Statement:
In Ethiopia the cost of living is lower than in Monaco

In the Cost of Living rating Ethiopia holds position #63 ²⁰¹³ out of 102 and Monaco is #4 out of 90 ²⁰¹².
Position of Ethiopia is better than position of Monaco.
Monaco is leader of the "Cost of Living" rating. Living in Monaco is really expensive, compared to Ethiopia

Referencies:

1. Cost of Living ²⁰²² by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   41.74

2. Cost of Living ²⁰²¹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   48.89

3. Cost of Living ²⁰²⁰ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   54.86

4. Cost of Living ²⁰¹⁹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   55.52

5. Cost of Living ²⁰¹⁸ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   44.91

6. Cost of Living ²⁰¹⁷ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   50.33

7. Cost of Living ²⁰¹⁶ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   43.41

8. Cost of Living ²⁰¹⁵ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   48.02

9. Cost of Living ²⁰¹⁴ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Ethiopia

   'Cost of Living Index' value is

   53.23

10. Cost of Living ²⁰¹³ by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Ethiopia

    'Cost of Living Index' value is

    59.86

11. Cost of Living ²⁰¹² by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Monaco

    'Cost of Living Index' value is

    128.15