Friday, June 18, 2010

Monaco, Monaco Cost of Living April 2010

Country Full Name: Principality of Monaco.

Location: Monaco is in Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy.

Country Climate: Mediterranean with mild, wet winters and hot, dry summers.

Country Terrain: Hilly, rugged, rocky.

Major Languages: French.

Major Religions: Christianity.

Country Population: 0.033 million (2008 est.) 0.033 million (2009 est.).

Country Economy: Monaco is the second smallest country in the world; only Vatican City is smaller. It is regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries. One of Monaco's main sources of income is tourism; each year many are attracted to its casino and pleasant climate. Monaco levies no income tax on individuals. The absence of a personal income tax in the principality has attracted to it a considerable number of wealthy tax refugee residents from European countries who derive the majority of their income from activity outside Monaco.

Currency: Euro (EUR).

Country Inflation: N/A.

City: Monaco is a small sovereign city-state.

City Economy: Monaco is the name of the country as well as the name of its only and capital city.
Cost of Living: Monaco has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Monaco is currently ranked 20 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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