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Home Countries Dominican Republic

The Real Cost Of Living In The Dominican Republic Is Not What You Think

How Much Does It Really Cost To Retire To The Caribbean?

Kathleen Peddicord by Kathleen Peddicord
Jul 28, 2021
in Dominican Republic, Lifestyle
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Palm fringed sandy beach of Cayo Levantado, Samana, Dominican Republic.

Alamy/Peter Schickert

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For many of us, the Caribbean life is the definition of paradise.

If only paradise weren’t so expensive, right?

My very good news for you today is that… it doesn’t have to be.

In one corner of the Caribbean I know, you are in for a surprise.

I’m speaking of the Dominican Republic.

In the “DR,” your day might start from your backyard with a relaxing walk on the beach.

The breeze is blowing, the palm trees are providing just enough shade, and the sand is soft and cool beneath your bare feet. You already know that today’s going to be another good one…

Come noon, you could slide up to a table on the beach to lunch on a fresh-caught fish platter for about US$7. A couple of your neighbors walk by and stop to chat so you splurge for a Presidente beer or two at US$2 each…

Normally for dinner you’d stop by your favorite little restaurant with that nice waitress and order your usual US$15 lobster entrée…

However, this afternoon you’re showing some friends from back home around your new neighborhood, so you’re planning on the fourth-generation French restaurant across the street to really show off. They’ll gush over the wine and the pâté and the coq au vin and say it’s some of the best French food they’ve ever had.

And you’ll smile…

Remembering when you first discovered this Caribbean secret.

A sunrise as seen from a beach in the dominican republic. The sun is just above the horizon and the sky is pink purple and orange

The Dominican Republic is no typical Caribbean island. One town we love in particular, on the north coast of the island, was discovered by Europeans looking for an affordable Caribbean getaway.

Today, this “beach town” is a vibrant international community with residents from all over the globe, including American, Canadian, French, German, Swiss, Italian, Dutch, and British expats.

Despite its thriving foreign population, costs here have remained local. A couple can enjoy the good life in this corner of the Dominican Republic for as little as US$1,290 a month.

Here’s How Your Monthly Living Costs Could Break Down:

Monthly living costs in the Dominican Republic
If you hate long flights and want a home in the sun that’s as accessible as a direct two-hour hop from the States…

If you just can’t manage to master Spanish and want a place where you can get by in English… or even French or German…

If you’re lured by a beach lifestyle but want more options than relaxing on the sand all day…

If you want upscale restaurants and international theaters to complement your snorkeling and whale watching…

And if you’d love the chance to embrace an easy pace of life in a nation that’s all about community spirit and traditional values that harken back to 1950s America…

Then I’d suggest you take a close look at the Dominican Republic.

This island nation is home to thousands of retirees and expats who have already made the move to paradise—and they’d love to welcome you as their neighbor.

Sincerely,
Kathleen Peddicord
Kathleen Peddicord
Founding Publisher, Overseas Living Letter

Tags: Caribbean islandcost of living in the dominican republicDominican Republic budgetexpats in the dominican republiclive in the Dominican Republicmove to the Dominican Republic
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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