A single person estimated monthly costs are 2,054.0$ (1,942.2€) without rent. Cost of living in Monaco is, on average, 72.9% higher than in United States. Rent in Monaco is, on average, 357.9% higher than in United States.
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Past travelers have spent, on average, €59 ($62) on meals for one day and €20 ($21) on local transportation. Also, the average hotel price in Monaco for a couple is €245 ($259). So, a trip to Monaco for two people for one week costs on average €2,954 ($3,123).
If you're a budget traveler, you can expect to spend around $100 to $150 per day in Monaco, taking into account accommodation, transportation, meals, and activities. For mid-range travelers, the daily expenses may range from $200 to $300.
Even though a sizeable chunk of the local population is made of millionaires, one doesn't have to be extremely wealthy or famous to visit Monaco. Anybody can go and have a total ball - they just have to know a few travel tips before you go!
One in every three people in Monaco are millionaires, according to research into the cities of Europe that have the most high net worth individuals, with Zurich close behind. London ranks fourth.
Street food or fast food: around 5-10 EUR (6-12 USD) per meal. Casual dining or local restaurants: around 10-20 EUR (12-24 USD) per meal. Mid-range restaurants: around 20-30 EUR (24-36 USD) per meal. High-end or luxury restaurants: cost upwards of 50 EUR (60 USD) per meal.