Grenada is a wonderful Caribbean island whose popularity has increased in the last few years. Renowned for its beauty and the warmth of its population, the ‘Spice Island’ is the new Caribbean destination. This guide introduces you to the cost of living in Grenada.
Understanding the cost of living in Grenada
In Grenada, the cost of living is affordable and relatively cheaper than in most of the other Caribbean islands. The cost of groceries, restaurants, education and real estate is especially advantageous compared to the UK or the USA. Grenada also has a favorable tax regime since it doesn’t have tax on worldwide income, capital gains and inheritance tax. The country occupies the 87th place in the Global Passport quality of life index , with high levels of happiness and freedom.