Monaco Sweden

Updated 2026-02-25

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

Sweden

No statutory minimum wage

Avg. Gross Salary

kr40,000 /mo

Avg. salary: +33% Monaco vs Sweden

Unlike Sweden, which has no statutory minimum wage, Monaco mandates a wage floor of $14/hr. Average salaries are higher in Monaco at $5,742/mo compared to $4,318/mo in Sweden.

Detailed Comparison

Detailed wage comparison between Monaco and Sweden
Metric	Monaco	Sweden	Diff
Minimum wage /hr	€11.88 $13.83	None	—
Minimum wage /mo	€2,008 $2,338.42	None	—
Minimum wage /yr	€24,096 $28,061.02	None	—
Avg. gross salary /mo	€4,931 /mo $5,742.40	kr40,000 /mo $4,317.74	+33.0%
Avg. net salary /mo	€4,300 /mo $5,007.57	kr30,000 /mo $3,238.31	+54.6%
Median individual income /yr	€40,068 /yr $46,661.23	kr367,000 /yr $39,615.29	+17.8%

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.
Sweden: 40 hrs/wk standard

Max 48 hrs/wk

Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/week.

What This Means for Workers

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

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

Compare Monaco with...

Monaco vs United States $ 7.25 /hr

Monaco vs China ¥ 25 /hr

Monaco vs Germany € 13.9 /hr

Monaco vs United Kingdom £ 12.71 /hr

Monaco vs India ₹ 4,576 /mo

Monaco vs Japan ¥ 1,121 /hr

Monaco vs France € 12.02 /hr

Monaco vs South Korea ₩ 10,320 /hr

Monaco vs Canada C$ 18.1 /hr

Monaco vs Australia A$ 24.95 /hr

Monaco vs Brazil R$ 7.37 /hr

Monaco vs Russia ₽ 156.31 /hr

Monaco vs Mexico MX$ 9,583.52 /mo

Monaco vs Netherlands € 14.71 /hr

Monaco vs Saudi Arabia ﷼ 23.08 /hr

Monaco vs Turkey ₺ 164.94 /hr

Monaco vs Switzerland

Monaco vs Poland zł 31.4 /hr

Monaco vs Israel ₪ 35.4 /hr

Monaco vs New Zealand NZ$ 23.5 /hr

Frequently Asked Questions

Is the minimum wage higher in Monaco or Sweden?

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

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

The average gross salary in Monaco is €4,931/mo ($5,742.40 USD), compared to kr40,000/mo ($4,317.74 USD) in Sweden. In USD terms, workers in Monaco earn approximately 33% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Monaco and Sweden 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 Sweden.

How do work hours compare between Monaco and Sweden?

Sweden 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.