Guernsey’s economy has evolved radically and its finance industry, including banking, fund management, and insurance, now forms its largest sector, creating around 40% of Guernsey’s GDP and employing 21% of its workforce. It is estimated that Guernsey is the most expensive place in the UK and Channel islands to rent. The Channel Islands are made up of Jersey, Guernsey, Alderney, Sark and Herm and altogether cover a land surface area of less than 80 square miles (207 sq km). Guernsey covers an area of 78 square kilometres. I have a DS 11 and DD 7 . While they’re not completely self-governed, they aren’t truly British colonies either. Cost of Living. 7. The cost of living in Guernsey rose by 1% in the last year, according to new inflation figures. We are lucky as got a 15 year licence and intend staying here . It is estimated that the standard cost of living for a single adult in Guernsey without paying rent is around 550 GBP. Jersey and Guernsey offer plenty to do, see, and explore Updated Dec 2020 Guernsey is country located in Northern Europe. However, Guernsey continues to diversify into other areas including … Guernsey’s Economy . But, remember that is without rent. Guernsey has a population of 65,228 and a population density of 836.26 people per square kilometre. Guernsey is the second largest Island in the group with a population of c.60,000 in an area of 25 square miles. The cost of living in Guernsey is considerably higher than in the UK, according to a report for the States. The cost of living in Jersey and Guernsey is relatively small When you relocate to Jersey and Guernsey, you’ll find that the cost of living in these beautiful areas is pretty close to what it is in the UK. Some things are, in fact, cheaper. Guernsey cost of living is 88.7 I moved to Guernsey two years ago having spent 5 years in the Middle East and we love it here . Revealed: the 25% higher cost of living in Guernsey News Published: Sept 13, 2011 FAMILIES need at least 20% more to … The British Pound is used as currency as well, making both currencies interchangeable. The cost of living in Guernsey is very high due to the fact that most goods are shipped in from the mainland. The island of Guernsey has its own money, but the British Pound is tied to it. Our cost of living indices are based on a US average of 100. Cost of living and prices in Guernsey, prices of food, rent, shopping, etc. The biggest rises were in travel costs, which includes air fares. Legally, they’re tied to Great Britain, but their history and customs are tied to France. What Is The Cost Of Living In Guernsey? A cost of living index above 100 means Guernsey, Wyoming is more expensive. Though independently governed, the Channel Islands are under the protection of the British Crown. An amount below 100 means Guernsey is cheaper than the US average. 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