Monaco – Indicative cost of living
It is interesting to make a reference to the indicative cost of living in the Principality of Monaco. The idea is to help those who are thinking about working or already have a job offer.
The numbers are indicative for one person and may vary significantly depending on the lifestyle each of us chooses:
1. Apartment 50-60 sq m from 1800-3000 euros / month depending on the neighborhood and the facilities of the building (see also the links on our website for direct contact with real estate agencies). See here .
2. Transportation from one (1) euro for the bus and about six (6) euros for the train to Nice. A taxi in Monaco costs about 10-12 euros for travel within the Principality.
3. Supermarket from 500 euros per month
4. Health coverage from a minimum of 150 euros / month
5. Electricity/Water from 100-150 euros per month
6. Internet/television/telephone, from 60 euros per month minimum plus additional calls
7. Eating out, from 15 euros (plat du jour) to several hundred euros per meal depending on the place and the season
8. Drink/Coffee from 8-15 euros depending on the place and the season
In general, a salary of around 5000 euros / month (tax free) ensures a basic standard of living. Although car insurance, parking, etc. expenses may be cheaper even than in Greece, the truth is that some extra money is needed for the resident of the Principality to enjoy the benefits of the place.
In the final analysis (as we mentioned above) a lot depends on the lifestyle chosen.