Cost of living comparison

United States

compared to

Monaco

Monaco vs. New York City Cost of Living Summary

Monaco is 22.2% more expensive than New York City.

Restaurants: pay 10.3% less in Monaco
Groceries: pay 28.3% less in Monaco
Transportation: pay 11.5% less in Monaco
Housing: pay 2.1 times more in Monaco
Childcare: pay 31.2% less in Monaco
Entertainment and Sports: pay 7.9% less in Monaco
Clothing: pay 2.2 times more in Monaco

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

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Monaco vs. New York City Cost Breakdown

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

Display currency: USD

pay 10.3% less for restaurants

	New York City	Monaco
Basic meal with drink at inexpensive restaurant	$26.50	$19.60 €17.44	-26.1%
Fast food combo meal McDonalds, or similar	$14.50	$12.32 €10.96	-15.1%
Bottle of Coca-Cola (11 fl. oz)	$3.95	$6.08 €5.41	+54.0%
Bottle of water (11 fl. oz)	$2.97	$4.48 €3.99	+51.0%
Average			-10.3%

New York City vs. Monaco - Cost of restaurants

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pay 28.3% less for groceries

	New York City	Monaco
Bread 1 loaf	$4.78	$3.31 €2.94	-30.8%
Local cheese (8 oz)	$9.47	$6.83 €6.08	-27.9%
Milk (1 gallon)	$5.13	$6.71 €5.97	+30.9%
Eggs 1 dozen	$6.03	$4.87 €4.33	-19.3%
Boneless chicken breast (1 lb)	$7.93	$7.62 €6.78	-3.9%
Apples (1 lb)	$3.11	$1.46 €1.30	-53.3%
Bananas (1 lb)	$0.96	$1.27 €1.13	+31.5%
Oranges (1 lb)	$2.83	$1.23 €1.09	-56.7%
Tomatoes (1 lb)	$3.08	$1.57 €1.40	-48.9%
Potatoes (1 lb)	$1.83	$1.10 €0.98	-39.6%
Onions (1 lb)	$2.04	$1.27 €1.13	-37.9%
Average			-28.3%

New York City vs. Monaco - Cost of groceries

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pay 11.5% less for transportation

	New York City	Monaco
Gasoline (1 gallon)	$4.31	$8.62 €7.67	+100.2%
Monthly public transit pass	$140.00	$23.51 €20.93	-83.2%
New Volkswagen Golf 1.4 (standard edition)	$35,458.00	$48,347.38 €43,030.91	+36.4%
Taxi trip in downtown area (5 miles)	$20.44	??
Average			-11.5%

New York City vs. Monaco - Cost of transportation

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pay 2.1 times more for housing

	New York City	Monaco
Internet connection 50 mbps or faster, cable/dsl	$71.57	$63.82 €56.81	-10.8%
1-Bedroom apartment in downtown area	$4,447.32	$9,144.51 €8,138.94	+105.6%
1-Bedroom apartment outside city center	$3,217.65	$8,248.72 €7,341.66	+156.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$164.80	$323.95 €288.33	+96.6%
Average			+113.9%

New York City vs. Monaco - Cost of housing

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pay 31.2% less for childcare

	New York City	Monaco
Private preschool for 1 child, monthly	$3,379.10	$2,183.48 €1,943.38	-35.4%
Middle school for 1 child, two semesters	$60,882.67	$44,649.46 €39,739.62	-26.7%
Average			-31.2%

New York City vs. Monaco - Cost of childcare

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pay 7.9% less for entertainment and sports

	New York City	Monaco
Domestic/local beer (1 pint)	$8.50	$10.08 €8.97	+18.6%
Cappuccino in mid-range area	$6.50	$3.70 €3.29	-43.2%
Pack of cigarettes Marlboro or similar	$19.00	$14.00 €12.46	-26.3%
Monthly membership at local gym	$121.41	$226.75 €201.81	+86.8%
Movie ticket to theater/cinema	$22.50	$13.44 €11.96	-40.3%
Average			-7.9%

New York City vs. Monaco - Cost of entertainment and sports

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pay 2.2 times more for clothing

	New York City	Monaco
Regular jeans Levi's brand	$75.86	$150.42 €133.88	+98.3%
Regular dress from H&M or similar store	$54.45	$83.42 €74.25	+53.2%
Running shoes Nike or Adidas	$120.38	$167.21 €148.83	+38.9%
Men's business shoes (leather)	$132.00	$727.27 €647.29	+451.0%
Average			+119.6%

New York City 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 October 2026). How we calculate this

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