Where do F1 drivers currently live and why do many of them choose Monaco?

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Where do F1 drivers currently live and why do many of them choose Monaco?

The Principality is a firm favourite for F1 drivers past and present - but why is that?

Yara Elshebiny

Sunday 1 March 2026 22:03 Updated: 22:40

With a global calendar and multi-million-dollar paychecks, where do Formula 1 drivers choose to call home in 2026?

While some stars prefer to stay close to their roots, others choose to reside in different parts of the world. Yet, one location stands out as a popular choice among many of them: the glamorous principality of Monaco.

With its luxurious lifestyle, stunning scenery and perfect climate this Mediterranean jewel has become a magnet for many stars from the current 2026 F1 grid, with a host of drivers calling it home.

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However, almost every driver has a second or even third home in another corner of the world.

Lewis Hamilton, for example, has a global portfolio with properties in London, LA, Colorado and New York as well as his residence in Monaco, whereas former F1 star Daniel Ricciardo splits his time between Los Angeles and his hometown of Perth.

So, where do all 22 of the 2026 F1 drivers live, and why did many of them choose Monaco? Let's find out.

Where do F1 drivers live?

Here's a rundown of who's living where in 2026.

Driver	Team	Nationality	Residence
Kimi Antonelli	Mercedes	Italian	San Marino
George Russell	Mercedes	British	Monaco
Max Verstappen	Red Bull	Dutch-Belgian	Monaco
Isack Hadjar	Red Bull	French-Algerian	Italy/France
Charles Leclerc	Ferrari	Monegasque	Monaco
Lewis Hamilton	Ferrari	British	Monaco
Lando Norris	McLaren	British-Belgian	Monaco
Oscar Piastri	McLaren	Australian	Monaco
Fernando Alonso	Aston Martin	Spanish	Switzerland
Lance Stroll	Aston Martin	Canadian-Belgian	Switzerland
Liam Lawson	Racing Bulls	New Zealand	Monaco
Arvid Lindblad	Racing Bulls	British	England
Pierre Gasly	Alpine	French	Italy
Franco Colapinto	Alpine	Argentine	Argentina
Nico Hulkenberg	Stake F1 Team	German	Monaco
Gabriel Bortoleto	Stake F1 Team	Brazilian	Monaco
Alexander Albon	Williams	Thai-British	Monaco
Carlos Sainz	Williams	Spanish	Monaco
Esteban Ocon	Haas	French	Switzerland
Ollie Bearman	Haas	British	Monaco
Sergio Perez	Cadillac	Mexican	-Miami
Valtteri Bottas	Cadillac	Finnish	Monaco

Why does Monaco attract so many F1 drivers?

The answer lies in a potent cocktail of sun, glamour and tax benefits. Monaco residents enjoy a zero-tax policy (no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax), which is a significant advantage for those earning multimillion-dollar salaries.

Beyond the financial, Monaco's location in the heart of Europe makes it a logistical dream for F1 drivers. Proximity to major race tracks across the continent minimises travel time and fatigue.

Privacy and security are also key in Monaco's allure. The strict government regulations on photography further shield celebrities from unwanted paparazzi intrusions, allowing them to enjoy a bit of normalcy amidst the whirlwind of their careers.

However, it's not all sunshine and roses in Monaco. Even with robust security measures, privacy breaches aren't unheard of. Charles Leclerc's home address was leaked in 2024, leading to unwanted interruptions at his doorstep.

F1 driver residences FAQs

Where does Lewis Hamilton live?

Lewis Hamilton currently lives in a luxurious penthouse in Monte Carlo, Monaco, with stunning views of the Mediterranean Sea.

Where does Max Verstappen live?

Max Verstappen lives in a penthouse in Monte Carlo reportedly worth $16 million.

Do all drivers live in Monaco?

No, not all drivers live in Monaco. Some, like Alonso, value family ties and cultural connections in their home countries, others, like French racing stars Ocon and Gasly wouldn't benefit from a tax perspective as much as stars who hold a different passport, which could explain why none of the native French drivers on the 2026 grid reside in Monaco.

How much does it cost for a square meter of real estate in Monaco?

Monaco consistently ranks as one of the most expensive real estate markets globally. As of 2025, the average price per square meter of apartments and lofts in Monaco is estimated to be around €55,000 (approximately $61,000), with luxury apartments reaching astronomical figures.

This high cost is partly driven by limited land availability and the Principality's reputation as a tax haven, attracting wealthy individuals from around the world.

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