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This could mean you keep your current property, whilst paying off the mortgage for free! This is a possibility since the rent prices are so low. Unless buying a property is part of a larger business plan, I’d advise against purchasing property in Jamaica since the market can be very slow and the prices for amenities are very high.Ī brilliant plan which you could implement is renting out your current property for a few years and use what remains from the mortgage repayment to pay rent in Jamaica. $8,000 per year for rent is an absolute steal, especially compared with apartments in America. The average 3-bedroom apartment outside of urban environs is typically around USD$673 per month. Outside of the city centers, basically the spots you want to stay in like Ocho Rios and Negril, are some of the cheapest average prices. House Price In JamaicaĪccording to, the property and rent prices are very cheap. There are opportunities for work here, so don’t discard that as an option, but it is advised that ex-pats avoid coming to Jamaica with the idea of looking for work. Perhaps if you decide to move to Jamaica, it’ll either be to set up a business (which many foreign nationals have tried and tested), maybe you’ll be working as a digital nomad or, you’ll arrive as a retiree. You would think that since the cost of living is so low here, there will be no need for someone to get a job to sustain a life in Jamaica. That’s right, not per quarter, but per year. The median salary is only USD$7,800 per YEAR. It’s well-known that Jamaica is a better economy than the likes of Communist Cuba or Saint Lucia, but you’d be surprised to know that the average salary in Saint Lucia is higher than Jamaica. The median salary in Jamaica leaves much to be desired. Depending on the quality of lifestyle standard you choose, the cost of living here is a lot cheaper than vacationing here. When it comes to living in Jamaica however, the prices drop dramatically. It is safe to say that this is expensive only because the typical tourist in Jamaica is seeking a 5-star all-inclusive resort.Īlthough hostels in Jamaica do exist, there aren’t many backpackers passing through, so finding a cheap hotel or hostel can be difficult.Īs you may have guessed Jamaica is mostly visited for the all-inclusive package holiday stuff, so you can expect high premiums for staying over in a hotel such as Bahia Principe Grande for example. This translated into US Dollars, is around USD$2,800 for two people across two weeks.
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A trip for two weeks for two people costs J$429,253 in Jamaica.
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So, a trip to Jamaica for two people costs around J$214,626 for one week. If you’ve accepted these setbacks, congratulations!īelow is my guide and advice: Is Jamaica Expensive?Ī modest vacation for the average traveler to Jamaica (for one week) usually costs around J$107,313 for one person.
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The inner cities tend to be where foreigners avoid, plus there’s hurricane season. Pick up your veg at the roadside in Jamaica If you’re set on moving to Jamaica, I’ll assume that you’ve done your research about the country – especially when it comes to your own safety in Jamaica and you know what will face you if you take a trip. In Jamaica, there’s no problems! Everyone says so at least… Let’s get into living in Jamaica and how realistic the prospect truly is. When you think of Rastafarian culture, you think of Jamaica. An island of unique culture, engaging activities, breath-taking landscapes, and warm, welcoming people.