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5 reasons to live in the Principality of Monaco

With more than 300 days of sunshine a year, the inhabitants of the Principality of Monaco enjoy the Mediterranean, water sports and the joys of skiing thanks to their proximity to the resorts of the Southern Alps. Thus, all the advantages of living in the Principality can generate a non-exhaustive list. However, we have put together for you 5 main reasons why you should move to Monaco.

1. An enviable geographical location and climate

Monaco stands proudly on a narrow strip of the Mediterranean coast and is bordered by France on three sides. Its vertical cityscape sets it apart instantly from the foothills of the Alpes-Maritimes. On the west side of Monaco, the cities of Nice, Cannes and Saint-Tropez are nearby. On the east side past the Italian border, you will find charming towns such as Bordighera, Sanremo and Portofino.

The climate is also high on the list of advantages of living in Monaco, with around 300 days of sunshine a year. In July and August, temperatures average 27°C and even in January and February, the coolest months, temperatures average 12°C.

2. The principality is diverse and cosmopolitan

With nearly 120 nationalities concentrated in an area of two square kilometres, Monaco has one of the most cosmopolitan populations on the planet.

This micro-state occupies 2.02km2. Partly reclaimed from the sea, it is the second smallest independent state in the world after the Vatican. Monaco is also a real Tower of Babel. The French, Italians, British, Swiss and Belgians make up the top five groups of foreign nationals. Foreign residents make up three quarters of the Principality's total population - about 38,000, compared to less than 9,000 Monegasque nationals.

3. An efficient education system

The education system in Monaco follows the same curriculum as the French National Education system, but with some specific features:

  • English language teaching is reinforced from kindergarten to the end of secondary school;
  • French is taught as a "foreign language" in order to facilitate the integration of non-French speaking pupils;
  • The promotion of national culture is encouraged by teaching the history of Monaco and its traditional language;
  • The teaching of sport is reinforced thanks to compulsory physical education and swimming lessons from a very young age, the development of sports facilities, and the provision of sports classes with special timetables...

As for school infrastructures, the Principality has

  • 9 public schools: 6 nursery and elementary schools, two secondary schools, a general and technological high school and a vocational and hotel high school.
  • 11 crèches: for parents with young children, Monaco City Council provides 7 collective crèches, 1 family crèche, 3 micro-crèches and 1 kindergarten.
  • 2 private denominational schools: including the François d'Assise - Nicolas Barré Institution, which is a private Catholic school with classes from secondary school to high school.
  • The International School of Monaco offers bilingual English-French education from nursery to high school.
  • The Princess Grace Dance Academy
  • Higher education courses: the International University of Monaco which is a business school, the École Supérieure d'Arts Plastiques and the Institut de Formation en Soins Infirmier.

Education in the Principality has also entered the digital age. All teachers have been equipped with laptops since 2019, secondary school students with a laptop or a tablet since 2020 and secondary school students in 2021. The aim of this digital inclusion is to encourage the development of pupils' digital skills and to diversify ways of learning.

The conditions of schooling are also an essential point for the success of education in the Principality. The schools are well maintained and the classrooms are modern. Moreover, they have a maximum of 25 pupils per room, which favours personalised follow-up by the teachers for each pupil.

All the measures taken and the government's investment in promoting an excellent education system in Monaco have produced exceptional results, as the success rates for the baccalaureate and BTS exceed 95% each year.

4. A passion for sport, a Monegasque nature

In the Principality, sport has historically been of great importance. Thanks to frequent sporting events and state-of-the-art sports facilities, the passion for sport is omnipresent among the residents.

Monaco has gained international prestige as an important centre for all kinds of sporting events, such as the Formula 1 Grand Prix, the Monte Carlo Rally, the Monte Carlo Tennis Open, The Herculis and many others.

What sporting facilities are located in Monaco?

  • Stadiums
    • Stade Louis II: international matches and French Premier League matches are hosted here. The stadium offers multi-disciplinary facilities for boxing, volleyball, table tennis, squash, martial arts, basketball and many others.
  • Swimming pools
    • Centre nautique Prince Albert II: an Olympic pool, an initiation pool and a diving pit.
    • Piscine Saint-Charles: A swimming pool located in the centre of Monte-Carlo.
    • Rainier III open-air swimming stadium: a pool with an Olympic pool and a diving board.
  • Other sports facilities
    • The ice rink: Every winter, the Rainier III water sports stadium is transformed into a 1000m2 ice rink.
    • The Monte-Carlo Country Club offers 23 tennis courts and hosts one of the most famous tennis tournaments in the area.

5. Arts and culture are booming in Monaco

The Monegasque government actively supports the arts, cultural institutions and the humanities through various programmes and events. The Prince Pierre Foundation was created to encourage the culture of letters and the arts, through the creation and awarding of prizes.

Cultural venues in the Principality:

  • La Compagnie des Ballets de Monte-Carlo
  • L'Orchestre Philharmonique de Monte-Carlo
  • L'Opéra de Monte-Carlo
  • Le Théâtre Princesse Grace
  • Le Printemps des Arts 

Museums in the Principality :

  • Le Musée océanographique de Monaco
  • Le Musée d'Anthropologie Préhistorique
  • Le Musée des Timbres et des Monnaies
  • Le Nouveau Musée National de Monaco (N.M.N.M.)
  • Le Musée de la collection de voitures anciennes du Prince Rainier III
  • Le Musée Naval
  • Diverses expositions au Grimaldi Forum

Good to know:

One of the most attractive advantages of living in Monaco is the fact that residents are exempt from income tax. If you want to know more about its possible impact on your private and professional life, read our article on the unique advantages of Monaco's tax system.

In conclusion, Monaco's excellent reputation attracts investors from all over the world, which makes its economy and residents prosper. As a result, living conditions in Monaco are unparalleled, and poverty is non-existent in the state. Political stability, low unemployment and crime rates, high quality health care and government assistance programmes ensure that the high standard of living in Monaco is maintained.

If you are planning to move there, here is an article on everything you need to know about buying property in Monaco.

For information on the purchase, sale, rental, management and the estimation of your property in Monaco, our team is available for further information.

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