Monaco, Monaco
Monaco is a major city in Monaco with a population of 40,000.
Overview
Monaco is a city in Monaco with a population of 40,000. Monaco is a major city in Monaco with a population of 40,000. Housing is notably more expensive than the national average. Gardening thrives here — the 6b growing zone supports Cool to mild — apples, pears, berries, many vegetables. The city enjoys abundant sunshine, with about 260 sunny days a year. Reported crime rates are relatively low. The population skews older, with a median age of 55.0.
Last updated: August 30, 2026
Below Average vs Monaco Avg (100)
Above Average
Household income
Job market health
Monaco vs Monaco Average
Taxes
- State Income Tax: None
- Sales Tax: 20.0%
Economy & Jobs
- Median Income: € 60,000
- Unemployment: 5.0%
- Population: 40,000
Climate
- Sunny Days: 260/year
- Summer High: 78°F
- Winter Low: 45°F
- Farming Zone: USDA Zone 6b
Housing
- Median Home: €1,500,000
- 1BR Rent: €3000/mo
Cost of Living
Monaco's cost of living index is 100 (Monaco average = 100).
| Category | Monaco | National Average | Difference |
|---|---|---|---|
| Overall | 100 | 100 | 0.0% |
| Housing | 150 | 100 | +50.0% |
Data source: Council for Community and Economic Research (C2ER), 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €1,500,000 |
| Median Rent (1BR) | €3000/mo |
| Median Rent (2BR) | €3,750/mo |
| Price per Sq Ft | €1,000 |
Data source: Zillow Research, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Monaco:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €100 | |
| Heating & Cooling | €26 | Estimated based on local climate. |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | €40 | Includes sewer |
| Internet (100+ Mbps) | €50 | Broadband average |
| Garbage / Trash | Included in taxes | Municipal service (covered by property taxes) |
| Total Utilities | €216 | Monthly estimate (including heating & cooling) |
Data sources: U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow
Remote Work Score
Monaco scores —/100 for remote work readiness:
Climate
Monaco has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 65°F | 45°F | 2.5" |
| April | 63°F | 60°F | 2.8" |
| July | 78°F | 53°F | 1.5" |
| October | 58°F | 63°F | 2.2" |
Cool to mild — apples, pears, berries, many vegetables
Natural Hazards
Monaco faces the following natural hazards:
Summer heat.
Moderate seismic activity with occasional earthquakes.
Mediterranean coast with tsunami risk.
Coastal and flash flooding.
Periodic drought conditions.
Hilly terrain with landslides.
Limited wildfire risk.
Based on historical records and geographic risk assessment.
Taxes
- State Income Tax: 0% (None)
- Sales Tax: 20%
- Property Tax: ~0% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 5.0%.
Schools & Education
Academic Schedule
Standard academic calendar.
Universities & Higher Education
Data source: Center for World University Rankings (CWUR) & World Universities Database
Demographics
The population of Monaco is diverse. The figures below show the ethnic, educational, and religious composition of the local population.
Ethnicity
Education
Religion
City-level demographic data is not available for this location. The figures shown are national averages, which may differ from actual conditions in this city.
Data source: Institut Monégasque de Statistique (2016)
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Monaco, Monaco?
The cost of living index in Monaco is 100, which is Lower the Monaco national average of 100.
How much does it cost to buy a home in Monaco?
The median home price in Monaco is €1,500,000. The housing index is 150.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Monaco is approximately €3000/mo.
Does Monaco, Monaco have income tax?
Monaco is in Monaco, which has no income tax.
What is the climate like in Monaco?
Monaco enjoys approximately 260 sunny days per year. Summer highs reach around 78°F, while winter lows can drop to around 45°F.
Data Sources
- Cost of Living: Council for Community and Economic Research (C2ER), 2026
- Housing Data: Zillow Research, 2026
- Income & Employment: US Census Bureau American Community Survey, 2024
- Utilities U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow
Data last updated: September 13, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.