Published: Monday, 21th October 2024
The cost of living in Monaco is 10.77 times more expensive as compared to Somalia.
On this page, you will find side-by-side cost comparison between Monaco and Somalia. 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 Somalia.
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Indicators | Monaco | Somalia |
---|---|---|
1 BHK Apartment in City Center | 3,500 EUR (3,892.35 USD) | 100,000 SOS (180 USD) |
2 BHK Apartment in City Center | 6,000 EUR (6,672.60 USD) | 150,000 SOS (270 USD) |
3 BHK Apartment in City Center | 9,000 EUR (10,008.90 USD) | 200,000 SOS (360 USD) |
1 BHK Apartment outside City Center | 2,500 EUR (2,780.25 USD) | 70,000 SOS (126 USD) |
2 BHK Apartment outside City Center | 4,000 EUR (4,448.40 USD) | 100,000 SOS (180 USD) |
3 BHK Apartment outside City Center | 6,000 EUR (6,672.60 USD) | 140,000 SOS (252 USD) |
Mortgage Rates Per Month | 1.5 % | 6 % |
Realtor Commission | 5 % | 2 % |
Property Taxes | Yet to Update | Yet to Update |
The average housing cost in Monaco is 24.97 times more expensive than Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Basic Home Furnishing | 20,000 EUR (22,242 USD) | 500,000 SOS (900 USD) |
Electricity Cost Per Month | 100 EUR (111.21 USD) | 20,000 SOS (36 USD) |
Heating Cost Per Month | 150 EUR (166.82 USD) | 15,000 SOS (27 USD) |
Cooling Cost Per Month | 80 EUR (88.97 USD) | 10,000 SOS (18 USD) |
Water Supply Cost Per Month | 50 EUR (55.61 USD) | 5,000 SOS (9 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 2189.35% more for Utilities.
The basic home furnishing in Monaco costs 24.71 times more compared to Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Standard Wifi Cost Per Month | 60 EUR (66.73 USD) | 8,000 SOS (14.40 USD) |
Mobile Phone Basic Plan Cost Per Month | 40 EUR (44.48 USD) | 10,000 SOS (18 USD) |
Landline Basic Plan Cost Per Month | 30 EUR (33.36 USD) | 7,000 SOS (12.60 USD) |
Cable TV Basic Plan Cost Per Month | 80 EUR (88.97 USD) | 15,000 SOS (27 USD) |
The internet and communication costs 224.36% more in Monaco compared to Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Long Grain Rice (1 KG) | 3 EUR (3.34 USD) | 80 SOS (0.14 USD) |
Milk (1 Liter) | 1.50 EUR (1.67 USD) | 90 SOS (0.16 USD) |
Water (1 Liter) | 1 EUR (1.11 USD) | 10 SOS (0.02 USD) |
Bread (500 gm) | 2 EUR (2.22 USD) | 50 SOS (0.09 USD) |
Eggs (1 Dozen) | 3.50 EUR (3.89 USD) | 120 SOS (0.22 USD) |
Cheese (1 KG) | 8 EUR (8.90 USD) | 150 SOS (0.27 USD) |
Chicken Breast (1 KG) | 10 EUR (11.12 USD) | 120 SOS (0.22 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 15.45 times more expensive than the cost in Somalia.
If you lived in Monaco, instead of Somalia, you would have to pay 2789.87% more for Groceries.
Indicators | Monaco | Somalia |
---|---|---|
Apples (1 KG) | 3 EUR (3.34 USD) | 70 SOS (0.13 USD) |
Bananas (1 KG) | 2.50 EUR (2.78 USD) | 50 SOS (0.09 USD) |
Oranges (1 KG) | 3 EUR (3.34 USD) | 80 SOS (0.14 USD) |
Tomatoes (1 KG) | 3 EUR (3.34 USD) | 60 SOS (0.11 USD) |
Potatoes (1 KG) | 2 EUR (2.22 USD) | 50 SOS (0.09 USD) |
Lemons (1 KG) | 3.50 EUR (3.89 USD) | 90 SOS (0.16 USD) |
Onions (1 KG) | 2 EUR (2.22 USD) | 70 SOS (0.13 USD) |
Lentils (1 KG) | 3.50 EUR (3.89 USD) | 80 SOS (0.14 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 25.28 times more for Fruits and Vegetables.
Indicators | Monaco | Somalia |
---|---|---|
Meal at a Resonable Restaurant | 20 EUR (22.24 USD) | 30,000 SOS (54 USD) |
Three-Course Meal for Two | 80 EUR (88.97 USD) | 100,000 SOS (180 USD) |
Fast Food Combo Meal | 8 EUR (8.90 USD) | 25,000 SOS (45 USD) |
Normal Coffee | 3 EUR (3.34 USD) | 5,000 SOS (9 USD) |
Soft Drink | 2.50 EUR (2.78 USD) | 3,000 SOS (5.40 USD) |
Pizza for One | 15 EUR (16.68 USD) | 30,000 SOS (54 USD) |
Take-Out Delivery Meal | 15 EUR (16.68 USD) | 25,000 SOS (45 USD) |
Cigarette Pack of 20 | 7 EUR (7.78 USD) | 100 SOS (0.18 USD) |
Dining-Out costs 57.37% less in Monaco compared to Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Wine Mid-Range Bottle | 10 EUR (11.12 USD) | 800 SOS (1.44 USD) |
Glass of Wine | 5 EUR (5.56 USD) | 60,000 SOS (108 USD) |
Domestic Beer Half Liter | 3 EUR (3.34 USD) | 50 SOS (0.09 USD) |
Imported Beer Half Liter | 4 EUR (4.45 USD) | 80 SOS (0.14 USD) |
Domestic Alcohol 1 Liter | 10 EUR (11.12 USD) | 300 SOS (0.54 USD) |
Branded Alcohol 1 Liter | 30 EUR (33.36 USD) | 500 SOS (0.90 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 1.61 times less for usual hard drinks.
Indicators | Monaco | Somalia |
---|---|---|
Monthly Public Transportation Pass | 30 EUR (33.36 USD) | 10,000 SOS (18 USD) |
Single Public Transportation Ticket | 1 EUR (1.11 USD) | 2,000 SOS (3.60 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 50 EUR (55.61 USD) | 200,000 SOS (360 USD) |
Taxi Start Fare | 10 EUR (11.12 USD) | 5,000 SOS (9 USD) |
Taxi Rate Per Kilometer | 2 EUR (2.22 USD) | 1,500 SOS (2.70 USD) |
Car Rental Per Day | 70 EUR (77.85 USD) | 60,000 SOS (108 USD) |
Parking Fees in City Center Per Hour | 10 EUR (11.12 USD) | 5,000 SOS (9 USD) |
Parking Fees outside City Center Per Hour | 5 EUR (5.56 USD) | 2,000 SOS (3.60 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 2.60 times less for transportation.
Indicators | Monaco | Somalia |
---|---|---|
Reasonable Vehicle Purchase Cost | 20,000 EUR (22,242 USD) | 3,000,000 SOS (5,400 USD) |
Vehicle Registration Cost | 500 EUR (556.05 USD) | 50,000 SOS (90 USD) |
Driving License Fees | 150 EUR (166.82 USD) | 10,000 SOS (18 USD) |
Car Insurance Cost | 1,000 EUR (1,112.10 USD) | 150,000 SOS (270 USD) |
Car Maintenance Cost | 500 EUR (556.05 USD) | 100,000 SOS (180 USD) |
Car Loan Interest Rates | 5 % | 7 % |
Fuel Per Liter | 1.70 EUR (1.89 USD) | 5,000 SOS (9 USD) |
Fuel Per Gallon | 7 EUR (7.78 USD) | 20,000 SOS (36 USD) |
Average Toll Fees | Yet to Update | 10,000 SOS 18 USD |
You would have to pay 4.09 times more for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Doctor Visit | 150 EUR (166.82 USD) | 20,000 SOS (36 USD) |
Specialist Visit | 250 EUR (278.03 USD) | 40,000 SOS (72 USD) |
Dentist Visit | 200 EUR (222.42 USD) | 25,000 SOS (45 USD) |
Eye Exam | 100 EUR (111.21 USD) | 10,000 SOS (18 USD) |
Mental Health Counseling | 150 EUR (166.82 USD) | 40,000 SOS (72 USD) |
Preventive Health Screening | 100 EUR (111.21 USD) | 20,000 SOS (36 USD) |
Physical Therapy | 100 EUR (111.21 USD) | 30,000 SOS (54 USD) |
Emergency Room Visit | 500 EUR (556.05 USD) | 50,000 SOS (90 USD) |
Hospital Stay Per Night | 800 EUR (889.68 USD) | 100,000 SOS (180 USD) |
Vaccinations | 50 EUR (55.61 USD) | 10,000 SOS (18 USD) |
Prescription Medication | 50 EUR (55.61 USD) | 15,000 SOS (27 USD) |
Over the Counter Medication | 20 EUR (22.24 USD) | 5,000 SOS (9 USD) |
Health Insurance Premiums | 300 EUR (333.63 USD) | 100,000 SOS (180 USD) |
Health Insurance Deductibles | 200 EUR (222.42 USD) | 200,000 SOS (360 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 2.76 times more for Health and Medical Treatment.
Indicators | Monaco | Somalia |
---|---|---|
Cosmetic Procedures | 1,000 EUR (1,112.10 USD) | 150,000 SOS (270 USD) |
Spa Treatment | 200 EUR (222.42 USD) | 50,000 SOS (90 USD) |
Manicure Pedicure Cost | 50 EUR (55.61 USD) | 10,000 SOS (18 USD) |
Optical Glasses Cost | 150 EUR (166.82 USD) | 30,000 SOS (54 USD) |
Contact Lenses Cost | 50 EUR (55.61 USD) | 15,000 SOS (27 USD) |
Haircuts | 25 EUR (27.80 USD) | 10,000 SOS (18 USD) |
Hair Coloring | 100 EUR (111.21 USD) | 20,000 SOS (36 USD) |
Shampoo Price | 5 EUR (5.56 USD) | 5,000 SOS (9 USD) |
Toothpaste Price | 3 EUR (3.34 USD) | 2,000 SOS (3.60 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 3.35 times more for Personal Care Items and Treatment.
Indicators | Monaco | Somalia |
---|---|---|
Pair of Nike Running Shoes | 120 EUR (133.45 USD) | 250,000 SOS (450 USD) |
Men's Shirt | 60 EUR (66.73 USD) | 50,000 SOS (90 USD) |
Women's Dress | 80 EUR (88.97 USD) | 80,000 SOS (144 USD) |
Summer Dress | 60 EUR (66.73 USD) | 60,000 SOS (108 USD) |
Men's Suit | 300 EUR (333.63 USD) | 200,000 SOS (360 USD) |
Men's Jeans | 80 EUR (88.97 USD) | 80,000 SOS (144 USD) |
Women's Jeans | 80 EUR (88.97 USD) | 80,000 SOS (144 USD) |
Men's Formal Shoes | 120 EUR (133.45 USD) | 100,000 SOS (180 USD) |
Women's Formal Shoes | 120 EUR (133.45 USD) | 100,000 SOS (180 USD) |
Men's Casual Shoes | 80 EUR (88.97 USD) | 70,000 SOS (126 USD) |
Women's Casual Shoes | 80 EUR (88.97 USD) | 70,000 SOS (126 USD) |
Underwear For Men | 10 EUR (11.12 USD) | 10,000 SOS (18 USD) |
Underwear For Women | 15 EUR (16.68 USD) | 10,000 SOS (18 USD) |
Socks For Men | 5 EUR (5.56 USD) | 5,000 SOS (9 USD) |
Socks For Women | 5 EUR (5.56 USD) | 5,000 SOS (9 USD) |
Wintercoat for Adults | 150 EUR (166.82 USD) | 120,000 SOS (216 USD) |
Sportswear | 80 EUR (88.97 USD) | 70,000 SOS (126 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 1.52 times less for Clothing and Footwear for Adults.
Indicators | Monaco | Somalia |
---|---|---|
Children's Jeans | 50 EUR (55.61 USD) | 30,000 SOS (54 USD) |
Children's Normal Sneakers | 60 EUR (66.73 USD) | 40,000 SOS (72 USD) |
Children's Winter Coat | 80 EUR (88.97 USD) | 50,000 SOS (90 USD) |
Daycare for Infant | 1,000 EUR (1,112.10 USD) | 30,000 SOS (54 USD) |
Daycare for Toddler | 800 EUR (889.68 USD) | 40,000 SOS (72 USD) |
Childcare for Sick Days | 100 EUR (111.21 USD) | 5,000 SOS (9 USD) |
Early Childhood Education Programs | 500 EUR (556.05 USD) | 40,000 SOS (72 USD) |
Extra Curricular Activities | 200 EUR (222.42 USD) | 10,000 SOS (18 USD) |
Summer Camp for Kids | 800 EUR (889.68 USD) | 30,000 SOS (54 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 8.07 times more for Childcare and kids clothing.
Indicators | Monaco | Somalia |
---|---|---|
PreSchool Fees | 1,500 EUR (1,668.15 USD) | 50,000 SOS (90 USD) |
Primary School Fees | 2,000 EUR (2,224.20 USD) | 80,000 SOS (144 USD) |
Secondary School Fees | 3,000 EUR (3,336.30 USD) | 100,000 SOS (180 USD) |
Private School Fees | 5,000 EUR (5,560.50 USD) | 200,000 SOS (360 USD) |
University Tuition Fees | 20,000 EUR (22,242 USD) | 500,000 SOS (900 USD) |
University Private Tuition Fees | 40,000 EUR (44,484 USD) | 800,000 SOS (1,440 USD) |
After School Activities | 200 EUR (222.42 USD) | 10,000 SOS (18 USD) |
Special Education Services | 400 EUR (444.84 USD) | 20,000 SOS (36 USD) |
Tutoring | 100 EUR (111.21 USD) | 5,000 SOS (9 USD) |
Textbooks Cost | 50 EUR (55.61 USD) | 3,000 SOS (5.40 USD) |
School Supplies | 30 EUR (33.36 USD) | 2,000 SOS (3.60 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 25.23 times more for school and education.
Indicators | Monaco | Somalia |
---|---|---|
Movie Ticket (Single) | 15 EUR (16.68 USD) | 10,000 SOS (18 USD) |
Theater Ticket (Single) | 50 EUR (55.61 USD) | 15,000 SOS (27 USD) |
Concert Ticket (Single) | 60 EUR (66.73 USD) | 25,000 SOS (45 USD) |
Sports Event Ticket (Single) | 50 EUR (55.61 USD) | 20,000 SOS (36 USD) |
Gym Membership | 60 EUR (66.73 USD) | 50,000 SOS (90 USD) |
Swimming Pool Access | 40 EUR (44.48 USD) | 10,000 SOS (18 USD) |
Museum Entry Ticket | 10 EUR (11.12 USD) | 5,000 SOS (9 USD) |
Zoo Entry Ticket | 20 EUR (22.24 USD) | 10,000 SOS (18 USD) |
Amusement Park Entry Ticket | 30 EUR (33.36 USD) | 20,000 SOS (36 USD) |
Bowling | 20 EUR (22.24 USD) | 5,000 SOS (9 USD) |
Mini Golf | 15 EUR (16.68 USD) | 5,000 SOS (9 USD) |
Video Games | 40 EUR (44.48 USD) | 40,000 SOS (72 USD) |
Streaming Services | 15 EUR (16.68 USD) | 10,000 SOS (18 USD) |
Outdoor Equipment Rental | 30 EUR (33.36 USD) | 15,000 SOS (27 USD) |
Theme Park Annual Pass | 500 EUR (556.05 USD) | 100,000 SOS (180 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 1.74 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Somalia |
---|---|---|
Language Classes | 300 EUR (333.63 USD) | 15,000 SOS (27 USD) |
Parenting Classes | 150 EUR (166.82 USD) | 5,000 SOS (9 USD) |
Art Classes | 30 EUR (33.36 USD) | 8,000 SOS (14.40 USD) |
Fitness Classes | 20 EUR (22.24 USD) | 7,000 SOS (12.60 USD) |
Music Lessons | 50 EUR (55.61 USD) | 10,000 SOS (18 USD) |
Dance Lessons | 50 EUR (55.61 USD) | 12,000 SOS (21.60 USD) |
Reading Materials for Classes | 10 EUR (11.12 USD) | 2,000 SOS (3.60 USD) |
Educational Software | 150 EUR (166.82 USD) | 5,000 SOS (9 USD) |
If you lived in Monaco, instead of Somalia, you would have to pay 7.34 times more for Private Classes.
Indicators | Monaco | Somalia |
---|---|---|
Average Gross Monthly Salary | 5,000 EUR (5,560.50 USD) | 100,000 SOS (180 USD) |
Average Net Monthly Salary | 3,500 EUR (3,892.35 USD) | 75,000 SOS (135 USD) |
Minimum Wages | 66.67 EUR per hour (74.14 USD) | 1,000 SOS per hour (1.80 USD) |
Average Bonus | 5,000 EUR (5,560.50 USD) | 15,000 SOS (27 USD) |
Income Tax Rate | 0 to 20 % | 0 to 10 % |
Social Security Contributions | Yet to Update | 5 % |
Pension Contributions | Yet to Update | 3 % |
Cost of Living Index | 12 | 50 |
Median Household Income | 7,000 EUR (7,784.70 USD) | 80,000 SOS (144 USD) |
If you lived in Monaco, you would earn 46.89 times more salary as compared to Somalia.
Indicators | Monaco | Somalia |
---|---|---|
Legal Consultation Per Hour Rate | 300 EUR (333.63 USD) | 10,000 SOS (18 USD) |
Accounting Services Per Hour Rate | 250 EUR (278.03 USD) | 8,000 SOS (14.40 USD) |
IT Support Services Per Hour Rate | 200 EUR (222.42 USD) | 7,000 SOS (12.60 USD) |
Technician Services Per Hour Rate | 150 EUR (166.82 USD) | 6,000 SOS (10.80 USD) |
Professional Services cost 17.94 times more in Monaco, as compared to Somalia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Somalia.
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