Monaco New Zealand

Updated 2026-03-02

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

New Zealand

Minimum Wage

NZ$23.50 /hr

$13.99 USD

Avg. Gross Salary

NZ$5,666.67 /mo

Min wage: -1% Monaco vs New Zealand Avg. salary: +70% Monaco vs New Zealand

Both high-income economies, Monaco and New Zealand set comparable minimum wage floors in USD terms. Average salaries are higher in Monaco at $5,742/mo compared to $3,374/mo in New Zealand.

Detailed Comparison

Detailed wage comparison between Monaco and New Zealand
Metric	Monaco	New Zealand	Diff
Minimum wage /hr	€11.88 $13.83	NZ$23.50 $13.99	-1.1%
Minimum wage /mo	€2,008 $2,338.42	NZ$4,073.83 $2,425.77	-3.6%
Minimum wage /yr	€24,096 $28,061.02	NZ$48,880 $29,105.63	-3.6%
Avg. gross salary /mo	€4,931 /mo $5,742.40	NZ$5,666.67 /mo $3,374.22	+70.2%
Avg. net salary /mo	€4,300 /mo $5,007.57	NZ$4,533.33 /mo $2,699.37	+85.5%
Median individual income /yr	€40,068 /yr $46,661.23	NZ$61,828 /yr $36,815.53	+26.7%

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.
New Zealand: 40 hrs/wk standard

Overtime : 1.5x pay

No statutory maximum working hours, but employers must ensure reasonable working hours. Most employment agreements specify 40 hours/week. Overtime rates not mandated by statute but commonly 1.5x by agreement. Time-and-a-half and a day in lieu required for work on public holidays.

• WAGE TRAJECTORY (USD/hr)

Monaco New Zealand Source: wage.is · USD equivalent/hr

Year	Monaco (USD)	New Zealand (USD)
2019	—	$11/hr
2020	$12/hr	$11/hr
2021	$12/hr	$12/hr
2022	$13/hr	$13/hr
2023	$13/hr	$14/hr
2024	$14/hr	$14/hr
2025	$14/hr	—

What This Means for Workers

A minimum wage worker in Monaco earns 1% less per hour in USD terms than one in New Zealand. Standard work weeks differ: Monaco mandates 39 hours while New Zealand mandates 40 hours. A minimum wage worker's weekly earnings in Monaco are $540 vs $560 in New Zealand.

See this comparison from New Zealand's perspective: New Zealand vs Monaco

Compare Monaco with...

Frequently Asked Questions

Is the minimum wage higher in Monaco or New Zealand?

In Monaco, the minimum wage is €11.88/hr ($13.83 USD). In New Zealand, it is NZ$23.50/hr ($13.99 USD). New Zealand has the higher rate by 1% 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 Monaco 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 New Zealand?

The average gross salary in Monaco is €4,931/mo ($5,742.40 USD), compared to NZ$5,666.67/mo ($3,374.22 USD) in New Zealand. In USD terms, workers in Monaco earn approximately 70% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Monaco and New Zealand 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 New Zealand.

How do work hours compare between Monaco and New Zealand?

New Zealand has a longer standard work week at 40 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.