Where to live in Monaco
We track one city in Monaco: Monaco. It averages 17°C over the year. We estimate a couple needs €4,088 a month to live centrally. Monaco sits in our zero or very low tax tier. For foreigners, long-term residency is comparatively open.
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- Tax tier
- Zero or very low
- Little to no personal income tax
- Languages
- French
- Good English
- Safety
- 90/100
- country-level
- Healthcare
- 85/100
- country-level
- Internet
- ~200 Mbps
- median fixed broadband
The city we track
| City | Size | Setting | Avg temp | Rain a year | Est. cost a month |
|---|---|---|---|---|---|
| Monaco | smaller | coastal | 17°C | 814 mm | €4,088 |
Source: City size from GeoNames, temperature from the Open-Meteo archive (2019 to 2023 averages), rainfall from TerraClimate (1991 to 2020 normals), coast distance from Natural Earth. Cost is our model estimate for a couple living centrally.
Taxes
Monaco sits in our zero or very low tax tier: little to no personal income tax. The tier applies to every city here, and couples who cap tax below it will not see these cities in their results.
Source: OurNextCity tax tiers, assigned by hand from each country's top marginal personal income tax rate and overall tax reputation, with no fixed rate cut-offs. Coarse by design; not tax advice.
Residency and visas
Comparatively open. Long-term residency comes through demonstrating self-sufficiency (a Monaco bank deposit, or local employment/business income, or support from a resident family member) plus securing local accommodation; there is no quota, lottery, or skilled-worker track, so a wealthy applicant who can fund the bar is reliably admitted.
The cheapest self-funded routes we track for Monaco:
- Investment: about $581k (Monaco residence via the savings route, AMAF common threshold of EUR 500,000 held in a Monaco bank since 2017 (the funds stay in your account); converted at EUR/USD 1.1629 on 2026-06-02; as of June 2026)
For short visits, 93 of 198 passports can enter visa-free and 105 need a visa in advance.
Source: OurNextCity residency dataset, hand-reviewed approximations researched against published immigration rules, figures as of June 2026. Not legal advice: check the official source before you apply. Short-stay entry from the passport-index dataset (ilyankou, MIT).