Cost of living comparison
compared to
New York City vs. Monaco Cost of Living Summary
New York City is 18.2% cheaper than Monaco.
- Restaurants
-
pay 11.5% more in New York City
- Groceries
-
pay 39.4% more in New York City
- Transportation
-
pay 13.0% more in New York City
- Housing
-
pay 53.3% less in New York City
- Childcare
-
pay 45.3% more in New York City
- Entertainment and Sports
-
pay 8.6% more in New York City
- Clothing
-
pay 54.5% less in New York City
New York City vs. Monaco Cost Breakdown
If you lived in New York City instead of Monaco, you would:
pay 11.5% more for restaurants
|
Monaco
|
New York City
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.60
€17.44
|
$26.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.32
€10.96
|
$14.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$6.08
€5.41
|
$3.95
|
|
| Bottle of water (11 fl. oz) |
$4.48
€3.99
|
$2.97
|
|
Monaco vs. New York City - Cost of restaurants
pay 39.4% more for groceries
|
Monaco
|
New York City
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.31
€2.94
|
$4.78
|
|
| Local cheese (8 oz) |
$6.83
€6.08
|
$9.47
|
|
| Milk (1 gallon) |
$6.71
€5.97
|
$5.13
|
|
|
Eggs
1 dozen
|
$4.87
€4.33
|
$6.03
|
|
| Boneless chicken breast (1 lb) |
$7.62
€6.78
|
$7.93
|
|
| Apples (1 lb) |
$1.46
€1.30
|
$3.11
|
|
| Bananas (1 lb) |
$1.27
€1.13
|
$0.96
|
|
| Oranges (1 lb) |
$1.23
€1.09
|
$2.83
|
|
| Tomatoes (1 lb) |
$1.57
€1.40
|
$3.08
|
|
| Potatoes (1 lb) |
$1.10
€0.98
|
$1.83
|
|
| Onions (1 lb) |
$1.27
€1.13
|
$2.04
|
|
Monaco vs. New York City - Cost of groceries
pay 13.0% more for transportation
|
Monaco
|
New York City
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.62
€7.67
|
$4.31
|
|
| Monthly public transit pass |
$23.51
€20.93
|
$140.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$48,347.38
€43,030.91
|
$35,458.00
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$20.44
|
|
Monaco vs. New York City - Cost of transportation
pay 53.3% less for housing
|
Monaco
|
New York City
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.82
€56.81
|
$71.57
|
|
| 1-Bedroom apartment in downtown area |
$9,144.51
€8,138.94
|
$4,447.32
|
|
| 1-Bedroom apartment outside city center |
$8,248.72
€7,341.66
|
$3,217.65
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$323.95
€288.33
|
$164.80
|
|
Monaco vs. New York City - Cost of housing
pay 45.3% more for childcare
|
Monaco
|
New York City
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,183.48
€1,943.38
|
$3,379.10
|
|
| Middle school for 1 child, two semesters |
$44,649.46
€39,739.62
|
$60,882.67
|
|
Monaco vs. New York City - Cost of childcare
pay 8.6% more for entertainment and sports
|
Monaco
|
New York City
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.08
€8.97
|
$8.50
|
|
| Cappuccino in mid-range area |
$3.70
€3.29
|
$6.50
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.00
€12.46
|
$19.00
|
|
| Monthly membership at local gym |
$226.75
€201.81
|
$121.41
|
|
| Movie ticket to theater/cinema |
$13.44
€11.96
|
$22.50
|
|
Monaco vs. New York City - Cost of entertainment and sports
pay 54.5% less for clothing
|
Monaco
|
New York City
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$150.42
€133.88
|
$75.86
|
|
|
Regular dress
from H&M or similar store
|
$83.42
€74.25
|
$54.45
|
|
|
Running shoes
Nike or Adidas
|
$167.21
€148.83
|
$120.38
|
|
| Men's business shoes (leather) |
$727.27
€647.29
|
$132.00
|
|
Monaco vs. New York City - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
Change currency:
Compare further: Monaco vs. New York City
Compare countries by overall cost of living
See the
cost of living in Monaco vs. United States.
This provides a comparison of the average cost of living from cities within Monaco and United States.
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
Ask the Elsewhere Community
Join the Elsewhere community and ask a question about New York City or Monaco. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.