Palermo is a city in Southern Italy, the capital of both the autonomous region of Sicily and the Province of Palermo. Palermo is home to much of the region's main economic, financial, touristic and commercial life. The economy mainly relies on tourism and services, but also commerce, shipbuilding, trade and agriculture. Italy is in Southern Europe, a peninsula extending into the central Mediterranean Sea, northeast of Tunisia. The climate is predominantly mediterranean, but Alpine in the far north and hot and dry in the south. The official language is Italian. Accents and dialects may differ from one region to another. Foreign languages (especially English) are now widely spoken, particularly in tourist areas and in cities, using a few phrases of Italian will be appreciated. English is frequently used as a common language at international conferences and in business meetings. The Alto Adige area of northern Italy has a bilingual Italian-German-speaking population. The Valle d'Aosta (north-western Italy) is bilingual Italian-French. Friuli-Venezia Giulia is a Slovenian-speaking area. The Albanian language is widely spoken in the town of Piana degli Albanesi in Sicily. The main religion is Christianity. The economy of Italy is the seventh-largest economy in the world and the fourth-largest in Europe, according to the International Monetary Fund. Italy belongs to the Group of Eight (G8) industrialized nations; it is a member of the European Union and OECD. The country is divided into a developed industrial north dominated by large private companies and an agricultural, state-assisted south. In Italy personal titles are important. The most common forms of greeting are Signore (Mr), Signorina (Miss) or Signora (Mrs). Expatriate business dress is usually formal, fashionable and well-cut. The security risk for expatriates in Italy is low, but medium in Naples. Risks include petty crime (targets include expatriates), terrorism, and risks associated with protest action. The currency of Italy is the Euro (EUR). Banking is on a par with that of the rest of Western Europe and North America. Medical facilities in Italy are good, however the cost of treatment for expatriates from outside the EU can be high. The population of Palermo is 1.3 Million (Metro) (2019 est.), while the inflation rate (CPI) is 1.1% for Italy as at February 2019. Xpatulator Hypothetical Tax for Italy is based on the current personal income tax rates which are progressive up to 43%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Palermo, 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): Palermo as at 1 January 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Very High 3) Communication: Low 4) Education: Low 5) Furniture & Appliances: Low 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Low 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Average 13) Transport: High Palermo is for example 24.4% more expensive than Houston TX for groceries, -1% cheaper for household costs than Kuala Lumpur, and 70.5% more expensive for transport costs than Dubai. The hardship premium for Palermo for an expat from Perth, is for example 0%, i.e. host location (Palermo) premium of 10% minus home (Perth) location premium of 10%. Palermo is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Palermo? Register subscribe to your home location and Palermo and run your personalised reports.