56 Fun And Interesting Facts About The Dominican Republic
I was privileged to be in Santo Domingo for last week’s Live and Invest in the Dominican Republic Conference. While...
Read moreThe 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 $100,000 or less.
Cost of Living in the Dominican Republic | Monthly Budget in RD$ |
---|---|
Food (Groceries) | RD$16,000 |
Electricity (750kwh avg.) | RD$3,500 |
Water | RD$350 |
Gas (Household) | RD$350 |
Cable Television | RD$1,495 |
Internet, Telephone | Included In Cable |
Entertainment (Dining, Movies, Bars, Etc.) | RD$18,000 |
Rent | RD$42,000 |
Monthly total | RD$81,695 |
Click here for currency conversion at today’s exchange rate.
Of course, there are more options and more affordable prices in specific parts of the Dominican Republic.
I was privileged to be in Santo Domingo for last week’s Live and Invest in the Dominican Republic Conference. While...
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Read moreThe final landing place of Columbus and his crew on their grand discovery tour of the New World in 1492, today the Dominican Republic is a place where you can: Live well on US$1,420 a month (enjoying the extras you’d struggle to afford back home)... Own a three-bedroom home just off the beach from as little as US$248,000 (or a loft-style apartment for less than US$120,000)... Enjoy year-round summer-like weather—most days here are sunny with clear blue skies. The average...
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© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
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