Cost of living comparison

Bermuda

compared to

Monaco

Monaco vs. Hamilton Cost of Living Summary

Monaco is 13.8% more expensive than Hamilton.

Restaurants: pay 34.7% less in Monaco
Groceries: pay 52.0% less in Monaco
Transportation: pay 20.8% less in Monaco
Housing: pay 2.2 times more in Monaco
Childcare: pay 71.6% more in Monaco
Entertainment and Sports: pay 2.4% less in Monaco
Clothing: pay 90.6% more in Monaco

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

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Monaco vs. Hamilton Cost Breakdown

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

Display currency: USD

pay 34.7% less for restaurants

	Hamilton	Monaco
Basic meal with drink at inexpensive restaurant	$50.00 BMD50.00	$19.60 €17.50	-60.8%
Fast food combo meal McDonalds, or similar	$16.88 BMD16.88	$12.32 €11.00	-27.0%
Bottle of Coca-Cola (11 fl. oz)	$3.04 BMD3.04	$6.08 €5.43	+100.3%
Bottle of water (11 fl. oz)	$3.12 BMD3.12	$4.48 €4.00	+43.4%
Average			-34.7%

Hamilton vs. Monaco - Cost of restaurants

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pay 52.0% less for groceries

	Hamilton	Monaco
Bread 1 loaf	$8.02 BMD8.02	$3.31 €2.95	-58.7%
Local cheese (8 oz)	$11.75 BMD11.75	$6.83 €6.10	-41.9%
Milk (1 gallon)	$18.61 BMD18.61	$6.71 €5.99	-63.9%
Eggs 1 dozen	$7.18 BMD7.18	$4.87 €4.35	-32.2%
Boneless chicken breast (1 lb)	$9.66 BMD9.66	$7.62 €6.80	-21.1%
Apples (1 lb)	$4.11 BMD4.11	$1.46 €1.30	-64.6%
Bananas (1 lb)	$3.00 BMD3.00	$1.27 €1.13	-57.8%
Oranges (1 lb)	$3.24 BMD3.24	$1.23 €1.10	-62.1%
Tomatoes (1 lb)	$3.80 BMD3.80	$1.57 €1.40	-58.6%
Potatoes (1 lb)	$2.58 BMD2.58	$1.10 €0.98	-57.3%
Onions (1 lb)	$1.88 BMD1.88	$1.27 €1.13	-32.6%
Average			-52.0%

Hamilton vs. Monaco - Cost of groceries

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pay 20.8% less for transportation

	Hamilton	Monaco
Gasoline (1 gallon)	$9.03 BMD9.03	$8.62 €7.70	-4.6%
Monthly public transit pass	$69.00 BMD69.00	$23.51 €21.00	-65.9%
New Volkswagen Golf 1.4 (standard edition)	$37,500.00 BMD37,500.00	$48,347.38 €43,169.23	+28.9%
Taxi trip in downtown area (5 miles)	$30.39 BMD30.39	??
Average			-20.8%

Hamilton vs. Monaco - Cost of transportation

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pay 2.2 times more for housing

	Hamilton	Monaco
Internet connection 50 mbps or faster, cable/dsl	$159.67 BMD159.67	$63.82 €56.99	-60.0%
1-Bedroom apartment in downtown area	$3,868.00 BMD3,868.00	$9,144.51 €8,165.10	+136.4%
1-Bedroom apartment outside city center	$2,661.67 BMD2,661.67	$8,248.72 €7,365.26	+209.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$220.49 BMD220.49	$323.95 €289.26	+46.9%
Average			+124.4%

Hamilton vs. Monaco - Cost of housing

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pay 71.6% more for childcare

	Hamilton	Monaco
Private preschool for 1 child, monthly	$1,320.00 BMD1,320.00	$2,183.48 €1,949.63	+65.4%
Middle school for 1 child, two semesters	$25,083.33 BMD25,083.33	$44,649.46 €39,867.36	+78.0%
Average			+71.6%

Hamilton vs. Monaco - Cost of childcare

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pay 2.4% less for entertainment and sports

	Hamilton	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	$3.70 €3.30	-40.4%
Pack of cigarettes Marlboro or similar	$18.00 BMD18.00	$14.00 €12.50	-22.2%
Monthly membership at local gym	$188.00 BMD188.00	$226.75 €202.46	+20.6%
Movie ticket to theater/cinema	$13.50 BMD13.50	$13.44 €12.00	-0.5%
Average			-2.4%

Hamilton vs. Monaco - Cost of entertainment and sports

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pay 90.6% more for clothing

	Hamilton	Monaco
Regular jeans Levi's brand	$90.00 BMD90.00	$150.42 €134.31	+67.1%
Regular dress from H&M or similar store	$70.00 BMD70.00	$83.42 €74.49	+19.2%
Running shoes Nike or Adidas	$142.50 BMD142.50	$167.21 €149.30	+17.3%
Men's business shoes (leather)	$128.75 BMD128.75	$727.27 €649.38	+464.9%
Average			+90.6%

Hamilton 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

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