We formulate standard and multilevel Monte Carlo methods for the $k$th moment $\mathbb{M}^k_\varepsilon[\xi]$ of a Banach space valued random variable $\xi\colon\Omega\to E$, interpreted as an element of the $k$-fold injective tensor product space $\otimes^k_\varepsilon E$. For the standard Monte Carlo estimator of $\mathbb{M}^k_\varepsilon[\xi]$, we prove the $k$-independent convergence rate $1-\frac{1}{p}$ in the $L_q(\Omega;\otimes^k_\varepsilon E)$-norm, provided that (i) $\xi\in L_{kq}(\Omega;E)$ and (ii) $q\in[p,\infty)$, where $p\in[1,2]$ is the Rademacher type of $E$. We moreover derive corresponding results for multilevel Monte Carlo methods, including a rigorous error estimate in the $L_q(\Omega;\otimes^k_\varepsilon E)$-norm and the optimization of the computational cost for a given accuracy. Whenever the type of $E$ is $p=2$, our findings coincide with known results for Hilbert space valued random variables. We illustrate the abstract results by three model problems: second-order elliptic PDEs with random forcing or random coefficient, and stochastic evolution equations. In these cases, the solution processes naturally take values in non-Hilbertian Banach spaces. Further applications, where physical modeling constraints impose a setting in Banach spaces of type $p<2$, are indicated.

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