Monaco against the financial capitals: income tax side by side (2026)

Monaco against the financial capitals.

Monaco ranks 3rd of 100 places to live for high earners. Income tax on the same salary in Monaco, Paris, London, Milan, Geneva, Zurich, New York and Singapore, on 2026 rates. Type a salary in the widget and the 8 places reorder on the spot.

In short, current to October 2026

Monaco ranks 3rd of 100 places to live for high earners in The Patrician.ch 100, and 2nd of 100 in Europe.
Monaco ranks first, alone or shared, among all 100 places on luxury and society, kept after tax, resident wealth, safety and prestige of address.
On $1,000,000 a year, a resident of Monaco pays $0 of income tax. Milan takes $446,564, Paris takes $441,719, London takes $431,650, New York takes $426,278.
Monaco has levied no personal income tax since 1869. French nationals are taxed by France under the 1963 Franco-Monegasque convention, and US citizens owe US federal tax wherever they live.
Income tax only, for a single filer on 2026 rates. Social contributions are not included.

Each address on this page was last checked against its official sources between 14 October 2026 and 30 October 2026. The sources for each are named on its page.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 12 November 2026. Cite as: Patrician.ch, Monaco against the financial capitals: income tax side by side (2026), patrician.ch/answers/monaco-vs-financial-capitals-income-tax/, October 2026.

Live, on $500,000 a year

Type a salary, the 8 reorder.

The widget below reads the Patrician.ch engine as you type. It opens on $500,000 a year with Monaco, Paris, London, Milan, Geneva, Zurich, New York and Singapore, and any of the 100 places on the board can be added.

See these 2 places for your own income.Monaco and Singapore, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 30 November.

Compare them on my income →

The table

On $500,000 and on $1,000,000.

$500,000 a year

#	Place	Country	Income tax	Effective	Kept	Rank of 100
1	Monaco	Monaco	$0	0%	$500,000	3
2	Singapore	Singapore	$90,758	18.2%	$409,242	5
3	Zurich	Switzerland	$159,961	32%	$340,039	1
4	Geneva	Switzerland	$178,320	35.7%	$321,680	4
5	New York	United States	$189,666	37.9%	$310,334	20
6	Paris	France	$197,482	39.5%	$302,518	23
7	London	United Kingdom	$206,650	41.3%	$293,350	21
8	Milan	Italy	$218,914	43.8%	$281,086	52

$1,000,000 a year

#	Place	Country	Income tax	Effective	Kept	Rank of 100
1	Monaco	Monaco	$0	0%	$1,000,000	3
2	Singapore	Singapore	$207,950	20.8%	$792,050	5
3	Zurich	Switzerland	$364,377	36.4%	$635,623	1
4	Geneva	Switzerland	$399,840	40%	$600,160	4
5	New York	United States	$426,278	42.6%	$573,722	20
6	London	United Kingdom	$431,650	43.2%	$568,350	21
7	Paris	France	$441,719	44.2%	$558,281	23
8	Milan	Italy	$446,564	44.7%	$553,436	52

Monaco on its own page: Monaco. The ranking: The Patrician.ch 100 and Europe. Safety for all 100: safety, compared. Every place at any income: the tax calculator.

Where residents come from

Monaco against home.

Income tax a year in the cities many Monaco residents moved from, against $0 in Monaco, for a single filer on salary at 2026 rates.

City	Country	On $250,000	On $1,000,000	In Monaco
Brussels	Belgium	$126,104	$527,354	$0
Stockholm	Sweden	$113,400	$492,525	$0
Vienna	Austria	$106,138	$481,138	$0
Amsterdam	Netherlands	$100,433	$471,683	$0
Munich	Germany	$97,016	$451,098	$0
Milan	Italy	$105,089	$446,564	$0
London	United Kingdom	$94,150	$431,650	$0
Geneva	Switzerland	$72,840	$399,840	$0

Home figures: PwC Worldwide Tax Summaries, taxes on personal income (fetched 27 Sep 2026); Skatteverket, 2026 municipal and regional tax rates and the 2026 state income tax threshold. Income tax only, national and local where it applies, social contributions not included. Monaco's zero does not reach French nationals, under the 1963 Franco-Monegasque convention, or US citizens, who owe US federal tax anywhere. Any city, any income: the tax calculator.

For editors

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Questions

The short answers.

Does Monaco have income tax?

No personal income tax for residents, and none since 1869.

French nationals are taxed by France under the 1963 Franco-Monegasque convention, and US citizens owe US federal tax wherever they live.

Where does Monaco rank as a place to live?

3rd of 100 in The Patrician.ch 100, and 2nd in Europe.

The list scores tax, safety, schools, healthcare, cost, where millionaires are moving and how a foreign national gets in.

Are social contributions included?

No. These are income tax figures only.

In Paris, London, Milan and New York an employee also pays social contributions on salary, which these figures leave out.

The Dossier: your top 3, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 30 November. Refunded in full within 7 days of delivery, no reason needed.

Read chapters 1 to 3, free →

The Patrician Letter

The rules move. Be told when they do.

Sent when it earns the send, not on a schedule. Never shared, one tap to stop.

Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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Monaco against the financial capitals.