Cost Of Living In The Dominican Republic

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Cost Of Living In The Dominican Republic

Reviewed by Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


Tropical Beach In Dominican Republic, Las Terrenas. property in paradise
istock/ukayacan

The Dominican Republic has a lot to offer 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.

Forget your idea of Caribbean pricing. 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.

Prices across the board in the Dominican Republic are more Latin American than they are Caribbean. You could live comfortably in the DR on a budget of $1,200. With a budget of $2,000, you could afford more entertainment and extra household help, for example, and really enjoy the good life. 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. You could buy an apartment for as little as $100,000 or less.

Monthly Budget For A Couple Living In Dominican Republic

Cost of Living in the Dominican RepublicMonthly Budget in RD$
Food (Groceries)RD$16,000
Electricity (750kwh avg.)RD$3,500
WaterRD$350
Gas (Household)RD$350
Cable TelevisionRD$1,495
Internet, TelephoneIncluded In Cable
Entertainment (Dining, Movies, Bars, Etc.)RD$18,000
RentRD$42,000
Monthly totalRD$81,695

Click here for more information about currency conversion at today’s exchange rate.

Of course, there are more options and more affordable prices in specific parts of the Dominican Republic.

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The Dominican Republic - FAQs

Can I Use Dollars In The Dominican Republic?

While U.S. dollars, euros, Canadian dollars, and Swiss francs are also accepted in more tourist areas, you should consider exchanging dollars for the local Dominican currency while the rate is strong.

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