Monte Carlo is an official administrative area located in the principality of Monaco. While it is often associated with Italy due to its proximity, it specifically functions as a ward within the sovereign territory of Monaco. The name also informally refers to the larger Monte Carlo Quarter, which encompasses several wards including Monte Carlo/Spélugues, La Rousse/Saint Roman, Larvotto/Bas Moulins, and Saint Michel.
The population of the specific ward of Monte Carlo is approximately 3,500 people, while the broader Monte Carlo Quarter has a population of about 15,000. It is one of the four traditional quarters of Monaco, situated in the eastern portion of the principality alongside Fontvieille, Monaco-Ville, and La Condamine.