The cost of living is estimated to be moderate (CPI: ~65, relative to NYC=100). Saint Helena is approximately 24% cheaper than London, but costs can be higher than some other regions due to reliance on imports.

The housing market is estimated to be very expensive. Specific property price to income ratio data is unavailable, but limited housing supply on the remote island likely drives high prices relative to local incomes.

Purchasing power is estimated to be below average (index: ~63, relative to NYC=100). The average after-tax salary is approximately $3172 per month, which covers about 1.7 months of living expenses.

Saint Helena operates a progressive income tax system. Individuals pay 26% on the first £18,000 of chargeable income and 31% on the remainder, with a £7,000 personal allowance for residents. Company tax is 25%, and there is no specific VAT.

Saint Helena offers a stable and tax-friendly business environment as a British Overseas Territory. It permits 100% foreign ownership and has simple company registration rules. The Financial Services Regulation Policy 2025 aims to modernize the financial sector and enhance its attractiveness.

The island provides healthcare through its Health Directorate, including a hospital and clinics, with serious cases referred overseas. A Basic Island Pension (BIP) is available for eligible residents, alongside Income Related Benefits (IRB) and unemployment benefits.

The Financial Services Regulatory Authority (FSRA) regulates financial services and aims to protect consumers and depositors. However, there is no explicit, publicly stated deposit guarantee scheme with a specific coverage limit. The Bank of St. Helena is the sole, government-owned bank.