cost of living

The cost of living in Guyana is relatively very high, because most of the items used in daily life are imported with high transportation costs involved. Monopoly in some business sectors also causes higher profit booking and further raising of prices. For example as of January, 2010 the approximate prices of Gasoline Petrol is US$5 per imperial gallon, electricity price is US$0.33 per unit. A domestic gas bottle gas cylinder is over US$ 20. Rent for average family accommodation is US$500 per month in safer urban locations and personal income tax, which is 33.33% one third of total taxable income makes the cost of living further higher.