Monte Carlo isn’t just a district — it’s a brand. The moment you say you live there, you’re speaking volumes about luxury, exclusivity, and a lifestyle few places can offer. But how much does that lifestyle actually cost?
Whether you’re a prospective buyer, a digital nomad, or just curious, this article breaks down the cost of living in Monte Carlo in 2025 across the most important categories: housing, food, transport, utilities, and more.
🏠 Housing Costs in Monte Carlo
Living in Monte Carlo means paying top-tier prices for limited, highly coveted real estate. This is the most significant expense.
Rental Prices:
- One-bedroom apartment (central): €7,000–€10,000/month
- Three-bedroom apartment: €25,000–€40,000/month
- Studio apartment (compact): €4,000–€6,000/month
Buying Property:
- Price per m²: €55,000–€75,000
- Average 2-bedroom apartment (90 m²): €5M–€6.5M
You’re not just buying square meters; you’re investing in access to one of the world’s most secure, tax-friendly, and glamorous places.
🛒 Grocery Prices in Monte Carlo
Food in Monte Carlo ranges from daily basics at supermarkets like Carrefour or Casino to luxury food boutiques and organic shops.
| Item | Average Price |
|---|---|
| Milk (1 liter) | €2.50 |
| Bread (baguette) | €4.00 |
| Eggs (12) | €5.50 |
| Chicken breast (1kg) | €14.00 |
| Cheese (1kg) | €22.00 |
| Apples (1kg) | €5.00 |
| Wine (mid-range) | €12.00 |
Expect to spend around €700–€1,000/month for two people, depending on preferences and whether you shop locally or at gourmet stores.
🍽️ Dining Out and Restaurants
Monte Carlo offers Michelin-starred establishments alongside more casual cafes.
- Basic lunch (café): €25–€35
- Three-course dinner (mid-range): €90–€150
- Luxury dining (per person): €250+
- Coffee (espresso): €4
- Cocktail (bar or hotel): €18–€25
Even casual dining here carries a premium. But the experience—views of the harbor, service, quality—is unmatched.
🚗 Transportation Costs
Monaco is walkable, but transport options include buses, taxis, e-bikes, and private cars.
| Transport Type | Cost |
|---|---|
| One-way bus ticket | €2.00 |
| Monthly bus pass | €22.00 |
| Taxi (5km ride) | €18.00–€25.00 |
| Gasoline (1 liter) | €2.20 |
| Parking (monthly) | €200–€400 |
There’s also a heliport connecting Monaco with Nice in just 7 minutes—€180 one-way.
🔌 Utilities and Internet
Utilities are relatively affordable compared to rent, but they vary depending on apartment size and consumption.
| Utility | Monthly Cost (est.) |
|---|---|
| Electricity & Water | €150–€250 |
| Internet (fiber) | €40–€60 |
| Mobile plan (SIM) | €30–€50 |
Many luxury buildings include utility packages, concierge service, and 24/7 security.
🧘 Lifestyle and Leisure
Living in Monte Carlo means premium access to everything from fitness clubs to cultural events.
| Activity | Cost |
|---|---|
| Gym membership | €100–€200/month |
| Casino entry | Free–€20 |
| Opera/theatre ticket | €30–€100+ |
| Spa day (hotel/resort) | €250–€400 |
| Yacht charter (1 day) | €2,000–€10,000+ |
This is where lifestyle choices can drastically influence your budget. Life in Monte Carlo can be as extravagant or as streamlined as you wish.
🏥 Healthcare and Insurance
Monaco has excellent healthcare, although most residents opt for private coverage.
- Doctor consultation (private): €100–€200
- Basic insurance plan (private): €300–€700/month
- Specialist appointment: €200+
Health insurance is highly recommended and often required for residency.
🎓 Education
If you’re relocating with children, consider the cost of international schooling:
- Private international schools: €20,000–€30,000/year
- Public schools (French curriculum): Free, but limited options in English
The International School of Monaco is the most popular among expats.
💼 Cost of Residency and Paperwork
To live in Monte Carlo long-term, non-citizens typically need to:
- Rent or own a property in Monaco
- Prove sufficient income or employment
- Have health insurance
- Provide a clean criminal record
Initial relocation legal fees, translations, bank deposits, and residency filing can cost €5,000–€15,000+ depending on your setup.
📊 Monthly Cost Summary (1 person)
| Category | Monthly Cost Range |
|---|---|
| Rent | €7,000–€10,000 |
| Groceries | €700–€1,000 |
| Dining Out | €500–€1,500 |
| Transport | €100–€400 |
| Utilities | €150–€250 |
| Internet/Mobile | €80–€100 |
| Entertainment | €500–€1,000 |
| Insurance | €300–€700 |
| Total | €9,330–€14,950+ |
🧠 Final Thoughts
Monte Carlo offers an unmatched lifestyle, but it comes with a serious price tag. Whether you’re drawn by the tax benefits, the prestige, or the Mediterranean lifestyle, living in this iconic district requires careful financial planning.