Cost of Living in Monaco 2026 — Rent, Food, Tax & BudgetMonthly Living Costs in Monaco
Average prices from our cost dataset, re-checked on a rolling basis:
1BR Rent
per month, city average
3BR Rent
per month, city average
Groceries
per month, single person
Transport
per month, public transit pass
Utilities
per month, basic apartment
Meal Out
typical price per meal
Monthly budget (single person): €3,605 (1-bedroom rent + groceries + transport + utilities)
Monthly budget (couple): €4,130 (shared 1-bedroom rent, two of everything else)
These are national averages — actual costs vary by city and lifestyle.
How Expensive Is Monaco Overall?
| Indicator | Value |
|---|---|
| Cost-of-living index (market data; higher = more expensive) | 177.3 |
Salaries by Sector
Typical gross annual salaries in Monaco from our sector dataset:
| Sector | Typical gross annual (EUR) |
|---|---|
| Finance | €98,000 |
| IT & Software | €95,000 |
| Engineering | €88,000 |
| Healthcare | €72,000 |
| Construction | €70,000 |
| Education | €65,000 |
| Hospitality | €52,000 |
| Retail | €48,000 |
Taxes in Monaco
Headline tax figures that shape your take-home pay:
| Tax | Rate / amount |
|---|---|
| Effective income tax at €90k gross | 0% |
| Net monthly pay at €90k gross | €6,213 |
| VAT / sales tax | 19.6% |
| Top personal income-tax rate | 10% |
Worked example: on a €90,000 gross salary, net pay is about €6,213 per month. After rent and essentials (€3,605), roughly €2,608 per month is left for savings and discretionary spending.
How Monaco Compares to Its Neighbours
| Country | 1BR Rent | Groceries | Transport | Cost index |
|---|---|---|---|---|
| Monaco | €2,800 | €450 | €75 | 177.3 |
| France | €767 | €342 | €85 | 83.4 |
| Germany | €812 | €289 | €110 | 81.6 |
| Netherlands | €1,437 | €365 | €110 | 86.3 |
Quality of Life Metrics
Beyond cost, these factors shape everyday life in Monaco:
Safety index
Healthcare index
Internet speed
English proficiency
Life expectancy
Expat satisfaction
What It Costs to Get In: Visas & Residence
We track 4 residence and visa routes for Monaco — see the full Monaco visa programme list.
Lowest documented income requirement among tracked routes: €5,000 per month — How to register an application for authorisation to hire staff or to amend/renew a work pe (work route). Requirements change; always confirm on the official page before applying.
Our engine estimates a minimum financial viability of €3,605 per month to sustain a move to Monaco.
Frequently Asked Questions
Is Monaco expensive?
Monaco has a cost-of-living index of 177.3 (higher = more expensive). A 1-bedroom apartment averages €2,800 per month and a single person spends about €3,605 per month on rent plus essentials.
How much money do I need per month in Monaco?
About €3,605 per month covers rent and essentials for a single person (1-bedroom rent + groceries + transport + utilities). A couple sharing a 1-bedroom apartment needs about €4,130 per month.
What is the average rent in Monaco?
A 1-bedroom apartment averages €2,800 per month and a 3-bedroom apartment averages €5,500 per month in Monaco. Prices vary significantly between city centres and smaller towns.
What do people earn in Monaco?
Typical gross annual salaries in Monaco range from €48,000 (Retail) to €98,000 (Finance), based on our sector dataset.
Which residence route has the lowest income requirement for Monaco?
Among the 4 Monaco residence routes we track, the lowest documented income requirement is €5,000 per month (How to register an application for authorisation to hire staff or to amend/renew a work permit). Requirements change; always confirm on the official page before applying.
Ready for the next step? See the full Monaco country profile and the Monaco emigration guide.
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