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Home Countries Dominican Republic

For Low-Cost Luxury, The DR Is A Top Choice

For Low-Cost Luxury, The DR Is Always A Top Choice

Kathleen Peddicord by Kathleen Peddicord
Apr 15, 2018
in Dominican Republic, Lifestyle
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Every time I focus on the place, I’m struck again by just how affordable a better-than-comfortable life here can be.

Indeed, it’s possible to live a truly luxury-standard lifestyle in the Dominican Republic. Not everywhere. Some parts of this country are remote, offering a kind of back-to-basics experience.

But living some places… including some neighborhoods in the country’ s capital city Santo Domingo, for example… you could indulge in a truly luxury-standard lifestyle even if your budget is nowhere near five star. 

For example, you could own…

  • A three-bedroom, four-bath luxury penthouse built over two floors and featuring a rooftop terrace for US$200,000…
  • A four-bedroom villa with a private pool for US$265,000…
  • An ecological villa with solar power and rainwater collection system. Within a few minutes’ walk of the beach, this three-bedroom villa comes with its own pool and a price tag of US$349,000.

These are all recent listings. And, yes, you could own for less… even as little as US$97,000…

All things considered, what would it cost, specifically, to live full-time in this country?

Here’s a sample monthly budget for a couple living on the Samaná Peninsula:

Rent US$600 Unfurnished, mid-range, one-bedroom apartment
Gas N/A Included with electricity
Electricity US$145
Water N/A Included with electricity
Landline telephone N/A Included with cable
Internet N/A Included with cable
Cable TV US$90
Basic groceries US$275 Basic items for a couple
Entertainment US$245 Eating out twice a week (for two), local drinks twice a week (for two), movie theater trip twice a month (for two)
TOTAL US$1,355

Helping drive down the cost to the retiree in the Dominican Republic is the government’s effort to reform its energy sector from a heavy reliance (90%) on fossil fuels by capitalizing on its abundance of renewable energy sources.

The government’s goal is to derive 25% of its energy from renewable sources. To this end, generous tax incentives are offered to those who invest in sustainable energy developments and projects. This explains the number of eco-style villas you see on the market—particularly around the Samaná Peninsula.

Kathleen Peddicord

 

This article was originally published in 2017 and has been recently updated.

Tags: budget for living in the Dominican republiccheapest places to live in the caribbeancost of living in the caribbeancost of living in the dominican republiclive and invest in the Dominican republic conferenceretire samana
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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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