Pros and Cons of Living in Monaco

Last updated on Dec 15, 2023

Summary: The pros of living in Monaco include its stunning Mediterranean coastline, its low taxes, its excellent infrastructure, its high standard of living, and its vibrant nightlife. The cons of living in Monaco include its high cost of living, its limited housing options, its lack of public transportation, and its small size.

What are the pros and cons of living in Monaco?

Expats, digital nomads and retirees living in Monaco responded:

"Expats and digital nomads living in Monaco appreciate the Mediterranean climate, the stunning scenery, and the vibrant nightlife. They also enjoy the low taxes, the excellent infrastructure, and the high quality of life. On the other hand, some expats and digital nomads may find the cost of living in Monaco to be quite high, as well as the lack of affordable housing. Additionally, the small size of the country can make it difficult to find a job or to network with other professionals," explained one expat in Monaco.

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.