Nothing says luxury like an address in one of the richest sovereign states ITW (in the world). With a mild year-round climate ranging from 50-80˚F, gardens and sunshine abound in this riviera port-city to the rich and famous. In case you were considering a move, or care to dream about the prospect, here is a list of pros and cons to consider:
Pro: With 2.5 miles of oceanfront and 2.7 miles of land border, you are very likely to have an ocean view and a quick walk to the beach.
Con: That view has a cost: most expensive real estate market ITW at $56,300/meter2.
Pro: The average lifespan for Monaco residents is 90 years, the highest ITW.
Con: People stick around a long time: most densely populated country ITW.
Pro: Monaco has the highest rate of millionaires/billionaires per capita ITW.
Con: Not being part of that statistic.
Pro: 0% unemployment rate and no income tax.
Con: Except for the French! They still pay income tax to France.
Pro: Annual Formula One Grand Prix takes place on the streets of the city, so you’re practically guaranteed visibility, for free.
Con: Six weeks to build the track and three weeks to dismantle it, a.k.a. Traffic.
Pro: World-class casino in Monte-Carlo.
Con: Developing a gambling problem, losing your millions, and not being able to afford living in Monaco anymore.
