Published: Monday, 21th October 2024
The cost of living in Monaco is 2.40 times more expensive as compared to Marshall Islands.
On this page, you will find side-by-side cost comparison between Monaco and Marshall Islands. 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 Marshall Islands.
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Indicators | Monaco | Marshall Islands |
---|---|---|
1 BHK Apartment in City Center | 3,500 EUR (3,892.35 USD) | 1,200 USD |
2 BHK Apartment in City Center | 6,000 EUR (6,672.60 USD) | 2,200 USD |
3 BHK Apartment in City Center | 9,000 EUR (10,008.90 USD) | 3,000 USD |
1 BHK Apartment outside City Center | 2,500 EUR (2,780.25 USD) | 800 USD |
2 BHK Apartment outside City Center | 4,000 EUR (4,448.40 USD) | 1,500 USD |
3 BHK Apartment outside City Center | 6,000 EUR (6,672.60 USD) | 2,200 USD |
Mortgage Rates Per Month | 1.5 % | 1.3 % |
Realtor Commission | 5 % | 2 % |
Property Taxes | Yet to Update | Yet to Update |
The average housing cost in Monaco is 3.19 times more expensive than Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Basic Home Furnishing | 20,000 EUR (22,242 USD) | 4,000 USD |
Electricity Cost Per Month | 100 EUR (111.21 USD) | 150 USD |
Heating Cost Per Month | 150 EUR (166.82 USD) | 120 USD |
Cooling Cost Per Month | 80 EUR (88.97 USD) | 100 USD |
Water Supply Cost Per Month | 50 EUR (55.61 USD) | 50 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 412.77% more for Utilities.
The basic home furnishing in Monaco costs 5.56 times more compared to Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Standard Wifi Cost Per Month | 60 EUR (66.73 USD) | 50 USD |
Mobile Phone Basic Plan Cost Per Month | 40 EUR (44.48 USD) | 40 USD |
Landline Basic Plan Cost Per Month | 30 EUR (33.36 USD) | 20 USD |
Cable TV Basic Plan Cost Per Month | 80 EUR (88.97 USD) | 60 USD |
The internet and communication costs 37.38% more in Monaco compared to Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Long Grain Rice (1 KG) | 3 EUR (3.34 USD) | 3 USD |
Milk (1 Liter) | 1.50 EUR (1.67 USD) | 2 USD |
Water (1 Liter) | 1 EUR (1.11 USD) | 1 USD |
Bread (500 gm) | 2 EUR (2.22 USD) | 1.50 USD |
Eggs (1 Dozen) | 3.50 EUR (3.89 USD) | 4.50 USD |
Cheese (1 KG) | 8 EUR (8.90 USD) | 10 USD |
Chicken Breast (1 KG) | 10 EUR (11.12 USD) | 12 USD |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 1.08 times less expensive than the cost in Marshall Islands.
If you lived in Monaco, instead of Marshall Islands, you would have to pay 5.14% less for Groceries.
Indicators | Monaco | Marshall Islands |
---|---|---|
Apples (1 KG) | 3 EUR (3.34 USD) | 4 USD |
Bananas (1 KG) | 2.50 EUR (2.78 USD) | 3 USD |
Oranges (1 KG) | 3 EUR (3.34 USD) | 3.50 USD |
Tomatoes (1 KG) | 3 EUR (3.34 USD) | 3 USD |
Potatoes (1 KG) | 2 EUR (2.22 USD) | 2.50 USD |
Lemons (1 KG) | 3.50 EUR (3.89 USD) | 4 USD |
Onions (1 KG) | 2 EUR (2.22 USD) | 2.50 USD |
Lentils (1 KG) | 3.50 EUR (3.89 USD) | 3 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.02 times less for Fruits and Vegetables.
Indicators | Monaco | Marshall Islands |
---|---|---|
Meal at a Resonable Restaurant | 20 EUR (22.24 USD) | 20 USD |
Three-Course Meal for Two | 80 EUR (88.97 USD) | 60 USD |
Fast Food Combo Meal | 8 EUR (8.90 USD) | 8 USD |
Normal Coffee | 3 EUR (3.34 USD) | 3 USD |
Soft Drink | 2.50 EUR (2.78 USD) | 2 USD |
Pizza for One | 15 EUR (16.68 USD) | 15 USD |
Take-Out Delivery Meal | 15 EUR (16.68 USD) | 15 USD |
Cigarette Pack of 20 | 7 EUR (7.78 USD) | 8 USD |
Dining-Out costs 27.76% more in Monaco compared to Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Wine Mid-Range Bottle | 10 EUR (11.12 USD) | 20 USD |
Glass of Wine | 5 EUR (5.56 USD) | 6 USD |
Domestic Beer Half Liter | 3 EUR (3.34 USD) | 3 USD |
Imported Beer Half Liter | 4 EUR (4.45 USD) | 5 USD |
Domestic Alcohol 1 Liter | 10 EUR (11.12 USD) | 20 USD |
Branded Alcohol 1 Liter | 30 EUR (33.36 USD) | 35 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.29 times less for usual hard drinks.
Indicators | Monaco | Marshall Islands |
---|---|---|
Monthly Public Transportation Pass | 30 EUR (33.36 USD) | 40 USD |
Single Public Transportation Ticket | 1 EUR (1.11 USD) | 2 USD |
Single Train Ticket | Yet to Update () | Yet to Update |
Domestic Airplane Ticket | 50 EUR (55.61 USD) | 200 USD |
Taxi Start Fare | 10 EUR (11.12 USD) | 7 USD |
Taxi Rate Per Kilometer | 2 EUR (2.22 USD) | 2.50 USD |
Car Rental Per Day | 70 EUR (77.85 USD) | 40 USD |
Parking Fees in City Center Per Hour | 10 EUR (11.12 USD) | 3 USD |
Parking Fees outside City Center Per Hour | 5 EUR (5.56 USD) | 1.50 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.50 times less for transportation.
Indicators | Monaco | Marshall Islands |
---|---|---|
Reasonable Vehicle Purchase Cost | 20,000 EUR (22,242 USD) | 25,000 USD |
Vehicle Registration Cost | 500 EUR (556.05 USD) | 150 USD |
Driving License Fees | 150 EUR (166.82 USD) | 70 USD |
Car Insurance Cost | 1,000 EUR (1,112.10 USD) | 400 USD |
Car Maintenance Cost | 500 EUR (556.05 USD) | 250 USD |
Car Loan Interest Rates | 5 % | 6 % |
Fuel Per Liter | 1.70 EUR (1.89 USD) | 1.80 USD |
Fuel Per Gallon | 7 EUR (7.78 USD) | 7 USD |
Average Toll Fees | Yet to Update | Yet to Update |
You would have to pay 1.05 times less for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Doctor Visit | 150 EUR (166.82 USD) | 60 USD |
Specialist Visit | 250 EUR (278.03 USD) | 90 USD |
Dentist Visit | 200 EUR (222.42 USD) | 70 USD |
Eye Exam | 100 EUR (111.21 USD) | 50 USD |
Mental Health Counseling | 150 EUR (166.82 USD) | 90 USD |
Preventive Health Screening | 100 EUR (111.21 USD) | 70 USD |
Physical Therapy | 100 EUR (111.21 USD) | 80 USD |
Emergency Room Visit | 500 EUR (556.05 USD) | 200 USD |
Hospital Stay Per Night | 800 EUR (889.68 USD) | 300 USD |
Vaccinations | 50 EUR (55.61 USD) | 50 USD |
Prescription Medication | 50 EUR (55.61 USD) | 20 USD |
Over the Counter Medication | 20 EUR (22.24 USD) | 10 USD |
Health Insurance Premiums | 300 EUR (333.63 USD) | 150 USD |
Health Insurance Deductibles | 200 EUR (222.42 USD) | 50 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 2.56 times more for Health and Medical Treatment.
Indicators | Monaco | Marshall Islands |
---|---|---|
Cosmetic Procedures | 1,000 EUR (1,112.10 USD) | 300 USD |
Spa Treatment | 200 EUR (222.42 USD) | 80 USD |
Manicure Pedicure Cost | 50 EUR (55.61 USD) | 30 USD |
Optical Glasses Cost | 150 EUR (166.82 USD) | 120 USD |
Contact Lenses Cost | 50 EUR (55.61 USD) | 50 USD |
Haircuts | 25 EUR (27.80 USD) | 20 USD |
Hair Coloring | 100 EUR (111.21 USD) | 60 USD |
Shampoo Price | 5 EUR (5.56 USD) | 5 USD |
Toothpaste Price | 3 EUR (3.34 USD) | 3 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 2.64 times more for Personal Care Items and Treatment.
Indicators | Monaco | Marshall Islands |
---|---|---|
Pair of Nike Running Shoes | 120 EUR (133.45 USD) | 100 USD |
Men's Shirt | 60 EUR (66.73 USD) | 35 USD |
Women's Dress | 80 EUR (88.97 USD) | 70 USD |
Summer Dress | 60 EUR (66.73 USD) | 50 USD |
Men's Suit | 300 EUR (333.63 USD) | 200 USD |
Men's Jeans | 80 EUR (88.97 USD) | 60 USD |
Women's Jeans | 80 EUR (88.97 USD) | 60 USD |
Men's Formal Shoes | 120 EUR (133.45 USD) | 100 USD |
Women's Formal Shoes | 120 EUR (133.45 USD) | 100 USD |
Men's Casual Shoes | 80 EUR (88.97 USD) | 70 USD |
Women's Casual Shoes | 80 EUR (88.97 USD) | 70 USD |
Underwear For Men | 10 EUR (11.12 USD) | 12 USD |
Underwear For Women | 15 EUR (16.68 USD) | 15 USD |
Socks For Men | 5 EUR (5.56 USD) | 5 USD |
Socks For Women | 5 EUR (5.56 USD) | 5 USD |
Wintercoat for Adults | 150 EUR (166.82 USD) | 120 USD |
Sportswear | 80 EUR (88.97 USD) | 60 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.42 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Marshall Islands |
---|---|---|
Children's Jeans | 50 EUR (55.61 USD) | 35 USD |
Children's Normal Sneakers | 60 EUR (66.73 USD) | 50 USD |
Children's Winter Coat | 80 EUR (88.97 USD) | 70 USD |
Daycare for Infant | 1,000 EUR (1,112.10 USD) | 500 USD |
Daycare for Toddler | 800 EUR (889.68 USD) | 450 USD |
Childcare for Sick Days | 100 EUR (111.21 USD) | 100 USD |
Early Childhood Education Programs | 500 EUR (556.05 USD) | 200 USD |
Extra Curricular Activities | 200 EUR (222.42 USD) | 250 USD |
Summer Camp for Kids | 800 EUR (889.68 USD) | 500 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.85 times more for Childcare and kids clothing.
Indicators | Monaco | Marshall Islands |
---|---|---|
PreSchool Fees | 1,500 EUR (1,668.15 USD) | 600 USD |
Primary School Fees | 2,000 EUR (2,224.20 USD) | 1,200 USD |
Secondary School Fees | 3,000 EUR (3,336.30 USD) | 1,800 USD |
Private School Fees | 5,000 EUR (5,560.50 USD) | 2,500 USD |
University Tuition Fees | 20,000 EUR (22,242 USD) | 8,000 USD |
University Private Tuition Fees | 40,000 EUR (44,484 USD) | 12,000 USD |
After School Activities | 200 EUR (222.42 USD) | 300 USD |
Special Education Services | 400 EUR (444.84 USD) | 250 USD |
Tutoring | 100 EUR (111.21 USD) | 100 USD |
Textbooks Cost | 50 EUR (55.61 USD) | 60 USD |
School Supplies | 30 EUR (33.36 USD) | 40 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 2.99 times more for school and education.
Indicators | Monaco | Marshall Islands |
---|---|---|
Movie Ticket (Single) | 15 EUR (16.68 USD) | 10 USD |
Theater Ticket (Single) | 50 EUR (55.61 USD) | 20 USD |
Concert Ticket (Single) | 60 EUR (66.73 USD) | 40 USD |
Sports Event Ticket (Single) | 50 EUR (55.61 USD) | 50 USD |
Gym Membership | 60 EUR (66.73 USD) | 50 USD |
Swimming Pool Access | 40 EUR (44.48 USD) | 30 USD |
Museum Entry Ticket | 10 EUR (11.12 USD) | 10 USD |
Zoo Entry Ticket | 20 EUR (22.24 USD) | 15 USD |
Amusement Park Entry Ticket | 30 EUR (33.36 USD) | 25 USD |
Bowling | 20 EUR (22.24 USD) | 15 USD |
Mini Golf | 15 EUR (16.68 USD) | 10 USD |
Video Games | 40 EUR (44.48 USD) | 60 USD |
Streaming Services | 15 EUR (16.68 USD) | 15 USD |
Outdoor Equipment Rental | 30 EUR (33.36 USD) | 30 USD |
Theme Park Annual Pass | 500 EUR (556.05 USD) | 300 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.56 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Marshall Islands |
---|---|---|
Language Classes | 300 EUR (333.63 USD) | 150 USD |
Parenting Classes | 150 EUR (166.82 USD) | 100 USD |
Art Classes | 30 EUR (33.36 USD) | 60 USD |
Fitness Classes | 20 EUR (22.24 USD) | 30 USD |
Music Lessons | 50 EUR (55.61 USD) | 50 USD |
Dance Lessons | 50 EUR (55.61 USD) | 50 USD |
Reading Materials for Classes | 10 EUR (11.12 USD) | 15 USD |
Educational Software | 150 EUR (166.82 USD) | 100 USD |
If you lived in Monaco, instead of Marshall Islands, you would have to pay 1.52 times more for Private Classes.
Indicators | Monaco | Marshall Islands |
---|---|---|
Average Gross Monthly Salary | 5,000 EUR (5,560.50 USD) | 2,500 USD |
Average Net Monthly Salary | 3,500 EUR (3,892.35 USD) | 2,000 USD |
Minimum Wages | 66.67 EUR per hour (74.14 USD) | 40 USD per hour |
Average Bonus | 5,000 EUR (5,560.50 USD) | 500 USD |
Income Tax Rate | 0 to 20 % | 0 % |
Social Security Contributions | Yet to Update | 8 % |
Pension Contributions | Yet to Update | 5 % |
Cost of Living Index | 12 | 80 |
Median Household Income | 7,000 EUR (7,784.70 USD) | 1,800 USD |
If you lived in Monaco, you would earn 3.34 times more salary as compared to Marshall Islands.
Indicators | Monaco | Marshall Islands |
---|---|---|
Legal Consultation Per Hour Rate | 300 EUR (333.63 USD) | 150 USD |
Accounting Services Per Hour Rate | 250 EUR (278.03 USD) | 120 USD |
IT Support Services Per Hour Rate | 200 EUR (222.42 USD) | 100 USD |
Technician Services Per Hour Rate | 150 EUR (166.82 USD) | 120 USD |
Professional Services cost 2.04 times more in Monaco, as compared to Marshall Islands.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Marshall Islands.
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