Cost of Living in Monaco
for Expats 2026

Monaco's real estate market is among the most expensive globally. A one-bedroom apartment in central areas like Monte-Carlo or Monaco-Ville commands $5,000–$15,000+ per month, with luxury penthouses easily exceeding $50,000/month. Furnished short-term rentals are available at premium rates. Most residents are resident investors or business owners; traditional tenancy is limited due to high ownership concentration and the principality's tiny surface area (2.02 km²).

Grocery costs in Monaco are 20% above NYC levels, with imported goods and local French sourcing driving prices. A weekly grocery shop for a single person typically costs $150–$250. Dining out ranges from €25–€50+ for casual meals to €150+ at Michelin-starred establishments. The principality relies on supply chains from France and Italy, making locally-sourced dining the most economical option.

Public transport in Monaco is affordable and comprehensive: monthly bus/train passes cost approximately €50–€60. Taxis and rideshare (Uber) are available but expensive, averaging €15–€30 for short trips. Car ownership incurs high registration fees and limited parking; most residents rely on taxis, public transit, or the Monaco tramway. The principality's compact size makes walking and cycling practical for daily needs.

Monaco has excellent healthcare with both public and private facilities. French social security coverage is extended to residents, covering major medical costs at 60–90%. Private insurance for expats costs €200–€400/month. Consultations with general practitioners average €50–€80, with specialists ranging €80–€150. Emergency care is immediate and world-class, with major facilities including Princess Grace Hospital.