โ Pros and โ Cons of living in Monaco
โ Pros
- โVery safe city with extremely low crime rate.
- โHigh-end restaurants, boutiques, and casinos.
- โWorld-class luxury tourism and events.
- โNo personal income tax.
- โStunning Mediterranean coastal views.
โ Cons
- โExtremely high cost of living.
- โCan feel exclusive and unwelcoming for budget travelers.
- โSpace is limited with very dense urban environment.
- โLimited social diversity.
- โVery limited green spaces.
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