Monaco has one of the highest costs of living in the world, with real estate prices among the most expensive globally due to its limited space and high demand.

Monaco has a Mediterranean climate, characterized by mild, wet winters and hot, dry summers. The country enjoys plenty of sunshine throughout the year, with moderate rainfall mainly occurring during the cooler months. The coastal location of Monaco provides a temperate weather pattern, with the influence of the Mediterranean Sea helping to moderate temperatures.

The educational system in Monaco is known for its high quality and is structured similarly to the French system, reflecting the principality's close ties with France. Education in Monaco is mandatory for children from the ages of 6 to 16. The school year typically starts in early September and ends in early July, with the calendar divided into three terms. The system is divided into kindergarten (maternelle), primary education (école élémentaire), lower secondary education (collège), and upper secondary education (lycée). Children start their schooling in maternelle at the age of 3, where they are introduced to the basics of reading, writing, and numeracy, as well as social skills. At the age of 6, they progress to école élémentaire for five years, followed by four years at collège, where they receive a more comprehensive education, including foreign languages, science, and technology. At the end of collège, students take the Diplôme National du Brevet examination. Those who wish to pursue higher education attend lycée for three years, where they prepare for the baccalauréat exam, which is necessary for university admission. Monaco has a mix of public and private schools, with curricula in multiple languages to cater to its international community. The International School of Monaco, for example, offers an English-language education that follows the International Baccalaureate (IB) program. Overall, the education system in Monaco is geared towards providing students with a comprehensive and multilingual education, preparing them for higher education and global opportunities.

Monaco boasts a high-quality healthcare system that is accessible to all residents, including expats and digital nomads, once they obtain residency and contribute to the social security system. The state-funded public healthcare is operated by the Caisse de Compensation des Services Sociaux (CCSS) and provides comprehensive coverage. Private healthcare is also available and is known for its excellent service and shorter waiting times. The quality of both public and private healthcare in Monaco is generally considered to be excellent, with well-trained medical staff and modern facilities. Healthcare costs can be high, especially for private services, but are manageable for residents through the public system or private insurance. Expats and digital nomads can access public healthcare by registering with the CCSS and paying into the social security system, which is typically done through employment in Monaco.