Retirement on a Caribbean island can cost as little as $24,000 a year. White sand, palm trees and no need to brace for rush-hour traffic are top items on this list of Caribbean island retirement destinations.
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If you are looking for affordable property in the Caribbean islands, you should consider places like Jamaica, the Dominican Republic, Aruba, Honduras, and Belize, as they offer some of the most economical real estate options for you to buy or rent.
Dominica. Often confused with the Dominican Republic, Dominica is rated as one of the best places to retire in the Caribbean. Not only is the mountainous Caribbean island nation safe to live in, but it also offers a relatively low cost of living, tax advantages, as well as modest healthcare.
Haiti and Dominica are both known for being some of the cheapest islands to live on in the Caribbean, but there are other islands that can offer similar affordability without sacrificing quality of life. One option is the Dominican Republic, which is located on Hispaniola, the same island as Haiti.
Haiti. Listed at number 115 on the GPI, Haiti is the most dangerous country in the Caribbean Islands as of 2022. By far the most dangerous threat to U.S. tourists is kidnapping for ransom. Reports of convoys being attacks, protests, and other violent events are also common in Haiti, as well as armed robberies.
The BahamasA popular celebrity destination, with exclusive villas and holiday homes on private islands. The Bahamas is an archipelago of over 700 islands and cays in the Caribbean, well known to be an exclusive holiday destination for the rich and famous.
Which is the richest island country in the world? In terms of GDP per capita, Bermuda is the wealthiest Caribbean country and one of the richest island countries in the world.
On the basis of crime rates, some of the least safe Caribbean Islands to visit include Puerto Rico, Haiti, Trinidad and Tobago. As we noted though, most crime in the Caribbean is an internal problem and is linked to inner-city areas well away from tourist resorts.