How much money do I need to live in the Virgin Islands?
The cost of living in the U.S. Virgin Islands is higher than on the U.S. mainland. On average, apartments cost $2,000 per month. A two-bedroom house costs at least $285,000. Not everyone can afford health care on the U.S. Virgin Islands.
People Also Ask
While you don't lose your US citizenship when you move to the USVI, you need to have proper documentation, including a VI driver's license. You can sort that out at the Virgin Islands Bureau of Motor Vehicles.
Located in the US Virgin Islands, St.Croix is a US territory making it an easy place for US citizens to purchase property. It also happens to be surrounded by the turquoise waters of the Caribbean Sea and white sand beaches, plus the tropical climate creates the feeling of endless summer.
U.S. Virgin IslandsIf you are an American citizen, retiring in the U.S. Virgin Islands is highly desirable, and achievable. As it is still considered to be on U.S. lands, the relocation process is extremely easy. Imagine taking the process of moving states, but ending up in this tropical paradise.
Thomas can be slightly less expensive overall than St.John. It's a bit easier to work within a budget on St. Thomas where you don't have to necessarily rent a car, you have different hotel tiers to choose from, and you have access to cheaper food options (in both restaurants and the larger grocery stores).
Any place such as Bermuda, Hawaii, or the USVI has high grocery prices due to the cost of importing much of the island's food. We've encountered this before, having been to Bermuda twice and Hawaii four times. It just worsens over time, as prices in the mainland United States have increased.