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I follow a youtuber who lives there, and Svalbard is really pricey. Food and anything else consumer goods wise as anything has to be flown in or paid to ship via freight ship. Also, housing is extremely limited, and it's hard to find without a job already secured, which may or may not be easy to get depending on who is looking
What kind of jobs do people work up there? What kind of jobs pay $110,000 in Svalbard?