Average Salary in Monaco 2026: €3,475 Median, €5,195 Average

The key figures

The median salary in Monaco was €3,475 a month gross in 2025, and the average €5,195, for a full-time equivalent in the private sector, bonuses included, according to Monaco’s statistics office, IMSEE. Both rose over the year: the median by 4.1% (+€136) and the average by 5.4% (+€265). That puts typical pay at about €41,700 a year (our calculation, x 12), and half of all employees earn more.

Why the average is so much higher than the median

The average is pulled up by a small group of very high earners: 2.9% of employees earn more than €15,000 a month and another 3.3% between €10,000 and €15,000. The median, the salary in the middle, is the better guide to what a typical job pays. Most employees sit between €2,000 and €4,500 a month:

From IMSEE’s salary infographic for 2025 (the €5,000 to €10,000 rows are added up from IMSEE’s €500 bands). One employee in five earns between €2,500 and €3,000 a month, the most common band.

Pay by sector

IMSEE publishes the three best-paid and the three lowest-paid sectors, so the other sectors fall between €3,097 and €4,373. The sector groups changed in January 2026 (the new French NAF 2025 classification), so they don’t match earlier years. The biggest employers by headcount are administrative and support services (9,627 employees, most of them through temporary work agencies) and hotels and restaurants (8,988), where one major employer groups all its casino, hotel and restaurant staff (Observatoire de l’Emploi 2025). See jobs in Monaco for who is hiring.

Women and men

Women’s median pay was 4.1% (+€141) higher than men’s in 2025, but their average was 18.1% (-€1,010) lower, because few women are among the top earners: they make up 16.5% of the best-paid 1% (IMSEE).

From gross to take-home

On the median of €3,475 a month, the employee pays €460.72 in pension and unemployment contributions (13.26%), leaving €3,014.28. Residents of Monaco who aren’t French pay no income tax on that; people who live in France, about 81.5% of private-sector employees, pay French income tax. Rates and a full worked example are on tax in Monaco. The legal floor is the minimum wage, €12.31 an hour plus 5%, or about €2,184 a month for 39 hours.

How IMSEE measures pay

The figures are gross monthly salaries in euros, converted to a full-time equivalent on Monaco’s legal basis of 169 hours a month, for all private-sector jobs, part-time posts included pro rata. “Gross” means everything paid under the employment contract, bonuses included, before contributions. The source data are the Caisses Sociales de Monaco’s records. Civil servants (5,393 at the end of 2025) aren’t included.

Limits

These are official figures for the private sector as a whole and by sector; IMSEE doesn’t publish pay by job title, so there is no official figure for, say, a waiter or a private banker. Treat any job-level Monaco salary you see elsewhere as an estimate unless it comes from a published pay scale.

Questions

What is the average salary in Monaco?

In 2025 the average gross salary in Monaco's private sector was €5,195 a month and the median €3,475, for a full-time equivalent, including bonuses (IMSEE). The median is the better guide to typical pay: half of employees earn more than €3,475 and half earn less. A few very high salaries pull the average up.

What is a good salary in Monaco?

Above the median of €3,475 a month gross (about €41,700 a year) you earn more than half of Monaco's private-sector employees. Only 6.2% earn more than €10,000 a month. Most people who work in Monaco live in France or Italy, where the cost of housing is much lower than in Monaco itself.

What is the average salary in Monaco per year?

Multiplying IMSEE's monthly figures by 12 gives about €41,700 a year at the median and €62,340 on average, gross, in 2025. The monthly figures already include bonuses, spread across the year, so this is a fair yearly equivalent.

Which jobs pay the most in Monaco?

By sector, finance and insurance has the highest median, €6,858 a month gross in 2025, followed by professional, scientific and technical activities (€4,697) and IT, telecoms and media (€4,373). The lowest medians are in administrative and support services (€2,764), other services (€3,028) and real estate (€3,097), according to IMSEE.

What is the net salary in Monaco?

On the median of €3,475 a month gross, employee contributions on the official 2026 rates come to €460.72, leaving €3,014.28 before any income tax. Residents of Monaco who aren't French pay no income tax; people living in France pay French income tax on top.

More on working in Monaco

• Working in Monaco: the overview, with pay, tax and the rules in one place
• Jobs in Monaco: Live listings, who employs the most people, pay by sector, and the priority hiring and work permit rules
• Tax in Monaco: No income tax for residents (except the French), the social contributions every employee pays, and who pays French tax
• Monaco residency: Who needs a residence card, the four card types, what you must prove and where to apply
• Living in Monaco: Property prices by district, how renting works, where Monaco's workers live and what moving involves
• Minimum wage in Monaco: €12.31 an hour from 1 June 2026, plus Monaco's 5% allowance, with rates by age and overtime
• Public holidays in Monaco: All 12 public holidays in 2026, what happens when one falls on a Sunday, and pay for working them

Sources

• IMSEE, Infographie: Les salaires dans le secteur privé en 2025 (PDF) (April 2026)
• IMSEE, Observatoire de l'Emploi 2025 (April 2026)
• Caisses Sociales de Monaco, contribution rates (rates from 1 October 2026)