HSBC Expat league table highlights Channel Islands benefits

Posted: 08/07/2019

HSBC Expat's latest Best places to live and work league table has highlighted some of the benefits of moving to Guernsey and Jersey, both of which have been included in the ranking for the first time this year.

According to the research, 83% of people moving to Jersey to live and work say they feel safer and more secure on the island – significantly higher than the global average of 48% – while people moving to Guernsey earn more than the average expat globally and often stay longer than planned.

Of the Jersey-based expats who took part, 75% said they had enjoyed a better quality of life since moving to the island, while 66% said the environment was better than where they had lived previously. 

The island also rated well for families – 59% of people said it was easier for their children to make friends and 55% believed their children had become more adaptable to change from the experience.

Meanwhile, Guernsey-based expats who took part in the research revealed that their average income was $78,452 – higher than the average of all respondents from 163 global locations ($75,966) and nearly $5,000 higher than the average income of Jersey respondents. 

Globally, the survey found that expats tend to underestimate how long they will spend abroad by an average of 4.3 years. This was even more the case for people moving to Guernsey, who estimated their stay would be 8.5 years but on average remained for 15.8 years.

A high proportion of people moving to Guernsey (77%) said their quality of life had improved on the island, with 67% citing the local cultural scene.

Overall, Switzerland came top of the league table, moving up from eighth place in 2018, while Singapore (first in 2018) dropped to second, with Canada up from fourth to third. 

The survey was completed by 18,059 expats from 163 countries and territories via an online questionnaire in February and March. A minimum sample of 100 expat respondents is required for a country or territory to be included in the league table, with 33 qualifying in 2019.

• To view the 2019 HSBC Expat league table click here

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