Is it expensive to live in the Turks and Caicos?

The Turks and Caicos is a very expensive place to live. Groceries, auto fuel, utilities, and almost everything else as well will often be around twice as costly as is common in the United States or Canada. There are several ways to save when moving to the Turks and Caicos.



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In the second quarter of 2021, 82 single-family homes sold at an average price of $2.31 million, according to the Turks and Caicos Real Estate Association.

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You have both temporary and permanent options open to you. Temporary residency is pretty easy to establish if you're willing to invest in real estate here. You'll need $500,000 on Provo or West Caicos, or $250,000 on other islands. The permit costs $1500 annually- so don't forget to renew!

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Christie Brinkley owns a luxury villa, Lucky House, on Parrot Cay. Fashion designer Donna Karan has been a long time property owner in the Turks and Caicos. Actor Bruce Willis owned one of the more luxurious villas on Parrot Cay for years, in addition to real estate on Ambergris Cay.

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The Turks and Caicos Islands, through its status as a British Overseas Territory, is a stable Caribbean country, and there are no restrictions on purchasing real estate in the country by foreign individuals.

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The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported.

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Crime. Petty crime occurs, including theft from rental vehicles. Muggings and armed assaults also occur, mostly in areas popular with tourists. Be especially vigilant on Providenciales, which has a higher crime rate than the other islands.

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Only six of the larger cays and two of the smaller cays are inhabited. More than four-fifths of the population lives on three islands: South Caicos, Providenciales (commonly called Provo), and Grand Turk. Cockburn Harbour, the islands' second largest town, is on South Caicos.

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The Turks & Caicos islands are the ultimate dive destination for snorkelers and scuba enthusiasts looking for clear ocean and thriving marine life. Expect to see anything from colorful coral of varying types, to tropical fish, turtles, dolphins, and more.

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Three snakes are found in the Turks and Caicos, two of which are miniature boas, and one a worm-like blind snake. The Caicos dwarf boa (Tropidophis greenwayi), is the world's smallest constricting snake, typically reaching lengths of less than 24 inches (61 cm).

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Hollywood Heros Last, but certainly not least, where would any list of the famous visitors to the TCI be without a little Hollywood glamour? It's peaceful atmosphere, combined with the stunning scenery and beautiful beaches, make a magnetic combination that draws even the most rich and famous.

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