Caribbean island vs Monaco pro and cons for living

[Praetorian]

About prices is myth.
You can get Capuccino in Monte Carlo for 2-3 EUR
Yes in Hotel de Paris and some luxury establishments can cost 15 EUR.
But the same in luxury Caribbean. Just look at prices in St Barth etc

You have Starbucks in Monaco even Mc Donalds.

About climate yes. Caribbean is full s**t and poverty besides St Barth. The only island in Caribbean which can be compared to Monaco

Where did you go for that ? Every place i went to was overpriced like hell, lowest i found was 7-8 euros and it was a well hidden spot lol...

Clearly need to explore further next time lmao

 

[Cloudbanck]

This, once you get past Monte Carlo, the casino, the nice cars the place gets boring as hell and you feel like you're getting ripped off everywhere you go. 15-20 euros for coffee, a croissant and some water in many places which makes zero sense other than the fact that a lot of the residents are millionaires. It's nice for a week then after that you just feel like you're burning cash in a furnace. If you want opulence and luxury even Dubai is more attractive in comparison.

The one reason i can understand is the proximity to Italy and France but even though, i have a hard time justifying residency in an expensive place just to spend 90% of my time outside of the principauté.

Those middle class folks who work at the government/public function jobs have their apartments provided by the state so they pay considerably lower rent, and even there a lot of them spend their free time in Nice.

Isn't it just like living on the French Riviera, but with no tax. Doesn't sound too bad. I mean if you lived in some other place on the Riviera, like Menton or Cap d'Ail or Antibes or something, you wouldn't need to limit yourself to the 2 square kilometers closest to your home right? You'd spend a lot of time outside those 2km2.

And the French (and Italian) Riviera is pretty nice. Better network effects than a Caribbean island, larger cluster of people, more cultural events and things to do, better access to health care and amenities, and possibility to visit the rest of Europe easily.

 

[Konstanz]

Where did you go for that ? Every place i went to was overpriced like hell, lowest i found was 7-8 euros and it was a well hidden spot lol...

Clearly need to explore further next time lmao

If you go as a tourist you don't know places. You can go to Paris, London luxury 5 start restaurants. Everything is overpriced. The same prices as in Monaco

You can go to Casa del Caffè Monaco. As I remember it was 2-3 eur per good coffee
I think there is around 100 restaurants in Monaco. So lot to choose from

Also if you go there as a tourist on Gran Prix they change Menu for tourists! You don't get real price

Isn't it just like living on the French Riviera, but with no tax. Doesn't sound too bad. I mean if you lived in some other place on the Riviera, like Menton or Cap d'Ail or Antibes or something, you wouldn't need to limit yourself to the 2 square kilometers closest to your home right? You'd spend a lot of time outside those 2km2.

And the French (and Italian) Riviera is pretty nice. Better network effects than a Caribbean island, larger cluster of people, more cultural events and things to do, better access to health care and amenities, and possibility to visit the rest of Europe easily.

Yes it is. But the same in French Riviera. Good quality is not cheap thing

 

[troubled soul]

Hope this help about cost of living

Country	Cost of Big Mac (USD)	Average Monthly Income (USD)
Monaco	12.40	20,300
Bahamas	7.20	1,500
Dubai	6.70	3,500
Thailand	2.50	600
Bali	1.30	250

 

[Asmodeus]

Hope this help about cost of living

Country	Cost of Big Mac (USD)	Average Monthly Income (USD)
Monaco	12.40	20,300
Bahamas	7.20	1,500
Dubai	6.70	3,500
Thailand	2.50	600
Bali	1.30	250

The cost for a big mac is actually (20 AED) 5.44 USD currently in Dubai.

 

[Konstanz]

Hope this help about cost of living

Country	Cost of Big Mac (USD)	Average Monthly Income (USD)
Monaco	12.40	20,300
Bahamas	7.20	1,500
Dubai	6.70	3,500
Thailand	2.50	600
Bali	1.30	250

Big Mac does not cost 12.40 in Monaco. The same price as in nearby France

 

[Alonzo]

Big Mac does not cost 12.40 in Monaco. The same price as in nearby France

Wanted to say the same thing. There is no way Monaco has €10+ Big Macs. It's pretty much the same as France and Carrefour prices are just a bit pricy but nothing overpriced

 

[JohnnyDoe]

Wanted to say the same thing. There is no way Monaco has €10+ Big Macs. It's pretty much the same as France and Carrefour prices are just a bit pricy but nothing overpriced

Millionaires monegasque that go to Carrefour and check price tags

 

[Alonzo]

Millionaires monegasque that go to Carrefour and check price tags

There are Native Monegasques that aren't millionaires... 30-33% in Monaco are millionaires. Don't think everybody here has 7 figures. The natives are getting massive aid from the government.

I'm simply comparing France's prices, nothing else.

 

[uranium]

There are Native Monegasques that aren't millionaires... 30-33% in Monaco are millionaires. Don't think everybody here has 7 figures. The natives are getting massive aid from the government.

I'm simply comparing France's prices, nothing else.

Do you live in Monaco?

 

[JohnnyDoe]

There are Native Monegasques that aren't millionaires... 30-33% in Monaco are millionaires. Don't think everybody here has 7 figures. The natives are getting massive aid from the government.

I'm simply comparing France's prices, nothing else.

This thread is not for native Monegasques. If you are considering relocating to Monaco and are concerned about groceries prices you have a problem.

 

[Alonzo]

This thread is not for native Monegasques. If you are considering relocating to Monaco and are concerned about groceries prices you have a problem.

Concerned?

Can you understand my last sentence?

I'm simply comparing France's prices, nothing else.

Is English difficult for you?

Do you live in Monaco?

No. I've been there once. I also watch documentaries in French

 

[JohnnyDoe]

Can you understand my last sentence?

No, I don’t understand what French grocery prices have to do with relocating to Monaco, I must be retarded.

Is English difficult for you?

Yes your sentences are too complex for me.

No. I've been there once. I also watch documentaries in French

I am a plastic surgeon, because I watch “Botched” on tv and I’ve even had Botox once.

 

[Konstanz]

No, I don’t understand what French grocery prices have to do with relocating to Monaco, I must be retarded.

Yes your sentences are too complex for me.

I am a plastic surgeon, because I watch “Botched” on tv and I’ve even had Botox once.

I can confirm grocery prices are way more higher in Caribbean than in Monaco.
Monaco prices in supermarkets like Careffour, U marche, Casino are the same as in nearby French.

 

[JohnnyDoe]

I can confirm grocery prices are way more higher in Caribbean than in Monaco.
Monaco prices in supermarkets like Careffour, U marche, Casino are the same as in nearby French.

Prices in Nassau (assuming it’s in the Caribbean) are much different than those in Port of Spain, for example.

 

[Paul Tudor Jones]

About prices is myth.
You can get Capuccino in Monte Carlo for 2-3 EUR
Yes in Hotel de Paris and some luxury establishments can cost 15 EUR.
But the same in luxury Caribbean. Just look at prices in St Barth etc

It seem an Espresso is 5 EUR and a Tea will set you back 8 EUR.
But it is Cafe de Paris, after all, so you should expect to pay that.

This, once you get past Monte Carlo, the casino, the nice cars the place gets boring as hell and you feel like you're getting ripped off everywhere you go.

Agree about that, it is extremely boring, everybody that lives there is sad and alone - as evident by the fact that everybody in the street is walking alone with a dog.

If you like living in a place with 90% rich widows/divorced ladies that can't even move their faces due to so many plastic surgeries, then Monaco is the place for you.
If you like actually nice friendly people and interacting with people that are not rich assholes, then you will suffer every minute there.

The only reason it still survives is because people want to be able to say "I live in Monaco" as if anybody is impressed by it. Just take the 8k/month rent you would pay and buy a nice watch with it, you will make the same impression without having to live in a sad 50m2 jail. Every single person I know that lives there is flying away every 2 weeks as it just becomes unbearable.

P.S. It's great for celebrities as the safety is really paramount, and papparazzi is illegal.

 

[Cloudbanck]

A possibly bigger issue than grocery prices is that, apparently, to maintain validity of a Monaco residency permit, one must reside in Monaco for at least 183 days a year.

Bit annoying to be locked down like that. Wonder what happens if one owns a property in Monaco, spends 4 month there, 4 month in say the Caribbean and 4 months in Asia every year.

 

[uranium]

It seem an Espresso is 5 EUR and a Tea will set you back 8 EUR.
But it is Cafe de Paris, after all, so you should expect to pay that.

View attachment 5101


Agree about that, it is extremely boring, everybody that lives there is sad and alone - as evident by the fact that everybody in the street is walking alone with a dog.

If you like living in a place with 90% rich widows/divorced ladies that can't even move their faces due to so many plastic surgeries, then Monaco is the place for you.
If you like actually nice friendly people and interacting with people that are not rich assholes, then you will suffer every minute there.

The only reason it still survives is because people want to be able to say "I live in Monaco" as if anybody is impressed by it. Just take the 8k/month rent you would pay and buy a nice watch with it, you will make the same impression without having to live in a sad 50m2 jail. Every single person I know that lives there is flying away every 2 weeks as it just becomes unbearable.

P.S. It's great for celebrities as the safety is really paramount, and papparazzi is illegal.

I disagree with everything you said
If you have money then Monaco is paradise.
It is safest country on earth. You can buy your own home. Live independently and whenever you get bored, you can go to France or Italy have fun..
I personally just need to live in safest country and I don't need to impress anyone.
Nearby gym and it would be more interesting for me to meet with old people with experience who had successful careers, business, and learn from them. It is much beneficial than hanging out with 20 years old crypto millionaire.

 

[Konstanz]

Prices in Nassau (assuming it’s in the Caribbean) are much different than those in Port of Spain, for example.

Yes so many rich expats live in Trinidad and Tobago. Why not in Honduras, Haiti, Cuba or Venezuela?
I think many people in this forum are not bag packers

A possibly bigger issue than grocery prices is that, apparently, to maintain validity of a Monaco residency permit, one must reside in Monaco for at least 183 days a year.

Bit annoying to be locked down like that. Wonder what happens if one owns a property in Monaco, spends 4 month there, 4 month in say the Caribbean and 4 months in Asia every year.

Monaco for 183 is not a problem (spring, summer, autumn), but you don't have to stay 183 if you have enough substance (home, car etc etc)
Winter you can stay lets say in Dubai or Caribbean , why not?

I don't understand people here. Ok, Monaco is so borring why then it has over-demand of properties there? Why so many people want to own and live there?

 

[JohnnyDoe]

Yes so many rich expats live in Trinidad and Tobago.

Actually it’s one of the richest countries of the region. Many expats there.

Why not in Honduras, Haiti, Cuba or Venezuela?

I chose a developed economy, but you can instead use for comparison nearby Grenada or St Vincent, same result. Or the Dominican Republic if you want to see real cheap prices and drive to the supermarket in your Ferrari.

I think many people in this forum are not bag packers

Last time I used my camelbak I climbed the Petit Piton, does it count as backpacking?

I don't understand people here. Ok, Monaco is so borring why then it has over-demand of properties there? Why so many people want to own and live there?

because they must go somewhere they don’t disturb me