United Kingdom, Leeds – Cost of Living

The economy of the United Kingdom is that of a major developed capitalist economy. The United Kingdom is one of the world’s most globalised countries. The British economy is made up of the economies of England, Scotland, Wales and Northern Ireland. In 1973, the UK acceded to the European Economic Community which is now known as the European Union after the ratification of the Treaty of Maastricht in 1993. The UK economy had been one of the strongest EU economies in terms of inflation, interest rates and unemployment, all of which remained relatively low until the 2008-09 recession, when unemployment rose dramatically, and interest rates fell to 0.5%.

Leeds is a city and metropolitan borough in West Yorkshire, England. Leeds is the cultural, financial and commercial heart of the wider West Yorkshire Urban Area. Leeds is the UK’s largest centre for business, legal, and financial services outside London.

Leeds has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in United Kingdom | Tagged , , | Comments Off on United Kingdom, Leeds – Cost of Living

United Kingdom, Glasgow – Cost of Living

The economy of the United Kingdom is that of a major developed capitalist economy. The United Kingdom is one of the world’s most globalised countries. The British economy is made up of the economies of England, Scotland, Wales and Northern Ireland. In 1973, the UK acceded to the European Economic Community which is now known as the European Union after the ratification of the Treaty of Maastricht in 1993. The UK economy had been one of the strongest EU economies in terms of inflation, interest rates and unemployment, all of which remained relatively low until the 2008-09 recession, when unemployment rose dramatically, and interest rates fell to 0.5%.

Glasgow is the largest city in Scotland and third most populous in the United Kingdom. Glasgow is one of Europe’s top twenty financial centres and is home to many of Scotland’s leading businesses. Whilst manufacturing has declined, Glasgow’s economy has seen significant relative growth of tertiary sector industries such as financial and business services, communications, biosciences, creative industries, healthcare, higher education, retail and tourism.

Glasgow has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in Glasgow | Tagged , , | Comments Off on United Kingdom, Glasgow – Cost of Living

United Kingdom, Birmingham – Cost of Living

The economy of the United Kingdom is that of a major developed capitalist economy. The United Kingdom is one of the world’s most globalised countries. The British economy is made up of the economies of England, Scotland, Wales and Northern Ireland. In 1973, the UK acceded to the European Economic Community which is now known as the European Union after the ratification of the Treaty of Maastricht in 1993. The UK economy had been one of the strongest EU economies in terms of inflation, interest rates and unemployment, all of which remained relatively low until the 2008-09 recession, when unemployment rose dramatically, and interest rates fell to 0.5%.

Birmingham is a city and metropolitan borough in the West Midlands county of England. Birmingham grew to prominence as a manufacturing and engineering centre, however its economy today is dominated by the service sector, which in 2003 accounted for 78% of the city’s economic output and 97% of its economic growth. Tourism is also an increasingly important part of the local economy. With major facilities such as the International Convention Centre and National Exhibition Centre the Birmingham area accounts for 42% of the UK conference and exhibition trade.

Birmingham has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in Birmingham | Tagged , , | Comments Off on United Kingdom, Birmingham – Cost of Living

Do Expatriates experience hardship?

Does an Expatriate and their family experience any hardship? First impressions can be misleading. Many Expatriates accept an overseas position with high expectations of a better quality life, luxury accommodation, and the excitement of new experiences.

 

The reality is that many Expatriates are disappointed with the reality versus the expectation of their living and working experience. Once they settle in to their new environment, hardship, over which they have very little control often appear. Hardship is the relative difference in the quality of living a person and their family will experience and the relative impact on their lifestyle when moving between different locations. Factors include-:

 

Economic Differences: Such as moving from a First-World location with little poverty and high levels of service provision to a Third-World location where poverty may be prevalent and services intermittent or unavailable

 

Political Differences: Such as moving from a liberal western life style where diverse views are tolerated to a highly regulated life style where conformity is expected

 

Religious Differences: Such as moving from an environment where your religion is dominant, to a location where your religion is potentially seen with suspicion

 

Public Service Differences: Such as moving from an environment where water, electricity, sanitation, work permits etc are easily accessible, fast and efficient to one where services are not reliable, where administration requires a great deal of your time in poorly maintained offices potentially exposed to corrupt officials

 

Environment/Climate Differences: Such as moving from a mild climate to one of extreme weather such as very hot or very cold locations

 

Personal Safety Differences: Such as moving from a safe secure environment where you can walk the streets in safety to an environment where you require security (armed response, expensive insurance, high walls electric fences etc) and where it may not be safe to walk outdoors alone

 

Health Differences: Such as moving from an environment where vaccines and health standards have eradicated most disease to an environment where health standards are poor, and life threatening viral outbreaks common

 

Education Differences: Such as moving from an environment where state education standards are high, pupils are taught in their mother-tongue, and schools are close to home to an environment where state school standards are poor and in a different language requiring attendance at an international school which can be expensive and require daily travel

 

Transportation Differences: Such as moving from a location where public transport is freely available and efficient, to a location where it is unreliable and may not be safe to use.

 

In assessing how much to pay an Expatriate, it is important to take into account the relative hardship, in terms of quality of living conditions between locations, and assesses the relative level of difficulty that will be experienced in adapting to a new location.

Posted in Uncategorized | Tagged , , , | 1 Comment

United Arab Emirates, Dubai – Cost of Living

The economy of the United Arab Emirates (UAE) is that of a developing country. The UAE currently has one of the fastest growing economies in the world.

Dubai is one of the seven emirates of the United Arab Emirates (UAE). Dubai has the largest population and is the second-largest emirate by area, after Abu Dhabi. The emirate’s main revenues are from tourism, property, and financial services.

Dubai has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in United Arab Emirates | Tagged , , | Comments Off on United Arab Emirates, Dubai – Cost of Living

United Arab Emirates, Abu Dhabi – Cost of Living

The economy of the United Arab Emirates (UAE) is that of a developing country. The UAE currently has one of the fastest growing economies in the world.

Abu Dhabi is the capital of, and the second largest city in the United Arab Emirates. Abu Dhabi houses important offices of the federal government, and is the seat for the United Arab Emirates Government and the home for the Emirati Royal Family. Abu Dhabi has grown to be a cosmopolitan metropolis. One of the world’s largest producers of oil, Abu Dhabi has actively attempted to diversify its economy in recent years through investments in financial services and tourism.

Abu Dhabi has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in United Arab Emirates | Tagged , | Comments Off on United Arab Emirates, Abu Dhabi – Cost of Living

Ukraine, Kiev – Cost of Living

The economy of Ukraine showed strong export-based growth of 5 to 10 percent, with industrial production growing more than 10 percent per year in the early 2000s before the impact of the financial crisis. Ukraine produces nearly all types of transportation vehicles and spacecraft. Antonov airplanes and KrAZ trucks are exported to many countries. The majority of Ukrainian exports are marketed to the European Union and CIS.

Kiev is the capital and the largest city of Ukraine. Kiev is a major administrative, cultural and scientific centre of the Ukraine. It is the largest city in Ukraine in terms of both population and area and enjoys the highest levels of business activity.

Kiev has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in Ukraine | Tagged , , | Comments Off on Ukraine, Kiev – Cost of Living

Uganda, Kampala – Cost of Living

Uganda’s economy suffered from devastating economic policies and instability, leaving Uganda as one of the world’s poorest countries. The country has commenced economic reforms and growth has been robust. Uganda has substantial natural resources, including fertile soils, regular rainfall, and sizable mineral deposits of copper and cobalt. The country has largely untapped reserves of both crude oil and natural gas.

Kampala is the largest city and capital of Uganda. Kampala is the economic hub of Uganda and is divided into five boroughs that oversee local planning.

Kampala has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in Uganda | Tagged , , | Comments Off on Uganda, Kampala – Cost of Living

Tuvalu, Funafuti – Cost of Living

The economy of Tuvalu suffers from its remoteness and lack of economies of scale. Virtually the only jobs in the islands that pay a steady wage or salary are with the government. Subsistence farming and fishing remain the primary economic activities, particularly off the capital island of Funafuti. There is no apparent large income disparity among the residents.

Funafuti is an atoll that forms the capital of the island nation of Tuvalu. Funafuti has an airstrip, hotel (Vaiaku Langi Hotel), and administrative buildings, as well as homes, constructed both in the traditional manner, out of palm fronds, and more recently out of cement blocks.

Funafuti has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

Posted in Tuvalu | Tagged , , | Comments Off on Tuvalu, Funafuti – Cost of Living

Americas Cost of Living – 2010

The Americas most expensive city, as at 1 July 2010, is Brasilia which is the world’s fourth most expensive city to live in. Caracas (ranked 11 in the world) is the second most expensive city in the Americas; however this may change as a result of the recent devaluation of the official exchange rate. Brasilia and Caracas are ranked first and second most expensive cities for education in the world. Nassau (ranked 35 in the world) is the third most expensive city, while New York (ranked 39 in the world) is the fourth most expensive city in the America’s and most expensive in the United States of America. The cheapest city to live in the Americas is Quito in Ecuador (ranked 276 in the world). The cheapest city surveyed in the United States of America is Indianapolis Ind (ranked 259 in the world).

Most expensive cities in the Americas (Global rank in brackets)
1. Brazil, Brasilia (4)
2. Venezuela, Caracas (11)
3. Bahamas, Nassau (35)
4. USA, New York NY (39)
5. Falkland Islands, Stanley (53)
6. Bermuda, Hamilton (54)
7. Canada, Toronto (62)
8. USA, San Francisco Calif (77)
9. Canada, Vancouver (78)
10. USA, Boston Mass (79)

Read More

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off on Americas Cost of Living – 2010