Monaco Israel

Updated 2026-05-04

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

Israel

Minimum Wage

₪35.40 /hr

$12.57 USD

Avg. Gross Salary

₪12,000 /mo

Min wage: +10% Monaco vs Israel Avg. salary: +35% Monaco vs Israel

Both high-income economies, Monaco and Israel set comparable minimum wage floors in USD terms. Average salaries are higher in Monaco at $5,742/mo compared to $4,262/mo in Israel.

Detailed Comparison

Detailed wage comparison between Monaco and Israel
Metric	Monaco	Israel	Diff
Minimum wage /hr	€11.88 $13.83	₪35.40 $12.57	+10.0%
Minimum wage /mo	€2,008 $2,338.42	₪6,443.85 $2,288.71	+2.2%
Minimum wage /yr	€24,096 $28,061.02	₪77,326.20 $27,464.46	+2.2%
Avg. gross salary /mo	€4,931 /mo $5,742.40	₪12,000 /mo $4,262.12	+34.7%
Avg. net salary /mo	€4,300 /mo $5,007.57	₪9,000 /mo $3,196.59	+56.7%
Median individual income /yr	€40,068 /yr $46,661.23	₪108,000 /yr $38,359.08	+21.6%

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

Work 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.
Israel: 42 hrs/wk standard

Max 42 hrs/wk

Overtime : 1.25x pay

Standard workweek reduced from 43 to 42 hours in April 2018. Typically 5-day work week (8.4 hrs/day) or 6-day week. First 2 overtime hours: 125% of regular rate; subsequent hours: 150%. Weekly rest day is typically Friday evening to Saturday evening (Shabbat). Maximum 12 hours in any workday.

• WAGE TRAJECTORY (USD/hr)

Monaco Israel Source: wage.is · USD equivalent/hr

Year	Monaco (USD)	Israel (USD)
2015	—	$1652/hr
2017	—	$1776/hr
2020	$12/hr	—
2021	$12/hr	—
2022	$13/hr	$1882/hr
2023	$13/hr	$1979/hr
2024	$14/hr	—
2025	$14/hr	$2088/hr
2026	—	$2289/hr

What This Means for Workers

A minimum wage worker moving from Israel to Monaco would see a 10% increase in USD-equivalent hourly earnings. Standard work weeks differ: Monaco mandates 39 hours while Israel mandates 42 hours. A minimum wage worker's weekly earnings in Monaco are $540 vs $528 in Israel.

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

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Frequently Asked Questions

Is the minimum wage higher in Monaco or Israel?

In Monaco, the minimum wage is €11.88/hr ($13.83 USD). In Israel, it is ₪35.40/hr ($12.57 USD). Monaco has the higher rate by 10% 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 Israel may retain a larger share of their earnings if prices there are lower.

How much more does the average worker earn in Monaco compared to Israel?

The average gross salary in Monaco is €4,931/mo ($5,742.40 USD), compared to ₪12,000/mo ($4,262.12 USD) in Israel. In USD terms, workers in Monaco earn approximately 35% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Monaco and Israel 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 Israel.

How do work hours compare between Monaco and Israel?

Israel has a longer standard work week at 42 hours, compared to 39 hours in Monaco. Workers in Monaco work 39 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.