Douglas (Manx: Doolish) is the capital and largest town of the Isle of Man. 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. The Isle of Man (British Crown Dependency) is an island in the Irish Sea, between Great Britain and Ireland. Temperate; cool summers and mild winters; overcast about a third of the time. Hills in north and south bisected by central valley. The official language is English. Manx is also spoken. The main religion is Christianity. 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. The security risk for expatriates in the Isle of Man is low. Risks include low levels of petty crime such as pickpocketing and theft, particularly in tourist areas. The population in Douglas is 0.0262 Mil (2014 est.), while the inflation rate is 5% (2014 est.).
Cost Of Living
The cost of living for expatriates in Douglas as at 1 January 2015 is very high in comparison to other places in the world. In Douglas, 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: High 3) Communication: High 4) Education: High 5) Furniture & Appliances: Average 6) Groceries: High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Douglas is for example 12.8% more expensive than Montevideo for groceries, 40.2% more expensive for household costs than Durban, and 37.8% more expensive for transport costs than Athens. Douglas is ranked as a minimal 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 Douglas for an expat from Zurich is for example 0%, i.e. host location (Douglas) premium of 10% 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 Douglas? Register subscribe to your home location and Douglas and run your personalised reports.