Cost of Living
The cost of living abroad in this country is considered moderate, simply because most everything must be imported. You won’t find the cheap prices here that you can find in the rest of the Caribbean and/or Central and South America, but St. Kitts and Nevis has its perks. What expats retiring abroad are finding out is that this country has no taxes on inheritances, foreign income, or capital gains. It allows you to get a second passport with dual citizenship that then allows for visa-free travel to 103 different countries. The population is friendly and speaks English. These types of perks can arguably outweigh the higher cost of living. Rent ranges anywhere from $1,000 per month to $1,800 per month depending on where you choose to live and how many bedrooms you need. While that range is considerably high, you can tell which products are more expensive thanks to the fact that they must be imported. For example, a gallon of milk is $14, but a meal at an inexpensive restaurant is only $10. A water or soft drink is under $2 and eggs and bread are in the $2 to $3 range. If you want to make St. Kitts and/or Nevis your new retirement home abroad, you can certainly budget for a lifestyle that isn’t completely expensive – but you’ll likely still have to pay high rent prices. Just consider the pros of living on either of these islands and weigh out your options!