLN (20 EUR)
  3. A bottle of beer from a known brand: 8.90 PLN (1.90 EUR)
  4. A sausage or cold cuts (1 kg): 114 PLN (24 EUR)
  5. A mid-range wine (one bottle): 35 PLN (7.50 EUR)

How much money do I need for a week’s stay in Monaco?

If you want to spend a week in Monaco the cost of your stay will be:

  1. 5,600 PLN (1,100 EUR) – a cheap stay for 7 days in Monaco
  2. 7,900 PLN (1,700 EUR) – a budget travel for 7 days in Monaco
  3. 10,000 PLN (2,100 EUR) for a one week of comfortable stay in Monaco
  4. 39,000 PLN (8,300 EUR) for a week of luxury holidays in Monaco

What is a cost of meals (Breakfast/Lunch/Dinner) in Monaco? What is the average cost of lunch in Monaco?

In Monaco, a typical fast food meal costs: 58 PLN (13 EUR) for a McMeal at McDonalds or BurgerKing (or similar combo meal), and 18 PLN (3.80 EUR) for a cheeseburger. For coffee lovers: cappuccino coffee 18 PLN (3.90 EUR) and espresso 13 PLN (2.80 EUR).
Cigarettes are more expensive in Monaco than in United States. Average cost of a pack of local cigarettes is 39 PLN (8.30 EUR). For more famous brands such: Camel, L&M, Davidoff you have to pay about 49 PLN (10 EUR).

How much is a hotel in Monaco?

Average hotel price in Monaco is 4.46 times bigger than average price in Poland

Average hotel price in Monaco is:994 PLN213 EUR224 USD
Hostels prices in Monaco are around:486 PLN104 EUR109 USD
Price of 2 star hotel in Monaco is around:470 PLN101 EUR106 USD
Price of 3 star hotel in Monaco is around:697 PLN149 EUR157 USD
Price of 4 star hotel in Monaco is around:960 PLN205 EUR216 USD
Price of 5 star hotel in Monaco is around:3,397 PLN726 EUR764 USD

How much does it cost to rent a car in Monaco?

Car rental average prices in Monaco

CarPrice
Average price618 PLN (132 EUR)
Car Mini431 PLN (92 EUR)
Economy car378 PLN (81 EUR)
Compact car462 PLN (99 EUR)
Convertible595 PLN (127 EUR)
SUV609 PLN (130 EUR)
Passenger Van822 PLN (176 EUR)
Luxury car911 PLN (195 EUR)

Is food expensive in Monaco? How much does an inexpensive meal cost in Monaco?

Prices in restaurants in Monaco.

Meal in a cheap restaurant89 PLN (61-94)19 EUR (13-20)20 USD (14-21)
Meal for 2 People, Mid-range Restaurant, Three-course374 PLN (327-655)80 EUR (70-140)84 USD (74-147)
McMeal at McDonalds (or Equivalent Combo Meal)58 PLN (47-70)13 EUR (10.00-15)13 USD (11-16)
Domestic Beer (0.5 liter draught)37 PLN (23-56)8.00 EUR (5.00-12)8.40 USD (5.30-13)
Imported Beer (0.33 liter bottle)33 PLN (23-47)7.00 EUR (5.00-10.00)7.40 USD (5.30-11)
Coke/Pepsi (0.33 liter bottle)15 PLN (9.40-23)3.30 EUR (2.00-5.00)3.50 USD (2.10-5.30)
Water (0.33 liter bottle)14 PLN (9.40-19)3.10 EUR (2.00-4.00)3.20 USD (2.10-4.20)
Cappuccino (regular)18 PLN (8.40-28)3.90 EUR (1.80-6.00)4.10 USD (1.90-6.30)
Espresso Coffee13 PLN (5.90-20)2.80 EUR (1.30-4.20)2.90 USD (1.30-4.40)
Cheeseburger (fastfood)18 PLN (14-21)3.80 EUR (3.00-4.50)3.90 USD (3.20-4.70)

Can you eat cheaply in Monaco?

How much should you pay for cheese, eggs, milk or oranges in Monaco?

Prices in supermarkets in Monaco.

Milk (regular), (1 liter)6.10 PLN (4.20-9.40)1.30 EUR (0.90-2.00)1.40 USD (0.95-2.10)
A loaf of fresh white bread (500g)6.10 PLN (4.20-15)1.30 EUR (0.90-3.10)1.40 USD (0.95-3.30)
Eggs (regular) (12)15 PLN (6.10-23)3.20 EUR (1.30-5.00)3.40 USD (1.40-5.30)
Local Cheese (1kg)93 PLN (37-150)20 EUR (8.00-32)21 USD (8.40-34)
Water (1.5 liter bottle)3.70 PLN (2.30-4.70)0.78 EUR (0.50-1.00)0.82 USD (0.53-1.10)
A bottle of wine (Mid-Range)35 PLN (19-47)7.50 EUR (4.00-10.00)7.90 USD (4.20-11)
Domestic Beer (0.5 liter bottle)12 PLN (4.70-14)2.50 EUR (1.00-3.00)2.60 USD (1.10-3.20)
Imported Beer (0.33 liter bottle)8.90 PLN (4.70-14)1.90 EUR (1.00-3.00)2.00 USD (1.10-3.20)
Pack of Cigarettes (Marlboro)49 PLN (47-52)10 EUR (10.00-11)11 USD (11-12)
Chicken breasts (skinless and boneless) – (1kg)55 PLN (28-117)12 EUR (6.00-25)12 USD (6.30-26)
Apples (1kg)12 PLN (4.70-16)2.60 EUR (1.00-3.50)2.70 USD (1.10-3.70)
Oranges (1kg)11 PLN (3.30-14)2.40 EUR (0.70-3.00)2.50 USD (0.74-3.20)
Potatoes (1kg)8.70 PLN (2.80-14)1.90 EUR (0.60-3.10)2.00 USD (0.63-3.20)
Lettuce (1 head)5.50 PLN (4.60-7.00)1.20 EUR (0.99-1.50)1.20 USD (1.00-1.60)
Rice (white) (1kg)11 PLN (7.00-14)2.50 EUR (1.50-3.00)2.60 USD (1.60-3.20)
Tomato (1kg)14 PLN (4.70-16)2.90 EUR (1.00-3.50)3.10 USD (1.10-3.70)
Bananas (1kg)9.30 PLN (7.00-19)2.00 EUR (1.50-4.00)2.10 USD (1.60-4.20)
Onions (1kg)13 PLN (7.00-18)2.70 EUR (1.50-3.90)2.90 USD (1.60-4.10)
Beef Round (1kg) (or Equivalent Back Leg Red Meat)109 PLN (56-159)23 EUR (12-34)24 USD (13-36)
Pears (1kg)15 PLN (5.60-20)3.10 EUR (1.20-4.20)3.30 USD (1.30-4.40)
Cucumber (1kg)7.50 PLN (2.60-9.00)1.60 EUR (0.55-1.90)1.70 USD (0.58-2.00)
Perrier Water (small bottle 0,33l)6.80 PLN (4.40-8.70)1.50 EUR (0.94-1.90)1.50 USD (0.98-2.00)
Sausages (1kg)114 PLN (58-243)24 EUR (12-52)26 USD (13-55)
Cottage cheese (1kg)37 PLN (15-60)8.00 EUR (3.20-13)8.40 USD (3.40-13)
Whisky91 PLN19 EUR20 USD
Rum96 PLN21 EUR22 USD
Vodka80 PLN17 EUR18 USD
Gin83 PLN18 EUR19 USD

How much do you have to pay for a fuel or a taxi in Monaco?

Prices of Transportation and fuel in Monaco.

One-way Ticket (Local Transport)7.00 PLN (7.00-14)1.50 EUR (1.50-3.00)1.60 USD (1.60-3.20)
Monthly Pass (Regular Price)187 PLN (187-187)40 EUR (40-40)42 USD (42-42)
Gasoline (1 liter)9.30 PLN (9.30-9.30)2.00 EUR (2.00-2.00)2.10 USD (2.10-2.10)
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)110,000 PLN (106,000-114,000)23,000 EUR (22,000-24,000)24,000 USD (23,000-25,000)
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)133,000 PLN (126,000-140,000)28,000 EUR (27,000-30,000)29,000 USD (28,000-31,000)
Taxi starting price (normal tariff)14 PLN (14-37)3.00 EUR (3.00-8.00)3.20 USD (3.20-8.40)
Taxi 1km (Normal Tariff)9.70 PLN (9.70-9.90)2.10 EUR (2.10-2.10)2.20 USD (2.20-2.20)
Taxi 1 hour waiting (normal tariff)121 PLN (121-234)26 EUR (26-50)27 USD (27-53)

Is it expensive to live in Monaco?

Rent Prices Per Month in Monaco.

Apartment (1 bedroom) in City Centre4,100 PLN (3,600-5,600)878 EUR (790-1,200)924 USD (831-1,200)
Apartment (1 bedroom) Outside of Centre3,300 PLN (2,800-3,700)708 EUR (600-800)745 USD (631-842)
Apartment (3 bedrooms) in City Centre7,200 PLN (6,000-11,000)1,500 EUR (1,300-2,500)1,600 USD (1,300-2,600)
Apartment (3 bedrooms) Outside of Centre5,900 PLN (5,100-7,000)1,200 EUR (1,100-1,500)1,300 USD (1,100-1,500)

Prices of Utilities (Monthly) in Monaco.

Charges (electricity, heating, water, garbage) for an 85m2 apartment887 PLN (497-1,400)190 EUR (106-319)200 USD (112-335)
1 min. of prepaid mobile local tariff (No discounts or plans)1.80 PLN (0.37-1.90)0.38 EUR (0.08-0.40)0.40 USD (0.08-0.42)
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)150 PLN (117-234)32 EUR (25-50)34 USD (26-53)

Prices of Sports And Leisure in Monaco. How much does a cinema ticket cost in Monaco?

Fitness Club, Monthly Fee for 1 Adult147 PLN (117-164)31 EUR (25-35)33 USD (26-37)
Tennis court rent (1 hour during a weekend)87 PLN (70-94)19 EUR (15-20)20 USD (16-21)
Cinema, International Release, 1 Seat56 PLN (47-70)12 EUR (10.00-15)13 USD (11-16)

Prices of Clothing And Shoes in Monaco.

1 Pair of Jeans (Levis 501 Or Similar)311 PLN (140-421)66 EUR (30-90)70 USD (32-95)
1 Summer Dress in a Chain Store (Zara, H&M,…)170 PLN (140-234)36 EUR (30-50)38 USD (32-53)
1 Pair of Nike Running Shoes (Mid-Range)381 PLN (234-468)81 EUR (50-100)86 USD (53-105)
1 Pair of Men Leather Business Shoes541 PLN (234-935)116 EUR (50-200)122 USD (53-210)

Childcare prices in Monaco.

Preschool (or Kindergarten), Private, Monthly for 1 Child4,800 PLN (2,300-7,000)1,000 EUR (500-1,500)1,000 USD (526-1,500)
International Primary School, Yearly for 1 Child56,000 PLN (23,000-116,000)12,000 EUR (5,000-25,000)12,000 USD (5,200-26,000)

Apartment Price in Monaco. How much does a flat in Monaco cost?

Price per square meter for an apartment in city centre33,000 PLN (21,000-46,000)7,100 EUR (4,500-10,000)7,400 USD (4,700-10,000)
Price per square meter for an apartment outside of city centre19,000 PLN (18,000-19,000)4,000 EUR (4,000-4,200)4,200 USD (4,200-4,400)

What salary do you need to live in Monaco?

Salaries And Financing in Monaco.

Average Monthly Net Salary (After Tax)10,000 PLN2,300 EUR2,400 USD
Mortgage Interest Rate in Percentages (%), Yearly1.19% (1.00% – 2.50%)

data source: numbeo.com

Photo by MARIE SCHNEIDER from Pixabay

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