Cost of living comparison

Bermuda

compared to

Monaco

Monaco vs. Bermuda Cost of Living Summary

Monaco is 17.7% more expensive than Bermuda overall.

Restaurants: pay 15.3% less in Monaco
Groceries: pay 35.1% less in Monaco
Transportation: pay 13.1% less in Monaco
Housing: pay 80.5% more in Monaco
Childcare: pay 63.6% more in Monaco
Entertainment and Sports: pay 16.2% more in Monaco
Clothing: pay 86.0% more in Monaco

The cost of clothing, housing, childcare, and entertainment and sports in Monaco are more expensive than in Bermuda. Expenses including groceries, restaurants, and transportation are lower in Monaco. Notably, clothing and housing are significantly more expensive in Monaco.

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Monaco vs. Bermuda Cost Breakdown

If you lived in Monaco instead of Bermuda, you would:

Display currency: USD

pay 15.3% less for restaurants

	Bermuda	Monaco
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$30.79 €27.49	-38.4%
Fast food combo meal McDonalds, or similar	$16.88 BMD16.88	$11.76 €10.50	-30.3%
Bottle of Coca-Cola (11 fl. oz)	$3.04 BMD3.04	$7.52 €6.72	+147.6%
Bottle of water (11 fl. oz)	$3.12 BMD3.12	$7.52 €6.72	+140.9%
Average			-15.3%

Bermuda vs. Monaco - Cost of restaurants

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pay 35.1% less for groceries

	Bermuda	Monaco
Bread 1 loaf	$8.02 BMD8.02	$4.17 €3.73	-47.9%
Local cheese (8 oz)	$11.75 BMD11.75	$8.73 €7.80	-25.7%
Milk (1 gallon)	$18.61 BMD18.61	$7.59 €6.78	-59.2%
Eggs 1 dozen	$7.18 BMD7.18	$4.79 €4.27	-33.3%
Boneless chicken breast (1 lb)	$9.66 BMD9.66	$7.62 €6.80	-21.1%
Apples (1 lb)	$4.11 BMD4.11	$2.12 €1.90	-48.3%
Bananas (1 lb)	$3.00 BMD3.00	$2.28 €2.04	-24.0%
Oranges (1 lb)	$3.24 BMD3.24	$1.70 €1.52	-47.6%
Tomatoes (1 lb)	$3.80 BMD3.80	$2.69 €2.40	-29.2%
Potatoes (1 lb)	$2.58 BMD2.58	$1.82 €1.63	-29.5%
Onions (1 lb)	$1.88 BMD1.88	$1.90 €1.70	+1.2%
Average			-35.1%

Bermuda vs. Monaco - Cost of groceries

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pay 13.1% less for transportation

	Bermuda	Monaco
Gasoline (1 gallon)	$9.03 BMD9.03	$8.91 €7.95	-1.4%
Monthly public transit pass	$69.00 BMD69.00	$30.51 €27.24	-55.8%
New Volkswagen Golf 1.4 (standard edition)	$37,500.00 BMD37,500.00	$51,360.87 €45,859.97	+37.0%
Taxi trip in downtown area (5 miles)	$30.39 BMD30.39	$23.51 €21.00	-22.6%
Average			-13.1%

Bermuda vs. Monaco - Cost of transportation

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pay 80.5% more for housing

	Bermuda	Monaco
Internet connection 50 mbps or faster, cable/dsl	$159.67 BMD159.67	$80.06 €71.49	-49.9%
1-Bedroom apartment in downtown area	$3,868.00 BMD3,868.00	$5,971.92 €5,332.31	+54.4%
1-Bedroom apartment outside city center	$2,661.67 BMD2,661.67	$6,792.97 €6,065.42	+155.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$220.49 BMD220.49	$367.05 €327.74	+66.5%
Average			+80.5%

Bermuda vs. Monaco - Cost of housing

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pay 63.6% more for childcare

	Bermuda	Monaco
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$2,883.32 €2,574.51	+118.4%
Middle school for 1 child, two semesters	$25,083.33 BMD25,083.33	$30,722.74 €27,432.25	+22.5%
Average			+63.6%

Bermuda vs. Monaco - Cost of childcare

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pay 16.2% more for entertainment and sports

	Bermuda	Monaco
Domestic/local beer (1 pint)	$7.50 BMD7.50	$10.08 €9.00	+34.4%
Cappuccino in mid-range area	$6.20 BMD6.20	$3.95 €3.52	-36.3%
Pack of cigarettes Marlboro or similar	$18.00 BMD18.00	$13.16 €11.75	-26.9%
Monthly membership at local gym	$188.00 BMD188.00	$379.31 €338.69	+101.8%
Movie ticket to theater/cinema	$13.50 BMD13.50	$15.68 €14.00	+16.1%
Average			+16.2%

Bermuda vs. Monaco - Cost of entertainment and sports

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pay 86.0% more for clothing

	Bermuda	Monaco
Regular jeans Levi's brand	$90.00 BMD90.00	$187.18 €167.13	+108.0%
Regular dress from H&M or similar store	$70.00 BMD70.00	$80.90 €72.24	+15.6%
Running shoes Nike or Adidas	$142.50 BMD142.50	$181.58 €162.14	+27.4%
Men's business shoes (leather)	$128.75 BMD128.75	$503.60 €449.66	+291.1%
Average			+86.0%

Bermuda vs. Monaco - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

Compare further: Bermuda vs. Monaco

Salary Calculator · Free tool

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Quality of Life Comparison · 4 statistics

Make 2.0 times more money in Monaco

Size Comparison · See true size

Bermuda is about 27 times bigger than Monaco.

Moving from Bermuda to Monaco · Cost, visas & climate

Compare cost of living, salary and climate.

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