Monaco, Monaco
Editor
March 12, 2023
The Principality of Monaco is an ideal destination for digital nomads looking for a unique and luxurious experience. With its stunning Mediterranean coastline, vibrant culture, and world-class amenities, Monaco is the perfect place to work and play. According to the World Bank, Monaco has the highest GDP per capita in the world, making it an ideal place to live and work. The country also boasts a low unemployment rate of just 1.2%, making it an attractive option for digital nomads looking for a stable job market. Additionally, Monaco is home to a number of world-renowned universities, making it an ideal place to further one's education. With its excellent infrastructure, Monaco is also an ideal place to stay connected with the rest of the world. With its high-speed internet, reliable cell phone service, and numerous public transportation options, digital nomads can easily stay connected with their work and family. With its stunning scenery, vibrant culture, and world-class amenities, Monaco is the perfect place for digital nomads to work and play.
Living in Monaco, Monaco: Overview
Overall score | Worksplorer index
-
143%
Quality of life -
84%
Cost of living -
83%
Connectivity -
95%
Weather
56
General
| Currency | MCO |
| Population (in millions) | 0.03 |
| Quality of life (world rank from 1 to 200) | 2 |
| Cost of living compared to Chicago, USA | 40% more expensive |
| Best neighborhood to stay | Monte Carlo, Monaco-Ville |
Culture
| Number of museums and galleries | 8 |
| Top selling local beer | Monaco Beer |
| Most popular local dish | Barbagiuan |
Travel
| Most popular tourist attraction(s) | Monte Carlo Casino, Prince's Palace, Oceanographic Museum |
| Discount airline | EasyJet |
| Major airline | Air France |
| Largest ride sharing company | Uber |
| Primary train stations | Monaco-Monte Carlo, Monaco-Riquier, Monaco-Ville |
| Primary airports | Nice, Monte Carlo, Fontvieille |
| Best rental car company | Europcar |
| Used car costs | 300000 EUR |
Connectivity
| Apple store addresses | 11 Avenue des Spélugues, 98000 Monaco |
| Internet connection (in Mbps) | 100 Mbps |
| Power socket type | C,E |
| Supply voltage | 230V |
| Best electronics store | Fnac |
| Best internet carrier | Orange |
| Primary cellular carrier | Orange |
| Average monthly cost for internet | €50.00 |
Shopping
| The best drug store | Pharmacy |
| Best restaurant chain | Le Louis XV |
| The best grocery store | Carrefour |
| The most popular fashion brand | Chanel |
Regulatory
| GDP per capita | $165,845 / year |
| Average annual income | $140000 |
| Sales tax rate | 0% |
| Income tax rate | 0% |
| Tourist visa valid (in days) | 90 |
Financial
| Average mortgage rate | 2.5% |
| Suggested ATM take out | 100 EUR |
| Bank that has the most ATM machines | BNP Paribas |
| Average tip in restaurant | 15% |
| Pay using credit or debit card | Not very common |
Health
| Emergency Phone Numbers | 112 (general), 17 (police), 18 (ambulance), 15 (firefighters) |
| Polution per square meter | 18,845 |
| Health quality rank (according to WHO) | 11 |
| Main religion | Catholicism |
Quality of life
143%
-
74%
Safety, freedom, rights -
74%
Traffic -
515%
Property to income -
26%
Crime -
75%
Healthcare -
95%
Weather
Salaries
| Average Monthly Net Salary (After Tax) | €5,188 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.27% |
Childcare
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | €0 |
| International Primary School, Yearly for 1 Child | €16,000 |
Cost of living
84%
-
Purchasing Power
0%
-
Rent
294%
-
Food
0%
-
Restaurant
126%
-
Workspace
75%
-
Transport
18%
Rent
| Apartment (1 bedroom) in City Centre Per Month | €5,210.28 |
| Apartment (1 bedroom) Outside of Centre Per Month | €3,333.33 |
| Apartment (3 bedrooms) in City Centre Per Month | €29,666.67 |
| Apartment (3 bedrooms) Outside of Centre Per Month | €8,666.67 |
| Tennis Court Rent (1 Hour on Weekend), Sports And Leisure | €20.00 |
Food
| Milk (regular), (1 liter) | €1.75 |
| Loaf of Fresh White Bread (500g) | €3.75 |
| Eggs (regular) (12) | €2.97 |
| Local Cheese (1kg) | €14.00 |
| Water (1.5 liter bottle) | €1.92 |
| Bottle of Wine (Mid-Range) | €13.00 |
| Domestic Beer (0.5 liter bottle) | €2.00 |
| Imported Beer (0.33 liter bottle) | €3.50 |
| Cigarettes 20 Pack (Marlboro) | €10.00 |
| Chicken Fillets (1kg) | €10.00 |
| Apples (1kg) | €1.67 |
| Oranges (1kg) | €1.83 |
| Potato (1kg) | €1.50 |
| Lettuce (1 head) | €1.33 |
| Rice (white), (1kg) | €3.17 |
| Tomato (1kg) | €3.50 |
| Banana (1kg) | €2.00 |
| Onion (1kg) | €2.33 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | €15.00 |
Restaurants
| Meal, Inexpensive Restaurant | €25.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | €150.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | €9.00 |
| Domestic Beer (0.5 liter draught) | €7.00 |
| Imported Beer (0.33 liter bottle) | €8.00 |
| Coke/Pepsi (0.33 liter bottle) | €4.70 |
| Water (0.33 liter bottle) | €5.55 |
| Cappuccino (regular) | €4.31 |
Connectivity
94%
Infrastructure
89/100
Internet speed
92/100
Internet cost
95/100
Pre-paid plan
98/100
Utilities (Monthly)
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | €174.78 |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | €0.00 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | €54.67 |
Sports
| Fitness Club, Monthly Fee for 1 Adult | €525.00 |
| Tennis Court Rent (1 Hour on Weekend) | €20.00 |
| Cinema, International Release, 1 Seat | €10.00 |
Transportation
| One-way Ticket (Local Transport) | €2.00 |
| Monthly Pass (Regular Price) | €36.00 |
| Gasoline (1 liter) | €1.83 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | €20,000.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | €21,000.00 |
| Taxi Start (Normal Tariff) | €3.00 |
| Taxi 1km (Normal Tariff) | €1.70 |
| Taxi 1hour Waiting (Normal Tariff) | €80.00 |
