Surprisingly it may seem, affordable Caribbean island living is completely possible if you look hard enough for those islands. Living in style is now easier, thanks to many Caribbean locations and islands are now becoming much cheaper to live in. But what are the exact locations or islands that let you live the Caribbean lifestyle in style without breaking your bank?
Current Caribbean Islands & Locations Much Cheaper To Live In
According to CNBC, there are some locations and islands that have the Caribbean lifestyle heavily attached to it. However, the surprising fact about those is that there are some of them that are relatively cheap to live in. Although not as dirt cheap kind of living, much cheaper than of those ones that have an extravagant lifestyle and cost.
According to their findings, living in Caribbean islands and other locations heavily influenced by the Caribbean lifestyle is one of the following popular choices for living in retirement, especially overseas. And even though the COVID-19 pandemic is still going on around the world, the interest in living in Caribbean islands and locations has significantly risen in the past few months. This month alone of February, there was a recorded increase of traffic relating to searches for Caribbean living and retirement, amounting to a 225% increase rate.
Now, as for the said locations and islands that you can live in with the Caribbean lifestyle in mind, listed below are the available details for each location and island:
- Ambergris Caye, Belize - known for housing the Belize Barrier Reef, this location is the largest in Belize and is chosen by many ex-pats and retires due to its excellent internet and cellular service and ease of transport to and from the island to other locations and vice versa. The cost of living in that area is around $2,950 to $3,150 in total, including rental costs.
- Roatan, Honduras - this location is perfect if you are familiar with Honduras and want to have ease of access to that location anytime you want or need since it is only 50 square miles off from it. For the amount of $175,000, you can purchase and own your own two-bedroom home in Roatan and enjoy the quiet and pristine beaches it has to offer.
- Isla Mujeres, Mexico - it might be the first thing in mind to pop up when it comes to a Caribbean lifestyle of living, but this place has everything for that kind of lifestyle living. If you are looking to rent a home in this location, it will cost you around $700 to $1,000 per month, while owning a home usually starts around $230,000 which isn't a bad deal at all compared to others.
Why the Caribbean Lifestyle is Highly Covetable
According to Expat Financial, there are several good benefits for living in a location that is part of the Caribbeans and adapting its lifestyle. The said kind of lifestyle it offers is very beneficial to many, especially to retirees and ex-pats alike. Listed below are some of the known good benefits of living such a lifestyle:
- Having pleasant weather
- Natural beauty is abundant
- Can engage in diving and water sports
- Enjoy the Caribbean cuisine
- The people and culture is friendly to many
- It has favorable tax structures
- Accommodation is easy and plenty
- Many islands can be lived on
- It hosts many family-friendly activities
- It can provide an affordable living and lifestyle
