Thursday, June 17, 2010

Marshall Islands, Majuro Cost of Living April 2010

Country Full Name: Republic of the Marshall Islands.

Location: The Marshall Islands are in Oceania. They consist of two archipelagic island chains of 29 atolls, each made up of many small islets, and five single islands in the North Pacific Ocean, about half way between Hawaii and Australia.

Country Climate: Tropical; hot and humid; wet season May to November; islands border typhoon belt.

Country Terrain: Low coral limestone and sand islands.

Major Languages: Marshallese, English.

Major Religions: Christianity.

Country Population: 0.061 million (2008 est.) 0.062 million (2009 est.).

Country Economy: The government of the Marshall Islands is the largest employer, employing 30.6% of the work force. Direct U.S. aid accounted for 60% of the Marshalls' $90 million budget.

Currency: US Dollar (USD).

Country Inflation: 12.9% (2008 est.).

City: Majuro is the capital and largest city of the Republic of the Marshall Islands.

City Economy: Majuro is built on an atoll of 64 islands, the Majuro Atoll. Majuro has a port, shopping district, hotels, and an international airport.
Cost of Living: Majuro has an overall cost of living index which equates it with middle 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. Majuro is currently ranked 125 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Marshall Islands, Majuro