November 11, 2016 in Retirement

5 inexpensive Caribbean islands for retirees to settle down in

Ever dream of retiring on an island? The Caribbean’s proximity to the East Coast of the U.S. makes it an attractive location, but some islands are cost-prohibitive for retirees on a budget. International Living published a list of five of the more affordable ones to consider. Monthly costs listed include rent.

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Estimated monthly cost: $2,000 to $2,500

Attractions: Only 8 miles from bustling Cancun, the laid-back island is packed with opportunities for water sports, including snorkeling, swimming with dolphins, diving and sailing.

Estimated monthly cost: $2,000 to $2,500

Attractions: “Old-school,” laid-back Caribbean, with pristine beaches and no high-rise buildings, but equipped with modern conveniences.

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Price: Less than $2,000

Attractions: For those who truly want to get away from it all. Big Corn and Little Corn are sparsely inhabited, tiny islands — only 4 square miles and 1 square mile, respectively. Little Corn doesn’t even have roads.

Estimated monthly cost: $2,000 to $3,000

Attractions: English-speaking, good cellphone and internet coverage, a diving and fishing paradise with a barrier reef a half-mile offshore teeming with marine life.

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Estimated monthly cost: $2,000 to $3,000

Attractions: The island of Hispaniola is divided in two, with Haiti on the west side and the Dominican Republic on the east. Only 3 1/2 hours by plane from New York, Las Terrenas has a small-town feel, but with lots of colorful mom-and-pop cafes and shops. Strict planning laws keep the chain hotels at bay.