The Dominican Republic has a lot to offer young expats, entrepreneurs, and retirees, not the least of which is a low cost of living. You can afford a calm, Caribbean lifestyle for less than you are likely paying back home.
Forget your idea of Caribbean pricing. You can live well in the Dominican Republic on just US$1,355 a month (including many luxuries that you would have to do without on this same budget back home).
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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Weekly food shopping for two is about US$120—including grocery items and delicious fresh fish, fruit, and vegetables.
Prices across the board in the Dominican Republic are more Latin American than they are Caribbean.
Also, you could live comfortably in the DR on a budget of $1,200. With a budget of $2,000, you could afford more entertainment and extra household help, for example, and really enjoy the good life.
Invest in a place of your own, and your monthly living costs would be much, much less.
This is a realistic and appealing option, as property prices in this country are a bargain, certainly relative to elsewhere in the Caribbean. You could buy an apartment for as little as $100,000 or less.
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| Cost of Living in the Dominican Republic | Monthly Budget in RD$ |
|---|---|
| Food (Groceries) | RD$16,000 |
| Electricity (750kwh avg.) | RD$3,500 |
| Water | RD$350 |
| Gas (Household) | RD$350 |
| Cable Television | RD$1,495 |
| Internet, Telephone | Included In Cable |
| Entertainment (Dining, Movies, Bars, Etc.) | RD$18,000 |
| Rent | RD$42,000 |
| Monthly total | RD$81,695 |
Click here for more information about currency conversion at today’s exchange rate.
Of course, there are more options and more affordable prices in specific parts of the Dominican Republic.
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White-sand beaches, swaying palm trees, warm turquoise water, year-round sunshine—you’ll find them in abundance here in the Dominican Republic… and, of course, pretty much everywhere else in the Caribbean, as well.
What sets the DR apart from other Caribbean islands and nations is its more sophisticated lifestyle—one that is strongly European.
And, if you’re looking for upscale activities, Santo Domingo is home to the National Symphony Orchestra of the Dominican Republic (Orquesta Sinfónica Nacional), which hosts many events throughout the year.
Not to be missed is a meal at Pat’e Palo. The eatery was established in 1505 by a retired one-legged, one-eyed pirate and is located across a courtyard from the Columbus family home… it’s a truly unique Dominican experience.
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Also, you should also take a jaunt to the Columbus Lighthouse, a fascinating structure said to contain the remains of Columbus. The famous explorer was a voyager even in death; his remains were moved from Spain, to Santo Domingo, to Cuba, and before finally coming back to rest in Spain.
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Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
We Value Your Privacy! We will not share your email address with anyone else, period.
While U.S. dollars, euros, Canadian dollars, and Swiss francs are also accepted in more tourist areas, you should consider exchanging dollars for the local Dominican currency while the rate is strong.
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