SUPRISINGLY AFFORDABLE CARIBBEAN DESTINATIONS YOU NEED TO KNOW ABOUT
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Welcome to the Caribbean as it once was, priced as it used to be. The Dominican Republic offers you a rich, relaxing, and truly diverse lifestyle (even on a pensioner’s budget). Plus, recent infrastructural developments mean it has never been safer or easier for foreign retirees and investors to stake their claims.
The final landing place in the New World for Christopher Columbus and his crew in 1493, today the Dominican Republic is a white-sand haven that is surrounded by warm turquoise waters and enjoys year-round sunshine.
This affordable island paradise boasts not just beaches—both remote and resort—but also virgin jungle and mountain hideaways.
The Dominican Republic is the Caribbean but so much more, a melting pot with an eclectic population and a diverse history informed by Afro-Antillean, European, North American, and Latin cultures.
This not-so-little island has a lot to offer and a long history of welcoming foreigners.
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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The Dominican Republic offers a high-quality lifestyle at a not-so-high cost…
This is also one of the most affordable spots in the whole of the Caribbean, a place where you could embrace a white-sand retirement even if your retirement nest egg is nothing more than a monthly Social Security check. If you can swing a travel budget, island-hopping around the Caribbean could be your new retirement hobby from this convenient base.
Real estate prices are way less than you would pay elsewhere in the Caribbean. Cost of living is also surprising low for an island. Flights from the United States are regular and reasonably priced.
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The Dominican Republic makes establishing residency easy, and the country embraces—even rewards through incentives—foreign investors. In addition, residents can and do work here.
In short, the Dominican Republic residency program is as good as you can find anywhere.
The process is simple and fast. The pensionado visa can be obtained in under two months and comes with tax benefits and other perks.
It’s affordable too. Most importantly, if you can prove an income of more than US$1,500 per month, plus another US$250 per dependant, you qualify.
There is also a clear path to permanent residency and even citizenship. The Dominican Republic allows you to hold two other additional citizenships.
This is another reason why the Dominican Republic is becoming a very popular option for people looking to diversify their lifestyle.
All beach lovers and Spanish colonial fans who appreciate a friendly, laid-back island culture should know exactly where the Dominican Republic is located. And if you live in North America, you’ll be pleased to learn that it’s probably closer than you think.
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The Dominican Republic is the most visited destination in the Caribbean, partly because it is so convenient to the United States.
Located just south of Cuba and the Bahamas, the Dominican Republic is an easy flight from many major U.S. hubs.
For example, a flight from Miami, Florida to the Dominican Republic’s capital city of Santo Domingo is only 831 miles and will take less than two and a half hours non-stop.
Travelers from New York City can arrive in less than four hours, but from Los Angeles, you’ll probably have to connect in Florida or Panama because direct flights are limited.
The Dominican Republic shares the island of Hispaniola with the country of Haiti.
The Dominican Republic covers approximately five-eighths of Hispaniola and Haiti claims the other three-eighths. Although they are neighbors, the two countries are different in many ways.
While Haiti suffers from poor infrastructure and frequent tropical storms that often devastate areas of the country, the Dominican Republic boasts modern infrastructure and good roads while avoiding most of the extreme weather often found in the Caribbean.
In fact, the last major hurricane to strike the Dominican Republic was Hurricane Fiona in 2022.
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As the second-largest nation in the Caribbean Antilles by area (after Cuba) and the third-largest Caribbean population with 10.8 million residents, the Dominican Republic has much to offer.
Firstly, it has the largest economy in the Caribbean area and the fastest-growing economy in the Western Hemisphere over the past few decades.
Much of the economy is supported by tourism because of the natural beauty of the country.
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For nature lovers, the Dominican Republic is well known for its gorgeous golf courses and stunning beaches, along with the tallest mountain peak, lowest elevation point, and largest lake in the Caribbean.
With an average daily temperature of 78.8°F (26°C) and biological diversity ranging from tropical rainforests to tropical savannas, this is an outdoor lover’s paradise.
And, if history and architecture inspire you, Santo Domingo’s Colonial Zone is a designated UNESCO World Heritage Site in part because it is home You’ll find Spanish Colonial influenced architecture in many of the larger cities.
Spanish is the country’s official language, however, due to the strong tourism industry, you will hear and see a lot of English and French on the island as well.
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Dominicans are proud of their music, dance, and sport heritage as well. In addition to typical Caribbean music and art, popular national dances and music styles include Spanish-influenced merengue and bachata.
Baseball is the most-played sport among locals and several U.S. Major League baseball players call the Dominican Republic home.
Hiking, climbing, boating, swimming, snorkeling, and scuba are favorite pastimes as well.
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The official currency is the Dominican peso which has been steadily declining in value against the U.S. dollar over the past decades.
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 currency while the rate is strong.
If you are drawn to the Caribbean Islands for the culture, weather, beaches, natural adventures, and friendly people, but deterred by high prices in many other places, look no further than the Dominican Republic.
The quick trip from North America offers the best of island living at a reasonable cost.
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.
Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.
Portugal is known for Fado music and also for being the largest cork producer in the world.
Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.
Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.
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