Retire in Monaco
Last updated on Oct 26, 2023
Summary: Retirees are attracted to Monaco for its luxurious lifestyle, stunning scenery, and tax-free environment. Monaco is known for its mild Mediterranean climate, with warm, sunny summers and mild, wet winters. The average temperature in Monaco ranges from the mid-50s to the mid-70s Fahrenheit (12-24 Celsius).
What is it like to retire in Monaco?
"Retirees in Monaco and its surroundings enjoy a luxurious lifestyle with a variety of cultural attractions, recreational activities, and nightlife. The principality of Monaco is a popular destination for retirees, with its mild climate, low taxes, and high quality of life. There is an active expat community in Monaco, with many retirees from all over the world. There are plenty of cultural attractions to explore, such as the Monaco Grand Prix, the Monaco Yacht Show, and the Monaco Opera. There are also plenty of recreational activities to enjoy, such as golf, tennis, sailing, and swimming. Monaco also has a vibrant nightlife, with plenty of bars, clubs, and restaurants to explore," said one retiree in living in Monaco.
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What are the most challenging aspects of retiring in Monaco?
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About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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