Which Caribbean island has the highest standard of living?

But Cayman is much more than a holiday destination. It is also an excellent place to live with the highest standard of living in the Caribbean!



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Dominica and Grenada show the lowest average cost of living. However, estimated costs in all those countries are relatively low and do not exceed $700 a month for one person. Where is the cheapest and safest place to live in the Caribbean? Haiti, the Dominican Republic, Jamaica, and Cuba show the lowest cost of living.

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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.

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Some of the safest islands to venture to in the Caribbean include Antigua and Barbuda, Anguilla, The British Virgin Islands, the Cayman Islands, Martinique, Montserrat, and St Barts. Check out our article: Living in the Caribbean – The Pros and Cons You Need to Know.

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The Bahamas A 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.

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Latin America & Caribbean: cities with the highest cost of living index 2022. As of 2022, San Juan ranked as the second Latin American and Caribbean metropolis with the highest cost of living index. The Puerto Rican capital obtained an index score of 70.14, only second to Nassau, in the Bahamas, with 85.98 points.

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Antigua and Barbuda may not be 100% free of poverty, but can be a beacon of hope towards its neighbors. At 12% they have the lowest poverty rate in the Caribbean and Central America.

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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.

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Based on 2022 data provided by the Caribbean Tourism Organization, the ten least Caribbean islands/countries include Grenada, Saint Barthelemy, Suriname, St. Kitts & Nevis, Anguilla, Dominica, St. Vincent & the Grenadines, St Eustatius, Saba and Montserrat.

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Dominica is called the nature island of the Caribbean—and for good reason. Amid its lush and protected interior, it has the best hiking in the area, including the longest continuous trail, the 115-mile Waitukubuli Trail.

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Anguilla. You'll find the best food in the Caribbean on this island, one of our readers raves, while another adds that every restaurant is better than the next, from beach bar to swank.

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Here are 18 of the most beautiful Caribbean islands.
  • 01 of 17. Virgin Gorda, British Virgin Islands. M Swiet Productions/Getty Images. ...
  • 02 of 17. St. Lucia. ...
  • 03 of 17. Grenada. NAPA74/Getty Images. ...
  • 04 of 17. Dominica. Derek Galon/Getty Images. ...
  • 05 of 17. St. Barts. ...
  • 06 of 17. Jamaica. ...
  • 07 of 17. Puerto Rico. ...
  • 08 of 17. Turks and Caicos.


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Canouan is a Caribbean island reportedly where billionaires go to get away from the millionaires. Despite such wealth and exclusivity, I found Canouan to be incredibly welcoming and relaxing.

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In particular – due to their easier route to citizenship through their citizenship by investment programs – Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia are some of the best islands for investment.

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If you're a United States citizen, you won't have any issue living in Puerto Rico or the U.S. Virgin Islands, but if you're headed to a new country, you'll need to make sure you can apply for a residency visa of some kind, or dual citizenship.

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