Average Salary in Monaco 2026
Currency: EUR · Updated for 2026
How much money does a person working in Monaco make?
Average Monthly Salary
5,164 EUR
( 61,968 EUR yearly )
~ 5,613 USD per month ( 67,356 USD yearly )
LOW
1,033 EUR
1,123 USD
AVERAGE
5,164 EUR
5,613 USD
HIGH
20,656 EUR
22,452 USD
A person working in Monaco typically earns around 5,164 EUR per month. Salaries range from 1,033 EUR (lowest average) to 20,656 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in Monaco
Median and salary distribution monthly Monaco
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What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated.
The median (4,389 EUR) represents the middle salary value — 50% earn more and 50% earn less. The average (5,164 EUR) is the sum of all salaries divided by the number of workers, and can be skewed by extremely high or low salaries.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
- 0–2 Years (Entry Level)30,984 EUR
- 2–5 Years (Junior)40,279 EUR
- 5–10 Years (Mid-Career)52,673 EUR
- 10–15 Years (Experienced)61,968 EUR
- 15+ Years (Senior)74,361 EUR
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average +30% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average +31% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by +18% and an additional +20% for those who have crossed the 15 years mark.
“On average, a person's salary doubles their starting salary by the time they cross the 10 years experience mark.”
Salary Comparison By Education
How does the education level affect your salary?
- High School37,181 EUR
- Certificate43,377 EUR
- Associate49,574 EUR
- Bachelor's61,968 EUR
- Master's74,361 EUR
- PhD86,754 EUR
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High School → Certificate
+17%
Certificate → Bachelor's
+43%
Bachelor's → Master's
+20%
Master's → PhD
+17%
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average +17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn +43% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are +20% more than those with a Bachelor's Degree.
Finally, PhD holders earn +17% more than Master's Degree holders on average.
Salary Comparison By Gender
Salary comparison by gender monthly Monaco
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Monaco earn 9% more than their female counterparts on average across all sectors.
Average Annual Salary Increment Percentage in Monaco
How much are annual salary increments? How often do employees get salary raises?
10%
Average Raise
18 months
Review Frequency
5%
Annualized Increase
Employees in Monaco are likely to observe a salary increase of approximately 10% every 18 months.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
The average salary increase in one year (12 months) in Monaco is 5%.
Bonus and Incentive Rates in Monaco
How much and how often are bonuses being awarded?
53%
Received Bonus
47%
No Bonus
53% of surveyed staff in Monaco reported receiving at least one form of monetary bonus.
Average Bonus Rate
4%
of annual salary
Types of Bonuses Considered:
• Individual Performance-Based Bonuses
• Company Performance Bonuses
• Goal-Based Bonuses
• Holiday / End of Year Bonuses
Top 5 Highest Paying Industries
Annual average salaries
- Legal83,657 EUR
- Aviation80,558 EUR
- Information Technology80,558 EUR
- Banking77,459 EUR
- Pharmaceuticals77,459 EUR
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Salaries for Popular Jobs
Sample job titles and their average salaries
| Job Title | Annual Salary | Monthly Salary |
|---|---|---|
| Surgeon | 154,919 EUR | 12,910 EUR |
| Pilot | 123,935 EUR | 10,328 EUR |
| Software Developer | 111,542 EUR | 9,295 EUR |
| Data Scientist | 105,345 EUR | 8,779 EUR |
| Financial Manager | 99,148 EUR | 8,263 EUR |
| Database Administrator | 92,951 EUR | 7,746 EUR |
| Engineer | 86,754 EUR | 7,229 EUR |
| Marketing Manager | 80,558 EUR | 6,713 EUR |
| Project Manager | 77,459 EUR | 6,455 EUR |
| Accountant | 68,165 EUR | 5,680 EUR |
| Hotel Manager | 61,968 EUR | 5,164 EUR |
| Nurse | 55,770 EUR | 4,648 EUR |
| Graphic Designer | 52,673 EUR | 4,389 EUR |
| Chef | 46,476 EUR | 3,873 EUR |
| Teacher | 43,377 EUR | 3,615 EUR |
Salary Comparison By City
Average annual salaries by city
| City | Average Salary |
|---|---|
| Monaco | 71,262 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more?
4,905 EUR
Private Sector
5,422 EUR
Public Sector
+11%
Public sector employees in Monaco earn 11% more than their private sector counterparts on average across all sectors.
Average Hourly Wage in Monaco
29 EUR
per hour
The average hourly wage (pay per hour) in Monaco is 29 EUR. This means that the average person in Monaco earns approximately 29 EUR for every worked hour. Hourly Wage = Annual Salary ÷ (52 × 5 × 8)
Cost of Living in Monaco
Estimated monthly expenses
Rent
1,098 EUR
/month
Food
351 EUR
/month
Transport
132 EUR
/month
Utilities
176 EUR
/month
Compare Your Salary
See how your salary compares with the average in Monaco and explore top-paying jobs.