Palikir is the capital of the Federated States of Micronesia. Palikir is located on the island of Pohnpei. The Federated States of Micronesia in in Oceania, it is an island group in the North Pacific Ocean, about three-quarters of the way from Hawaii to Indonesia. Tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage. Islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Chuuk. The official language is English. Many older people speak Japanese and other languages such as Chuukese, Kosraean, Pohnpeian and Yapese. The main religion is Christianity. The economy of the Federated States of Micronesia consists primarily of subsistence farming and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remoteness of the location and a lack of adequate facilities hinder development. Financial assistance from the US is the primary source of revenue. The population in Palikir is 0.0046 Mil (2014 est.), while the inflation rate is 3.4% (2014 est.).
Cost Of Living
The cost of living for expatriates in Palikir as at 1 October 2014 is very high in comparison to other places in the world. In Palikir, 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: Average 5) Furniture & Appliances: Average 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: Average 10) Personal Care: Average 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low Palikir is for example 5.7% more expensive than Montevideo for groceries, 94% more expensive for household costs than Durban, and -12.1% cheaper for transport costs than Athens. Palikir is ranked as a high degree of 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 Palikir for an expat from Zurich is for example 20%, i.e. host location (Palikir) premium of 30% 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 Palikir? Register subscribe to your home location and Palikir and run your personalised reports.