Saturday, March 6, 2010

Jersey, Saint Helier Cost of Living January 2010

LOCATION: The Bailiwick of Jersey is a British Crown dependency off the coast of Normandy, France. As well as the island of Jersey itself, the bailiwick includes the nearly uninhabited islands of the Minquiers, Écréhous, the Pierres de Lecq and other rocks and reefs.

CAPITAL CITY: Saint Helier

LARGEST CITY: Saint Helier

CURRENCY: British Pound (GBP)

ECONOMY: Jersey's economy is based on financial services, tourism, electronic commerce and agriculture; financial services contribute approximately sixty percent of the Island's economy, and the Island is recognized as one of the leading offshore financial centers. Aside from its banking and finance underpinnings (and the finance industries supporting industries) Jersey also depends on tourism.

Saint Helier has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Saint Helier is currently ranked 30 overall, most expensive place in the world for expatriates to live, out of 300 international locations. 

In terms of the hardship people are likely to experience, assessed in global terms, Saint Helier is ranked as a minimal hardship location with a hardship index of 10%.