Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government . The Bahamas are a chain of Caribbean islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba. Tropical marine; moderated by warm waters of Gulf Stream. Long, flat coral formations with some low rounded hills. The official language is English. English is mainly spoken in business circles. The main religion is Christianity. The economy of The Bahamas is that of a stable, developing nation heavily dependent on tourism and offshore banking. The population in Nassau is 0.25 Mil (2014 est.), while the inflation rate is 1.18% (2014 est.).
Cost Of Living
The cost of living for expatriates in Nassau as at 1 July 2014 is very high in comparison to other places in the world. In Nassau, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Average 3) Communication: Very High 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Average Nassau is for example 52.6% more expensive than Montevideo for groceries, 91.3% more expensive for household costs than Durban, and -0.4% cheaper for transport costs than Athens. Nassau is ranked as a some hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Nassau for an expat from Zurich is for example 10%, i.e. host location (Nassau) premium of 20% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Nassau? Register subscribe to your home location and Nassau and run your personalised reports.