Cost of Living in Monaco

"The cost of living in Monaco is generally considered to be high. Prices for basic goods and services, such as groceries, transportation, and housing, are significantly higher than in many other countries. Monaco is known for its luxury lifestyle, and this is reflected in the cost of living. Eating out, entertainment, and other leisure activities can be expensive, but there are also many affordable options available," explained one expat.

"Living in Monaco can be more expensive than living in the United States due to the high cost of living. Monaco is a small country with a high cost of living, and the cost of housing, food, and other necessities is significantly higher than in the United States. Additionally, Monaco has a high tax rate, which can further increase the cost of living. Despite the higher cost of living, Monaco offers a high quality of life and a unique cultural experience that may be worth the extra expense," wrote a person living in Monaco.

"The cost of housing in Monaco is generally quite high, with the average price for a one-bedroom apartment in the city centre being around €2,000 per month. Prices for larger apartments and villas can be significantly higher," said one expat in Monaco.

"The rental price for a nice 1 bedroom apartment in Monaco can range from around $2,000 to $4,000 per month, while a nice 2 bedroom apartment can range from around $3,000 to $6,000 per month," commented one expat who moved to Monaco.

"Rental properties in Monaco typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include air conditioning, a microwave, and other small appliances," wrote one expat.