In this article, we will take a look at the 5 best places to retire in the Caribbean. If you wish to skip our detailed analysis on a million-dollar retirement and retiring in the Caribbean, you may go to 15 Best Places to Retire in the Caribbean.
5. St Lucia
Insider Monkey Score: 6.3
Pristine beaches, crystal clear waters, and tropical climates make St. Lucia an extremely desirable retirement haven. English reigns as the official language, which makes expatriates feel at home. Residents in this small island nation also enjoy a well-regarded healthcare system and a high standard of living, and that too, at remarkably affordable costs. According to Livingcost.org, a single person’s living cost is $1,019. Housing and food costs are also lower than in many Western countries.
4. Belize
Insider Monkey Score: 6.4
Home to the world’s second-largest barrier reef, Belize is one of the best countries for retirement. The warm climate, stunning natural beauty, and picturesque environment draws many individuals to this place all year-round. The cultural heritage is extremely diverse, and many healthcare services and facilities are available for residents. According to Belize.com, cost of living for a single person is $1,000.
3. U.S. Virgin Islands
Insider Monkey Score: 8
America’s very own Caribbean paradise, the U.S. Virgin Islands, is a true retirement haven by all means. Since its based in the United States, its citizens can move to this part of the country any day they like, without worrying about a visa or other complicated immigration processes. Retireesalso get to embrace a Caribbean lifestyle with breathtaking beaches, lush landscapes, and crystal-clear waters at their disposal. According to Livingcost.org, a single person’s living cost is $2,454.
2. Anguilla
Insider Monkey Score: 10
A popular retirement destination; retirees love Anguilla for the major financial savings it brings them. The country is beautiful, safe, and warm, offering a rich culinary scene and a diverse culture all in one. Pristine and uncrowded beaches provide retirees with an idyllic setting for relaxation. Moreover, Anguilla is also deemed one of the safest islands in the Caribbean, so retirees can live here with peace of mind. There are modern healthcare facilities available too.
1. Dominican Republic
Insider Monkey Score: 10.1
The Dominican Republic ranks at the top of our list and is one of the best places to retire in the Caribbean. According to Live and Invest Overseas, the cost of living in this diverse Caribbean country is $1200 only. The Dominican Republic boasts some of the most beautiful beaches and climates, diverse landscapes, and numerous tax advantages for retirees. Medical costs in the country are more affordable than in neighboring regions, and private hospitals provide high-quality medical services.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 25 Best For-Profit Hospitals in the US and 12 Best Cities to Retire in Central America
