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Expat Exchange - Cost of Living in Belmont 2024
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Cost of Living in Belmont

By Betsy Burlingame

Universal Tax Professionals
Universal Tax Professionals

Summary: If you're moving to Belmont, understanding the the cost of living in Belmont helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Cost
Apartment Rentals
  • 1-bedroom apartment in city center: $500 - $800 per month
  • 1-bedroom apartment outside city center: $350 - $600 per month
  • 3-bedroom apartment in city center: $1,000 - $1,500 per month
  • 3-bedroom apartment outside city center: $700 - $1,200 per month
Apartment Purchases
  • Price per square meter in city center: $1,500 - $2,500
  • Price per square meter outside city center: $1,000 - $1,800
Transportation
  • One-way local transport ticket: $1.50
  • Monthly local transport pass: $40 - $60
  • Taxi starting tariff: $3.50
  • Taxi 1 km tariff: $2.50
  • Gasoline (1 liter): $1.20 - $1.50
Groceries
  • Milk (1 liter): $1.50 - $2.00
  • Bread (500g): $1.50 - $2.50
  • Rice (1 kg): $1.50 - $2.50
  • Eggs (12): $2.50 - $3.50
  • Chicken breasts (1 kg): $6.00 - $8.00
  • Beef round (1 kg): $8.00 - $12.00
  • Apples (1 kg): $3.00 - $4.50
  • Oranges (1 kg): $2.50 - $3.50
  • Tomatoes (1 kg): $2.00 - $3.00
  • Potatoes (1 kg): $1.50 - $2.50
  • Water (1.5-liter bottle): $1.00 - $1.50
  • Bottle of wine (mid-range): $10.00 - $15.00
  • Domestic beer (0.5-liter bottle): $1.50 - $2.50
  • Imported beer (0.33-liter bottle): $2.00 - $3.00
Restaurants
  • Meal at an inexpensive restaurant: $8.00 - $15.00
  • Meal for two at a mid-range restaurant: $40.00 - $60.00
  • McMeal at McDonald's (or equivalent): $6.00 - $8.00
  • Domestic beer (0.5-liter draught): $2.00 - $3.00
  • Imported beer (0.33-liter bottle): $2.50 - $4.00
  • Cappuccino: $2.50 - $4.00
  • Coke/Pepsi (0.33-liter bottle): $1.00 - $1.50
  • Water (0.33-liter bottle): $0.50 - $1.00
Utilities
  • Basic utilities (electricity, heating, cooling, water, garbage) for 85m2 apartment: $100 - $200 per month
  • 1 minute of prepaid mobile tariff (no discounts or plans): $0.25 - $0.40
  • Internet (60 Mbps or more, unlimited data, cable/ADSL): $50 - $80 per month
Private School Tuition
  • Preschool (or Kindergarten) tuition: $2,000 - $4,000 per year
  • Elementary school tuition: $3,000 - $6,000 per year
  • Middle school tuition: $4,000 - $8,000 per year
  • High school tuition: $5,000 - $10,000 per year
Please note that these costs are approximate and can vary depending on the specific area within Belmont, and individual preferences. It is always recommended to research and compare prices before making any decisions.

Monthly Budget for Retirees in Belmont

"Belmont is a relatively affordable place to live, especially when compared to many Western countries. The cost of housing is quite reasonable, with options ranging from modest apartments to more luxurious villas. The cost of food is also relatively low, especially if you buy local produce and products. Eating out at restaurants can be more expensive, but there are plenty of affordable local eateries to choose from. Transportation costs are also quite low, especially if you use public transportation. However, owning a car can be more expensive due to the cost of petrol and maintenance. Utilities such as electricity, water, and internet are reasonably priced, but this can vary depending on usage. Healthcare in Belmont, Grenada is also affordable, especially when compared to countries like the United States. However, it's worth noting that while the cost of living is generally low, wages in Grenada are also lower than in many Western countries. Therefore, what might seem affordable to a foreigner might not be the case for a local resident. Overall, the cost of living in Belmont, Grenada is quite affordable, especially for those coming from more expensive countries. However, it's always important to consider your personal lifestyle and spending habits when determining how much it might cost to live there," said one expat living in Belmont.

Can I live in Belmont on $1,500 a month?

"I've been living in Belmont for a while now, and I can tell you that it's possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable place to live. I recommend looking for apartments or houses in neighborhoods like Grand Anse, Morne Rouge, or True Blue. These areas are more affordable compared to more expensive neighborhoods like Lance Aux Epines or Westerhall Point.Next, you'll need to be mindful of your utility bills. Electricity can be quite expensive here, so try to use energy-efficient appliances and be conscious of your usage. Also, consider using a prepaid phone plan instead of a postpaid one, as it can help you save money on your monthly bills.Transportation is another area where you can save money. Public transportation is relatively cheap, and you can get around the island using buses or shared taxis. Owning a car can be expensive due to the high cost of gas and maintenance, so I'd recommend using public transportation as much as possible.When it comes to food, you'll need to adjust your eating habits. Eating out can be expensive, so try to cook at home as much as possible. Shop at local markets for fresh produce and fish, as they're usually cheaper than supermarkets. Also, consider buying local brands instead of imported ones, as they tend to be more affordable.Entertainment and leisure activities can also be a significant expense, so you'll need to be selective about how you spend your free time. There are plenty of free or low-cost activities to enjoy, like hiking, visiting beaches, or attending local cultural events. However, you might have to cut back on more expensive hobbies or outings, like dining at high-end restaurants or going on frequent boat trips.In conclusion, living comfortably on $1,500 a month in Belmont, Grenada is possible, but you'll need to make some sacrifices and be mindful of your spending. By choosing an affordable neighborhood, being conscious of your utility usage, using public transportation, cooking at home, and enjoying low-cost leisure activities, you can make it work," commented an expat living in Belmont.

Can I live in Belmont on $3,500 a month?

"I've been living in Belmont for a while now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, but you'll have to make some sacrifices. First, you'll need to find a more affordable neighborhood to live in. Belmont itself can be quite pricey, so I'd recommend looking into areas like Grand Anse, Morne Rouge, or True Blue. These neighborhoods are still close to the main city, St. George's, and have a good mix of locals and expats.In terms of housing, you'll probably have to settle for a smaller apartment or house, as larger places can be quite expensive. You can find a decent 1-2 bedroom apartment for around $800-$1,200 a month, depending on the area and amenities. Make sure to negotiate the rent, as landlords are often willing to lower the price for long-term tenants.When it comes to transportation, owning a car can be quite expensive due to import taxes and high gas prices. I'd recommend using public transportation, which is quite affordable and reliable. Buses and minibuses are the main modes of transport, and they can take you almost anywhere on the island for just a few Eastern Caribbean dollars.Eating out can also be pricey, especially in touristy areas. To save money, I'd recommend cooking at home and shopping at local markets for fresh produce. You can also find affordable local eateries and street food vendors that offer delicious meals for a fraction of the price of restaurants.As for entertainment and leisure activities, you'll have to be selective. Going out to bars and clubs can be expensive, so I'd recommend finding more affordable ways to enjoy your free time. Grenada has beautiful beaches, hiking trails, and other outdoor activities that are either free or low-cost. You can also find community events and local gatherings that are inexpensive and a great way to meet new people.In summary, living comfortably on $3,000 a month in Belmont, Grenada is possible, but you'll have to make some sacrifices and be mindful of your spending. By choosing a more affordable neighborhood, cutting down on transportation costs, cooking at home, and finding low-cost entertainment options, you can make it work and enjoy your time on this beautiful island," said one expat living in Belmont.

Can I live in Belmont on $5,000 a month?

"I've been living in Belmont for a while now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, especially if you're used to modern amenities. However, there might be some sacrifices you'll have to make to ensure you stay within your budget.Firstly, you'll want to consider the area you choose to live in. Belmont itself is a pretty affordable neighborhood, but if you're looking for something even more budget-friendly, you might want to check out areas like Grand Anse or Morne Rouge. These areas are still close to the main city, St. George's, and have a good mix of local and expat communities. On the other hand, if you're looking for something more upscale, you might want to avoid neighborhoods like Lance Aux Epines or True Blue, as these tend to be more expensive.In terms of housing, you can find a decent apartment or house for around $1,000 to $2,000 a month, depending on the size and location. Keep in mind that utilities like electricity and water can be a bit pricey, so you'll want to factor that into your budget as well.When it comes to transportation, owning a car can be quite expensive due to import taxes and high gas prices. Instead, you might want to consider using public transportation, which is relatively cheap and reliable. Taxis and buses are readily available, and you can get around the island for just a few dollars per trip.Groceries and eating out can also add up, but if you're smart about where you shop and dine, you can keep your costs down. Local markets and supermarkets offer affordable produce and other essentials, while local eateries and food stalls offer delicious meals at reasonable prices. You might have to cut back on dining at high-end restaurants or buying imported goods, but you'll still be able to enjoy a good quality of life.Finally, you'll want to be mindful of your entertainment and leisure expenses. Grenada offers plenty of free or low-cost activities, like hiking, snorkeling, and exploring the island's beautiful beaches. However, if you're into more expensive hobbies or enjoy frequent nights out, you might need to cut back on those to stay within your budget.Overall, living in Belmont, Grenada on $5,000 a month is definitely doable, but you'll need to be mindful of your spending and make some sacrifices to ensure you can enjoy a comfortable lifestyle," commented an expat living in Belmont.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


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