Isle of Man Guide: Economy, Unemployment, Minimum Wage & eGaming

A quick look at the economy on the Isle of Man, including things like average income and unemployment. Plus some info on the sector I work in, eGaming.
Census Information:
www.gov.im/about-the-governme...
Income Survey:
www.gov.im/about-the-governme...
IOM Job Centre:
services.gov.im/job-search/
Gambling companies licensed here:
www.gov.im/categories/busines...
Connect with me on LinkedIn:
/ frankschuengel

[@denisederbyshire1957]

Hey Frank, I left the Isle of Man in 2002 and my last role was Admin within the e-gaming industry. I had no idea it took off as much as it did. This video is very interesting indeed 👍👍

[@RichMulholland]

Really enjoy your vids (we're moving in March). I'd say don't worry about repeat content at all, any of your old videos could be remade with "...in 2023" and I'd watch them 👊💥

[@AndyCaley]

What field are you going into? Am sure u will love it over here. Especially if u have or are planning to have a family. Here you can actually let your kids go out and play without stress

[@RichMulholland]

@AndyCaley hey Andy, thanks, we arrived two weeks ago and are loving it so far. We work in the conference and presentation industry 👊🏼💥

[@Jchathe]

Very informative, thank you!

[@andy5786]

Really appreciate your information great thanks

[@michaeltb1358]

There are many manufacturing companies in the Island, who are mainly relatively High Tech. And remember that Strix who are the world leader on kettle thermostats are still headquartered on the Island. I remember finding special valves made by Kenmac fitted all over the Mossgas plant in South Africa. Now part of Swagelok which is the world leader on instrument piping etc. Much more important than gaming which could be killed overnight by legislation in other countries.

[@danicamariearellano3733]

Hi! I've been watching your videos about IOM for quite some time now. I hope you could also make a video on how foreigners can find a job and relocate to IOM. That would be super awesome. 😊

[@-DC-]

The IOM could really expand the Tourism side away the Motorcycle Racing few weeks, Trying to book a cottage and a Steam Racket crossing is incredibly difficult the Steam Racket have nothing available online past May2024 its absolute insanity.

[@jason-qt8fy]

At the end of February 24.any dates left goes on general sale

[@Onisuke]

I am looking at relocating there and wanted to find out if I could pick your brain a bit. I currently work for an e-gaming company. I work as a Senior Cloud Engineer. I also have extensive experience as a network engineer and I have written a few full stack apps. I can share my linkedin profile if required.

[@kevinmartin-uv1rm]

How much savings do you require to move to the island if you are not working?would you still receive the UK old age pension when you quality?

[@michaeltb1358]

If you are a Manx resident you will receive your full pension from the Manx government. It is apparently a special arrangement where funds are transferred to the IOM.

[@daveflick12]

Good informative video.

[@anthonydowling3356]

Have never been to the IOM and i live relatively close in Dublin .If Ryanair were to include it ,i would go .Otherwise its too expensive to get to .

[@rodrigojds]

aer lingus used to have regular flights from dublin to iom

[@AndyCaley]

Save up mate it's worth seeing

[@jeanetteglossop9756]

Thank you for the info. I am looking at settling down on the isle of man, would you be free to chat sometime please?

[@amadeusiom]

Sure, email me [e-mail]

[@TheReviewHubYoutube]

Is there any job for Egaming? By Profession i am a web developer.

[@przemyslawszymczak8180]

Is it possible to settle in Isle of Man and to not work because for example you do not need to? Like for securities traders?

[@anthonyrooksmith3189]

Whats the job industry like for a builder, some who can bricklay, plastering skim and lime, carpentry, diy, tiling and landscaping?

[@amadeusiom]

Very good!

[@anthonyrooksmith3189]

@@amadeusiom excellent what about starting up your own business is there any help with that for someone start out from scratch

[@brucearthur5108]

So gambling companies from all over the world are licensed by the Isle of Man. How do Manx authorities supervise the companies they license? Do you send examiners overseas or is everything done remotely?

[@amadeusiom]

Key staff, operations and records must be on island and are audited on a regular basis.

[@davidprocter3578]

I left the island in 79 average wage was £45.00 a week , being Manx never needed a work permit, All the Weni's in Tynwald aught to piss off back to where ever they come from and leave the island alone.messing about with other peoples lives to the detriment of the island.

[@user-vi2pl8ko5y]

Hello brother. How are you doing now? How can I get there someday to work tho I am in my late 40s now but I really want Isle of Man

[@manx1569]

The island needs to crack down on immigration, English language tests should be compulsory. Otherwise we end up with King Gaming saga. What are you thoughts on King Gaming?

[@amadeusiom]

My thoughts are King had nothing to do with the English language and we need immigration or we won’t have an economy.

[@naughtydesigora]

I honestly believe the employment of those who are on lower wages is lacking.Unemployment also not really well measured due to the long term ones.The drug culture is also horrendous across the board.

[@marksteven6116]

why dont we run the uk like that ?

[@user-tm1hb4hl2m]

Any agencies to help me moving to IOM thnks brother.

[@janemoilwa6681]

Hey frank , from SA 😊what is yhe minimum wage for a Chef

[@amadeusiom]

Current rates can be found here: www.gov.im/categories/working-in-the-isle-of-man/employment-rights/minimum-wage/

[@welshmanjasonpatrick8607]

Did mention tescos bought all ten shoprite

[@michaeltb1358]

Nine

[@RR-ev3pi]

Yep, when you fall sick there is no more income as a foreign worker. 2 weeks sick leave means half your salary gone for that month. And I think that’s a good thing.

[@Manchester-united-fan10]

I live on the iom and some places are crazy like Williston and pulley

[@-IsleOfSkye-]

Why?

[@Suve35967]

Why.. please tell?

[@Manchester-united-fan10]

@@Suve35967 some stabbing And drug most of that is in Williston

[@Suve35967]

@@Manchester-united-fan10 Shame as I was looking to maybe retire on the IOM, with it's supposed low crime rate. It seems like it's getting no different to the mainland. I thought the islanders were very against that sort of thing. Anyway..."GLAZERS OUT"

[@Suve35967]

@@Manchester-united-fan10 Shame. Cheers for update..👍

[@user-vr8mj5qk7z]

haha

[@mustafa23000]

Can you help me move there but not into e-gaming?

[@amadeusiom]

What is your industry / profession?

[@mustafa23000]

@@amadeusiom I have a master's in IT but I've not worked in that field, I am running a small company for interior construction and false ceiling.

[@icetealover1158]

@@amadeusiom Could you possibly give me a email for some questions. I’m Canadian and looking to move to I.O.M in 2026 once my son graduates. There is some financial information I’m looking for. As how much does a person need ahead of us do not have a job or career. Hopefully l will be able to visit this summer. But any info in helping a western Canadian women move there would be great thank u!

[@amadeusiom]

@@icetealover1158How long is a piece of string, really. All depends on your desired lifestyle but for the bascis, around £1000 rent, £500 bills a month I'd say (electric, gas, phone).