What is the average salary in Monaco ?
The average gross salary in Monaco reaches €5,195 per month in the private sector, according to the 2025 data published by IMSEE, the official statistics institute of the Principality, in spring 2026. This figure rises 5.4% (+€265) compared with 2024. It covers full-time equivalent pay, including bonuses, before employee deductions, and comes from the records of the Caisses Sociales de Monaco.
The median gross salary stands at €3,475 per month, up 4.1% (+€136). Half of the employees earn less than this amount, and half earn more.
The figures describe the private sector, which gathers nearly 65,000 of the 77,866 jobs counted in Monaco at the end of 2025 (83.2%). The civil service counts 5,393 jobs (6.9%) and self-employed workers 7,703 (9.9%).
Yearly equivalents come from our own calculation, based on twelve months of pay. Websites that quote a lower average, such as survey platforms, rely on declarations from respondents. The IMSEE figures come from social security records and serve as the reference.
Average salary versus median salary in Monaco
The average stands €1,720 above the median in Monaco. This gap comes from a small group of very high salaries, mainly in finance, which lift the average but leave the median unchanged. In 2025, 3.3% of employees earn between €10,000 and €15,000 per month, and 2.9% earn more than €15,000.
The median describes a typical situation better. A gross salary of €3,475 places an employee at the middle of the private sector, while the average of €5,195 reflects the weight of senior roles.
The 2024 edition of the study also gives the thresholds of the pay scale: 10% of employees earn less than €2,302 per month, and 10% earn more than €7,505. Low salaries grow faster than high ones in this edition (+2.7% against +2.2%).
Average salary in Monaco by sector
Pay depends first on the sector. Finance and insurance stands far above the other activities, while administrative and support services closes the table. The Principality also counts information technology, telecommunications and media as a separate category since the 2026 edition of Monaco en chiffres.
Average and median salary by sector in 2025
The finance average of €11,360 sits almost €4,000 above the next sector. The median of the same sector reaches €6,858, which shows that high pay in this sector extends beyond a few executives. The median of other service activities stands at €3,028.
Jobs that pay above and below the average
Salary surveys give a view by job title. The platform Paylab reports an average of €4,746 per month in Monaco, based on respondents, with the figures below for selected positions. Treat them as indications, since the sample and the year differ from the IMSEE study.
Minimum wage in Monaco in 2026
Monaco applies a minimum hourly wage aligned with the French SMIC. Since 1 June 2026, the gross rate reaches €12.31 per hour, after €12.02 from 1 January 2026. The legal week counts 39 hours in Monaco, against 35 hours in France, which raises the monthly amount for the same hourly rate.
Monthly amounts for the last three rows come from our calculation (hourly rate × 169 hours), and match the published figure of €1,968.85 for January 2024. The minimum wage for under-18 workers follows reduced rates. The yearly gross amount at the minimum wage reaches about €24,965.
Gross salary versus net salary in Monaco
In Monaco, the difference between gross and net pay comes mostly from employee social contributions. Residents pay no personal income tax, with the exception of French nationals, who remain subject to French income tax under the 1963 Franco-Monegasque convention. Our guide on the tax rate in Monaco details these rules.
Monaco Tribune estimates employee contributions at about 13% of gross pay for a minimum wage worker, against about 20% in France. At the minimum wage of €2,080.39 gross, this gives a net salary of about €1,810 per month. This is an illustration: contribution rates change with the pay level and the situation of the employee, so the payslip remains the reference for your own case.
To benefit from the absence of income tax, you need a residence in the Principality. Read our guide to become a resident in Monaco to understand the steps and the supporting documents.
Salary in Monaco by age and gender
Median salary by age
Pay rises with experience, reaches a plateau between 45 and 64 years, then drops after retirement age. The figures below come from the 2024 IMSEE study.
Gender pay gap
The 2025 data show two different pictures, depending on the indicator used.
- Median salary: women earn 4.1% more than men (about €141 per month) at equal working time
- Average salary: women earn 18.1% less than men, a gap of €1,010 per month
- Top earners: women make up 16.5% of the top 1% of private sector salaries
The two indicators measure different things. The median compares typical pay, while the average includes the very high salaries, where women remain underrepresented.
Monaco salaries compared with France
Monaco and France share the same hourly minimum wage, yet the monthly result differs because of working time, contributions and pay growth.
The pay growth indicators differ in nature (average salary in Monaco, base salary in France), so compare the direction rather than the exact gap. Higher pay comes with a higher cost of housing and services. Discover what living in Monaco involves day to day, and check the rules for EU citizens living in Monaco if you plan a move.
What a Monaco salary buys on the property market
Salary figures take another meaning when you compare them with housing. In 2025, IMSEE measured an average price of €57,569 per m² in Monaco, and €71,167 per m² in Larvotto. The table converts these prices into months and years of gross salary. It is a calculation based on gross pay only: it ignores savings, loans, family capital and any other source of funds.
These figures explain why many employees choose to rent. Our guide on how much an apartment costs in Monaco and our analysis of the price per sqm in Monaco detail the budgets by district. If you prefer to rent, browse the apartments for rent in Monaco and read our guide to long-term rental in Monaco to understand leases and guarantees.
At Balkin, our team supports employees, executives and investors in their search, whether you rent, buy or look for a discreet opportunity. Arrange a private consultation to discuss your budget and your timeline.
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