Thursday, December 9, 2010

Vatican City - Cost of Living

The Vatican has its own financial system and banks, with interests worldwide. The incomes of lay workers are sensibly better than those of correspondent counterparts who work in the city of Rome. Living standards may be different, at least in their public evidence, due to particular sober lifestyle required.

Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. The unique, noncommercial economy of Vatican City is supported financially by contributions (known as Peter's Pence) from Roman Catholics throughout the world, the sale of postage stamps and tourist mementos, fees for admission to museums, and the sale of publications.

Vatican City 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.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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