The US Virgin Islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles. Tropical maritime; little seasonal temperature variation. Trade winds keep the islands relatively cool and dry. Mostly volcanic in origin and have a hilly, rugged terrain. The official language is English. Spanish, Creole and French are also spoken. The main religion is Christianity. The economy of the Virgin Islands is mainly based on tourism but also has a manufacturing sector consisting of petroleum refining, textiles, electronics, rum distilling, pharmaceuticals, and watch assembly and international business and financial services that while small are a growing component of the economy. The population in US Virgin Islands is 0.109 Mil (2014 est.), while the inflation rate is 2.2% (2014 est.).
Cost Of Living
The cost of living for expatriates in US Virgin Islands as at 1 October 2014 is high in comparison to other places in the world. In US Virgin Islands, 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: Low 3) Communication: High 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: High 13) Transport: High US Virgin Islands is for example 29.9% more expensive than Uruguay for groceries, 49.6% more expensive for household costs than South Africa, and 10% more expensive for transport costs than Greece. US Virgin Islands 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 the US Virgin Islands for an expat from Switzerland, is for example 10%, i.e. host location (the US Virgin Islands) premium of 20% minus home (Switzerland) 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 US Virgin Islands? Register subscribe to your home location and US Virgin Islands and run your personalised reports.