Cost of Living Comparison Between Monaco and Canada 
| Indices Difference |  |
|---|---|
| Cost of Living in Canada is 58.6% lower than in Monaco (excluding rent) | |
| Cost of Living Including Rent in Canada is 75.8% lower than in Monaco | |
| Rent Prices in Canada are 88.0% lower than in Monaco | |
| Restaurant Prices in Canada are 43.0% lower than in Monaco | |
| Groceries Prices in Canada are 33.5% lower than in Monaco | |
| Local Purchasing Power in Canada is 37.9% higher than in Monaco | |
Restaurants | Monaco Edit |
Canada Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 € (39.35 C$) |
15.88 € (25.00 C$) |
-36.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
142.97 € (225.05 C$) |
63.53 € (100.00 C$) |
-55.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.75 € (16.92 C$) |
9.53 € (15.00 C$) |
-11.4 % |
| Domestic Beer (1 pint draught) |
8.00 € (12.59 C$) |
5.08 € (8.00 C$) |
-36.5 % |
| Imported Beer (12 oz small bottle) |
8.05 € (12.67 C$) |
5.08 € (8.00 C$) |
-36.9 % |
| Cappuccino (regular) |
3.94 € (6.21 C$) |
3.29 € (5.18 C$) |
-16.5 % |
| Coke/Pepsi (12 oz small bottle) |
5.09 € (8.02 C$) |
1.84 € (2.89 C$) |
-63.9 % |
| Water (12 oz small bottle) |
6.34 € (9.98 C$) |
1.48 € (2.34 C$) |
-76.6 % |
Markets | Monaco Edit |
Canada Edit | |
| Milk (regular), (1 gallon) |
8.04 € (12.66 C$) |
7.43 € (11.69 C$) |
-7.7 % |
| Loaf of Fresh White Bread (1 lb) |
4.20 € (6.60 C$) |
2.14 € (3.37 C$) |
-49.0 % |
| Rice (white), (1 lb) |
1.68 € (2.65 C$) |
1.46 € (2.30 C$) |
-13.3 % |
| Eggs (regular) (12) |
4.49 € (7.07 C$) |
3.07 € (4.83 C$) |
-31.6 % |
| Local Cheese (1 lb) |
8.32 € (13.09 C$) |
4.49 € (7.07 C$) |
-46.0 % |
| Chicken Fillets (1 lb) |
7.93 € (12.48 C$) |
4.83 € (7.61 C$) |
-39.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.83 € (15.47 C$) |
5.91 € (9.30 C$) |
-39.9 % |
| Apples (1 lb) |
1.84 € (2.89 C$) |
1.66 € (2.61 C$) |
-9.8 % |
| Banana (1 lb) |
2.42 € (3.81 C$) |
0.57 € (0.90 C$) |
-76.3 % |
| Oranges (1 lb) |
1.48 € (2.33 C$) |
1.52 € (2.40 C$) |
+3.2 % |
| Tomato (1 lb) |
2.07 € (3.26 C$) |
1.64 € (2.59 C$) |
-20.8 % |
| Potato (1 lb) |
1.63 € (2.56 C$) |
1.07 € (1.68 C$) |
-34.5 % |
| Onion (1 lb) |
1.70 € (2.68 C$) |
1.06 € (1.67 C$) |
-37.6 % |
| Lettuce (1 head) |
3.20 € (5.04 C$) |
2.23 € (3.51 C$) |
-30.2 % |
| Water (1.5 liter bottle) |
5.50 € (8.66 C$) |
1.59 € (2.50 C$) |
-71.1 % |
| Bottle of Wine (Mid-Range) |
12.00 € (18.89 C$) |
11.44 € (18.00 C$) |
-4.7 % |
| Domestic Beer (0.5 liter bottle) |
1.71 € (2.69 C$) |
2.60 € (4.09 C$) |
+52.0 % |
| Imported Beer (12 oz small bottle) |
4.32 € (6.80 C$) |
2.90 € (4.57 C$) |
-32.8 % |
| Cigarettes 20 Pack (Marlboro) |
11.25 € (17.71 C$) |
12.71 € (20.00 C$) |
+12.9 % |
Transportation | Monaco Edit |
Canada Edit | |
| One-way Ticket (Local Transport) |
2.00 € (3.15 C$) |
2.22 € (3.50 C$) |
+11.2 % |
| Monthly Pass (Regular Price) |
22.00 € (34.63 C$) |
66.70 € (105.00 C$) |
+203.2 % |
| Taxi Start (Normal Tariff) |
5.80 € (9.13 C$) |
2.89 € (4.55 C$) |
-50.2 % |
| Taxi 1 mile (Normal Tariff) |
2.74 € (4.31 C$) |
2.23 € (3.51 C$) |
-18.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
90.00 € (141.67 C$) |
24.73 € (38.93 C$) |
-72.5 % |
| Gasoline (1 gallon) |
7.95 € (12.51 C$) |
3.86 € (6.08 C$) |
-51.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
48,457.50 € (76,276.78 C$) |
21,585.72 € (33,978.00 C$) |
-55.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
45,188.67 € (71,131.32 C$) |
17,813.27 € (28,039.80 C$) |
-60.6 % |
Utilities (Monthly) | Monaco Edit |
Canada Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
302.89 € (476.78 C$) |
130.29 € (205.09 C$) |
-57.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
52.00 € (81.85 C$) |
39.83 € (62.70 C$) |
-23.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
60.75 € (95.63 C$) |
53.86 € (84.78 C$) |
-11.3 % |
Sports And Leisure | Monaco Edit |
Canada Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
335.00 € (527.32 C$) |
37.36 € (58.81 C$) |
-88.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
38.75 € (61.00 C$) |
15.48 € (24.37 C$) |
-60.0 % |
| Cinema, International Release, 1 Seat |
12.00 € (18.89 C$) |
10.01 € (15.75 C$) |
-16.6 % |
Childcare | Monaco Edit |
Canada Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,366.67 € (3,725.36 C$) |
708.25 € (1,114.85 C$) |
-70.1 % |
| International Primary School, Yearly for 1 Child |
30,875.00 € (48,600.23 C$) |
10,514.75 € (16,551.23 C$) |
-65.9 % |
Clothing And Shoes | Monaco Edit |
Canada Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
162.75 € (256.18 C$) |
48.68 € (76.63 C$) |
-70.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
73.00 € (114.91 C$) |
36.08 € (56.80 C$) |
-50.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
173.25 € (272.71 C$) |
77.15 € (121.45 C$) |
-55.5 % |
| 1 Pair of Men Leather Business Shoes |
584.00 € (919.27 C$) |
94.02 € (148.00 C$) |
-83.9 % |
Rent Per Month | Monaco Edit |
Canada Edit | |
| Apartment (1 bedroom) in City Centre |
6,157.71 € (9,692.83 C$) |
1,170.59 € (1,842.62 C$) |
-81.0 % |
| Apartment (1 bedroom) Outside of Centre |
6,981.00 € (10,988.77 C$) |
1,043.34 € (1,642.31 C$) |
-85.1 % |
| Apartment (3 bedrooms) in City Centre |
28,166.67 € (44,337.05 C$) |
1,872.26 € (2,947.12 C$) |
-93.4 % |
| Apartment (3 bedrooms) Outside of Centre |
6,400.00 € (10,074.22 C$) |
1,621.71 € (2,552.73 C$) |
-74.7 % |
Buy Apartment Price | Monaco Edit |
Canada Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
5,700.32 € (8,972.85 C$) |
545.80 € (859.14 C$) |
-90.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
5,072.46 € (7,984.55 C$) |
381.11 € (599.91 C$) |
-92.5 % |
Salaries And Financing | Monaco Edit |
Canada Edit | |
| Average Monthly Net Salary (After Tax) |
7,491.95 € (11,793.05 C$) |
2,498.80 € (3,933.35 C$) |
-66.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.83 | 6.36 | +124.5 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 12 | 3787 |
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