Beautiful weather, an affordable cost of living, and a relaxed vibe await retirees on these Caribbean islands.
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Whenretirement approaches, many begin to consider where they want to spend their golden years.
Others, meanwhile, prioritize luxury and amenities, ideal weather, and beautiful scenery.
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State Departmentalso offers advice about what to consider before retiring abroad.
With insight from experts on the subject, weve selected some of the best Caribbean islands for retirement.
Health care is widely available, and Medicare is accepted.
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Retirees can own property in Puerto Rico, too, with no restrictions or visas.
Thecost of livingis around 11 percent lower than on the mainland, and rents are about 53 percent less.
A number of established retiree communities, as well as assisted living facilities, are available.
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Retirees will have no trouble settling into life in Puerto Rico, according to an article byU.S.
News & World Report.
The atmosphere is still laid-back, and the cost of living is affordable.
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Apartments, condos, and hotels are available, and rents and overallcost of livingare relatively low.
Most residents get around on motor bikes or golf carts, saving the expense of an automobile.
Those with legal residency can enroll in public health insurance for a small premium.
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Many purchase private insurance to cover medical expenses or pay out of pocket.
U.S. Virgin Islands
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The main islands ofSt.
As a U.S. territory, the U.S. Virgin Islands require no visas or passports for relocating.
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Medicare is accepted, and medical facilities are available on all the islands.
The U.S. dollar is the currency, theres no sales tax, and English is widely spoken.
The overallcost of livingis higher than in the U.S., and rents are about six percent higher.
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Some were working at stores in town, and one was an artist who sold pieces to local stores.
English is the official language, and the currency is the U.S. dollar.
These islands are some of my favorites in the Caribbean, Hand told T+L.
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However the cost of living may be high for some retirees.
There are no taxes on real estate, income, inheritance, or estates.
However, there are no income taxes, VAT taxes, or taxes on capital gains or inheritance.
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Its a combination of both.
Retirees are able to purchase property with an Alien Landholders license and additional fees.
Those who own property are able to obtain permanent residency.
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Private insurance that includes transportation to the U.S. or a nearby large city is advisable.
Both public and private health care services are available, and private insurance is recommended.
[It’s a] beautiful place to live.
Most expats and retirees live in Santo Domingo, Santiago, or Punta Cana.
Resorts, museums, shops, and towns provide plenty of activities and entertainment.
There’s an income tax, and retirees are eligible for exemptions on foreign pensions and annuities.
Quality health care both public and private is available, too.
Two of the islands (called cays) are popular retirement destinations: Ambergris Caye and Caye Caulker.
Both are a short flight or boat trip from the mainland.
