What is Monaco Known For? (17 Things It’s Famous For)

Monaco is a sovereign city-state, which means it also counts as a country, and it’s located on the French Riviera. Monaco has a reputation for being the city of millionaires and is typically the stomping ground of the rich and famous. Monaco is the second smallest country in the world but is the most densely populated. As a sovereign city-state, Monaco is small, but it is steeped in rich history dating back to the 13th century. When people think of the French Riviera, Monaco’s stunning landscape usually comes to mind.

Monaco is known for being the city of the rich and famous while still being a highly sustainable city-state. Those who live in Monaco live a life of luxury, making it the ideal destination for those who want to experience what a city of riches and luxury can offer.

A Luxury Tax Haven

As one of the wealthiest countries in the world, Monaco has one of the highest GDP per capita on the planet. The only other location to top Monaco as a tax haven is Luxembourg. That said, about one in three people living on this side of the French Riviera are millionaires, making Monaco the city of luxury. The fact that the city is also a tax haven adds to the overall charm and explains the sovereign city-state’s wealth. Those who want to experience a luxury tax haven would do well to book a trip to Monaco.

One of the Smallest Nations in the World

As a sovereign city-state, Monaco is a thriving city and a country of its own. As such, Monaco is considered one of the smallest nations in the world. To put things into perspective, Monaco’s nation is smaller in size than Central Park in New York. It is the second smallest nation in the world, with Vatican City taking up the top spot. So if you’re worried about seeing everything Monaco has to offer, you can tour the city in about a day. Touring an entire country in a day undoubtedly has its charms.

Born and Raised in Monaco

Typically, the natives of a specific location will always outnumber the residents from around the world, but this is not the case in Monaco. As a country of millionaires, more than 75% of residents in Monaco were not born and raised there. Those born and raised in Monaco, known as the Monégasqu, only comprise about 21.6% of the country’s population. As a destination for the rich and famous, it is no surprise that a large percentage of the population comes from outside the country.

The Highest Life Expectancy

Life expectancy and wealth tend to go hand in hand, and Monaco is no different. In fact, as one of the wealthiest countries in the world and the city with the most millionaires, Monaco also has the highest life expectancy for its residents. At a life expectancy of 85.8 years, Monaco has a reputation for being an excellent location for retirement planning. The Mediterranean diet helps, as well as the abundance of fruits, vegetables, and the country’s focus on seafood.

One of the Most Expensive Places to Live

While Monaco is known for many interesting things, such as the highest life expectancy, such a thing comes with a price. Monaco is one of the richest countries in the world, while simultaneously being one of the most expensive places to live. Most people who live in Monaco are millionaires, which shows in the extravagant lifestyle of the rich and famous on the French Riviera. As such, those with plans for a more permanent resident in Monaco would do well to note the overall expenses that come with living in the sovereign city-state.

It Can Be Surprisingly Affordable for Tourists

While Monaco is known to be one of the most expensive places to live and one of the world’s wealthiest countries, there are a surprising number of things to do for those who don’t feel like spending a significant amount. Monaco undoubtedly has many expensive luxury establishments, but it also has accommodations for those with a tight budget. It makes Monaco a surprisingly friendly place to live for those trying to save money while traveling. Monaco has something for everyone, as it offers a fantastic experience for travelers from both ends of the spectrum.

A Strange Refuge for the Super Wealthy

Monte Carlo in Monaco is one of the world’s most popular casinos. However, did you know that gambling is banned for the residents of Monaco? Monte Carlo is a world-famous casino, and somehow, only foreigners are allowed to enter. Yet, strangely, this super luxury city has a ban against gambling to the point where the residents aren’t allowed to enter its most famous casino. It seems to have stemmed from the historical rulers of Monaco banning gambling when it wasn’t yet a city for the wealthy.

The Police Capital of the World

As a haven for the rich and famous, it’s only natural that Monaco is also one of the most policed locations in the world. Monaco has a single police officer for every 73 residents, having more police per capita than any other country or city in the world. Of course, when you have one in three millionaires, it’s only fair that wealth and luxury have sufficient protection. As the most policed country/city in the world, it’s not a good idea to cause trouble in Monaco.

Stunning Viewpoints

As one of the richest countries in the world, while still being a sovereign city-state, Monaco is also home to some of the most stunning viewpoints, making the city one of the most photogenic in the world. Most tourists line up to take pictures of great sites, especially the Port de Fortvielle. The view from the Port de Fortvielle is breathtaking, with some of the best times to take pictures being noontime and evening. As a home for those looking to experience an extravagant lifestyle, Monaco is an incredibly picturesque city.

The Jewel of the French Riviera

Monaco is one of the most popular tourist destinations not just because of the city itself but also the location. Monaco is located on the French Riviera, which means you can also access incredible vistas outside the city. Having Monaco as your travel base of operations while you experience the sights and sounds of the French Riviera is undoubtedly a great plan. After all, the French Riviera is considered one of the most beautiful destinations in the world, making it well worth the money and effort.

The Monaco Yacht Show

Considering that Monaco is well-known to be the lap of luxury, you can also expect it to have plenty of yachts lining its beautiful ports. There’s even the Monaco Yacht Show, where you can enjoy the luxury and splendor of the best yachts in the world. It’s the largest event in Europe concerning yachts, and you’ll see people trade and bid for yachts from all over the world. It’s an impressive sight and is just one of the many things Monaco is known for.

Breathtaking Cuisine

The Mediterranean diet is truly something to behold, but that’s not the only thing Monaco is known for. It’s a hotpot of different cuisines, and you know that any country housing the rich and famous is bound to have some incredible food choices. The breathtaking cuisine of Monaco is such that the country also has the highest life expectancy in the world. When a country boasts such an achievement, it only makes sense that it’s also a foodie’s paradise. Its location on the French Riviera also means you get to enjoy everything French cuisine has to offer.

Easy Access in Europe

One reason why Monaco is such a popular tourist destination is how easy it is to get to the sovereign city-state. Monaco’s train station allows you to get to the city by train from any part of France. Those who are already on the French Riviera will end up in Monaco before they know it. While Monaco is a country on its own, there is no border control, which means it’s similar to visiting any other city. So long as you’re in Europe, Monaco is incredibly easy to access as a travel destination.

Jardin Exotique de Monaco

Anyone looking to get in touch and immerse themselves in nature will enjoy the Jardin Exotique de Monaco. It’s a beautiful and vast botanical garden located by the cliff sides of the sovereign city-state. For those who manage to time their visit to spring or summer, you’ll find beautiful flowers blooming among the many plants of this botanical garden. It’s an incredible experience for those who want something more tranquil and peaceful during their travels. Monaco has many things to offer those looking for both peace and excitement.

A Thriving, Exciting Nightlife

Those who visit Monaco are attracted to the picturesque vistas, its location on the French Riviera, and the exciting nightlife. Monaco comes alive at night, making it quite picturesque for those looking for incredible views. As a home for the rich and famous, the city starts to glow at night as the bars and clubs come to life. It’s a thriving, exciting nightlife for those who want to lose themselves to the passions of the city.

Monaco’s Mild Climate

One of the greatest things about Monaco is also one of the most underrated: its mild climate. It doesn’t seem like such a big deal, but keep in mind that tourists come from all over the world. Canada might be an incredible place to visit, but those who aren’t used to the cold will have a hard time in specific seasons. Tropical countries can be fantastic, but the heat is a problem. Monaco has a mild climate that just about everyone can enjoy.

Shopping Central for Luxury Products

Are you interested in shopping for luxury products? Considering that Monaco’s millionaires make up a large portion of the population, you can bet that the city-state has so much to offer those who love to shop. So many things are on offer that it’s hard to decide what to buy. This is why so many rich and famous personalities visit Monaco at least once a year. It’s an incredible place to shop, and the malls and boutiques can be breathtaking.