Palau is in Oceania, and consists of a group of islands in the North Pacific Ocean, southeast of the Philippines. The climate is tropical, hot and humid with a wet season from May to November. The official languages are Palauan and English The main religions are Christianity and Modekngei (indigenous belief). The economy of Palau consists primarily of tourism, subsistence agriculture, and fishing. Tourist activity focuses on scuba diving and snorkelling in the islands' rich marine environment, including its barrier reefs walls and World War II wrecks. The government is the major employer of the work force, relying heavily on financial assistance from the US. Expatriate business dress is adapted for the tropical climate in the form of lightweight suits. The security risk for expatriates in Palau is low. Risks include low levels of petty crime, burglary, and on rare occasions violent crime, murder and sexual assault. The currency of Palau is the US Dollar (USD). Medical facilities are adequate for routine medical care, but limited in availability and quality. Up front payment is often required for treatment. Serious or complex medical treatment may require evacuation which can be very expensive. The population of Palau is 21,500 (2018 est.), while the inflation rate (CPI) is 1.8% for Palau as at 2016. Xpatulator Hypothetical Tax for Palau is based on the current personal income tax rates which are progressive up to 12%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Palau, 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): Palau as at 1 January 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Low 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Palau is for example -14.5% cheaper than USA for groceries, 14.5% more expensive for household costs than UK, and 40.9% more expensive for transport costs than India. The hardship premium for Palau for an expat from Australia, is for example 30%, i.e. host location (Palau) premium of 40% minus home (Australia) location premium of 10%. Palau is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Palau? Register subscribe to your home location and Palau and run your personalised reports.