Retiring in Grenada in 2025: Cost of Living, Healthcare, and Expat Insights
Retiring in Grenada in 2025: Cost of Living, Healthcare, and Expat Insights
Grenada, the "Spice Isle" of the Caribbean, is increasingly popular among retirees seeking a tropical, affordable, and safe destination. This 2025 guide covers everything you need to know about retiring in Grenada: from cost of living and healthcare to food, rent, and lifestyle—complete with up-to-date data and citations.
Cost of Living in Grenada (2025)
Grenada’s cost of living is generally lower than in the US or UK, making it attractive for retirees. A single retiree can live comfortably on USD $1,500–$2,000/month, covering rent, groceries, and entertainment.
Sources: Global Citizen Solutions, Golden Harbors
| Expense | Low Standard | Medium Standard | High Standard |
|---|---|---|---|
| Monthly Budget (USD) | $1,500 | $2,000 | $3,000+ |
| One-bedroom rent (city center) | $365 | $650 | $780 |
| Three-bedroom rent (city center) | $640 | $1,130 | $1,700 |
| Utilities (monthly) | $217 | ||
Food Costs in Grenada
Local produce and staples are affordable, while imported goods are pricier. Eating out is budget-friendly, with local meals under $8 and three-course meals for two at mid-range restaurants around $75–$79.
Sources: Global Citizen Solutions, Global Citizen Caribbean
| Item | Price (USD) |
|---|---|
| Meal, inexpensive restaurant | $7.40–$8.00 |
| Three-course meal for two (mid-range) | $75–$79 |
| White rice (1kg) | $1.65–$1.83 |
| Fresh bread (500g) | $1.31–$2.65 |
| Cheese (1kg) | $12.29 |
| Eggs (12) | $3.57–$3.69 |
| Bananas (1kg) | $2.26 |
| Oranges (1kg) | $2.06–$2.28 |
Healthcare in Grenada
Grenada is recognized for having one of the best healthcare systems in the Caribbean, with 30 medical stations, 6 health centers, and 8 hospitals. Public healthcare is available, but private insurance is recommended for expats and retirees. Private insurance premiums typically range from $200–$300/month. Evacuation insurance is also advised for serious conditions.
Sources: Global Citizen Solutions, Golden Harbors, Global Citizen Caribbean, Nomad Capitalist
Standard of Living
Grenada offers a high quality of life, with low crime rates, friendly communities, and a relaxed island pace. The country ranks 70th in the Global Passport Index for quality of life, with high happiness and freedom scores. Expat communities are growing, and the island is well-connected by international flights.
Taxes & Residency
Grenada has a favorable tax regime: no taxes on worldwide income, capital gains, or inheritance. Foreigners can apply for permanent residency after two years, or citizenship by investment. The minimum investment for citizenship is $235,000 (donation) or $270,000 (real estate joint investment).
Sources: Global Citizen Solutions, Nomad Capitalist
Safety & Expat Life
Grenada is one of the safest Caribbean countries, with low crime rates and a welcoming environment for retirees. Popular expat areas include St. George’s, Grand Anse, Lance aux Epines, and Carriacou. The island’s natural beauty, vibrant culture, and affordable lifestyle make it a top choice for retirement.
Conclusion
Retiring in Grenada in 2025 offers a blend of affordability, quality healthcare, safety, and a relaxed lifestyle. With a monthly budget of $1,500–$2,000, retirees can enjoy island life without sacrificing comfort or security.
Citations:
Global Citizen Solutions: Cost of Living in Grenada (2025)
Golden Harbors: Retire in Grenada 2025
Global Citizen Caribbean: Retire in Grenada 2024
Nomad Capitalist: Moving to Grenada 2025