Published: Monday, 21th October 2024
The cost of living in Monaco is 3.52 times more expensive as compared to Cabo Verde.
On this page, you will find side-by-side cost comparison between Monaco and Cabo Verde. 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 Cabo Verde.
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 Indicators  | Monaco  | Cabo Verde  |
|---|---|---|
1 BHK Apartment in City Center  | 3,500 EUR (3,892.35 USD) | 50,000 CVE (500 USD) |
2 BHK Apartment in City Center  | 6,000 EUR (6,672.60 USD) | 80,000 CVE (800 USD) |
3 BHK Apartment in City Center  | 9,000 EUR (10,008.90 USD) | 120,000 CVE (1,200 USD) |
1 BHK Apartment outside City Center  | 2,500 EUR (2,780.25 USD) | 30,000 CVE (300 USD) |
2 BHK Apartment outside City Center  | 4,000 EUR (4,448.40 USD) | 50,000 CVE (500 USD) |
3 BHK Apartment outside City Center  | 6,000 EUR (6,672.60 USD) | 80,000 CVE (800 USD) |
Mortgage Rates Per Month  | 1.5 % | 5 % |
Realtor Commission  | 5 % | 3 % |
Property Taxes  | Yet to Update | 0.25 to 0.5 % |
The average housing cost in Monaco is 8.42 times more expensive than Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Basic Home Furnishing  | 20,000 EUR (22,242 USD) | 30,000 CVE (300 USD) |
Electricity Cost Per Month  | 100 EUR (111.21 USD) | 7,000 CVE (70 USD) |
Heating Cost Per Month  | 150 EUR (166.82 USD) | 6,000 CVE (60 USD) |
Cooling Cost Per Month  | 80 EUR (88.97 USD) | 5,000 CVE (50 USD) |
Water Supply Cost Per Month  | 50 EUR (55.61 USD) | 5,000 CVE (50 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 4176.34% more for Utilities.
The basic home furnishing in Monaco costs 74.14 times more compared to Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Standard Wifi Cost Per Month  | 60 EUR (66.73 USD) | 8,000 CVE (80 USD) |
Mobile Phone Basic Plan Cost Per Month  | 40 EUR (44.48 USD) | 3,500 CVE (35 USD) |
Landline Basic Plan Cost Per Month  | 30 EUR (33.36 USD) | 4,000 CVE (40 USD) |
Cable TV Basic Plan Cost Per Month  | 80 EUR (88.97 USD) | 6,000 CVE (60 USD) |
The internet and communication costs 8.62% more in Monaco compared to Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Long Grain Rice (1 KG)  | 3 EUR (3.34 USD) | 1,800 CVE (18 USD) |
Milk (1 Liter)  | 1.50 EUR (1.67 USD) | 1,000 CVE (10 USD) |
Water (1 Liter)  | 1 EUR (1.11 USD) | 300 CVE (3 USD) |
Bread (500 gm)  | 2 EUR (2.22 USD) | 400 CVE (4 USD) |
Eggs (1 Dozen)  | 3.50 EUR (3.89 USD) | 1,200 CVE (12 USD) |
Cheese (1 KG)  | 8 EUR (8.90 USD) | 2,500 CVE (25 USD) |
Chicken Breast (1 KG)  | 10 EUR (11.12 USD) | 2,000 CVE (20 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 4.68 times less expensive than the cost in Cabo Verde.
If you lived in Monaco, instead of Cabo Verde, you would have to pay 64.94% less for Groceries.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Apples (1 KG)  | 3 EUR (3.34 USD) | 1,200 CVE (12 USD) |
Bananas (1 KG)  | 2.50 EUR (2.78 USD) | 700 CVE (7 USD) |
Oranges (1 KG)  | 3 EUR (3.34 USD) | 900 CVE (9 USD) |
Tomatoes (1 KG)  | 3 EUR (3.34 USD) | 800 CVE (8 USD) |
Potatoes (1 KG)  | 2 EUR (2.22 USD) | 600 CVE (6 USD) |
Lemons (1 KG)  | 3.50 EUR (3.89 USD) | 1,200 CVE (12 USD) |
Onions (1 KG)  | 2 EUR (2.22 USD) | 700 CVE (7 USD) |
Lentils (1 KG)  | 3.50 EUR (3.89 USD) | 1,900 CVE (19 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 3.20 times less for Fruits and Vegetables.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Meal at a Resonable Restaurant  | 20 EUR (22.24 USD) | 2,500 CVE (25 USD) |
Three-Course Meal for Two  | 80 EUR (88.97 USD) | 7,000 CVE (70 USD) |
Fast Food Combo Meal  | 8 EUR (8.90 USD) | 1,500 CVE (15 USD) |
Normal Coffee  | 3 EUR (3.34 USD) | 300 CVE (3 USD) |
Soft Drink  | 2.50 EUR (2.78 USD) | 200 CVE (2 USD) |
Pizza for One  | 15 EUR (16.68 USD) | 2,500 CVE (25 USD) |
Take-Out Delivery Meal  | 15 EUR (16.68 USD) | 2,000 CVE (20 USD) |
Cigarette Pack of 20  | 7 EUR (7.78 USD) | 800 CVE (8 USD) |
Dining-Out costs 0.37% less in Monaco compared to Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Wine Mid-Range Bottle  | 10 EUR (11.12 USD) | 3,000 CVE (30 USD) |
Glass of Wine  | 5 EUR (5.56 USD) | 1,000 CVE (10 USD) |
Domestic Beer Half Liter  | 3 EUR (3.34 USD) | 500 CVE (5 USD) |
Imported Beer Half Liter  | 4 EUR (4.45 USD) | 700 CVE (7 USD) |
Domestic Alcohol 1 Liter  | 10 EUR (11.12 USD) | 2,000 CVE (20 USD) |
Branded Alcohol 1 Liter  | 30 EUR (33.36 USD) | 3,500 CVE (35 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.55 times less for usual hard drinks.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Monthly Public Transportation Pass  | 30 EUR (33.36 USD) | 5,000 CVE (50 USD) |
Single Public Transportation Ticket  | 1 EUR (1.11 USD) | 150 CVE (1.50 USD) |
Single Train Ticket  | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket  | 50 EUR (55.61 USD) | 15,000 CVE (150 USD) |
Taxi Start Fare  | 10 EUR (11.12 USD) | 300 CVE (3 USD) |
Taxi Rate Per Kilometer  | 2 EUR (2.22 USD) | 200 CVE (2 USD) |
Car Rental Per Day  | 70 EUR (77.85 USD) | 10,000 CVE (100 USD) |
Parking Fees in City Center Per Hour  | 10 EUR (11.12 USD) | 200 CVE (2 USD) |
Parking Fees outside City Center Per Hour  | 5 EUR (5.56 USD) | 100 CVE (1 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.56 times less for transportation.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 20,000 EUR (22,242 USD) | 3,000,000 CVE (30,000 USD) |
Vehicle Registration Cost  | 500 EUR (556.05 USD) | 30,000 CVE (300 USD) |
Driving License Fees  | 150 EUR (166.82 USD) | 10,000 CVE (100 USD) |
Car Insurance Cost  | 1,000 EUR (1,112.10 USD) | 50,000 CVE (500 USD) |
Car Maintenance Cost  | 500 EUR (556.05 USD) | 20,000 CVE (200 USD) |
Car Loan Interest Rates  | 5 % | 6 % |
Fuel Per Liter  | 1.70 EUR (1.89 USD) | 150 CVE (1.50 USD) |
Fuel Per Gallon  | 7 EUR (7.78 USD) | 600 CVE (6 USD) |
Average Toll Fees  | Yet to Update | Yet to Update |
You would have to pay 1.26 times less for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Doctor Visit  | 150 EUR (166.82 USD) | 2,500 CVE (25 USD) |
Specialist Visit  | 250 EUR (278.03 USD) | 5,000 CVE (50 USD) |
Dentist Visit  | 200 EUR (222.42 USD) | 4,000 CVE (40 USD) |
Eye Exam  | 100 EUR (111.21 USD) | 2,000 CVE (20 USD) |
Mental Health Counseling  | 150 EUR (166.82 USD) | 5,000 CVE (50 USD) |
Preventive Health Screening  | 100 EUR (111.21 USD) | 3,000 CVE (30 USD) |
Physical Therapy  | 100 EUR (111.21 USD) | 3,000 CVE (30 USD) |
Emergency Room Visit  | 500 EUR (556.05 USD) | 5,000 CVE (50 USD) |
Hospital Stay Per Night  | 800 EUR (889.68 USD) | 10,000 CVE (100 USD) |
Vaccinations  | 50 EUR (55.61 USD) | 2,000 CVE (20 USD) |
Prescription Medication  | 50 EUR (55.61 USD) | 1,000 CVE (10 USD) |
Over the Counter Medication  | 20 EUR (22.24 USD) | 600 CVE (6 USD) |
Health Insurance Premiums  | 300 EUR (333.63 USD) | 20,000 CVE (200 USD) |
Health Insurance Deductibles  | 200 EUR (222.42 USD) | 10,000 CVE (100 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 4.52 times more for Health and Medical Treatment.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Cosmetic Procedures  | 1,000 EUR (1,112.10 USD) | 15,000 CVE (150 USD) |
Spa Treatment  | 200 EUR (222.42 USD) | 8,000 CVE (80 USD) |
Manicure Pedicure Cost  | 50 EUR (55.61 USD) | 2,500 CVE (25 USD) |
Optical Glasses Cost  | 150 EUR (166.82 USD) | 5,000 CVE (50 USD) |
Contact Lenses Cost  | 50 EUR (55.61 USD) | 3,000 CVE (30 USD) |
Haircuts  | 25 EUR (27.80 USD) | 1,000 CVE (10 USD) |
Hair Coloring  | 100 EUR (111.21 USD) | 2,500 CVE (25 USD) |
Shampoo Price  | 5 EUR (5.56 USD) | 400 CVE (4 USD) |
Toothpaste Price  | 3 EUR (3.34 USD) | 200 CVE (2 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 4.68 times more for Personal Care Items and Treatment.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Pair of Nike Running Shoes  | 120 EUR (133.45 USD) | 20,000 CVE (200 USD) |
Men's Shirt  | 60 EUR (66.73 USD) | 4,000 CVE (40 USD) |
Women's Dress  | 80 EUR (88.97 USD) | 7,000 CVE (70 USD) |
Summer Dress  | 60 EUR (66.73 USD) | 5,000 CVE (50 USD) |
Men's Suit  | 300 EUR (333.63 USD) | 40,000 CVE (400 USD) |
Men's Jeans  | 80 EUR (88.97 USD) | 6,000 CVE (60 USD) |
Women's Jeans  | 80 EUR (88.97 USD) | 5,000 CVE (50 USD) |
Men's Formal Shoes  | 120 EUR (133.45 USD) | 12,000 CVE (120 USD) |
Women's Formal Shoes  | 120 EUR (133.45 USD) | 10,000 CVE (100 USD) |
Men's Casual Shoes  | 80 EUR (88.97 USD) | 8,000 CVE (80 USD) |
Women's Casual Shoes  | 80 EUR (88.97 USD) | 6,000 CVE (60 USD) |
Underwear For Men  | 10 EUR (11.12 USD) | 1,000 CVE (10 USD) |
Underwear For Women  | 15 EUR (16.68 USD) | 1,000 CVE (10 USD) |
Socks For Men  | 5 EUR (5.56 USD) | 400 CVE (4 USD) |
Socks For Women  | 5 EUR (5.56 USD) | 400 CVE (4 USD) |
Wintercoat for Adults  | 150 EUR (166.82 USD) | 15,000 CVE (150 USD) |
Sportswear  | 80 EUR (88.97 USD) | 8,000 CVE (80 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.08 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Children's Jeans  | 50 EUR (55.61 USD) | 3,000 CVE (30 USD) |
Children's Normal Sneakers  | 60 EUR (66.73 USD) | 4,000 CVE (40 USD) |
Children's Winter Coat  | 80 EUR (88.97 USD) | 5,000 CVE (50 USD) |
Daycare for Infant  | 1,000 EUR (1,112.10 USD) | 40,000 CVE (400 USD) |
Daycare for Toddler  | 800 EUR (889.68 USD) | 35,000 CVE (350 USD) |
Childcare for Sick Days  | 100 EUR (111.21 USD) | 12,000 CVE (120 USD) |
Early Childhood Education Programs  | 500 EUR (556.05 USD) | 60,000 CVE (600 USD) |
Extra Curricular Activities  | 200 EUR (222.42 USD) | 20,000 CVE (200 USD) |
Summer Camp for Kids  | 800 EUR (889.68 USD) | 50,000 CVE (500 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.74 times more for Childcare and kids clothing.
Indicators | Monaco | Cabo Verde |
|---|---|---|
PreSchool Fees  | 1,500 EUR (1,668.15 USD) | 30,000 CVE (300 USD) |
Primary School Fees  | 2,000 EUR (2,224.20 USD) | 50,000 CVE (500 USD) |
Secondary School Fees  | 3,000 EUR (3,336.30 USD) | 70,000 CVE (700 USD) |
Private School Fees  | 5,000 EUR (5,560.50 USD) | 150,000 CVE (1,500 USD) |
University Tuition Fees  | 20,000 EUR (22,242 USD) | 250,000 CVE (2,500 USD) |
University Private Tuition Fees  | 40,000 EUR (44,484 USD) | 400,000 CVE (4,000 USD) |
After School Activities  | 200 EUR (222.42 USD) | 20,000 CVE (200 USD) |
Special Education Services  | 400 EUR (444.84 USD) | 30,000 CVE (300 USD) |
Tutoring  | 100 EUR (111.21 USD) | 25,000 CVE (250 USD) |
Textbooks Cost  | 50 EUR (55.61 USD) | 15,000 CVE (150 USD) |
School Supplies  | 30 EUR (33.36 USD) | 8,000 CVE (80 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 7.67 times more for school and education.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Movie Ticket (Single)  | 15 EUR (16.68 USD) | 1,000 CVE (10 USD) |
Theater Ticket (Single)  | 50 EUR (55.61 USD) | 2,500 CVE (25 USD) |
Concert Ticket (Single)  | 60 EUR (66.73 USD) | 4,000 CVE (40 USD) |
Sports Event Ticket (Single)  | 50 EUR (55.61 USD) | 3,000 CVE (30 USD) |
Gym Membership  | 60 EUR (66.73 USD) | 5,000 CVE (50 USD) |
Swimming Pool Access  | 40 EUR (44.48 USD) | 4,000 CVE (40 USD) |
Museum Entry Ticket  | 10 EUR (11.12 USD) | 800 CVE (8 USD) |
Zoo Entry Ticket  | 20 EUR (22.24 USD) | 1,000 CVE (10 USD) |
Amusement Park Entry Ticket  | 30 EUR (33.36 USD) | 2,500 CVE (25 USD) |
Bowling  | 20 EUR (22.24 USD) | 1,500 CVE (15 USD) |
Mini Golf  | 15 EUR (16.68 USD) | 1,200 CVE (12 USD) |
Video Games  | 40 EUR (44.48 USD) | 7,000 CVE (70 USD) |
Streaming Services  | 15 EUR (16.68 USD) | 4,000 CVE (40 USD) |
Outdoor Equipment Rental  | 30 EUR (33.36 USD) | 1,500 CVE (15 USD) |
Theme Park Annual Pass  | 500 EUR (556.05 USD) | 20,000 CVE (200 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.80 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Language Classes  | 300 EUR (333.63 USD) | 25,000 CVE (250 USD) |
Parenting Classes  | 150 EUR (166.82 USD) | 15,000 CVE (150 USD) |
Art Classes  | 30 EUR (33.36 USD) | 2,500 CVE (25 USD) |
Fitness Classes  | 20 EUR (22.24 USD) | 1,500 CVE (15 USD) |
Music Lessons  | 50 EUR (55.61 USD) | 3,000 CVE (30 USD) |
Dance Lessons  | 50 EUR (55.61 USD) | 3,000 CVE (30 USD) |
Reading Materials for Classes  | 10 EUR (11.12 USD) | 1,000 CVE (10 USD) |
Educational Software  | 150 EUR (166.82 USD) | 18,000 CVE (180 USD) |
If you lived in Monaco, instead of Cabo Verde, you would have to pay 1.22 times more for Private Classes.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Average Gross Monthly Salary  | 5,000 EUR (5,560.50 USD) | 80,000 CVE (800 USD) |
Average Net Monthly Salary  | 3,500 EUR (3,892.35 USD) | 70,000 CVE (700 USD) |
Minimum Wages  | 66.67 EUR per hour (74.14 USD) | 1,333.33 CVE per hour (13.33 USD) |
Average Bonus  | 5,000 EUR (5,560.50 USD) | 20,000 CVE (200 USD) |
Income Tax Rate  | 0 to 20 % | 0 to 15 % |
Social Security Contributions  | Yet to Update | 10 % |
Pension Contributions  | Yet to Update | 8 % |
Cost of Living Index  | 12 | 60 |
Median Household Income  | 7,000 EUR (7,784.70 USD) | 150,000 CVE (1,500 USD) |
If you lived in Monaco, you would earn 7.12 times more salary as compared to Cabo Verde.
Indicators | Monaco | Cabo Verde |
|---|---|---|
Legal Consultation Per Hour Rate  | 300 EUR (333.63 USD) | 7,000 CVE (70 USD) |
Accounting Services Per Hour Rate  | 250 EUR (278.03 USD) | 5,000 CVE (50 USD) |
IT Support Services Per Hour Rate  | 200 EUR (222.42 USD) | 6,000 CVE (60 USD) |
Technician Services Per Hour Rate  | 150 EUR (166.82 USD) | 6,500 CVE (65 USD) |
Professional Services cost 4.09 times more in Monaco, as compared to Cabo Verde.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Cabo Verde.
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