The City of San Marino is the capital city of the Republic of San Marino. The economy of the city of San Marino is closely bound to that of the country. San Marino is in Southern Europe, an enclave in central Italy. The climate is mediterranean with mild to cool winters and warm, sunny summers. The official language is Italian. An Emiliano-Romagnolo dialect, which is similar to Italian, is also widely spoken. Many people also speak English. The main religion is Christianity. The tourist sector contributes over 50% of San Marino's GDP. Other key industries are banking, electronics, and ceramics. The main agricultural products are wine and cheese. In San Marino, Italian culture and norms predominate. Business is generally conducted in formal and conservative manner. Expatriate business dress typically comprises suits with ties. The security risk for expatriates in San Marino is low. Risks include low levels of petty crime, while violent crime is rare. The currency of San Marino is the Euro (EUR) however San Marino is not a member of the European Union. Banking is on a par with the rest of Western Europe and North America. Medical facilities are excellent, however the cost of treatment for expatriates is high. The population of San Marino is 33,300 (2019 est.), while the inflation rate (CPI) is 1.6% for San Marino as at May 2019. Xpatulator Hypothetical Tax for San Marino is based on the current personal income tax rates which are progressive up to 50%.
Cost Of Living
The cost of living for expatriates / professional migrants in In San Marino, 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): San Marino as at 1 July 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Very Low 4) Education: Low 5) Furniture & Appliances: Low 6) Groceries: Very High 7) Healthcare: Average 8) Household Accommodation: Average 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Average 13) Transport: High San Marino is for example 35.6% more expensive than USA for groceries, -11% cheaper for household costs than UK, and 134.9% more expensive for transport costs than India. The hardship premium for San Marino for an expat from Australia, is for example 0%, i.e. host location (San Marino) premium of 10% minus home (Australia) location premium of 10%. San Marino is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in San Marino? Register subscribe to your home location and San Marino and run your personalised reports.