Cost of living comparison

United States

compared to

Monaco

Monte Carlo vs. New York City Cost of Living Summary

Monte Carlo is 18.9% more expensive than New York City.

Restaurants: pay 38.5% more in Monte Carlo
Groceries: pay 19.9% more in Monte Carlo
Transportation: pay 8.2% more in Monte Carlo
Housing: pay 18.4% more in Monte Carlo
Childcare: pay 45.9% less in Monte Carlo
Entertainment and Sports: pay 24.1% more in Monte Carlo
Clothing: pay 95.7% more in Monte Carlo

The cost of clothing, restaurants, entertainment and sports, groceries, housing, and transportation in Monte Carlo are more expensive than in New York City. Notably, clothing is significantly more expensive in Monte Carlo.

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Monte Carlo vs. New York City Cost Breakdown

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

Display currency: USD

pay 38.5% more for restaurants

	New York City	Monte Carlo
Basic meal with drink at inexpensive restaurant	$26.50	$41.99 €37.48	+58.5%
Fast food combo meal McDonalds, or similar	$14.50	$11.20 €9.99	-22.8%
Bottle of Coca-Cola (11 fl. oz)	$3.95	$8.96 €8.00	+126.8%
Bottle of water (11 fl. oz)	$2.97	$10.56 €9.43	+256.1%
Average			+38.5%

New York City vs. Monte Carlo - Cost of restaurants

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pay 19.9% more for groceries

	New York City	Monte Carlo
Bread 1 loaf	$4.78	$5.04 €4.50	+5.4%
Local cheese (8 oz)	$9.47	$10.64 €9.49	+12.3%
Milk (1 gallon)	$5.13	$8.48 €7.57	+65.4%
Eggs 1 dozen	$6.03	$4.70 €4.20	-22.0%
Boneless chicken breast (1 lb)	$7.93	$7.62 €6.80	-3.9%
Apples (1 lb)	$3.11	$2.79 €2.49	-10.3%
Bananas (1 lb)	$0.96	$3.30 €2.95	+242.6%
Oranges (1 lb)	$2.83	$2.17 €1.94	-23.4%
Tomatoes (1 lb)	$3.08	$3.81 €3.40	+23.7%
Potatoes (1 lb)	$1.83	$2.54 €2.27	+39.1%
Onions (1 lb)	$2.04	$2.54 €2.27	+24.5%
Average			+19.9%

New York City vs. Monte Carlo - Cost of groceries

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pay 8.2% more for transportation

	New York City	Monte Carlo
Gasoline (1 gallon)	$4.31	$9.20 €8.21	+113.7%
Monthly public transit pass	$140.00	$37.51 €33.48	-73.2%
New Volkswagen Golf 1.4 (standard edition)	$35,458.00	$54,374.36 €48,531.18	+53.3%
Taxi trip in downtown area (5 miles)	$20.44	$23.51 €20.99	+15.0%
Average			+8.2%

New York City vs. Monte Carlo - Cost of transportation

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pay 18.4% more for housing

	New York City	Monte Carlo
Internet connection 50 mbps or faster, cable/dsl	$71.57	$96.30 €85.95	+34.5%
1-Bedroom apartment in downtown area	$4,447.32	$2,799.34 €2,498.52	-37.1%
1-Bedroom apartment outside city center	$3,217.65	$5,337.22 €4,763.67	+65.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$164.80	$410.15 €366.08	+148.9%
Average			+18.4%

New York City vs. Monte Carlo - Cost of housing

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pay 45.9% less for childcare

	New York City	Monte Carlo
Private preschool for 1 child, monthly	$3,379.10	$3,583.15 €3,198.10	+6.0%
Middle school for 1 child, two semesters	$60,882.67	$16,796.03 €14,991.10	-72.4%
Average			-45.9%

New York City vs. Monte Carlo - Cost of childcare

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pay 24.1% more for entertainment and sports

	New York City	Monte Carlo
Domestic/local beer (1 pint)	$8.50	$10.08 €8.99	+18.6%
Cappuccino in mid-range area	$6.50	$4.20 €3.75	-35.4%
Pack of cigarettes Marlboro or similar	$19.00	$12.32 €10.99	-35.2%
Monthly membership at local gym	$121.41	$531.87 €474.72	+338.1%
Movie ticket to theater/cinema	$22.50	$17.92 €15.99	-20.4%
Average			+24.1%

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

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pay 95.7% more for clothing

	New York City	Monte Carlo
Regular jeans Levi's brand	$75.86	$223.95 €199.88	+195.2%
Regular dress from H&M or similar store	$54.45	$78.38 €69.96	+43.9%
Running shoes Nike or Adidas	$120.38	$195.95 €174.90	+62.8%
Men's business shoes (leather)	$132.00	$279.93 €249.85	+112.1%
Average			+95.7%

New York City vs. Monte Carlo - 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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