The beautiful island of Grenada in the Caribbean has become increasingly popular recently. The “Spice Island,” known for its natural beauty and welcoming locals, has emerged as a top tourist destination in the Caribbean. Learn more about what it takes to get by in Grenada with this helpful guide. Along with the cost of living in Grenada, this complete guide will also describe other areas of life.
Understanding the cost of living on the Spice Island
Compared to other Caribbean islands, the cost of living in Grenada is far more manageable.
Compared to the United Kingdom or the United States, the cost of living is much more affordable here.
Additionally, Grenada has no tax on global income, capital gains, or inheritance, making it a tax haven. High levels of joy and freedom rank the country at 87 on the Global Passport’s quality of life index.
Food and restaurants
Bars and restaurants of all kinds can be found in Grenada. The city of St. George and the marina at Prickly Bay is well-known for their abundance of restaurants serving cuisines worldwide.
Two individuals can have a three course meal at a mid range restaurant for about $70.
Fantastic, authentic native fare can be found across the island for very reasonable costs. In a budget eatery, you should pay around $7 for a full lunch.
The indigenous food in Grenada is well-known for its unique flavors and abundance of fresh ingredients. It would be a shame not to sample the famous cuisines of Grenada.
Grocery prices in Grenada- Estimated monthly costs
Groceries in Grenada are cheap, especially if you buy regional produce. From the local markets, you may stock up on the following items at low prices:
- White rice
- Fresh bread
Finally, the cost of imported goods, such as fuel, milk, meat, and foreign clothing, is typically higher than that of domestically produced goods.
If you only count the food, the cost of living in Grenada is not a lot.
Here are a few estimated costs:
- Cheese 10 to $12 [per pound]
- Milk 3 to $4 [per liter]
- Eggs 2 to $3 [per dozen]
- Boneless chicken 4 to $5 [per pound]
Transportation costs on the island
The roads and public transit on the island of Grenada are excellent.
Maurice Bishop International Airport, in St. George’s, is the only international airport on the island, and it offers direct flights to the United States, Canada, and Europe.
A ride on the island’s public transportation system, consisting of colorful buses that go everywhere, will earn you back one dollar. Taxis are another popular mode of transportation.
Furthermore, there is a wide selection of transportation options available for getting about Grenada.
Travel options include driving oneself, taking a taxi, water taxi, ferry, motorboat, bus, airline, or even just walking. All factors are where you go, how much variety you seek, and how quickly you need to reach your destination.
Healthcare in Grenada
The WHO ranked Grenada’s healthcare system among the finest in the Caribbean in 2000. The primary healthcare provided to Grenada inhabitants is a source of great pride for the country.
We must always be aware of healthcare costs’ effect on one’s monthly budget. One good thing to note is that Grenada boasts a top-notch health care system in the Caribbean.
Grenada is home to thirty medical clinics, six health facilities, and eight hospitals. The Saint George’s General Hospital is the primary medical center on the island.
Although the hospital’s medical facilities are top-notch, they may still need to evacuate patients in extreme circumstances.
Therefore, it is strongly suggested that you acquire evacuation coverage in Grenada. Numerous options for private health insurance are accessible to island residents.
Education costs – Estimated monthly costs
Children between 6 and 14 in Grenada are required to attend school. The average cost of a private kindergarten is $140 per month. Similarly, primary school tuition abroad costs around $1000 per year.
When most people think of Grenada, they think of St. George’s University and its prestigious medical school. The estimated cost of a semester at this particular university is $14,000. Expenses like rent and textbooks are extra.
Please note that international institutions like an international primary school may cost you much more.
Housing and rent
Rent accounts for a sizeable portion of the average Grenadian family’s monthly expenditures, yet the island is flush with affordable housing options.
Different properties in different areas will have different asking prices. For instance, a one bedroom apartment in the downtown area may be rented for $400 per month, while a three-bedroom apartment will set you back $900.
It is possible to get a one bedroom apartment for $340 and a 3-bedroom flat for $600 if you want to look a little further from the city center.
The extra rent can increase your cost of living in Grenada, so it is highly recommended to seek cheap Grenada renting options if you are on a tight budget. Moving away from the city center works everywhere!
Utilities cost [electricity, internet, etc.]
The monthly cost of utilities for an 85-square-meter flat is $116.60. This includes electricity, heating, chilling, water, and garbage disposal.
Also, it varies from $85.10 to $190.33 based on usage and other factors.
Prepaid mobile tariff costs $0.25 (USD) each minute. A monthly subscription to an internet plan adds another $62.78 to the price.
How much money do you need to travel to Grenada?
To spend your holiday in Grenada at the average level with other tourists, you should budget about $237 daily.
On average, tourists spend $50 per day on food and ($13) per day on public transportation.
Furthermore, two hotel rooms in Grenada can consume $337 per night on rent.
As a result, the average cost of a weeklong trip for a two-person family or couple is $3,317.
These are the common costs incurred by tourists everywhere, compiled for convenience as you organize your vacation spending.
Citizens of Grenada are known for Their Friendliness
The people of Grenada are known to be among the friendliest anywhere. Therefore, you should not have any major difficulties adjusting to life in Grenada after deciding to move there. Multiple opportunities exist for interacting with locals who can enrich your time there. Most people in the country regularly attend religious services.
Volunteering is another great way to expand your social circle. Despite the presence of beaches, most Grenadians do not know how to swim.
What are the best cities to live in Grenada?
Among the most desirable cities to live a good quality of life with or without family in Grenada are:
- Lance aux Epines
- St. George’s
- Grand Anse
When compared to other Caribbean islands, the expense of living in Grenada is far more manageable. Living costs are much more affordable here than in the United Kingdom or the United States.
Finally, living in this country is a great choice if you have a high-paying job or sufficient savings. Also, you can obtain Grenada citizenship if you have an extra $150,000 lying around for donations or buy property worth over $350,000.