Italy Monaco

Updated 2026-02-25

Italy

No statutory minimum wage

Avg. Gross Salary

€2,600 /mo

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

Avg. salary: -47% Italy vs Monaco

Italy has no statutory minimum wage, while Monaco sets a floor of $14/hr. Average salaries are lower in Italy at $3,028/mo compared to $5,742/mo in Monaco.

Detailed Comparison

Detailed wage comparison between Italy and Monaco
Metric	Italy	Monaco	Diff
Minimum wage /hr	None	€11.88 $13.83	—
Minimum wage /mo	None	€2,008 $2,338.42	—
Minimum wage /yr	None	€24,096 $28,061.02	—
Avg. gross salary /mo	€2,600 /mo $3,027.83	€4,931 /mo $5,742.40	-47.3%
Avg. net salary /mo	€1,850 /mo $2,154.42	€4,300 /mo $5,007.57	-57.0%
Median individual income /yr	€22,500 /yr $26,202.40	€40,068 /yr $46,661.23	-43.8%

Percentage differences are based on USD equivalent values. Positive means Italy is higher.

Work Week

Italy: 40 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 40 hours (Legislative Decree 66/2003). Maximum average weekly hours including overtime is 48 hours over a 4-month reference period, per EU Working Time Directive. Overtime compensation is regulated by collective agreements, typically 15-30% surcharge depending on hours and sector.
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.

What This Means for Workers

Standard work weeks differ: Italy mandates 40 hours while Monaco mandates 39 hours.

See this comparison from Monaco's perspective: Monaco vs Italy

Compare Italy with...

Italy vs United States $ 7.25 /hr

Italy vs China ¥ 25 /hr

Italy vs Germany € 13.9 /hr

Italy vs United Kingdom £ 12.71 /hr

Italy vs India ₹ 4,576 /mo

Italy vs Japan ¥ 1,121 /hr

Italy vs France € 12.02 /hr

Italy vs South Korea ₩ 10,320 /hr

Italy vs Canada C$ 18.1 /hr

Italy vs Australia A$ 24.95 /hr

Italy vs Brazil R$ 7.37 /hr

Italy vs Russia ₽ 156.31 /hr

Italy vs Mexico MX$ 9,583.52 /mo

Italy vs Indonesia Rp 33,058 /hr

Italy vs Netherlands € 14.71 /hr

Italy vs Saudi Arabia ﷼ 23.08 /hr

Italy vs Turkey ₺ 164.94 /hr

Italy vs Taiwan NT$ 190 /hr

Italy vs Switzerland

Italy vs Poland zł 31.4 /hr

Italy vs Thailand ฿ 10,400 /mo

Italy vs Sweden

Italy vs Argentina ARS 1,762 /hr

Italy vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Italy or Monaco?

In Italy, the minimum wage is no statutory minimum wage. In Monaco, it is €11.88/hr ($13.83 USD).

How much less does the average worker earn in Italy compared to Monaco?

The average gross salary in Italy is €2,600/mo ($3,027.83 USD), compared to €4,931/mo ($5,742.40 USD) in Monaco. In USD terms, workers in Italy earn approximately 90% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Italy 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 Italy.

How do work hours compare between Italy and Monaco?

Italy has a longer standard work week at 40 hours, compared to 39 hours in Monaco. Workers in Italy 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.