Key Facts: Greece vs Monaco Wages
- Greece Minimum Wage
- €5.31/hr ($6.18 USD)
- Monaco Minimum Wage
- €11.88/hr ($13.83 USD)
- Greece Avg. Gross Monthly Salary
- €1,400 /mo ($1,630.37 USD)
- Monaco Avg. Gross Monthly Salary
- €4,931 /mo ($5,742.40 USD)
- Data Sources
- Ministry of Labour and Social Security (Υπουργείο Εργασίας και Κοινωνικής Ασφάλισης); 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-04-01) (2026-05-04), Direction du Travail de Monaco / Caisses Sociales de Monaco (2026-02-25)
Greece 
Monaco
Updated 2026-05-04
The minimum wage in Greece is 55% lower than in Monaco in USD terms, though average salaries tell a different story. Average gross salaries diverge further: $1,630/mo in Greece versus $5,742/mo in Monaco, a 3.5:1 ratio.
Detailed Comparison
| Metric | Greece | Monaco |
|---|---|---|
| Minimum wage /hr | €5.31 $6.18 | €11.88 $13.83 |
| Minimum wage /mo | €920 $1,071.39 | €2,008 $2,338.42 |
| Minimum wage /yr | €12,880 $14,999.42 | €24,096 $28,061.02 |
| Avg. gross salary /mo | €1,400 /mo $1,630.37 | €4,931 /mo $5,742.40 |
| Avg. net salary /mo | €1,100 /mo $1,281.01 | €4,300 /mo $5,007.57 |
| Median individual income /yr | €12,800 /yr $14,906.25 | €40,068 /yr $46,661.23 |
Percentage differences are based on USD equivalent values. Positive means Greece is higher.
Work Week
- Greece
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.2x pay
Standard workweek is 40 hours across 5 days (Labour Law). Overtime beyond 40 hours is compensated at 120% for the first 5 hours per week and 140% thereafter. In 2024, Greece introduced optional 6-day workweek legislation for certain industries, with the 6th day paid at 140%. EU Working Time Directive limits average to 48 hrs/week.
- Monaco
-
39 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.25x pay
Standard workweek is 39 hours, aligned with French labor standards. Maximum 48 hours including overtime. Overtime premium: 25% for first 8 hours above 39, 50% thereafter. Night work and Sunday work attract additional premiums per sector agreements. Mandatory rest of 11 consecutive hours between shifts.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Greece earns 124% less per hour in USD terms than one in Monaco. Standard work weeks differ: Greece mandates 40 hours while Monaco mandates 39 hours. A minimum wage worker's weekly earnings in Greece are $247 vs $540 in Monaco.
See this comparison from Monaco's perspective: Monaco vs Greece
Compare Greece with...
Greece vs United States $ 7.25 /hr 
Greece vs China ¥ 25 /hr 
Greece vs Germany € 13.9 /hr 
Greece vs United Kingdom £ 12.71 /hr 
Greece vs India ₹ 4,576 /mo 
Greece vs Japan ¥ 1,121 /hr 
Greece vs France € 12.02 /hr 
Greece vs South Korea ₩ 10,320 /hr 
Greece vs Canada C$ 18.1 /hr 
Greece vs Australia A$ 24.95 /hr 
Greece vs Brazil R$ 7.37 /hr 
Greece vs Russia ₽ 156.31 /hr 
Greece vs Mexico MX$ 9,583.52 /mo 
Greece vs Indonesia Rp 33,058 /hr 
Greece vs Netherlands € 14.71 /hr 
Greece vs Saudi Arabia ﷼ 23.08 /hr 
Greece vs Turkey ₺ 164.94 /hr 
Greece vs Taiwan NT$ 190 /hr 
Greece vs Switzerland 
Greece vs Poland zł 31.4 /hr 
Greece vs Thailand ฿ 10,400 /mo 
Greece vs Sweden 
Greece vs Argentina ARS 1,762 /hr 
Greece vs Singapore Frequently Asked Questions
Is the minimum wage higher in Greece or Monaco?
In Greece, the minimum wage is €5.31/hr ($6.18 USD). In Monaco, it is €11.88/hr ($13.83 USD). Monaco has the higher rate by 124% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Greece may retain a larger share of their earnings if prices there are lower.
How much less does the average worker earn in Greece compared to Monaco?
The average gross salary in Greece is €1,400/mo ($1,630.37 USD), compared to €4,931/mo ($5,742.40 USD) in Monaco. In USD terms, workers in Greece earn approximately 252% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Greece and Monaco is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Monaco earn more in nominal terms, though how far that income stretches depends on local prices in Greece.
How do work hours compare between Greece and Monaco?
Greece has a longer standard work week at 40 hours, compared to 39 hours in Monaco. Workers in Greece work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Monaco working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.