Cost of Living in Trinidad & Tobago
Last updated on Jan 06, 2024
Summary: The cost of living in Trinidad & Tobago is generally considered to be quite reasonable. A nice 1 bedroom apartment in Trinidad & Tobago can cost anywhere from $500 to $1,000 USD per month, while a nice 2 bedroom apartment can cost anywhere from $800 to $1,500 USD per month. The cost of dinner at a moderately priced restaurant in Trinidad & Tobago is usually around $20 USD per person.
Is the cost of living in Trinidad & Tobago high?
We asked people how much they someone comfortably live on in Trinidad & Tobago, they wrote:
"The cost of living in Trinidad & Tobago is generally considered to be quite high, with prices for basic necessities such as food, housing, and transportation being significantly higher than in many other countries. The cost of living in the capital city of Port of Spain is particularly high, with rent and other living expenses being particularly expensive. Additionally, the cost of imported goods is also quite high, making it difficult for many people to afford the items they need," said one person in Trinidad & Tobago.
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Will I save money living in Trinidad & Tobago?
"Living in Trinidad & Tobago can be more affordable than living in the United States in some areas. The cost of living in Trinidad & Tobago is generally lower than in the United States, with lower prices for food, housing, and transportation. Additionally, the cost of healthcare is significantly lower in Trinidad & Tobago than in the United States. However, the cost of imported goods and services may be higher in Trinidad & Tobago than in the United States," explained one expat.
What is the average cost of housing in Trinidad & Tobago?
If you are thinking about moving to Trinidad & Tobago, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Housing is higher here then in Canada, but there is less land here and that is expensive," said one expat in Port of Spain.
"Lower. If you want the false security of where expats live (and thus to me, a target for when SHTF) you are going to pay crazy high prices because Trinis rent these houses to corporations and get big money from them. If you live in a nice community without expats in Trinidad, it is much more reasonable. My house is $2,800US with 5 bedroom, 5 bath, all stainless kitchen, pool, jacuzzi, view and I'm right by Chaguaramus, beaches, and town. The one road in and out sucks but nothing is perfect. PS - my electric bill per month is the equivalent of $150US - I paid $350 a month in the summer to cool my ranch house in the US!!," remarked one in Carenage.
"Yes, the housing is double and maybe even triple in some areas. Average housing is $4000 US to $7000 US. Furnished housings go for more when available. **Utilities are cheaper than Houston. Cable / Internet and Electric are 1/4 the price we paid in the states," explained one expat.
"The cost of housing in Trinidad & Tobago varies depending on the location and type of property. Generally, the average cost of a house in Trinidad & Tobago is quite high, with prices ranging from mid-range to luxury. Renting is also an option, with prices ranging from moderate to expensive," said one person in Trinidad & Tobago.
What are typical rental prices for expats in Trinidad & Tobago?
"The rental price for a nice 1 bedroom apartment in Trinidad & Tobago is typically around $1,000 USD per month, while a nice 2 bedroom apartment can cost around $1,500 USD per month," said one expat living in Trinidad & Tobago.
What appliances are typically included in a rental?
We asked foreigners in Trinidad & Tobago what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Trinidad & Tobago typically include a refrigerator, stove, oven, and washing machine. Depending on the property, other appliances such as a dishwasher, microwave, and air conditioner may also be included," said an expat in Trinidad & Tobago.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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