The cost of living well in Monaco.

Our verdict. Monaco is for the buyer to whom tax matters more than space. Residents pay no income, capital gains or wealth tax, and the principality's millionaire count has risen 58% in ten years. The catch is the price of the ground: homes average €57,569 per square metre across all sales, about £48,000, the highest in the Atlas and well above Mayfair's £27,330. A family year still includes the International School of Monaco at €36,100 for the senior years and a berth at Port Hercule for about €42,000. Set against Dubai, also free of income tax, a square metre costs around five times as much.

1. A prime family home, rented2026£252k

   €299,712 a year · Average Monaco rent of €124.88 per m² a month in 2025 (Savills research) x 200 m² x 12

   Savills World Research Spotlight: Monaco 2026 (Rents section), 2025 (report published 2026)

2. Senior school fees, two children2026-27£61k

   €36,100 a year a child · International School of Monaco, Years 10-13 (incl. IB Diploma) annual tuition 2026/27

   International School of Monaco, Enrolment contract / fee schedule 2026-2027, 2026/27 academic year

3. Membership at a leading golf club—

   Monte-Carlo Golf Club admits members by committee and publishes no fees.

4. A berth for a 20 m yacht2026£35k

   €42,139 a year · Port Hercule 2026 published monthly transit rate, 20.00-21.99 m: 7 low-season months x €2,889.60 + 5 high-season months x €4,382.40, incl. 20% VAT

   Société d'Exploitation des Ports de Monaco, Tarifs Passage 2026 Hors Digue (TTC), 2026 tariff

5. A full-time housekeeper or nanny—

   No official domestic-staff scale or agency survey is published.

6. Tasting menu for two, twice a month2026£17k

   €840 a dinner · Le Louis XV-Alain Ducasse à l'Hôtel de Paris, 'Agapé' menu EUR 420 pp x2, food only, net incl. taxes and service

   Le Louis XV-Alain Ducasse (Monte-Carlo Société des Bains de Mer), carte des mets, 2026-10-13 menu

Figures are published prices, fees and surveys as dated, converted to pounds at the stated rates. They change, vary by home, school year and membership, and are a guide, not a quote. Nothing here is financial, tax or legal advice.

• London£322k+3%
• Dubai£307k−2%
• New York£255k−18%
• Hong Kong£208k−33%
• Miami£176k−44%
• Los Angeles£174k−44%
• Milan£171k−45%
• Paris£160k−49%
• Geneva£152k−51%
• Singapore£147k−53%
• Abu Dhabi£145k−54%
• Amsterdam£120k−62%
• Bangkok£112k−64%
• Riyadh£108k−65%
• Munich£104k−67%
• Manchester£95k−69%
• Lisbon£93k−70%
• Doha£89k−72%
• Muscat£80k−74%
• Marbella£78k−75%
• Phuket£70k−77%
• Jeddah£68k−78%
• Kuala Lumpur£59k−81%
• Manama£36k−88%
• Kuwait City£25k−92%

Pounds at ECB reference rates (Gulf currencies at their dollar pegs) rates of 2026-10-20.