Best Places to Retire in the Caribbean (Updated 2021)
Retirement is such a highly anticipated moment in a working individual’s life. Most work all their life to make sure their retirement is as smooth-sailing as possible. Nearing the retirement age, it’s normal to stray away from the working city and relocating to a more tamed and relaxing location. And this article will list down the top 7 places to retire in the Caribbean.
The Caribbean is a dream for most. If you’re someone who loves the ocean and the island life, the Cabi is one of the most wonderful place to retire to. Aside from being a lush paradise, it is also the home to diverse locations that can surely give you the relaxing feeling that you’ve been wanting.
The Dominican Republic is home to a wide variety of magnificent resorts and beaches. If you’re aiming to get sun-kissed, you can definitely consider retiring here.
The country is the leading tourist destination in the Caribbean and is packed with high-end real infrastructures, a never-ending line of beaches, and a relaxing lifestyle.
If you want to live in a more secure and gated community, with amenities readily available, placed like Casa de Campo, Cap Cana, and Punta Cana are highly recommended. However, if you want to live in the more quiet portion of the country with a good view of the beach, Las Terrenas is a good place to settle to. It is an ideal location near the beach, situated in the northern coast of the country.
If you are looking for a view with a beautiful coastline alongside white sand beaches, consider retiring in Belize, the home of the second-longest barrier reef system in the world. Belize earns a reputable spot as a top retirement destination, especially since the country offers tempting property prices.
The country also has a Qualified Retired Persons (QRP) Program which offers qualified applicants to retire in Belize, stay in the country as long as they are involved in the program, and have the benefits of exemption from taxes from income outside of Belize.
One of the most popular retirement location in Belize is Ambergris Caye. It is the largest island in Belize and offers attractive and affordable real estates near the beach. For a more quieter environment, Placencia Peninsula, located south of Ambergris Caye, is a nice place to consider.
Condominium units in Belize starts at a roughly $150,000.
The Eastern Caribbean Island of St. Lucia is summed up in four things: golden beaches, mesmerizing waterfalls, abundant rainforest, and is the home of the iconic Pitons – twin volcanic spires that emerged from the sea. And for some, these four reasons are enough to consider retiring in the island. Aside from those, the St. Lucia also has a breathtaking landscape.
If you are an active individual, St. Lucia will be able to give you just that. The island is open to different kind of hobbies, such as golfing to sailing, up to even exploring all kind of water sports.
St. Kitts & Nevis
If you want to retire in luxury, definitely check out St. Kitts & Nevis.
St. Kitts & Nevis is a twin-island Federation, famous for its luxurious lifestyle, over the top real estate, and an appealing tax environment (no income, capital gains or inheritance taxes).
The twin-island also offers the world’s longest established citizenship by investment program. Through this, you are ensured a smooth-sail to retiring in the island. And the best of all, the Federation promises the luxury and relaxing lifestyle, surrounded by the beauty of nature.
The past few years, we have seen Panama rise as one of the most popular destination for retirement because of the country’s appealing retiree residence program that offers attractive features, such as discounts on healthcare, entertainment, and travel.
If you love the city, Panama City, the capital is a must-go, but if you are more of a beach person, the Bocas del Toro archipelago, located at the country’s Cabi coast is worth swooning over with its magnificent beaches, lush rainforest, and stunning reefs. It’s a wonderful tropical location to retire to.
For a more simple lifestyle, check out the tiny island of Roatan. It’s about 30 square miles, located in the Bay Islands off the coast of Honduras in the west Caribbean sea. It has a more laid back atmosphere compared to the others but don’t be discourage by that. It’s still a charming and welcoming place to retire to.
Retiring in Roatan is pretty simple too, real estate prices are attractive and the cost of living is lower than the other island. Overall, it’s one of the most cheapest place to retire to in Cabi. A typical 2-bedroom wooden beach house, a few meters away from the shore, starts at approximately $220,000.
Puerto Vallarta, México
The last on this list might not be in the Caribbean coast but it is closer and it’s just impossible not to include it.
Puerto Vallarta, located on Mexico’s Pacific Coast rather than the country’s Cabi coast, is a really popular place to retire to in Mexico. With its attractive beaches, restaurants, cafes, and art galleries, it’s a dream for some to spend the remaining of their years here.
The city, which can be accessed from USA’s West Coast and Canada, offers a wonderful lifestyle with a lot more to see. The cost of living is also low compared to other parts of Mexico and the best thing is that the medical care is of high quality.
Villas and condos in Puerto Vallarta, a few steps away from the beach, starts at approximately $150,000.