F1 drivers choose Monaco for luxury living and tax benefits
Yahoo Sports • 1 min read • Latest: Jun 4, 2026, 5:30 AM
Last updated Jun 4, 2026
Monaco is known as the unofficial home of Formula 1 drivers, housing both current and former stars like Max Verstappen, Lando Norris, and Charles Leclerc. The principality's lack of income tax, combined with its luxury lifestyle and safety, attracts elite racing talent. With its excellent travel connections and a strong motorsport culture, Monaco serves as a practical base for drivers between races. Many drivers maintain residences in Monaco to take advantage of these benefits.
- •Monaco hosts many current F1 drivers, including Lewis Hamilton and Valtteri Bottas.
- •Drivers enjoy tax advantages with no personal income tax in Monaco.
- •The principality provides excellent access to global race locations.
- •Monaco's strong security and privacy attract elite athletes.
- •The Monaco Grand Prix is a key event in the F1 calendar.
- 5:30 AMYahoo Sports — The F1 drivers who live in Monaco and why they choose to live there
"Monaco has long been regarded as the unofficial home of Formula 1 drivers. Despite covering less than one square mile, the principality is home to a remarkable number of current and former F1 drivers.
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