A Look at the Costs Of Living in Dominica

 Dominica has a lot to offer investors, young expats, entrepreneurs, and retirees, not the least of which is a low cost of living. You can afford a calm, Caribbean lifestyle for less than you are likely paying back home. You can enjoy a rich, relaxing, and truly diverse lifestyle even on a pensioner’s budget. In addition, the recent infrastructural developments have made it much safer and easier for foreign retirees and investors to stake their claims.

The final landing place in the New World for Christopher Columbus and his crew in 1493, today the Dominican Republic is a white-sand haven  surrounded by warm turquoise waters and enjoys year-round sunshine. This island paradise pictures not just beaches—both remote and resort—but also virgin jungle and mountain hideaways before your eyes. This is also one of the most affordable spots in the Caribbean, a place where you could embrace a white-sand retirement.

Real estate prices are way less than elsewhere in the Caribbean. Cost of living is also surprising low for an island. Flights from the United States are regular and reasonably priced. You can live well in the Dominican Republic on just US$1,355 a month (including many luxuries that you would have to do without on this same budget back home). Weekly food shopping for two is about US$120—including grocery items and delicious fresh fish, fruit, and vegetables.

Invest in a place of your own, and your monthly living costs would be much, much less. This is a realistic and appealing option, as property prices in this country are a bargain, certainly relative to elsewhere in the Caribbean. Cost of living in Dominican Republic is, on average, 4.90% higher than in Iran and the renting costs is on average, 41.36% lower than in Iran.

Below you may see the expenses of some items in Dominica.