International Cost of Living Calculator

We provide international cost of living and hardship data so that you can create reports online (24X7) using any of the calculators:

Expat Salary: Salary purchasing power parity calculator, for simple cost of living comparison and international salary calculation (e.g. to compare a salary offer).

Cost of Living Comparison: Cost of living allowance calculator, compares cost of living and hardship and calculates a cost of living allowance based on the difference.

International Cost of Living Index: Cost of living index calculator, compares multiple locations to a home base (e.g. international offices compared to HQ).

International Assignment: International assignment management calculator, for global mobility managers who use the build-up approach for detailed international assignment salary and allowance calculations.

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Mobility Calculators

Do you need a Cost of Living Comparison Calculator?

The global cost of living calculators have been created to compare the cost of living in every country and major city in the world, to help you manage short and long term assignments (page down for a description of each cost of living calculator):

Cost of Living Allowance
Cost of Living Index
International Assignment Management
Salary Purchasing Power Parity
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Location Rankings

Cost of Living Comparison by City and Country

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Location Reviews

Cost of Living Review by City and Country


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Monaco, Monaco

Monaco, MonacoMonaco is a small sovereign city-state. Monaco is the name of the country as well as the name of its only and capital city.

Monaco is in Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy. The climate is mediterranean with mild, wet winters and hot, dry summers.

The official language is French. English and Italian are widely spoken. Some people also speak Monegasque and Occitan (local languages). The main religion is Christianity.

Monaco is the second smallest country in the world; only Vatican City is smaller. It is regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries. One of Monaco's main sources of income is tourism; each year many are attracted to its casino and pleasant climate. Monaco levies no income tax on individuals. The absence of a personal income tax in the principality has attracted to it a considerable number of wealthy "tax refugee" residents from European countries who derive the majority of their income from activity outside Monaco.

Monaco culture is very similar to French. Although small, the principality is not insular and locals are generally welcoming of visitors. Business is generally conducted in formal and conservative manner. Expatriate business dress typically comprises suits with ties.

The security risk for expatriates in Monaco is low. Risks include low levels of opportunistic street crime and petty theft.

The currency of Monaco is the Euro (EUR). Banking is on a par with the rest of Western Europe and North America. Monaco is not a member of the European Union.

Medical facilities are excellent, however the cost of treatment for expatriates is high.

The population of Monaco is 37800 (2017 est.), while the inflation rate is 1.5% (Nov 2017).

Cost Of Living

The cost of living for expatriates / professional migrants in Monaco as at 1 January 2018 is very high in comparison to other places in the world.

In Monaco, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports):
1) Alcohol (where available) & Tobacco: Low
2) Clothing: Very High
3) Communication: Average
4) Education: Average
5) Furniture & Appliances: Average
6) Groceries: Very High
7) Healthcare: High
8) Household Accommodation: Very High
9) Miscellaneous: High
10) Personal Care: High
11) Recreation & Culture: Very High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Very High

Monaco is for example 23.5% more expensive than USA for groceries, 122.2% more expensive for household costs than UK, and 141.7% more expensive for transport costs than India.

Monaco is ranked as a minimal hardship location.

The hardship premium for Monaco for an expat from Australia, is for example 0%, i.e. host location (Monaco) premium of 10% minus home (Australia) location premium of 10%.

Want to know more about cost of living, hardship (quality of living) or expat salary in Monaco? Register subscribe to your home location and Monaco and run your personalised reports.