Turks and Caicos Islands is a British Overseas Territory consisting of two groups of tropical islands in the West Indies, the larger Caicos Islands and the smaller Turks Islands. The climate is relatively dry and sunny, marine tropical, with relatively consistent temperatures throughout the year. The official language is English. French and Creole are also spoken. The main religion is Christianity. The economy of Turks and Caicos Islands is based on tourism. Primary agricultural products include limited amounts of maize, beans, cassava (tapioca) and citrus fruits. Fish and conch are the only significant export. Expatriate business dress is relatively informal, suits are only required for formal occasions. The security risk for expatriates in Turks and Caicos Islands is low. Risks include low levels of crime. Other risks include hurricanes and tropical storms. The currency of Turks and Caicos Islands is the US Dollar (USD). Medical facilities are good for outpatient specialty, emergency services and inpatient care. Serious or complex medical treatment may require evacuation which can be expensive. Cases of Chikungunya virus have been reported. The population of Turks and Caicos Islands is 31,500 (2019 est.), while the inflation rate (CPI) is 2.5% for the Turks and Caicos Islands as at 2017. Xpatulator Hypothetical Tax for Turks and Caicos Islands is based on the current personal income tax rate of 0% as there is currently no personal income tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Turks and Caicos Islands, 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): Turks and Caicos Islands as at 1 January 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: High 8) Household Accommodation: Very High 9) Miscellaneous: High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Turks and Caicos Islands is for example 20.8% more expensive than USA for groceries, 22.2% more expensive for household costs than UK, and 172.7% more expensive for transport costs than India. The hardship premium for Turks and Caicos Islands for an expat from Australia, is for example 10%, i.e. host location (Turks and Caicos Islands) premium of 20% minus home (Australia) location premium of 10%. Turks and Caicos Islands is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Turks and Caicos Islands? Register subscribe to your home location and Turks and Caicos Islands and run your personalised reports.