Monaco is a diverse destination famed for its beauty, culture, food, and exciting activities, and this travel cost guide will help you plan the perfect trip without overspending. We've broken down average costs from past travelers, including where to stay, what to eat, and what to see, so that your trip is both affordable and unforgettable.
How much does it cost to travel to Monaco?
You should plan to spend around $271 (€249) per day on your vacation in Monaco. This is the average daily price based on the expenses of other visitors.
Past travelers have spent, on average for one day:
- $106 (€97) on meals
- $22 (€20) on local transportation
- $267 (€245) on hotels
A one week trip to Monaco for two people costs, on average, $3,799 (€3,486). This includes accommodation, food, local transportation, and sightseeing.
All of these average travel prices have been collected from other travelers to help you plan your own travel budget.
-
One Week
Per person
$1,899
€1,743
-
2 Weeks
Per person
$3,799
€3,486
-
One Month
Per person
$8,140
€7,470
-
One Week
For a couple
$3,799
€3,486
-
2 Weeks
For a couple
$7,598
€6,972
-
One Month
For a couple
$16,281
€14,940
How much does a one week, two week, or one month trip to Monaco cost?
A one week trip to Monaco usually costs around $1,899 (€1,743) for one person and $3,799 (€3,486) for two people. This includes accommodation, food, local transportation, and sightseeing.
A two week trip to Monaco on average costs around $3,799 (€3,486) for one person and $7,598 (€6,972) for two people. This cost includes accommodation, food, local transportation, and sightseeing.
Please note, prices can vary based on your travel style, speed, and other variables. If you're traveling as a family of three or four people, the price per person often goes down because kid's tickets are cheaper and hotel rooms can be shared. If you travel slower over a longer period of time then your daily budget will also go down. Two people traveling together for one month in Monaco will often have a lower daily budget per person than one person traveling alone for one week.
A one month trip to Monaco on average costs around $8,140 (€7,470) for one person and $16,281 (€14,940) for two people. The more places you visit, the higher the daily price will become due to increased transportation costs.
Independent Travel
Traveling Independently has many benefits including affordabilty, freedom, flexibility, and the opportunity to control your own experiences.
All of the travel costs below are based on the experiences of other independent travelers.
Is Monaco expensive to visit?
Monaco is a moderately priced destination to visit. It's about average with most other countries for travel costs. The prices for food, accommodation, and transportation are all fairly reasonable.
Within Europe, which is known to be an expensive region, Monaco is moderately priced compared to the other countries. The overall cost of travel here is comparable to Luxembourg or France.
Whether you're looking for luxury or traveling on a budget, Monaco has an array of accommodation and activities to suit your needs. Budget-friendly hotel options are available, but there are also luxury hotels that cater to the more affluent customer, along with mid-range hotels for families or couples.
If you're worried about costs in Monaco, there are ways to cut back, like eating at less expensive restaurants and enjoying free activities.
On average, budget travelers spend $118 (€109) per person per day, mid-range travelers spend $272 (€249) per day, and luxury travelers spend around $541 (€496) per day. These costs are calculated from the expenses of previous travelers to Monaco.
For more details, see Is Monaco Expensive?
How much money do I need for a trip to Monaco?
The average Monaco trip cost is broken down by category here for independent travelers. All of these Monaco travel prices are calculated from the budgets of real travelers. Also, you can see more details at How much does a trip to Monaco cost?
Monaco on a Budget
|
Category
|
Budget
|
Mid-Range
|
Luxury
|
Accommodation 1
For 1 person in double occupancy
|
$57
(€53)
|
$133
(€122)
|
$268
(€246)
|
|
Local Transportation 1
|
$9.54
(€8.75)
|
$22
(€20)
|
$43
(€40)
|
|
Food 2
|
$46
(€42)
|
$106
(€97)
|
$205
(€188)
|
|
Entertainment 1
|
$23
(€21)
|
$56
(€51)
|
$134
(€123)
|
|
Alcohol 2
|
$13-40
(€12-37)
|
$33-99
(€30-91)
|
$78-233
(€71-214)
|
Realistic Expectations for Your Travel Budget
Having realistic expectations about your travel budget is very important. While it's easy to think of yourself as a "budget" traveler who can see everything on a shoestring, most find this style of travel quite challenging. Think about what you truly enjoy and your previous travel experiences. Are you drawn to resorts and vacation rentals, or do you like the budget-friendly environment of hostels? How important is it for you to eat in nicer restaurants? The answers to these questions will influence your overall travel budget.
Who Exactly is a Budget Traveler?
You may have heard that it's possible to visit Monaco for around $118 a day, but if you want to maintain any level of comfort, you should be ready to spend considerably more.
While budget travelers might manage to travel on that amount, it often means staying in hostel dormitories, eating at budget restaurants or fast food joints, using public transport or walking, and sticking to free attractions.
Fortunately, Monaco has an abundance of hostels, particularly in the city center.
Are You Considered an Average Traveler?
For couples or families traveling for fun, it's common to stay in mid-range hotels, dine at well-known restaurants, and visit the big museums and attractions that charge entry fees. You won't want to miss all of the major sights and attractions. As most activities are not free, you'll be spending at least some money on your trip. Given this, a more realistic daily budget would be around $272 per person, per day.
What Luxury Travel Looks Like
If you're seeking a deluxe vacation that includes premium service and amenities, expect to pay around $541. This budget will cover luxurious hotels, award-winning dining, extravagant tours, and private transportation, landing you in the "luxury" travel range. You might even find yourself vacationing in high-end spots like the major cities and resort areas. Also, make the most of your time by booking a high-end multi-day tour such as French Heritage - offered by Insight Vacations.
Accommodation Budget in Monaco
The range of hotel prices in Monaco can be quite surprising, especially when you compare budget-friendly and luxury hotels. Peak season brings much higher prices, so consider traveling in the off-season for a more affordable experience. Booking in advance can also help with savings.
Calculated from travelers like you
The average price paid in Monaco for two people for a typical double-occupancy hotel room is $267 (€245). For one person sharing a room, the average price paid for a hotel room is $133 (€122) per night. These costs are from the reported spending of actual travelers.
Looking for a hotel in Monaco? Prices vary by location, date, season, and the level of luxury. See below for options.
Local Transportation Budget in Monaco
Calculated from travelers like you
-
On average, past travelers have spent $22 (€20) per person, per day, on local transportation in Monaco. The cost of a taxi ride or rideshare service (Uber/Lyft) in Monaco is significantly more than public transportation.
-
Local Transportation1
Taxis, local buses, subway, etc.
$22
€20
Food Budget in Monaco
Calculated from travelers like you
-
While restaurant and meal prices in Monaco can vary significantly, the average cost of food in Monaco is $106 (€97) per day, per person, based on the spending habits of previous travelers.
-
Food2
Meals for one day
$106
€97
When dining out, the average daily cost for food in Monaco is around $106 (€97) per person, with previous travelers spending from $46 to $205. Generally, breakfast and lunch cost less than dinner, but this will depend on the type of restaurant and what you order.
Typical meal prices in Monaco are as follows:
- Breakfast: $19 to $32
- Lunch: $16 to $53
- Dinner: $37 to $84
- Coffee: $9
- Fast Food or Street Food: $17
Dining out in Monaco is delicious but expensive. Some favorite restaurants include those found on the waterfront along the Port de Fontvieille or around the Casino. Eating out during the winter months may be slightly more affordable. If you are on a tight budget there are some small cafes throughout the city that serve simple meals such as pizza or hot dogs.
Barbagiuan: This is a sweet pastry appetizer that originated in Monaco but is served throughout the region. In Monaco, they are most often available on National Day. The pastries are filled with rice, cheese, leeks and either pumpkin or spinach.
Fougasse: Also a sweet pastry, this option is made with orange-infused dough that is topped with nuts and anise seeds.
Stocafi: A national dish of Monaco, this is made with dried cod that is stewed in tomato sauce. It is flavored with black olives and small vegetables.
If you're on a trip with children, keep an eye out for restaurants that have a childrens' menu. This can be a great money saver since those dishes are usually priced lower. Some restaurants may not include kids' options on their menus, so it's best to ask the waiter beforehand.
Most hotels include breakfast in their rates, though some add it as an additional cost. The price and quality can differ widely depending on the hotel. Knowing this in advance can help you determine if the hotel buffet is worth it or if a cheaper option at a nearby bakery or café is more suitable.
Take a water bottle with you rather than buying drinks everywhere you go. It's also great for the planet.
If you're planning to join a tour, check in advance about which meals are included. You may have to cover some food expenses on your own, which can stretch your budget.
Taking a food tour or cooking class is a great way to experience the culture in Monaco. After all, cuisine is one of the reasons why so many people visit. A few of the best culinary activities here include:
- From Nice: Monaco Night Tour with Dinner Option for $632 details
Sightseeing and Activities Budget in Monaco
Calculated from travelers like you
-
Sightseeing activities, entertainment, and entrance tickets in Monaco typically cost an average of $56 (€51) per person, per day based on the spending of previous travelers. This includes fees paid for admission tickets to museums and attractions, day tours, and other sightseeing expenses.
-
Entertainment1
Entrance tickets, shows, etc.
$56
€51
Local tours that last a few hours can be a great way to explore Monaco. Prices vary by the type of activity or tour, the dates, and the size of the group. Here are a few of the highest rated tours by previous visitors:
- Monaco & Monte Carlo tour - F1, Grace Kelly & Royal History for $151 details
- Private Tour: Personal Travel Photographer Tour in Monaco for $290 details
- Highlights & Secrets Walking Tour for $64 details
- Private Tour in Monaco for $54 details
Below are a few common prices for sightseeing and activity entry fees in Monaco, all of which are based on the reports of previous travelers. These figures should give you a rough estimate of what you can expect to pay. Keep in mind, though, your costs will vary depending on the activities you choose and whether you take advantage of free or budget-friendly options.
-
Show Tickets
€149
-
Grand Prix for Two
€101
Nightlife Budget in Monaco
Calculated from travelers like you
-
The average person spends about $66 (€61) on nightlife and alcoholic beverages in Monaco per day. The more you spend on alcohol, the more fun you might be having despite your higher budget.
-
Alcohol2
Drinks for one day
$66
€61
While partying at night is exciting, cutting down on alcohol can really reduce your travel expenses.
Tasting tours and nightlife activities are very popular in Monaco. A few of the favorites from previous visitors include:
- Private Distillery Day Tour for $10 details
- Nice: Wine Tasting Class in City Center for $72 details
Traveling in Monaco
Monaco
Monaco is a small city-state that is completely surrounded by France. The Italian Riviera is only a few kilometers to the east and the country enjoys a wonderful, Mediterranean climate. Monaco is also the second smallest independent state in the world, with the Vatican being the smallest. It is six times as large of the Vatican and also the world's most densely populated independent country. It is entirely urban and a fun place to spend a few days.
Monaco is divided into four areas. The old city is known as Monaco-Ville, Condamine is the port quarter, Monte-Carlo is a government district, and Fontvieille is known for its recreation and industry. Monaco is lacking in natural resources, but the climate and location make it a wonderful place to visit. Many businesses use it as a tax haven, while tourists take advantage of its resort-like atmosphere.
At A Glance
- The easiest and most enjoyable way to explore Monaco is on foot. There are some significant elevation changes, particularly around the Exotic Gardens, so these areas may involve more strenuous hiking. Some of the steeper slopes in the city are also served by free, public escalators and elevators. A pedestrian-only ferry also runs to Port Hercule and can be taken for just one Euro.
- If you have the money to spend, a fun activity is gambling at the Grand Casino, which is frequented by many of the world's rich and famous. A passport is required to enter and there is a wide range of entry fees depending on the room you wish to enter. Cheaper rooms start around thirty Euros and more expensive rooms can easily reach several hundred. For a smaller entry fee you can visit the casino without gambling. It is worth visiting if only to see the spectacular gaming rooms which have stained glass, paintings, and impressive sculptures. It is also important to realize that there is a very strictly enforced dress code. Men must wear coats and ties with no "casual" shoes.
- Monaco plays host to one of Europe's premier social events every year; the Formula 1 Grand Prix. It is organized by the Automobile Club of Monaco and takes competitors through 78 laps of Monte Carlo's narrow and twisting streets. The close proximity with which spectators can view the race is one of the main attractions. 3,000 seats are sold each year and Monaco residents will rent out their terracees for the event for large sums of money. If you're in town during the off season you can grab a map of the route from a tourist office and walk the course.
- Monaco is not a place to shop if you're on a budget. There are plenty of high end shops throughout the country though if you have money to spend. Chic clothes shops are found in the Golden Circle which is enclosed by Avenue Monte Carlo, Avenue des Beaux-Arts and Allees Lumieres. Here you will find Hermes, Christian Dior, Gucci and Prada. If you're looking for jewelry, head to the area near Place du Casino where Bulgari, Cartier and Chopard are located. If you aren't up for spending the money, it's still fun to window shop, which is a common activity among tourists. Shopping hours are from 9 am to 12 pm and 3 pm to 7 pm.
- Staying in Monaco is quite expensive. If you're on a tight budget you'll do better to head out of town and stay an hour or so away. Nice is only half an hour away and Ventimiglia is another more affordable seaside town near the French-Italian border on the Italy side.
Top Tourist Attractions
Monaco-Ville: This picturesque area is known as "the rock." It's a medieval village that is still made up almost exclusively of pedestrian streets and passageways. Many of the houses are historical, but there are also a good number of hotels, restaurants and souvenir shops that appeal to tourists. Sights within the area include the Prince's Palace, the Cathedral, the Oceanographic Museum, the City Hall, and the Saint Martin Gardens.
Palais Princier (the Prince's Palace): Located in Monaco-Ville, this palace is well worth a visit. There's a panoramic view that looks out on the Port and Monte-Carlo and a changing of the guard cermony takes place every day just before noon. There are also daily tours of the palace that run throughout the day.
Monaco Cathedral: Built in 1875 on the site of a 13th century church, this Cathedral is dedicated to Saint Nicolas. It houses the remains of former Princes of Monaco as well as Princess Grace.
We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.