Which Caribbean islands have the best cost of living?

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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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.

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What are the cheapest places to live in the Caribbean? Saint Kitts and Nevis, Grenada, Saint Lucia, Dominica, Dominican Republic, and Jamaica are a few of the budget-conscious places in the Caribbean.

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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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The Greek island of Antikythera. A secluded Greek island has become the latest Mediterranean idyl to offer to pay people to move there, teaming up with the Greek Orthodox church to offer new residents a monthly allowance totalling €18,000 (NZ$33,000).

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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 cheapest Caribbean islands to visit
  1. Cozumel. Mexico is a country with an incredibly rich history. ...
  2. Jamaica. Jamaica is my all-time favourite Caribbean island the place to go if you're looking for a cultural escape. ...
  3. Barbados. ...
  4. Dominican Republic. ...
  5. Puerto Rico. ...
  6. Cuba. ...
  7. Curacao. ...
  8. Trinidad and Tobago.


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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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US Virgin Islands The US Virgin Islands are undoubtedly the best Caribbean islands to retire to if you want all the perks of Caribbean life without the hassle of securing a visa. Since this territory belongs to the United States, US citizens need neither a visa nor a passport to visit or reside here.

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FAQs About Traveling to the US Virgin Islands on The Cheap The cheapest Virgin Island to stay at is St. Thomas, as it has the largest airport, most conveniences, public transit, and many options for stay. See our guide to where to stay on St. Thomas.

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The following countries in the Caribbean have the best healthcare system.
  • Bahamas.
  • Barbados.
  • Cayman Islands.
  • Turks & Caicos Islands.
  • Costa Rica.
  • Mexico.
  • St Lucia.


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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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Some of the most dangerous Caribbean Islands to visit are Haiti, Trinidad, Tobago, and surprisingly Puerto Rico. These islands have more crime in general, and you should visit with increased caution. It doesn't mean they can't be visited, but you should take extra precautions.

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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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The 2022 Transparency International Corruption Perceptions Index (CPI) Report has concluded that Barbados is the least corrupt country in the Caribbean.

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