Cost of Living Comparison Between Canada and Monaco 
| Indices Difference |  |
|---|---|
| Cost of Living in Monaco is 150.8% higher than in Canada (excluding rent) | |
| Cost of Living Including Rent in Monaco is 336.6% higher than in Canada | |
| Rent Prices in Monaco are 793.1% higher than in Canada | |
| Restaurant Prices in Monaco are 84.4% higher than in Canada | |
| Groceries Prices in Monaco are 51.0% higher than in Canada | |
| Local Purchasing Power in Monaco is 31.0% lower than in Canada | |
Restaurants | Canada Edit |
Monaco Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 C$ (15.81 €) |
41.90 C$ (26.50 €) |
+67.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 C$ (63.24 €) |
237.17 C$ (150.00 €) |
+137.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (9.49 €) |
17.00 C$ (10.75 €) |
+13.3 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.06 €) |
13.44 C$ (8.50 €) |
+68.0 % |
| Imported Beer (12 oz small bottle) |
8.00 C$ (5.06 €) |
12.81 C$ (8.10 €) |
+60.1 % |
| Cappuccino (regular) |
5.19 C$ (3.28 €) |
6.93 C$ (4.38 €) |
+33.5 % |
| Coke/Pepsi (12 oz small bottle) |
2.89 C$ (1.83 €) |
8.45 C$ (5.34 €) |
+192.0 % |
| Water (12 oz small bottle) |
2.34 C$ (1.48 €) |
9.49 C$ (6.01 €) |
+305.7 % |
Markets | Canada Edit |
Monaco Edit | |
| Milk (regular), (1 gallon) |
11.69 C$ (7.39 €) |
12.72 C$ (8.04 €) |
+8.8 % |
| Loaf of Fresh White Bread (1 lb) |
3.36 C$ (2.13 €) |
6.63 C$ (4.20 €) |
+97.2 % |
| Rice (white), (1 lb) |
2.30 C$ (1.45 €) |
2.66 C$ (1.68 €) |
+15.8 % |
| Eggs (regular) (12) |
4.83 C$ (3.06 €) |
7.10 C$ (4.49 €) |
+46.9 % |
| Local Cheese (1 lb) |
7.06 C$ (4.46 €) |
13.15 C$ (8.32 €) |
+86.3 % |
| Chicken Fillets (1 lb) |
7.61 C$ (4.81 €) |
12.53 C$ (7.93 €) |
+64.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.29 C$ (5.88 €) |
15.54 C$ (9.83 €) |
+67.2 % |
| Apples (1 lb) |
2.61 C$ (1.65 €) |
2.90 C$ (1.84 €) |
+11.3 % |
| Banana (1 lb) |
0.90 C$ (0.57 €) |
3.83 C$ (2.42 €) |
+325.2 % |
| Oranges (1 lb) |
2.40 C$ (1.52 €) |
2.34 C$ (1.48 €) |
-2.6 % |
| Tomato (1 lb) |
2.58 C$ (1.63 €) |
3.28 C$ (2.07 €) |
+27.0 % |
| Potato (1 lb) |
1.68 C$ (1.06 €) |
2.57 C$ (1.63 €) |
+53.4 % |
| Onion (1 lb) |
1.67 C$ (1.06 €) |
2.69 C$ (1.70 €) |
+60.8 % |
| Lettuce (1 head) |
3.52 C$ (2.23 €) |
5.06 C$ (3.20 €) |
+43.7 % |
| Water (1.5 liter bottle) |
2.50 C$ (1.58 €) |
8.70 C$ (5.50 €) |
+248.2 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (11.38 €) |
18.97 C$ (12.00 €) |
+5.4 % |
| Domestic Beer (0.5 liter bottle) |
4.09 C$ (2.59 €) |
2.70 C$ (1.71 €) |
-34.0 % |
| Imported Beer (12 oz small bottle) |
4.56 C$ (2.88 €) |
6.83 C$ (4.32 €) |
+49.8 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (12.65 €) |
17.79 C$ (11.25 €) |
-11.1 % |
Transportation | Canada Edit |
Monaco Edit | |
| One-way Ticket (Local Transport) |
3.50 C$ (2.21 €) |
3.16 C$ (2.00 €) |
-9.6 % |
| Monthly Pass (Regular Price) |
105.00 C$ (66.41 €) |
34.79 C$ (22.00 €) |
-66.9 % |
| Taxi Start (Normal Tariff) |
4.62 C$ (2.93 €) |
9.17 C$ (5.80 €) |
+98.3 % |
| Taxi 1 mile (Normal Tariff) |
3.51 C$ (2.22 €) |
4.33 C$ (2.74 €) |
+23.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
38.93 C$ (24.62 €) |
142.30 C$ (90.00 €) |
+265.5 % |
| Gasoline (1 gallon) |
6.08 C$ (3.84 €) |
12.57 C$ (7.95 €) |
+106.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33,978.00 C$ (21,489.22 €) |
76,619.31 C$ (48,457.50 €) |
+125.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,034.58 C$ (17,730.33 €) |
71,450.75 C$ (45,188.67 €) |
+154.9 % |
Utilities (Monthly) | Canada Edit |
Monaco Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
205.26 C$ (129.82 €) |
500.86 C$ (316.76 €) |
+144.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
62.83 C$ (39.74 €) |
83.41 C$ (52.75 €) |
+32.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
84.98 C$ (53.75 €) |
91.08 C$ (57.60 €) |
+7.2 % |
Sports And Leisure | Canada Edit |
Monaco Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
58.82 C$ (37.20 €) |
529.69 C$ (335.00 €) |
+800.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.18 C$ (15.30 €) |
61.27 C$ (38.75 €) |
+153.3 % |
| Cinema, International Release, 1 Seat |
15.78 C$ (9.98 €) |
18.97 C$ (12.00 €) |
+20.2 % |
Childcare | Canada Edit |
Monaco Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,114.91 C$ (705.12 €) |
5,744.90 C$ (3,633.33 €) |
+415.3 % |
| International Primary School, Yearly for 1 Child |
16,551.23 C$ (10,467.74 €) |
58,028.76 C$ (36,700.00 €) |
+250.6 % |
Clothing And Shoes | Canada Edit |
Monaco Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.78 C$ (48.56 €) |
257.33 C$ (162.75 €) |
+235.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
56.86 C$ (35.96 €) |
115.43 C$ (73.00 €) |
+103.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
121.37 C$ (76.76 €) |
273.94 C$ (173.25 €) |
+125.7 % |
| 1 Pair of Men Leather Business Shoes |
147.86 C$ (93.52 €) |
923.40 C$ (584.00 €) |
+524.5 % |
Rent Per Month | Canada Edit |
Monaco Edit | |
| Apartment (1 bedroom) in City Centre |
1,843.41 C$ (1,165.86 €) |
8,352.84 C$ (5,282.71 €) |
+353.1 % |
| Apartment (1 bedroom) Outside of Centre |
1,644.46 C$ (1,040.03 €) |
9,654.59 C$ (6,106.00 €) |
+487.1 % |
| Apartment (3 bedrooms) in City Centre |
2,947.07 C$ (1,863.86 €) |
43,284.40 C$ (27,375.00 €) |
+1,368.7 % |
| Apartment (3 bedrooms) Outside of Centre |
2,552.83 C$ (1,614.52 €) |
18,973.98 C$ (12,000.00 €) |
+643.3 % |
Buy Apartment Price | Canada Edit |
Monaco Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
855.31 C$ (540.94 €) |
9,714.36 C$ (6,143.80 €) |
+1,035.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
597.92 C$ (378.15 €) |
8,764.67 C$ (5,543.17 €) |
+1,365.9 % |
Salaries And Financing | Canada Edit |
Monaco Edit | |
| Average Monthly Net Salary (After Tax) |
3,931.23 C$ (2,486.29 €) |
11,846.01 C$ (7,491.95 €) |
+201.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.36 | 2.83 | -55.5 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 3749 | 13 |
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