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 moreKathleen 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.
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 $100,000 or less.
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Cost of Living in the Dominican Republic | Monthly Budget in RD$ |
---|---|
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 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.
I was privileged to be in Santo Domingo for last week’s Live and Invest in the Dominican Republic Conference. While...
Read moreFor the last four years, we've been touting the Dominican Republic as a place where investors can find quality overseas...
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Read moreThe Dominican Republic is more than just a resort destination… Naturally, this country’s white-sand beaches and warm sunshine attract a huge number of tourists, but this picture-perfect destination is also a top choice for retirement living Caribbean-style. Dominicans are generally friendly and hospitable, and the area is warm and welcoming to newcomers. Plus, you’ll find every convenience at hand at a price you can’t say no to. The DR is one of Latin America’s fastest-growing economies thanks to its tourism,...
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