Cost of living in Monaco vs Melbourne, Australia
Currency:
| Food | + 47% | |||
|---|---|---|---|---|
| Food in Monaco is 47% more expensive than in Melbourne (Australia) | ||||
| Basic lunchtime menu (including a drink) in the business district | €23 (AU$37) | AU$18 | + 107% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €9 (AU$14) | AU$12 | + 18% | |
| 500 gr (1 lb.) of boneless chicken breast | €5.60 (AU$9) | AU$5.27 | + 66% | |
| 1 liter (1 qt.) of whole fat milk | €1.57 (AU$2.46) | AU$1.48 | + 66% | |
| 12 eggs, large | €4.32 (AU$7) | AU$5.06 | + 34% | |
| 1 kg (2 lb.) of tomatoes | €2.67 (AU$4.19) | AU$4.83 | - 13% | |
| 500 gr (16 oz.) of local cheese | €8 (AU$12) | AU$6 | + 87% | |
| 1 kg (2 lb.) of apples | €3.11 (AU$4.87) | AU$4.57 | + 7% | |
| 1 kg (2 lb.) of potatoes | €5.06 (AU$8) | AU$3.19 | + 148% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €2.07 (AU$3.24) | AU$5.70 | - 43% | |
| 1 bottle of red table wine, good quality | €9 (AU$14) | AU$17 | - 16% | |
| 2 liters of coca-cola | €3.79 (AU$5.94) | AU$2.80 | + 112% | |
| Bread for 2 people for 1 day | €2.76 (AU$4.33) | AU$2.67 | + 62% | |
| Housing | + 152% | |||
| Housing in Monaco is 152% more expensive than in Melbourne (Australia) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €5,701 (AU$8,932) | AU$2,894 | + 209% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €4,747 (AU$7,438) | AU$2,147 | + 246% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €186 (AU$291) | AU$238 | + 22% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €3,727 (AU$5,839) | AU$1,809 | + 223% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €2,539 (AU$3,978) | AU$1,422 | + 180% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €94 (AU$148) | AU$159 | - 7% | |
| Internet 8 mbps (1 month) | €34 (AU$53) | AU$46 | + 15% | |
| 40” flat screen tv | €596 (AU$934) | AU$354 | + 164% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €157 (AU$246) | AU$212 | + 16% | |
| Laundry detergent (3 l. ~ 100 oz.) | €6 (AU$10) | AU$12 | - 15% | |
| Hourly rate for cleaning help | €16 (AU$25) | AU$28 | - 10% | |
| Clothes | + 19% | |||
| Clothes in Monaco is 19% more expensive than in Melbourne (Australia) | ||||
| 1 pair of jeans (levis 501 or similar) | €88 (AU$138) | AU$101 | + 37% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €39 (AU$61) | AU$59 | + 3% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €87 (AU$136) | AU$129 | + 6% | |
| 1 pair of men’s leather business shoes | €148 (AU$232) | AU$131 | + 77% | |
| Transportation | - 34% | |||
| Transportation in Monaco is 34% cheaper than in Melbourne (Australia) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €23,761 (AU$37,227) | AU$27,303 | + 36% | |
| 1 liter (1/4 gallon) of gas | €1.61 (AU$2.53) | AU$1.38 | + 83% | |
| Monthly ticket public transport | €32 (AU$51) | AU$160 | - 68% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | €27 (AU$42) | AU$21 | + 99% | |
| Personal Care | + 39% | |||
| Personal Care in Monaco is 39% more expensive than in Melbourne (Australia) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €3.90 (AU$6) | AU$7 | - 15% | |
| 1 box of antibiotics (12 doses) | €7 (AU$11) | AU$24 | - 54% | |
| Short visit to private doctor (15 minutes) | €79 (AU$124) | AU$72 | + 73% | |
| 1 box of 32 tampons (tampax, ob, ...) | €5.44 (AU$9) | AU$7 | + 24% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €5.05 (AU$8) | AU$4.31 | + 83% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €5.18 (AU$8) | AU$5.32 | + 53% | |
| 4 rolls of toilet paper | €2.99 (AU$4.69) | AU$2.55 | + 84% | |
| Tube of toothpaste | €3.20 (AU$5.01) | AU$3.01 | + 66% | |
| Standard men's haircut in expat area of the city | €37 (AU$59) | AU$36 | + 64% | |
| Entertainment | + 61% | |||
| Entertainment in Monaco is 61% more expensive than in Melbourne (Australia) | ||||
| Basic dinner out for two in neighborhood pub | €61 (AU$96) | AU$51 | + 87% | |
| 2 tickets to the movies | €22 (AU$35) | AU$39 | - 12% | |
| 2 tickets to the theater (best available seats) | €388 (AU$608) | AU$226 | + 169% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €97 (AU$152) | AU$78 | + 96% | |
| 1 cocktail drink in downtown club | €17 (AU$27) | AU$16 | + 74% | |
| Cappuccino in expat area of the city | €3.95 (AU$6) | AU$4.40 | + 41% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €5.64 (AU$9) | AU$10 | - 11% | |
| Ipad wi-fi 128gb | €793 (AU$1,242) | AU$634 | + 96% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.40 (AU$0.62) | AU$0.25 | + 154% | |
| 1 month of gym membership in business district | €92 (AU$144) | AU$72 | + 101% | |
| 1 package of marlboro cigarettes | €7 (AU$11) | AU$33 | - 68% | |
| TOTAL | + 56% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,157 prices entered by 151 different people.
These prices were last updated on February 28, 2021.
Exchange rate:
1.567
AUD
/
EUR
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Cost of living in Monaco is 56% more expensive than in Melbourne (Australia)
For example, you would need at least AU$13,742 (€8,771) in Monaco to maintain the same standard of living that you can have with AU$8,800 in Melbourne.
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