Monte Carlo, Monaco 🇲🇨
#1239
43.740296, 7.426559
Nomad Score:
55%
Essentials
| 🏙️ City | Monte Carlo is a small city and a district located in the principality of Monaco, known for its luxury, casinos, and Mediterranean coastline. |
| 👥 Population | Approximately 38,000 residents in the entire principality. |
| 💻 Internet Speed | Average internet speed is around 130 Mbps, making it suitable for remote work. |
| 💸 Currency & Banking | The currency used is Euro (1 EUR ≈ 1.07 USD). There are numerous banks such as BCM (Banque et Caisse d'Épargne de Monaco) and Société Générale. |
| 🚰 Tap Water | Drinkable; tap water in Monte Carlo is treated and safe for consumption. |
| 🔌 Power | Electricity supply is 220V, 50Hz, with Type C/E plugs. |
| 📶 SIM Card | Major mobile providers include Orange and Monaco Telecom providing good coverage. |
| 💳 Banking for Expats | International banks like HSBC and Barclays are accessible, along with local options like CFM Indosuez. |
| 🛌 Accommodation | Accommodation is heavily priced; options include luxury hotels, high-end apartments, and Airbnb listings that can range from €100 to €1,500 per night. |
| 💳 Cashless Friendly | Yes, cards are widely accepted throughout the city. |
| 🏠 Short Term Rentals | Platforms like Airbnb and Booking.com provide numerous short-term rental options in the area. |
| 🛏️ Budget Accommodation | Affordable lodgings are limited; hostels and budget hotels can be found near the border with France. |
Working and Networking
| 🏢 Best Coworking Space | Le 39 coworking space offers a vibrant environment for remote workers. |
| ☕ Best Cafe for Work | Cafe de Paris is known for its work-friendly atmosphere and Wi-Fi. |
| 💼 Networking Events | Events are often hosted at the MonacoTech incubator, fostering tech and entrepreneurship. |
| 🥂 Social Events for Expats | The Monaco Expats Facebook group organizes regular meetups and social gatherings. |
Transportation
| 🚕 Best Taxi/Ride App | Taxi Monaco is popular, although Uber service may also be available. |
| 🚲 Bike/Scooter Rental | AtBike offers bike-sharing services throughout the city. |
| 🏖️ Best Beach Nearby | The nearest beach is Larvotto Beach, a 10-minute walk from Monte Carlo. |
| ✈️ Top Regional Airline | Monaco does not have a major airline but is accessible via Nice Côte d'Azur Airport which is about 30 minutes away. |
| ✈️ Top International Airline | Major airlines servicing Nice include Air France, Lufthansa, and EasyJet. |
| 🛣️ Highway Access | Access via the A8 motorway connects Monaco with France and other regions. |
| 🚉 Main Train/Transit Hub | Monaco-Monte Carlo train station is the central hub for rail services. |
| 🚍 Public Transport Passes | Public transport passes are available for bus services, pricing €1.50 per ticket. |
| ✈️ Regional Travel | Trains connect to Nice, Ventimiglia, and Cannes regularly. |
Health and Wellness
| 🏥 Best Hospital | Princess Grace Hospital Center is the main healthcare facility in Monaco. |
| 🧘 Yoga & Wellness Centers | Yoga in the Park offers outdoor sessions, especially during the warmer months. |
| 🏋️ Gyms & Fitness Centers | Fitness First Monaco provides excellent fitness facilities with memberships available. |
| 🧺 Laundry Services | Quick Clean offers various laundry services in the city. |
Food and Drink
| 📱 Best Food Delivery App | Uber Eats and Deliveroo operate in Monte Carlo for local food deliveries. |
| 🍽️ Best Local Dish to Try | Try Barbagiuan, a local savory pastry traditional to Monaco. |
| 🍱 Vegan/Vegetarian Options | Le Vistamar offers vegetarian options with a fantastic view of the harbor. |
| 🍫 Best Dessert Spots | Pâtisserie de Monaco features a range of exquisite pastries. |
| 🛒 Affordable Shopping Spots | Local markets offer fresh produce, with the Condamine Market being a popular choice. |
| 🛒 E-commerce/Online Store | Amazon and local sites like Monacoshop.com cater to various e-commerce needs. |
| 🛒 Grocery Delivery | Services like Carrefour offer online grocery deliveries. |
| 🍸 Bar/Nightlife Area | Monte Carlo Casino is the prime nightlife spot, with numerous bars around. |
| 🍻 Local Brewery | Monaco doesn't have many breweries, but local bars offer international craft beers. |
| 🍷 Wine Bars | Wine divin provides a fine selection of wines in a cozy atmosphere. |
| 🍲 Street Food Stalls | Street vendors food can be found at local markets, especially during summer months. |
| 🍕 Popular International Cuisine | Several restaurants offer diverse cuisine, including Italian and Japanese options. |
Culture and Attractions
| 🎟️ Must-See Landmarks | The Monte Carlo Casino and Prince's Palace stand as must-visit landmarks. |
| 🏛️ Museums & Art Venues | The Oceanographic Museum is a key cultural attraction featuring marine science exhibitions. |
| 🏰 Historical Sites | The Palais Princier is a historical site that showcases the rich heritage of Monaco. |
| 🕍 Religious Sites | Saint Nicholas Cathedral is notable for its Monegasque architecture. |
| 🎉 Annual Events | The Monaco Grand Prix and Monte-Carlo Television Festival are major annual events. |
| 🎨 Cultural Districts | Monte Carlo's district is affluent, with various galleries and cultural spots. |
| 🎭 Theater Venues | The Opéra de Monte-Carlo hosts performances all year round. |
| 🛍️ Local Markets | The Condamine Market is a popular local market with fresh produce and goods. |
| 🎼 Music Scene | Various venues host live music, with some clubs featuring international DJs. |
| 🎨 Street Art | Street Art is less prominent, but occasional exhibits pop up in local parks and spaces. |
| 🧑🍳 Cooking Classes | Various culinary schools offer classes in traditional Monegasque cuisine. |
| 👩🎨 Art Galleries | Villa Paloma features contemporary art displays. |
| 🕰️ Historic Buildings | Numerous historic buildings dot the city, showcasing architectural styles from different eras. |
| 🏴 Local Heritage | The Colors of Monaco project highlights local history and culture in public spaces. |
Nature and Outdoor Activities
| 🌅 Nearby Nature Escapes | Cap d'Ail offers beautiful coastal paths close to Monte Carlo. |
| 🏞️ National Parks Nearby | Mercantour National Park is around a 90-minute drive from Monte Carlo, showcasing stunning nature. |
| 🚲 Cycling/Walking Paths | The coastal paths offer scenic routes for walking and cycling. |
| 🌄 Scenic Viewpoints | The views from Tête de Chien are breathtaking and easily accessible. |
| 🦉 Birdwatching Locations | Areas around the coast offer opportunities for birdwatching, particularly during migrations. |
| 🔥 Bonfire-Friendly Spots | Bonfire spots are limited; check local regulations on permitted areas. |
Other Services and Amenities
| 📦 Parcel Delivery Service | Services such as DHL and FedEx offer efficient parcel delivery in the region. |
| 🛠️ Tech Repair Services | Local shops like Cipriani offer electronic device repairs. |
| 🏓 Table Tennis Spots | The Monte Carlo Sports Club has facilities for amateur and casual players. |
| 🧑🏫 Language Classes | Several language schools offer courses in French and English catering to expats. |
| 📚 Libraries & Study Spots | The Bibliothèque Louis Notari is a great place for reading and study. |
| 🏘️ Community Centers | Community centers host various cultural and recreational events throughout the year. |
| 🕹️ Gaming Lounges | While not prevalent, some cafes offer gaming environments with consoles. |
| 🎰 Casino & Gaming Halls | The iconic Monte Carlo Casino is a significant attraction for gaming enthusiasts. |
Business
| 🏢 Studio Purchase Price (City Center) | Approx. €50,000 per m² (e.g., 30 m² = €1,500,000). |
| 🏢 Studio Purchase Price (Outside City) | Limited options; prices start around €35,000 per m². |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. €45,000 per m² (e.g., 60 m² = €2,700,000). |
| 🏠 1-Bedroom Purchase Price (Outside City) | Prices can start around €30,000 per m². |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. €40,000 per m² (e.g., 80 m² = €3,200,000). |
| 🏡 2-Bedroom Purchase Price (Outside City) | Starting around €28,000 per m². |
| 💼 Corporate Tax | Corporate tax is 25% for companies earning above €500,000. |
| 💵 Dividend Withholding Tax | The rate is 0% for residents, making it attractive for expats. |
| 🏦 Tax System | Monaco does not levy personal income tax, allowing residents to retain their earnings. |
| 📈 Highest Income Tax Bracket | 0% as there is no personal income tax. |
| 🧾 VAT | VAT rate in Monaco is aligned with France at 20%. |
| 🌐 Controlled Foreign Company (CFC) Rules | Monaco has regulations around CFCs, ensuring compliance with international standards. |
| 🏠 Property Tax | Monaco has no property tax; however, a small fee is charged for property registration. |
| 🏠 Property Transaction Tax | Property transactions attract a tax of around 7.5%. |