Monaco · jobs, pay, tax and the rules
Working in Monaco
Monaco has twice as many jobs as residents, and nine in ten of the people who fill them commute from France or Italy. Here's what work there pays, how hiring and work permits work, and what you pay in tax.
Anyone can work in Monaco if an employer hires them, but every foreign employee needs a work permit, applied for by the employer, and Monaco's law makes employers consider Monegasques and some residents first. Half of private-sector employees earn more than €3,475 a month gross, the minimum wage is €12.31 an hour plus 5%, and the legal week is 39 hours. Residents who aren't French pay no income tax, but everyone pays social contributions, and most workers live in France and pay French tax.
Jobs and hiring
At the end of 2025 Monaco had 77,866 jobs for 38,857 residents, and 59,724 people working in its private sector (IMSEE). The biggest employers by sector are temporary and support work, hotels and restaurants, and construction. Every vacancy must be declared to the Service de l'Emploi, which has four working days to send priority candidates before the employer can pick its own. See jobs in Monaco for the sectors, the priority order and the work permit, step by step.
Pay
The median gross salary was €3,475 a month in 2025 and the average €5,195, up 4.1% and 5.4% on 2024, for a full-time equivalent with bonuses included (IMSEE). Finance and insurance pays the most (median €6,858), administrative and support services the least (€2,764). The legal floor follows the French SMIC: €12.31 an hour from 1 June 2026, or €2,080.39 a month for 39 hours, plus Monaco's 5% allowance. Details: average salary in Monaco and minimum wage.
Tax
Monaco has had no personal income tax since 1869, except for French nationals, who pay French tax under the 1963 convention. Employees pay about 13% of gross pay in pension and unemployment contributions, and employers about 32% on top. If you live in France, you pay French income tax on your Monaco salary. See tax in Monaco for the rates and a worked example.
Living there
Homes sold for €57,569 per square metre on average in 2025, and there are no official rent figures. Living in Monaco needs a residence card, which means proving a home there, enough money and a clean record. See living in Monaco and Monaco residency. For the 12 public holidays, including Sainte Dévote and the Prince's day, see public holidays in Monaco.
Most people who work in Monaco live in France: see salaries in France for what the same jobs pay across the border.
Everything about working in Monaco
Jobs in Monaco
Live listings, who employs the most people, pay by sector, and the priority hiring and work permit rules
Tax in Monaco
No income tax for residents (except the French), the social contributions every employee pays, and who pays French tax
Average salary in Monaco
Official private-sector pay from IMSEE: the median, the average, pay by sector and take-home pay
Monaco residency
Who needs a residence card, the four card types, what you must prove and where to apply
Living in Monaco
Property prices by district, how renting works, where Monaco's workers live and what moving involves
Minimum wage in Monaco
€12.31 an hour from 1 June 2026, plus Monaco's 5% allowance, with rates by age and overtime
Public holidays in Monaco
All 12 public holidays in 2026, what happens when one falls on a Sunday, and pay for working them
Hiring now
Jobs in Monaco and the Riviera now
Live listings from our job search partner, Careerjet. Applying takes you to the employer's site.
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Questions about working in Monaco
Can I work in Monaco?
Yes, if an employer hires you. Every foreign employee needs a work permit, which the employer applies for through the Direction du Travail. The law gives priority to Monegasques, then to some foreigners (such as spouses of Monegasques and residents of Monaco), and only then to anyone else. About 98% of private-sector employees are foreign nationals, so this is how most people work there.
Do you need to live in Monaco to work there?
No. Nine in ten private-sector employees live outside Monaco: 81.5% in France, mainly around Nice and Menton, and 8.3% in Italy (IMSEE, 2025). You need a work permit, not a residence card.
How much do people earn in Monaco?
Half of private-sector employees earned more than €3,475 a month gross in 2025 (full-time equivalent, bonuses included), and the average was €5,195, according to IMSEE. Finance and insurance pays the most, with a median of €6,858 a month.
Do you pay tax if you work in Monaco?
Residents who aren't French pay no income tax. French nationals living in Monaco, and anyone living in France, pay French income tax on their Monaco salary. Every employee pays social contributions for pensions and unemployment, about 13% of gross pay on a typical salary.