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Cost Of Living In The Dominican Republic

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The Cost Of Living In The Dominican Republic

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 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.

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​Is The Dominican Republic Your Dream Destination?
 

​Learn more about the ​​DOMINICAN REPUBLIC ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Dominican Republic: The Last Affordable Retirement And Investment Haven In The Caribbean