Household Income and Expenditure Survey
Household Income and Expenditure Survey 2023-24
The Household Income and Expenditure Survey (HIES) is a critical piece of government research which will run from April 2023 until March 2024. It is one of the most important surveys after the Census that Statistics Isle of Man undertakes on behalf of Government. The purpose of the survey is to better understand the income sources and expenditure patterns of different types of households on the Isle of Man. In particular, three of the most important uses of the HIES are:
- to help determine the amount of VAT revenue the Island receives
- to ensure that inflation statistics are representative of spending on the Island
- to allow Statistics Isle of Man to investigate and estimate the extent of economic inequality and poverty on the Island
For this reason, it is crucial that we receive a broad and representative cross-section of the Island’s population. Statistics Isle of Man aims to survey a minimum of 1,000 households, and letters inviting households to participate will be sent out to on a rolling, monthly basis from March 2023.
All households that are chosen to participate in the survey will be issued on completion a payment of £20 for one adult member of the household, £10 for each additional adult, and £5 for each child. Please note that, for the purposes of this survey, ‘adult’ consists of everyone over the age of 16 years old. Participating households will also be entered into a draw for that month with a prize of £1,000. Your odds of claiming the cash prize depend on how many households participate, but will be no greater than 1 in 200.
Please also see our FAQ for additional information.