Friday, June 25, 2010

Isle of Man, Douglas Cost of Living April 2010

Country Full Name: The Isle of Man. Status: UK Crown Dependency.

Location: The Isle of Man (British Crown Dependency) is an island in the Irish Sea, between Great Britain and Ireland.

Country Climate: Temperate; cool summers and mild winters; overcast about a third of the time.

Country Terrain: Hills in north and south bisected by central valley.

Major Languages: English, Manx.

Major Religions: Christianity.

Country Population: 0.08 million (2008 est.) 0.08 million (2009 est.).

Country Economy: The economy of the Isle of Man is a low tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax and a top rate of income tax of 18%. Offshore banking, manufacturing, and tourism form key sectors of the economy.

Currency: British Pound (GBP).

Country Inflation: 3.1% (2006 est.).

City: Douglas (Manx: Doolish) is the capital and largest town of the Isle of Man.

City Economy: Douglas is home to the High Courts and the Isle of Man Government. The town serves as the Island's main hub for business, finance, shipping, transport, shopping, and entertainment.
Cost of Living: Douglas 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. Douglas is currently ranked 43 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Isle of Man, Douglas