Published: Monday, 21th October 2024
The cost of living in Monaco is 13.93 times more expensive as compared to Burkina Faso.
On this page, you will find side-by-side cost comparison between Monaco and Burkina Faso. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Monaco and Burkina Faso.
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 Indicators  | Monaco  | Burkina Faso  |
|---|---|---|
1 BHK Apartment in City Center  | 3,500 EUR (3,892.35 USD) | 100,000 XOF (160 USD) |
2 BHK Apartment in City Center  | 6,000 EUR (6,672.60 USD) | 150,000 XOF (240 USD) |
3 BHK Apartment in City Center  | 9,000 EUR (10,008.90 USD) | 250,000 XOF (400 USD) |
1 BHK Apartment outside City Center  | 2,500 EUR (2,780.25 USD) | 50,000 XOF (80 USD) |
2 BHK Apartment outside City Center  | 4,000 EUR (4,448.40 USD) | 80,000 XOF (128 USD) |
3 BHK Apartment outside City Center  | 6,000 EUR (6,672.60 USD) | 130,000 XOF (208 USD) |
Mortgage Rates Per Month  | 1.5 % | 6 % |
Realtor Commission  | 5 % | 3 % |
Property Taxes  | Yet to Update | Yet to Update |
The average housing cost in Monaco is 27.73 times more expensive than Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Basic Home Furnishing  | 20,000 EUR (22,242 USD) | 300,000 XOF (480 USD) |
Electricity Cost Per Month  | 100 EUR (111.21 USD) | 15,000 XOF (24 USD) |
Heating Cost Per Month  | 150 EUR (166.82 USD) | 10,000 XOF (16 USD) |
Cooling Cost Per Month  | 80 EUR (88.97 USD) | 5,000 XOF (8 USD) |
Water Supply Cost Per Month  | 50 EUR (55.61 USD) | 10,000 XOF (16 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 4066.29% more for Utilities.
The basic home furnishing in Monaco costs 46.34 times more compared to Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Standard Wifi Cost Per Month  | 60 EUR (66.73 USD) | 20,000 XOF (32 USD) |
Mobile Phone Basic Plan Cost Per Month  | 40 EUR (44.48 USD) | 5,000 XOF (8 USD) |
Landline Basic Plan Cost Per Month  | 30 EUR (33.36 USD) | 8,000 XOF (12.80 USD) |
Cable TV Basic Plan Cost Per Month  | 80 EUR (88.97 USD) | 15,000 XOF (24 USD) |
The internet and communication costs 204.09% more in Monaco compared to Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Long Grain Rice (1 KG)  | 3 EUR (3.34 USD) | 1,500 XOF (2.40 USD) |
Milk (1 Liter)  | 1.50 EUR (1.67 USD) | 800 XOF (1.28 USD) |
Water (1 Liter)  | 1 EUR (1.11 USD) | 300 XOF (0.48 USD) |
Bread (500 gm)  | 2 EUR (2.22 USD) | 400 XOF (0.64 USD) |
Eggs (1 Dozen)  | 3.50 EUR (3.89 USD) | 1,200 XOF (1.92 USD) |
Cheese (1 KG)  | 8 EUR (8.90 USD) | 2,500 XOF (4 USD) |
Chicken Breast (1 KG)  | 10 EUR (11.12 USD) | 2,000 XOF (3.20 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 1.58 times more expensive than the cost in Burkina Faso.
If you lived in Monaco, instead of Burkina Faso, you would have to pay 131.69% more for Groceries.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Apples (1 KG)  | 3 EUR (3.34 USD) | 1,000 XOF (1.60 USD) |
Bananas (1 KG)  | 2.50 EUR (2.78 USD) | 600 XOF (0.96 USD) |
Oranges (1 KG)  | 3 EUR (3.34 USD) | 800 XOF (1.28 USD) |
Tomatoes (1 KG)  | 3 EUR (3.34 USD) | 700 XOF (1.12 USD) |
Potatoes (1 KG)  | 2 EUR (2.22 USD) | 500 XOF (0.80 USD) |
Lemons (1 KG)  | 3.50 EUR (3.89 USD) | 1,200 XOF (1.92 USD) |
Onions (1 KG)  | 2 EUR (2.22 USD) | 700 XOF (1.12 USD) |
Lentils (1 KG)  | 3.50 EUR (3.89 USD) | 1,800 XOF (2.88 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 2.14 times more for Fruits and Vegetables.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Meal at a Resonable Restaurant  | 20 EUR (22.24 USD) | 3,500 XOF (5.60 USD) |
Three-Course Meal for Two  | 80 EUR (88.97 USD) | 8,000 XOF (12.80 USD) |
Fast Food Combo Meal  | 8 EUR (8.90 USD) | 1,500 XOF (2.40 USD) |
Normal Coffee  | 3 EUR (3.34 USD) | 300 XOF (0.48 USD) |
Soft Drink  | 2.50 EUR (2.78 USD) | 200 XOF (0.32 USD) |
Pizza for One  | 15 EUR (16.68 USD) | 2,500 XOF (4 USD) |
Take-Out Delivery Meal  | 15 EUR (16.68 USD) | 3,000 XOF (4.80 USD) |
Cigarette Pack of 20  | 7 EUR (7.78 USD) | 800 XOF (1.28 USD) |
Dining-Out costs 428.32% more in Monaco compared to Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Wine Mid-Range Bottle  | 10 EUR (11.12 USD) | 4,000 XOF (6.40 USD) |
Glass of Wine  | 5 EUR (5.56 USD) | 1,000 XOF (1.60 USD) |
Domestic Beer Half Liter  | 3 EUR (3.34 USD) | 500 XOF (0.80 USD) |
Imported Beer Half Liter  | 4 EUR (4.45 USD) | 700 XOF (1.12 USD) |
Domestic Alcohol 1 Liter  | 10 EUR (11.12 USD) | 2,000 XOF (3.20 USD) |
Branded Alcohol 1 Liter  | 30 EUR (33.36 USD) | 3,000 XOF (4.80 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 3.85 times more for usual hard drinks.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Monthly Public Transportation Pass  | 30 EUR (33.36 USD) | 10,000 XOF (16 USD) |
Single Public Transportation Ticket  | 1 EUR (1.11 USD) | 200 XOF (0.32 USD) |
Single Train Ticket  | Yet to Update () | 3,000 XOF (4.80 USD) |
Domestic Airplane Ticket  | 50 EUR (55.61 USD) | 50,000 XOF (80 USD) |
Taxi Start Fare  | 10 EUR (11.12 USD) | 500 XOF (0.80 USD) |
Taxi Rate Per Kilometer  | 2 EUR (2.22 USD) | 300 XOF (0.48 USD) |
Car Rental Per Day  | 70 EUR (77.85 USD) | 15,000 XOF (24 USD) |
Parking Fees in City Center Per Hour  | 10 EUR (11.12 USD) | 500 XOF (0.80 USD) |
Parking Fees outside City Center Per Hour  | 5 EUR (5.56 USD) | 200 XOF (0.32 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 1.55 times more for transportation.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 20,000 EUR (22,242 USD) | 5,000,000 XOF (8,000 USD) |
Vehicle Registration Cost  | 500 EUR (556.05 USD) | 25,000 XOF (40 USD) |
Driving License Fees  | 150 EUR (166.82 USD) | 20,000 XOF (32 USD) |
Car Insurance Cost  | 1,000 EUR (1,112.10 USD) | 100,000 XOF (160 USD) |
Car Maintenance Cost  | 500 EUR (556.05 USD) | 50,000 XOF (80 USD) |
Car Loan Interest Rates  | 5 % | 8 % |
Fuel Per Liter  | 1.70 EUR (1.89 USD) | 750 XOF (1.20 USD) |
Fuel Per Gallon  | 7 EUR (7.78 USD) | 2,800 XOF (4.48 USD) |
Average Toll Fees  | Yet to Update | Yet to Update |
You would have to pay 2.96 times more for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Doctor Visit  | 150 EUR (166.82 USD) | 5,000 XOF (8 USD) |
Specialist Visit  | 250 EUR (278.03 USD) | 10,000 XOF (16 USD) |
Dentist Visit  | 200 EUR (222.42 USD) | 8,000 XOF (12.80 USD) |
Eye Exam  | 100 EUR (111.21 USD) | 4,000 XOF (6.40 USD) |
Mental Health Counseling  | 150 EUR (166.82 USD) | 8,000 XOF (12.80 USD) |
Preventive Health Screening  | 100 EUR (111.21 USD) | 5,000 XOF (8 USD) |
Physical Therapy  | 100 EUR (111.21 USD) | 5,000 XOF (8 USD) |
Emergency Room Visit  | 500 EUR (556.05 USD) | 10,000 XOF (16 USD) |
Hospital Stay Per Night  | 800 EUR (889.68 USD) | 15,000 XOF (24 USD) |
Vaccinations  | 50 EUR (55.61 USD) | 2,000 XOF (3.20 USD) |
Prescription Medication  | 50 EUR (55.61 USD) | 2,000 XOF (3.20 USD) |
Over the Counter Medication  | 20 EUR (22.24 USD) | 1,000 XOF (1.60 USD) |
Health Insurance Premiums  | 300 EUR (333.63 USD) | 20,000 XOF (32 USD) |
Health Insurance Deductibles  | 200 EUR (222.42 USD) | 10,000 XOF (16 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 19.66 times more for Health and Medical Treatment.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Cosmetic Procedures  | 1,000 EUR (1,112.10 USD) | 15,000 XOF (24 USD) |
Spa Treatment  | 200 EUR (222.42 USD) | 10,000 XOF (16 USD) |
Manicure Pedicure Cost  | 50 EUR (55.61 USD) | 3,000 XOF (4.80 USD) |
Optical Glasses Cost  | 150 EUR (166.82 USD) | 8,000 XOF (12.80 USD) |
Contact Lenses Cost  | 50 EUR (55.61 USD) | 5,000 XOF (8 USD) |
Haircuts  | 25 EUR (27.80 USD) | 1,000 XOF (1.60 USD) |
Hair Coloring  | 100 EUR (111.21 USD) | 3,000 XOF (4.80 USD) |
Shampoo Price  | 5 EUR (5.56 USD) | 500 XOF (0.80 USD) |
Toothpaste Price  | 3 EUR (3.34 USD) | 300 XOF (0.48 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 24.02 times more for Personal Care Items and Treatment.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Pair of Nike Running Shoes  | 120 EUR (133.45 USD) | 25,000 XOF (40 USD) |
Men's Shirt  | 60 EUR (66.73 USD) | 5,000 XOF (8 USD) |
Women's Dress  | 80 EUR (88.97 USD) | 10,000 XOF (16 USD) |
Summer Dress  | 60 EUR (66.73 USD) | 6,000 XOF (9.60 USD) |
Men's Suit  | 300 EUR (333.63 USD) | 50,000 XOF (80 USD) |
Men's Jeans  | 80 EUR (88.97 USD) | 8,000 XOF (12.80 USD) |
Women's Jeans  | 80 EUR (88.97 USD) | 7,000 XOF (11.20 USD) |
Men's Formal Shoes  | 120 EUR (133.45 USD) | 15,000 XOF (24 USD) |
Women's Formal Shoes  | 120 EUR (133.45 USD) | 12,000 XOF (19.20 USD) |
Men's Casual Shoes  | 80 EUR (88.97 USD) | 10,000 XOF (16 USD) |
Women's Casual Shoes  | 80 EUR (88.97 USD) | 8,000 XOF (12.80 USD) |
Underwear For Men  | 10 EUR (11.12 USD) | 1,500 XOF (2.40 USD) |
Underwear For Women  | 15 EUR (16.68 USD) | 1,500 XOF (2.40 USD) |
Socks For Men  | 5 EUR (5.56 USD) | 500 XOF (0.80 USD) |
Socks For Women  | 5 EUR (5.56 USD) | 500 XOF (0.80 USD) |
Wintercoat for Adults  | 150 EUR (166.82 USD) | 15,000 XOF (24 USD) |
Sportswear  | 80 EUR (88.97 USD) | 10,000 XOF (16 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 5.43 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Children's Jeans  | 50 EUR (55.61 USD) | 4,000 XOF (6.40 USD) |
Children's Normal Sneakers  | 60 EUR (66.73 USD) | 5,000 XOF (8 USD) |
Children's Winter Coat  | 80 EUR (88.97 USD) | 6,000 XOF (9.60 USD) |
Daycare for Infant  | 1,000 EUR (1,112.10 USD) | 50,000 XOF (80 USD) |
Daycare for Toddler  | 800 EUR (889.68 USD) | 40,000 XOF (64 USD) |
Childcare for Sick Days  | 100 EUR (111.21 USD) | 5,000 XOF (8 USD) |
Early Childhood Education Programs  | 500 EUR (556.05 USD) | 30,000 XOF (48 USD) |
Extra Curricular Activities  | 200 EUR (222.42 USD) | 10,000 XOF (16 USD) |
Summer Camp for Kids  | 800 EUR (889.68 USD) | 20,000 XOF (32 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 14.68 times more for Childcare and kids clothing.
Indicators | Monaco | Burkina Faso |
|---|---|---|
PreSchool Fees  | 1,500 EUR (1,668.15 USD) | 30,000 XOF (48 USD) |
Primary School Fees  | 2,000 EUR (2,224.20 USD) | 60,000 XOF (96 USD) |
Secondary School Fees  | 3,000 EUR (3,336.30 USD) | 80,000 XOF (128 USD) |
Private School Fees  | 5,000 EUR (5,560.50 USD) | 150,000 XOF (240 USD) |
University Tuition Fees  | 20,000 EUR (22,242 USD) | 300,000 XOF (480 USD) |
University Private Tuition Fees  | 40,000 EUR (44,484 USD) | 500,000 XOF (800 USD) |
After School Activities  | 200 EUR (222.42 USD) | 10,000 XOF (16 USD) |
Special Education Services  | 400 EUR (444.84 USD) | 20,000 XOF (32 USD) |
Tutoring  | 100 EUR (111.21 USD) | 15,000 XOF (24 USD) |
Textbooks Cost  | 50 EUR (55.61 USD) | 5,000 XOF (8 USD) |
School Supplies  | 30 EUR (33.36 USD) | 3,000 XOF (4.80 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 42.83 times more for school and education.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Movie Ticket (Single)  | 15 EUR (16.68 USD) | 1,500 XOF (2.40 USD) |
Theater Ticket (Single)  | 50 EUR (55.61 USD) | 3,000 XOF (4.80 USD) |
Concert Ticket (Single)  | 60 EUR (66.73 USD) | 5,000 XOF (8 USD) |
Sports Event Ticket (Single)  | 50 EUR (55.61 USD) | 4,000 XOF (6.40 USD) |
Gym Membership  | 60 EUR (66.73 USD) | 5,000 XOF (8 USD) |
Swimming Pool Access  | 40 EUR (44.48 USD) | 4,000 XOF (6.40 USD) |
Museum Entry Ticket  | 10 EUR (11.12 USD) | 1,000 XOF (1.60 USD) |
Zoo Entry Ticket  | 20 EUR (22.24 USD) | 1,500 XOF (2.40 USD) |
Amusement Park Entry Ticket  | 30 EUR (33.36 USD) | 3,000 XOF (4.80 USD) |
Bowling  | 20 EUR (22.24 USD) | 2,000 XOF (3.20 USD) |
Mini Golf  | 15 EUR (16.68 USD) | 1,500 XOF (2.40 USD) |
Video Games  | 40 EUR (44.48 USD) | 8,000 XOF (12.80 USD) |
Streaming Services  | 15 EUR (16.68 USD) | 5,000 XOF (8 USD) |
Outdoor Equipment Rental  | 30 EUR (33.36 USD) | 2,000 XOF (3.20 USD) |
Theme Park Annual Pass  | 500 EUR (556.05 USD) | 20,000 XOF (32 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 9.98 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Language Classes  | 300 EUR (333.63 USD) | 15,000 XOF (24 USD) |
Parenting Classes  | 150 EUR (166.82 USD) | 10,000 XOF (16 USD) |
Art Classes  | 30 EUR (33.36 USD) | 2,500 XOF (4 USD) |
Fitness Classes  | 20 EUR (22.24 USD) | 2,000 XOF (3.20 USD) |
Music Lessons  | 50 EUR (55.61 USD) | 3,000 XOF (4.80 USD) |
Dance Lessons  | 50 EUR (55.61 USD) | 3,000 XOF (4.80 USD) |
Reading Materials for Classes  | 10 EUR (11.12 USD) | 1,500 XOF (2.40 USD) |
Educational Software  | 150 EUR (166.82 USD) | 10,000 XOF (16 USD) |
If you lived in Monaco, instead of Burkina Faso, you would have to pay 11.24 times more for Private Classes.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Average Gross Monthly Salary  | 5,000 EUR (5,560.50 USD) | 150,000 XOF (240 USD) |
Average Net Monthly Salary  | 3,500 EUR (3,892.35 USD) | 120,000 XOF (192 USD) |
Minimum Wages  | 66.67 EUR per hour (74.14 USD) | 2,000 XOF per hour (3.20 USD) |
Average Bonus  | 5,000 EUR (5,560.50 USD) | 50,000 XOF (80 USD) |
Income Tax Rate  | 0 to 20 % | 0 to 18 % |
Social Security Contributions  | Yet to Update | 8 % |
Pension Contributions  | Yet to Update | 7 % |
Cost of Living Index  | 12 | 40 |
Median Household Income  | 7,000 EUR (7,784.70 USD) | 350,000 XOF (560 USD) |
If you lived in Monaco, you would earn 21.27 times more salary as compared to Burkina Faso.
Indicators | Monaco | Burkina Faso |
|---|---|---|
Legal Consultation Per Hour Rate  | 300 EUR (333.63 USD) | 15,000 XOF (24 USD) |
Accounting Services Per Hour Rate  | 250 EUR (278.03 USD) | 10,000 XOF (16 USD) |
IT Support Services Per Hour Rate  | 200 EUR (222.42 USD) | 8,000 XOF (12.80 USD) |
Technician Services Per Hour Rate  | 150 EUR (166.82 USD) | 10,000 XOF (16 USD) |
Professional Services cost 14.55 times more in Monaco, as compared to Burkina Faso.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Burkina Faso.
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