Is everyone who lives in Monaco rich?

Probably the majority are not rich. There are plenty of restaurant workers, nannies, maids, yacht deck hands, and bank clerks who have negative net worths. There are no beggars nor starving people. You can eat at a MacDonalds or Pizza stand for half the prices in Switzerland. read more

Micro-state of Monaco is rightly called as the playground of rich and famous. To add more to the list Monaco is the only country in the world with Human Development Index above 1. The city-state of Monaco is among the safest countries in the world. read more

Monaco is also easily accessible via Nice airport, a short hop across the border in France. Yolande Barnes, a director at real estate consultancy Savills World Research, said many super-rich prefer Monaco over offshore tax havens like the Cayman Islands."People don't want to feel exiled," she said. read more

However, Monaco is essentially a couple of neighborhoods in a large French city that due to a historical quirk are their own country, and lots of people live in the surrounding neighborhoods and commute in. read more