Do you need 500k to live in Monaco?
Do you need 500k to live in Monaco? How to apply for Residency in Monaco, Money Matters. The minimum amount required by the Monaco government for a residency application is 500,000€ per principal applicant to be deposited in an account in the applicant's name with a bank in Monaco and which must always be held with the bank during the residency period.
What is the average rent price in Monaco?
Renting an apartment costs an average of 3,500 euros per month. Add to this amount utilities bills of 400-700 euros and get the price of housing for rent in the amount of the average salary. Renting of apartments is possible only through an agency.