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. The climate is temperate with cool summers and mild winters. It is overcast about a third of the time. 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 currency of UK is the British Pound (GBP). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Douglas is 28,000 (2019 est.), while the inflation rate (CPI) is 1.9% for the Isle of Man as at March 2019. Xpatulator Hypothetical Tax for the Isle of Man is based on the current personal income tax rates which are progressive up to 20%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Douglas, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Douglas as at 1 April 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: High 3) Communication: Very High 4) Education: Low 5) Furniture & Appliances: Low 6) Groceries: Low 7) Healthcare: Average 8) Household Accommodation: High 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very High Douglas is for example -2.5% cheaper than Houston TX for groceries, 51% more expensive for household costs than Kuala Lumpur, and 89.2% more expensive for transport costs than Dubai. The hardship premium for Douglas for an expat from Perth, is for example 0%, i.e. host location (Douglas) premium of 10% minus home (Perth) location premium of 10%. Douglas is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Douglas? Register subscribe to your home location and Douglas and run your personalised reports.