Published: Monday, 21th October 2024
The cost of living in Monaco is 10.72 times more expensive as compared to Colombia.
On this page, you will find side-by-side cost comparison between Monaco and Colombia. 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 Colombia.
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 Indicators  | Monaco  | Colombia  |
|---|---|---|
1 BHK Apartment in City Center  | 3,500 EUR (3,892.35 USD) | 1,500,000 COP (360 USD) |
2 BHK Apartment in City Center  | 6,000 EUR (6,672.60 USD) | 2,500,000 COP (600 USD) |
3 BHK Apartment in City Center  | 9,000 EUR (10,008.90 USD) | 3,500,000 COP (840 USD) |
1 BHK Apartment outside City Center  | 2,500 EUR (2,780.25 USD) | 900,000 COP (216 USD) |
2 BHK Apartment outside City Center  | 4,000 EUR (4,448.40 USD) | 1,500,000 COP (360 USD) |
3 BHK Apartment outside City Center  | 6,000 EUR (6,672.60 USD) | 2,200,000 COP (528 USD) |
Mortgage Rates Per Month  | 1.5 % | 9 % |
Realtor Commission  | 5 % | 2 % |
Property Taxes  | Yet to Update | 0.3 to 1.6 % |
The average housing cost in Monaco is 11.73 times more expensive than Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Basic Home Furnishing  | 20,000 EUR (22,242 USD) | 1,200,000 COP (288 USD) |
Electricity Cost Per Month  | 100 EUR (111.21 USD) | 150,000 COP (36 USD) |
Heating Cost Per Month  | 150 EUR (166.82 USD) | 80,000 COP (19.20 USD) |
Cooling Cost Per Month  | 80 EUR (88.97 USD) | 100,000 COP (24 USD) |
Water Supply Cost Per Month  | 50 EUR (55.61 USD) | 50,000 COP (12 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 5876.95% more for Utilities.
The basic home furnishing in Monaco costs 77.23 times more compared to Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Standard Wifi Cost Per Month  | 60 EUR (66.73 USD) | 100,000 COP (24 USD) |
Mobile Phone Basic Plan Cost Per Month  | 40 EUR (44.48 USD) | 60,000 COP (14.40 USD) |
Landline Basic Plan Cost Per Month  | 30 EUR (33.36 USD) | 40,000 COP (9.60 USD) |
Cable TV Basic Plan Cost Per Month  | 80 EUR (88.97 USD) | 120,000 COP (28.80 USD) |
The internet and communication costs 204.09% more in Monaco compared to Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Long Grain Rice (1 KG)  | 3 EUR (3.34 USD) | 4,000 COP (0.96 USD) |
Milk (1 Liter)  | 1.50 EUR (1.67 USD) | 3,500 COP (0.84 USD) |
Water (1 Liter)  | 1 EUR (1.11 USD) | 1,000 COP (0.24 USD) |
Bread (500 gm)  | 2 EUR (2.22 USD) | 2,000 COP (0.48 USD) |
Eggs (1 Dozen)  | 3.50 EUR (3.89 USD) | 8,000 COP (1.92 USD) |
Cheese (1 KG)  | 8 EUR (8.90 USD) | 15,000 COP (3.60 USD) |
Chicken Breast (1 KG)  | 10 EUR (11.12 USD) | 12,000 COP (2.88 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 2.57 times more expensive than the cost in Colombia.
If you lived in Monaco, instead of Colombia, you would have to pay 195.34% more for Groceries.
Indicators | Monaco | Colombia |
|---|---|---|
Apples (1 KG)  | 3 EUR (3.34 USD) | 6,000 COP (1.44 USD) |
Bananas (1 KG)  | 2.50 EUR (2.78 USD) | 4,000 COP (0.96 USD) |
Oranges (1 KG)  | 3 EUR (3.34 USD) | 5,000 COP (1.20 USD) |
Tomatoes (1 KG)  | 3 EUR (3.34 USD) | 4,000 COP (0.96 USD) |
Potatoes (1 KG)  | 2 EUR (2.22 USD) | 3,000 COP (0.72 USD) |
Lemons (1 KG)  | 3.50 EUR (3.89 USD) | 8,000 COP (1.92 USD) |
Onions (1 KG)  | 2 EUR (2.22 USD) | 4,000 COP (0.96 USD) |
Lentils (1 KG)  | 3.50 EUR (3.89 USD) | 6,000 COP (1.44 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 2.61 times more for Fruits and Vegetables.
Indicators | Monaco | Colombia |
|---|---|---|
Meal at a Resonable Restaurant  | 20 EUR (22.24 USD) | 20,000 COP (4.80 USD) |
Three-Course Meal for Two  | 80 EUR (88.97 USD) | 80,000 COP (19.20 USD) |
Fast Food Combo Meal  | 8 EUR (8.90 USD) | 15,000 COP (3.60 USD) |
Normal Coffee  | 3 EUR (3.34 USD) | 5,000 COP (1.20 USD) |
Soft Drink  | 2.50 EUR (2.78 USD) | 2,000 COP (0.48 USD) |
Pizza for One  | 15 EUR (16.68 USD) | 30,000 COP (7.20 USD) |
Take-Out Delivery Meal  | 15 EUR (16.68 USD) | 25,000 COP (6 USD) |
Cigarette Pack of 20  | 7 EUR (7.78 USD) | 15,000 COP (3.60 USD) |
Dining-Out costs 263.22% more in Monaco compared to Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Wine Mid-Range Bottle  | 10 EUR (11.12 USD) | 50,000 COP (12 USD) |
Glass of Wine  | 5 EUR (5.56 USD) | 20,000 COP (4.80 USD) |
Domestic Beer Half Liter  | 3 EUR (3.34 USD) | 5,000 COP (1.20 USD) |
Imported Beer Half Liter  | 4 EUR (4.45 USD) | 10,000 COP (2.40 USD) |
Domestic Alcohol 1 Liter  | 10 EUR (11.12 USD) | 30,000 COP (7.20 USD) |
Branded Alcohol 1 Liter  | 30 EUR (33.36 USD) | 70,000 COP (16.80 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 1.55 times more for usual hard drinks.
Indicators | Monaco | Colombia |
|---|---|---|
Monthly Public Transportation Pass  | 30 EUR (33.36 USD) | 80,000 COP (19.20 USD) |
Single Public Transportation Ticket  | 1 EUR (1.11 USD) | 2,500 COP (0.60 USD) |
Single Train Ticket  | Yet to Update () | 80,000 COP (19.20 USD) |
Domestic Airplane Ticket  | 50 EUR (55.61 USD) | 250,000 COP (60 USD) |
Taxi Start Fare  | 10 EUR (11.12 USD) | 5,000 COP (1.20 USD) |
Taxi Rate Per Kilometer  | 2 EUR (2.22 USD) | 2,000 COP (0.48 USD) |
Car Rental Per Day  | 70 EUR (77.85 USD) | 120,000 COP (28.80 USD) |
Parking Fees in City Center Per Hour  | 10 EUR (11.12 USD) | 5,000 COP (1.20 USD) |
Parking Fees outside City Center Per Hour  | 5 EUR (5.56 USD) | 2,000 COP (0.48 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 1.51 times more for transportation.
Indicators | Monaco | Colombia |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 20,000 EUR (22,242 USD) | 30,000,000 COP (7,200 USD) |
Vehicle Registration Cost  | 500 EUR (556.05 USD) | 200,000 COP (48 USD) |
Driving License Fees  | 150 EUR (166.82 USD) | 150,000 COP (36 USD) |
Car Insurance Cost  | 1,000 EUR (1,112.10 USD) | 1,000,000 COP (240 USD) |
Car Maintenance Cost  | 500 EUR (556.05 USD) | 200,000 COP (48 USD) |
Car Loan Interest Rates  | 5 % | 11 % |
Fuel Per Liter  | 1.70 EUR (1.89 USD) | 10,000 COP (2.40 USD) |
Fuel Per Gallon  | 7 EUR (7.78 USD) | 40,000 COP (9.60 USD) |
Average Toll Fees  | Yet to Update | 10,000 COP 2.40 USD |
You would have to pay 3.25 times more for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Doctor Visit  | 150 EUR (166.82 USD) | 100,000 COP (24 USD) |
Specialist Visit  | 250 EUR (278.03 USD) | 200,000 COP (48 USD) |
Dentist Visit  | 200 EUR (222.42 USD) | 150,000 COP (36 USD) |
Eye Exam  | 100 EUR (111.21 USD) | 60,000 COP (14.40 USD) |
Mental Health Counseling  | 150 EUR (166.82 USD) | 120,000 COP (28.80 USD) |
Preventive Health Screening  | 100 EUR (111.21 USD) | 50,000 COP (12 USD) |
Physical Therapy  | 100 EUR (111.21 USD) | 100,000 COP (24 USD) |
Emergency Room Visit  | 500 EUR (556.05 USD) | 500,000 COP (120 USD) |
Hospital Stay Per Night  | 800 EUR (889.68 USD) | 700,000 COP (168 USD) |
Vaccinations  | 50 EUR (55.61 USD) | 30,000 COP (7.20 USD) |
Prescription Medication  | 50 EUR (55.61 USD) | 20,000 COP (4.80 USD) |
Over the Counter Medication  | 20 EUR (22.24 USD) | 10,000 COP (2.40 USD) |
Health Insurance Premiums  | 300 EUR (333.63 USD) | 300,000 COP (72 USD) |
Health Insurance Deductibles  | 200 EUR (222.42 USD) | 50,000 COP (12 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 5.76 times more for Health and Medical Treatment.
Indicators | Monaco | Colombia |
|---|---|---|
Cosmetic Procedures  | 1,000 EUR (1,112.10 USD) | 400,000 COP (96 USD) |
Spa Treatment  | 200 EUR (222.42 USD) | 200,000 COP (48 USD) |
Manicure Pedicure Cost  | 50 EUR (55.61 USD) | 50,000 COP (12 USD) |
Optical Glasses Cost  | 150 EUR (166.82 USD) | 150,000 COP (36 USD) |
Contact Lenses Cost  | 50 EUR (55.61 USD) | 80,000 COP (19.20 USD) |
Haircuts  | 25 EUR (27.80 USD) | 20,000 COP (4.80 USD) |
Hair Coloring  | 100 EUR (111.21 USD) | 100,000 COP (24 USD) |
Shampoo Price  | 5 EUR (5.56 USD) | 15,000 COP (3.60 USD) |
Toothpaste Price  | 3 EUR (3.34 USD) | 5,000 COP (1.20 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 7.19 times more for Personal Care Items and Treatment.
Indicators | Monaco | Colombia |
|---|---|---|
Pair of Nike Running Shoes  | 120 EUR (133.45 USD) | 350,000 COP (84 USD) |
Men's Shirt  | 60 EUR (66.73 USD) | 80,000 COP (19.20 USD) |
Women's Dress  | 80 EUR (88.97 USD) | 150,000 COP (36 USD) |
Summer Dress  | 60 EUR (66.73 USD) | 100,000 COP (24 USD) |
Men's Suit  | 300 EUR (333.63 USD) | 600,000 COP (144 USD) |
Men's Jeans  | 80 EUR (88.97 USD) | 150,000 COP (36 USD) |
Women's Jeans  | 80 EUR (88.97 USD) | 130,000 COP (31.20 USD) |
Men's Formal Shoes  | 120 EUR (133.45 USD) | 250,000 COP (60 USD) |
Women's Formal Shoes  | 120 EUR (133.45 USD) | 250,000 COP (60 USD) |
Men's Casual Shoes  | 80 EUR (88.97 USD) | 200,000 COP (48 USD) |
Women's Casual Shoes  | 80 EUR (88.97 USD) | 180,000 COP (43.20 USD) |
Underwear For Men  | 10 EUR (11.12 USD) | 30,000 COP (7.20 USD) |
Underwear For Women  | 15 EUR (16.68 USD) | 35,000 COP (8.40 USD) |
Socks For Men  | 5 EUR (5.56 USD) | 10,000 COP (2.40 USD) |
Socks For Women  | 5 EUR (5.56 USD) | 12,000 COP (2.88 USD) |
Wintercoat for Adults  | 150 EUR (166.82 USD) | 250,000 COP (60 USD) |
Sportswear  | 80 EUR (88.97 USD) | 200,000 COP (48 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 2.25 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Colombia |
|---|---|---|
Children's Jeans  | 50 EUR (55.61 USD) | 80,000 COP (19.20 USD) |
Children's Normal Sneakers  | 60 EUR (66.73 USD) | 100,000 COP (24 USD) |
Children's Winter Coat  | 80 EUR (88.97 USD) | 120,000 COP (28.80 USD) |
Daycare for Infant  | 1,000 EUR (1,112.10 USD) | 500,000 COP (120 USD) |
Daycare for Toddler  | 800 EUR (889.68 USD) | 400,000 COP (96 USD) |
Childcare for Sick Days  | 100 EUR (111.21 USD) | 50,000 COP (12 USD) |
Early Childhood Education Programs  | 500 EUR (556.05 USD) | 300,000 COP (72 USD) |
Extra Curricular Activities  | 200 EUR (222.42 USD) | 150,000 COP (36 USD) |
Summer Camp for Kids  | 800 EUR (889.68 USD) | 400,000 COP (96 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 7.92 times more for Childcare and kids clothing.
Indicators | Monaco | Colombia |
|---|---|---|
PreSchool Fees  | 1,500 EUR (1,668.15 USD) | 300,000 COP (72 USD) |
Primary School Fees  | 2,000 EUR (2,224.20 USD) | 800,000 COP (192 USD) |
Secondary School Fees  | 3,000 EUR (3,336.30 USD) | 1,000,000 COP (240 USD) |
Private School Fees  | 5,000 EUR (5,560.50 USD) | 1,500,000 COP (360 USD) |
University Tuition Fees  | 20,000 EUR (22,242 USD) | 2,500,000 COP (600 USD) |
University Private Tuition Fees  | 40,000 EUR (44,484 USD) | 4,000,000 COP (960 USD) |
After School Activities  | 200 EUR (222.42 USD) | 100,000 COP (24 USD) |
Special Education Services  | 400 EUR (444.84 USD) | 200,000 COP (48 USD) |
Tutoring  | 100 EUR (111.21 USD) | 70,000 COP (16.80 USD) |
Textbooks Cost  | 50 EUR (55.61 USD) | 80,000 COP (19.20 USD) |
School Supplies  | 30 EUR (33.36 USD) | 30,000 COP (7.20 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 31.66 times more for school and education.
Indicators | Monaco | Colombia |
|---|---|---|
Movie Ticket (Single)  | 15 EUR (16.68 USD) | 15,000 COP (3.60 USD) |
Theater Ticket (Single)  | 50 EUR (55.61 USD) | 50,000 COP (12 USD) |
Concert Ticket (Single)  | 60 EUR (66.73 USD) | 80,000 COP (19.20 USD) |
Sports Event Ticket (Single)  | 50 EUR (55.61 USD) | 60,000 COP (14.40 USD) |
Gym Membership  | 60 EUR (66.73 USD) | 100,000 COP (24 USD) |
Swimming Pool Access  | 40 EUR (44.48 USD) | 80,000 COP (19.20 USD) |
Museum Entry Ticket  | 10 EUR (11.12 USD) | 20,000 COP (4.80 USD) |
Zoo Entry Ticket  | 20 EUR (22.24 USD) | 25,000 COP (6 USD) |
Amusement Park Entry Ticket  | 30 EUR (33.36 USD) | 40,000 COP (9.60 USD) |
Bowling  | 20 EUR (22.24 USD) | 30,000 COP (7.20 USD) |
Mini Golf  | 15 EUR (16.68 USD) | 25,000 COP (6 USD) |
Video Games  | 40 EUR (44.48 USD) | 150,000 COP (36 USD) |
Streaming Services  | 15 EUR (16.68 USD) | 25,000 COP (6 USD) |
Outdoor Equipment Rental  | 30 EUR (33.36 USD) | 50,000 COP (12 USD) |
Theme Park Annual Pass  | 500 EUR (556.05 USD) | 600,000 COP (144 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 3.28 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Colombia |
|---|---|---|
Language Classes  | 300 EUR (333.63 USD) | 120,000 COP (28.80 USD) |
Parenting Classes  | 150 EUR (166.82 USD) | 80,000 COP (19.20 USD) |
Art Classes  | 30 EUR (33.36 USD) | 70,000 COP (16.80 USD) |
Fitness Classes  | 20 EUR (22.24 USD) | 40,000 COP (9.60 USD) |
Music Lessons  | 50 EUR (55.61 USD) | 100,000 COP (24 USD) |
Dance Lessons  | 50 EUR (55.61 USD) | 80,000 COP (19.20 USD) |
Reading Materials for Classes  | 10 EUR (11.12 USD) | 20,000 COP (4.80 USD) |
Educational Software  | 150 EUR (166.82 USD) | 150,000 COP (36 USD) |
If you lived in Monaco, instead of Colombia, you would have to pay 5.34 times more for Private Classes.
Indicators | Monaco | Colombia |
|---|---|---|
Average Gross Monthly Salary  | 5,000 EUR (5,560.50 USD) | 3,500,000 COP (840 USD) |
Average Net Monthly Salary  | 3,500 EUR (3,892.35 USD) | 2,500,000 COP (600 USD) |
Minimum Wages  | 66.67 EUR per hour (74.14 USD) | 43,333.33 COP per hour (10.40 USD) |
Average Bonus  | 5,000 EUR (5,560.50 USD) | 500,000 COP (120 USD) |
Income Tax Rate  | 0 to 20 % | 0 to 19 % |
Social Security Contributions  | Yet to Update | 16 % |
Pension Contributions  | Yet to Update | 12 % |
Cost of Living Index  | 12 | 48 |
Median Household Income  | 7,000 EUR (7,784.70 USD) | 2,000,000 COP (480 USD) |
If you lived in Monaco, you would earn 11.15 times more salary as compared to Colombia.
Indicators | Monaco | Colombia |
|---|---|---|
Legal Consultation Per Hour Rate  | 300 EUR (333.63 USD) | 300,000 COP (72 USD) |
Accounting Services Per Hour Rate  | 250 EUR (278.03 USD) | 200,000 COP (48 USD) |
IT Support Services Per Hour Rate  | 200 EUR (222.42 USD) | 150,000 COP (36 USD) |
Technician Services Per Hour Rate  | 150 EUR (166.82 USD) | 120,000 COP (28.80 USD) |
Professional Services cost 5.42 times more in Monaco, as compared to Colombia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Colombia.
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