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2021 International cost of living and hardship / quality of living data for 780 global locations.

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Falkland Islands, All Areas

Falkland Islands, All Areas

Cost of living in the Falkland Islands, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at October 2021.

What is it like to live in the Falkland Islands?

Climate: The climate is cold marine with strong westerly winds, cloudy and humid. It rains more than half of the days in a year and there is occasional light snow all year, except in January and February.

Language: The official language is English.

Religion: Christianity.

Economy: The economy of the Falkland Islands, previously heavily over-dependent on sheep farming (and historically whaling), has become more diversified in the last decades and now also has income from tourism and commercial fishing as well as a service base for the fishing industry.

Inflation: 3.1% for the Falkland Islands as at September 2021.

Money: The currency of the Falkland Islands is the Falkland Islands Pound (FKP) which is fixed against the British Pound.

Tax: In Falkland Islands is based on the current personal income tax rates which are progressive up to 26%.

Population: 3,500 (2020 est.)

Expat Life: The safety risk for expatriates in the Falkland Islands is low. Risks include the relatively low risk of petty crime.

Health Care: Health care facilities are limited. Serious or complex health care treatment may require evacuation which can be expensive.

The Falkland Islands covers all areas within the country other than Stanley.

Cost Of Living

What is the cost of living in Falkland Islands?

The cost of living for expatriates in Falkland Islands as at October 2021 is average in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 73.33 (New York =100). We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Falkland Islands is as follows:

1) Alcohol and/or Tobacco: Cost is high for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1,000 in New York costs USD$870. Average price in a store for a midrange bottle of wine is USD$8.78, domestic/local beer (500ml) USD$1.96, imported/international beer (330ml) USD$2.47 and a pack of 20 cigarettes is USD$11.38.

2) Clothing: Cost is high for items such as business, casual and children's clothing and footwear. A basket costing USD$1,000 in New York costs USD$1160. Average price for an international brand of mens jeans is USD$58, a quality international brand of running shoes USD$68, mens leather shoes suitable for office wear USD$68 while a medium size international summer dress from a global chain store is USD$36.

3) Communication: Cost is low for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$138. Average price for a monthly standard plan internet subscription is USD$30, while the benchmark mobile tariff is USD$0.12 per minute.

4) Education: Cost is average for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30,000 in New York costs USD$20700. Average annual private international school fee (excluding extras) USD$13,384 for Primary School, and USD$14,894 for High School.

5) Furniture & Appliances: Cost is average for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2,500 in New York costs USD$1775. Average price for a 6kg front loader Washing Machine is USD$653, and USD$561 for a 46+'' LED UHD TV.

6) Groceries: Cost is average for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1,000 in New York costs USD$700. Average grocery prices in a major international retail store for 1 kg apples is USD$2.03, 1 kg oranges USD$1.73, 1 head lettuce USD$1.01, 1 kg potatos USD$1.23, 1 kg boneless, skinless, chicken breast USD$9.39, 1 kg cheddar cheese USD$15.41, 1 dozen large eggs USD$2.35, 500g loaf white bread USD$2.45, 1 L full cream milk USD$1.57, and 1.5 L water USD$1.27.

7) Healthcare: Cost is average for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1,000 in New York costs USD$740. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$60, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,855.

8) Household Accommodation: Cost is high for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5,000 in New York costs USD$3400. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$2,582 in a central location, and USD$1,792 in a suburban location, per month, excluding utilities.

9) Miscellaneous: Cost is average for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$380. Average price for dry cleaning (1 mens 2 pc suit) is USD$7.44, while an international newspaper is USD$2.29.

10) Personal Care: Cost is average for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$350. Average cost for a mens haircut and blow dry is USD$28, while a womens hair colour, cut and blow dry - medium length is USD$140.

11) Recreation & Culture: Cost is average for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$360. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$9.95, and an international fitness, recreation or sports club membership cost for one adult is USD$30 per month.

12) Restaurants Meals Out and Hotels: Cost is average for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1,000 in New York costs USD$640. Average cappuccino price (regular, medium) is USD$3.78, coke/pepsi (330ml) USD$1.70, burger meal (international franchise or similar) USD$7.64, and a mid-range international restaurant meal for 2 USD$54.45.

13) Transport: Cost is average for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1,000 in New York costs USD$830. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.08, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$20,136.

How does the cost of living in Falkland Islands compare?

Falkland Islands is -15.5% cheaper than USA for groceries, -5.2% cheaper for household costs than UK, and 64.6% more expensive for transport costs than India.

What is the quality of life / hardship in Falkland Islands?

Falkland Islands is ranked as a high degree of hardship location.The hardship premium for Falkland Islands for an expat from Australia, is for example 20%, i.e. host location (the Falkland Islands) premium of 30% minus home (Australia) location premium of 10%.

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