Cost of Living Comparison Between Canada and Monaco 
| Indices Difference |  |
|---|---|
| Cost of Living in Monaco is 141.7% higher than in Canada (excluding rent) | |
| Cost of Living Including Rent in Monaco is 313.5% higher than in Canada | |
| Rent Prices in Monaco are 735.8% higher than in Canada | |
| Restaurant Prices in Monaco are 75.3% higher than in Canada | |
| Groceries Prices in Monaco are 50.3% higher than in Canada | |
| Local Purchasing Power in Monaco is 27.5% lower than in Canada | |
Restaurants | Canada Edit |
Monaco Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (15.88 €) |
39.35 C$ (25.00 €) |
+57.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (63.53 €) |
225.05 C$ (142.97 €) |
+125.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (9.53 €) |
16.92 C$ (10.75 €) |
+12.8 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.08 €) |
12.59 C$ (8.00 €) |
+57.4 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.08 €) |
12.67 C$ (8.05 €) |
+58.4 % |
| Cappuccino (regular) |
5.18 C$ (3.29 €) |
6.21 C$ (3.94 €) |
+19.7 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (1.84 €) |
8.02 C$ (5.09 €) |
+177.1 % |
| Water (12 oz small bottle) |
2.34 C$ (1.48 €) |
9.98 C$ (6.34 €) |
+327.0 % |
Markets | Canada Edit |
Monaco Edit | |
| Milk (regular), (1 gallon) |
11.69 C$ (7.43 €) |
12.66 C$ (8.04 €) |
+8.3 % |
| Loaf of Fresh White Bread (1 lb) |
3.37 C$ (2.14 €) |
6.60 C$ (4.20 €) |
+96.1 % |
| Rice (white), (1 lb) |
2.30 C$ (1.46 €) |
2.65 C$ (1.68 €) |
+15.4 % |
| Eggs (regular) (12) |
4.83 C$ (3.07 €) |
7.07 C$ (4.49 €) |
+46.2 % |
| Local Cheese (1 lb) |
7.07 C$ (4.49 €) |
13.09 C$ (8.32 €) |
+85.3 % |
| Chicken Fillets (1 lb) |
7.61 C$ (4.83 €) |
12.48 C$ (7.93 €) |
+64.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.30 C$ (5.91 €) |
15.47 C$ (9.83 €) |
+66.3 % |
| Apples (1 lb) |
2.61 C$ (1.66 €) |
2.89 C$ (1.84 €) |
+10.8 % |
| Banana (1 lb) |
0.90 C$ (0.57 €) |
3.81 C$ (2.42 €) |
+322.8 % |
| Oranges (1 lb) |
2.40 C$ (1.52 €) |
2.33 C$ (1.48 €) |
-3.1 % |
| Tomato (1 lb) |
2.59 C$ (1.64 €) |
3.26 C$ (2.07 €) |
+26.3 % |
| Potato (1 lb) |
1.68 C$ (1.07 €) |
2.56 C$ (1.63 €) |
+52.6 % |
| Onion (1 lb) |
1.67 C$ (1.06 €) |
2.68 C$ (1.70 €) |
+60.2 % |
| Lettuce (1 head) |
3.51 C$ (2.23 €) |
5.04 C$ (3.20 €) |
+43.4 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.59 €) |
8.66 C$ (5.50 €) |
+245.8 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (11.44 €) |
18.89 C$ (12.00 €) |
+4.9 % |
| Domestic Beer (0.5 liter bottle) |
4.09 C$ (2.60 €) |
2.69 C$ (1.71 €) |
-34.2 % |
| Imported Beer (12 oz small bottle) |
4.57 C$ (2.90 €) |
6.80 C$ (4.32 €) |
+48.9 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (12.71 €) |
17.71 C$ (11.25 €) |
-11.5 % |
Transportation | Canada Edit |
Monaco Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.22 €) |
3.15 C$ (2.00 €) |
-10.1 % |
| Monthly Pass (Regular Price) |
105.00 C$ (66.70 €) |
34.63 C$ (22.00 €) |
-67.0 % |
| Taxi Start (Normal Tariff) |
4.55 C$ (2.89 €) |
9.13 C$ (5.80 €) |
+100.7 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.23 €) |
4.31 C$ (2.74 €) |
+22.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (24.73 €) |
141.67 C$ (90.00 €) |
+263.9 % |
| Gasoline (1 gallon) |
6.08 C$ (3.86 €) |
12.51 C$ (7.95 €) |
+105.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (21,585.72 €) |
76,276.78 C$ (48,457.50 €) |
+124.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,039.80 C$ (17,813.27 €) |
71,131.32 C$ (45,188.67 €) |
+153.7 % |
Utilities (Monthly) | Canada Edit |
Monaco Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
205.09 C$ (130.29 €) |
476.78 C$ (302.89 €) |
+132.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.70 C$ (39.83 €) |
81.85 C$ (52.00 €) |
+30.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.78 C$ (53.86 €) |
95.63 C$ (60.75 €) |
+12.8 % |
Sports And Leisure | Canada Edit |
Monaco Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.81 C$ (37.36 €) |
527.32 C$ (335.00 €) |
+796.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.37 C$ (15.48 €) |
61.00 C$ (38.75 €) |
+150.3 % |
| Cinema, International Release, 1 Seat |
15.75 C$ (10.01 €) |
18.89 C$ (12.00 €) |
+19.9 % |
Childcare | Canada Edit |
Monaco Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,114.85 C$ (708.25 €) |
3,725.36 C$ (2,366.67 €) |
+234.2 % |
| International Primary School, Yearly for 1 Child |
16,551.23 C$ (10,514.75 €) |
48,600.23 C$ (30,875.00 €) |
+193.6 % |
Clothing And Shoes | Canada Edit |
Monaco Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.63 C$ (48.68 €) |
256.18 C$ (162.75 €) |
+234.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.80 C$ (36.08 €) |
114.91 C$ (73.00 €) |
+102.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.45 C$ (77.15 €) |
272.71 C$ (173.25 €) |
+124.6 % |
| 1 Pair of Men Leather Business Shoes |
148.00 C$ (94.02 €) |
919.27 C$ (584.00 €) |
+521.1 % |
Rent Per Month | Canada Edit |
Monaco Edit | |
| Apartment (1 bedroom) in City Centre |
1,842.62 C$ (1,170.59 €) |
9,692.83 C$ (6,157.71 €) |
+426.0 % |
| Apartment (1 bedroom) Outside of Centre |
1,642.31 C$ (1,043.34 €) |
10,988.77 C$ (6,981.00 €) |
+569.1 % |
| Apartment (3 bedrooms) in City Centre |
2,947.12 C$ (1,872.26 €) |
44,337.05 C$ (28,166.67 €) |
+1,404.4 % |
| Apartment (3 bedrooms) Outside of Centre |
2,552.73 C$ (1,621.71 €) |
10,074.22 C$ (6,400.00 €) |
+294.6 % |
Buy Apartment Price | Canada Edit |
Monaco Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
859.14 C$ (545.80 €) |
8,972.85 C$ (5,700.32 €) |
+944.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
599.91 C$ (381.11 €) |
7,984.55 C$ (5,072.46 €) |
+1,231.0 % |
Salaries And Financing | Canada Edit |
Monaco Edit | |
| Average Monthly Net Salary (After Tax) |
3,933.35 C$ (2,498.80 €) |
11,793.05 C$ (7,491.95 €) |
+199.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 2.83 | -55.5 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 3787 | 12 |
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