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Letsa Travel · Monaco

Monaco: smaller than Central Park, with no income tax

A principality of about 2 km² on the Riviera with a casino, a palace and a Grand Prix on its streets.

The story

A whole country on a few square kilometers of coast

Monaco covers 2.08 km² including its newest district, Le Portier, and had 38,857 residents at the 2025 census. Its density of about 18,446 people per km² is the highest of any country. The coastline is only 3.83 km, the shortest of any country with a coast.

The principality has about 5.47 km of land border with France and no border formalities since 1963. The euro is used through an arrangement with France, and French is the official language, although Italian is widely spoken and Monégasque is traditional.

Residents pay no personal income tax, except French citizens, who must still pay income and wealth taxes to France. Monaco grows by building into the sea: Le Portier, a district of about 6 hectares, opened in December 2024.

The Monaco Grand Prix is held on temporary city streets in Monte Carlo. It was first run in 1929 and has been on the Formula One calendar since 1950, and erecting the circuit takes about six weeks.

2.08 km²including the new Le Portier district
38,857residents (2025 census)
3.83 kmof coastline

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Practical guide

Plan your Monaco trip

Check before you go: Monaco has no border controls with France, but its streets close for the Grand Prix and other events, so check dates before you book a hotel. Prices are high, and Nice is the usual cheaper base.

Getting there

  • The Monaco-Monte Carlo station is on the Marseille–Ventimiglia railway, with connections to Nice, Cannes and Marseille.
  • Nice Côte d’Azur Airport is a little under an hour away. A heliport offers helicopter service to Nice airport.
  • There are no border formalities with France.

What to see

  • Monte Carlo is the largest quarter and the main resort area, home to the Casino de Monte-Carlo.
  • Monaco-Ville, the old city on the Rock, holds the Prince’s Palace and the seat of government.
  • The Oceanographic Museum, founded in the years after the casino opened, is another main sight.

The Grand Prix

  • The race is run on the temporary Circuit de Monaco, 3.337 km long, over 78 laps.
  • It is held in late May or early June. From 2026 it moves to the first weekend of June.
  • Temporary grandstands are mostly around the harbor, and setting up the circuit takes six weeks.

Climate and when to go

  • The climate is hot-summer Mediterranean with mild, rainy winters.
  • Average annual maximum is 19.2 °C, with about 2,575 hours of sunshine per year.
  • Summer days above 30 °C are rare, and frost and snow are extremely rare.

Money and tax

  • The euro is used. Monaco is not an EU member but is in the EU customs territory.
  • There is no personal income tax for residents, except French citizens. VAT is 20 percent.
  • Corporate tax is 33 percent unless at least 75 percent of turnover is generated in Monaco.

Language and people

  • French is the official language. Italian is widely spoken, and English is also used.
  • Monégasque, a Ligurian variety, is traditional but not official.
  • About 300,000 international tourist arrivals were recorded in 2022.

Details come from Wikipedia and the official Visit Monaco site, which may not show the latest prices or event dates. We checked on November 1, 2026. Entry rules, fees and prices change, so confirm them with official sources before you reserve.

Want the full picture? Read our complete Monaco travel guide: how to get there, what to see, the Grand Prix, tax and money, climate and a one-day plan.
Where to stay

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Sources checked November 1, 2026: Wikipedia: Monaco · Wikipedia: Monaco Grand Prix · Visit Monaco