No single place is more associated with Formula One drivers than Monaco. Its glitzy reputation, with the famous harbour front and Casino, fits perfectly with the playboy reputation of racing drivers. So you probably won’t be surprised that almost half the grid lives there. Monaco offers more than just glamour, though. It is the home of many drivers for the following two reasons:
Most importantly, of course, Monaco lacks an income tax. Drivers can keep hold of as much of their wages as possible. The career of a Formula One driver is incredibly short and it is important they save as much as possible for their retirement.
The climate is great. The year-round good weather means that drivers can go out running and cycling every day – it’s definitely easier to get fresh air when the sky is blue and the sun is shining than when it’s pouring down and cold in London or Paris.
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