Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. The unique, non-commercial economy of Vatican City is supported financially by contributions (known as Peter's Pence) from Roman Catholics throughout the world, the sale of postage stamps and tourist mementos, fees for admission to museums, and the sale of publications. The Vatican City is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. The climate is warm and temperate, with more rainfall in winter than in summer. The official language is Italian. Latin is also widely spoken in the Holy See. The main religion is Christianity. The Vatican has its own financial system and banks, with interests worldwide. The incomes of lay workers are sensibly better than those of correspondent counterparts who work in the city of Rome. Living standards may be different, at least in their public evidence, due to particular sober lifestyle required. Dress conservatively when visiting religious buildings. The security risk for expatriates in the Vatican City is Low. Risks include low levels of petty crime. The currency of Vatican City is the Euro (EUR). Medical facilities in Italy are good, however the cost of treatment for expatriates from outside the EU can be high. The population of The Vatican City is 1,000 (2019 est.), while the inflation rate (CPI) is 1.2% for the Euro Area as at June 2019.
Cost Of Living
The cost of living for expatriates / professional migrants in In The Vatican City, 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): The Vatican City as at 1 July 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Very Low 6) Groceries: High 7) Healthcare: Low 8) Household Accommodation: Very Low 9) Miscellaneous: Low 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low The Vatican City is for example 4% more expensive than USA for groceries, -41.3% cheaper for household costs than UK, and 81.3% more expensive for transport costs than India. The hardship premium for The Vatican City for an expat from Australia, is for example 0%, i.e. host location (the Vatican City) premium of 10% minus home (Australia) location premium of 10%. The Vatican City is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in The Vatican City? Register subscribe to your home location and The Vatican City and run your personalised reports.