Which island is the cheapest to live on?

Dominican Republic, Belize (the only English-speaking country in Central America), Costa Rica, and Panama are a few of the most affordable islands to live on and double up as top destinations to visit. The best option for you will depend on the type of lifestyle you intend to lead.



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Which Caribbean island is the best value for money? Countries that provide citizenship-by-investment programs to foreigners, such as Dominica, Grenada, or St Lucia, have comparatively developed infrastructure and offer comfortable living conditions. Dominica and Grenada show the lowest average cost of living.

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Life on an island is often more expensive than mainland living—almost everything has to be imported, after all. But relative to the rest of the Caribbean, Roatán offers excellent value. Daily life, lived well, is affordable on Roatán—a budget of $2,000 to $2,500 a month, all in, for an average retired couple.

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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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THE CONS of island living…
  • Lack of medical attention. ...
  • Limited access to products and services. ...
  • Lack of infrastructure. ...
  • Sultry weather. ...
  • Insect bites, and wild species. ...
  • Nature appreciation. ...
  • Slow-paced time. ...
  • You are known to everyone.


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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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In most destinations throughout the Caribbean and Central America, foreign nationals are permitted to buy property and tend not to face many restrictions. Some countries limit foreign buyers to specific geographic areas.

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Because Antigua and Barbuda, St Kitts and Nevis, Dominica, Grenada, and St Lucia offer an easier route for citizenship, they are some of the best islands to buy real estate in the Caribbean.

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Do You Need To Pay Taxes On A Private Island? Yes. Since a private island will likely be under the ownership of a sovereign country, chances are, taxes will need to be paid on it. However, this can be a bit of a gray area when it comes to certain countries and their tax or fee laws.

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Top 10 list of most affordable US beach towns for homebuyers in 2023
  • Gulfport, Mississippi. Median price within 1 mile of a beach: $224,900. ...
  • Newport News, Virginia. ...
  • New London, Connecticut. ...
  • Grand Isle, Louisiana. ...
  • Corpus Christi, Texas. ...
  • Atlantic City, New Jersey. ...
  • Navarre, FL. ...
  • Crescent City, California.


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If you want to stay in the Caribbean parts of the Kingdom for longer than 90 days, you will normally need a residence permit. If you are a Dutch or US national, you will only need a residence permit if you wish to stay longer than 180 days.

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I always try to find beauty everywhere that I visit, but you might want to avoid some of these Caribbean Islands. 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.

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The beaches in Aruba are said to be the cleanest and widest in the Caribbean. Eagle Beach and Palm Beach are considered to be the best beaches among many others. Besides relaxing by the sea, the guests are offered water activities, horseback riding, mountain bikes and golf.

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There are cyclonic period and rain seasons. For most of the islands, there are cyclonic periods, and some islands are unfortunately more propitious to natural disasters (tsunami, heartquake…) Also, there is a rainy season for several months, so be prepared to find interior activities!

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