Monaco · Europe · Population: 39,000
Monaco is one of the most unaffordable housing markets globally, with steady growth in property values. The city has one of the most expensive rental markets. At $4,500,000 average home price in Monaco, buyers should consider the 28.5x price-to-income ratio when planning a purchase.
| Average Home Price | $4,500,000 |
| Price per sqm | $52,000 |
| Price-to-Income Ratio | 28.5x |
| Mortgage Rate | 2.5% |
| 1-Year Price Change | +3.2% |
| 1-Bedroom Apartment | $5,500/mo |
| 3-Bedroom Apartment | $9,000/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $158,000/year |
| Years to Buy (at median income) | 28.5 years |
| Local Currency | EUR |
With a price-to-income ratio of 28.5x, Monaco is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have increased 3.2% in the past year.
Cities worldwide with home prices closest to Monaco
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network