Cost of living comparison

Monaco

compared to

United States

New York City vs. Monte Carlo Cost of Living Summary

New York City is 15.9% cheaper than Monte Carlo.

Restaurants: pay 27.8% less in New York City
Groceries: pay 16.6% less in New York City
Transportation: pay 7.6% less in New York City
Housing: pay 15.5% less in New York City
Childcare: pay 84.9% more in New York City
Entertainment and Sports: pay 19.4% less in New York City
Clothing: pay 48.9% less in New York City

Expenses including clothing, restaurants, entertainment and sports, groceries, housing, and transportation are lower in New York City. Notably, childcare is significantly more expensive in New York City.

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New York City vs. Monte Carlo Cost Breakdown

If you lived in New York City instead of Monte Carlo, you would:

Display currency: USD

pay 27.8% less for restaurants

	Monte Carlo	New York City
Basic meal with drink at inexpensive restaurant	$41.99 €37.48	$26.50	-36.9%
Fast food combo meal McDonalds, or similar	$11.20 €9.99	$14.50	+29.5%
Bottle of Coca-Cola (11 fl. oz)	$8.96 €8.00	$3.95	-55.9%
Bottle of water (11 fl. oz)	$10.56 €9.43	$2.97	-71.9%
Average			-27.8%

Monte Carlo vs. New York City - Cost of restaurants

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pay 16.6% less for groceries

	Monte Carlo	New York City
Bread 1 loaf	$5.04 €4.50	$4.78	-5.2%
Local cheese (8 oz)	$10.64 €9.49	$9.47	-11.0%
Milk (1 gallon)	$8.48 €7.57	$5.13	-39.5%
Eggs 1 dozen	$4.70 €4.20	$6.03	+28.2%
Boneless chicken breast (1 lb)	$7.62 €6.80	$7.93	+4.1%
Apples (1 lb)	$2.79 €2.49	$3.11	+11.5%
Bananas (1 lb)	$3.30 €2.95	$0.96	-70.8%
Oranges (1 lb)	$2.17 €1.94	$2.83	+30.6%
Tomatoes (1 lb)	$3.81 €3.40	$3.08	-19.2%
Potatoes (1 lb)	$2.54 €2.27	$1.83	-28.1%
Onions (1 lb)	$2.54 €2.27	$2.04	-19.6%
Average			-16.6%

Monte Carlo vs. New York City - Cost of groceries

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pay 7.6% less for transportation

	Monte Carlo	New York City
Gasoline (1 gallon)	$9.20 €8.21	$4.31	-53.2%
Monthly public transit pass	$37.51 €33.48	$140.00	+273.2%
New Volkswagen Golf 1.4 (standard edition)	$54,374.36 €48,531.18	$35,458.00	-34.8%
Taxi trip in downtown area (5 miles)	$23.51 €20.99	$20.44	-13.1%
Average			-7.6%

Monte Carlo vs. New York City - Cost of transportation

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pay 15.5% less for housing

	Monte Carlo	New York City
Internet connection 50 mbps or faster, cable/dsl	$96.30 €85.95	$71.57	-25.7%
1-Bedroom apartment in downtown area	$2,799.34 €2,498.52	$4,447.32	+58.9%
1-Bedroom apartment outside city center	$5,337.22 €4,763.67	$3,217.65	-39.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$410.15 €366.08	$164.80	-59.8%
Average			-15.5%

Monte Carlo vs. New York City - Cost of housing

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pay 84.9% more for childcare

	Monte Carlo	New York City
Private preschool for 1 child, monthly	$3,583.15 €3,198.10	$3,379.10	-5.7%
Middle school for 1 child, two semesters	$16,796.03 €14,991.10	$60,882.67	+262.5%
Average			+84.9%

Monte Carlo vs. New York City - Cost of childcare

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pay 19.4% less for entertainment and sports

	Monte Carlo	New York City
Domestic/local beer (1 pint)	$10.08 €8.99	$8.50	-15.7%
Cappuccino in mid-range area	$4.20 €3.75	$6.50	+54.8%
Pack of cigarettes Marlboro or similar	$12.32 €10.99	$19.00	+54.3%
Monthly membership at local gym	$531.87 €474.72	$121.41	-77.2%
Movie ticket to theater/cinema	$17.92 €15.99	$22.50	+25.6%
Average			-19.4%

Monte Carlo vs. New York City - Cost of entertainment and sports

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pay 48.9% less for clothing

	Monte Carlo	New York City
Regular jeans Levi's brand	$223.95 €199.88	$75.86	-66.1%
Regular dress from H&M or similar store	$78.38 €69.96	$54.45	-30.5%
Running shoes Nike or Adidas	$195.95 €174.90	$120.38	-38.6%
Men's business shoes (leather)	$279.93 €249.85	$132.00	-52.8%
Average			-48.9%

Monte Carlo vs. New York City - 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 October 2026). How we calculate this

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