Cost of Living in the British Virgin Islands
Last updated on Jan 10, 2024
Summary: The cost of living in the British Virgin Islands is generally considered to be high. A nice one bedroom apartment can cost anywhere from $1,500 to $2,500 per month, while a nice two bedroom apartment can cost anywhere from $2,500 to $3,500 per month. The cost of dinner at a moderately priced restaurant can range from $20 to $50 per person.
Is the cost of living in the British Virgin Islands high?
We asked people how much they someone comfortably live on in the British Virgin Islands, they wrote:
"The cost of living in the British Virgin Islands is generally higher than in other Caribbean countries due to its higher standard of living. Prices for basic goods and services such as food, housing, transportation, and entertainment are all higher than in other Caribbean countries. Additionally, the cost of imported goods is also higher due to the islands' remote location. Despite the higher cost of living, the British Virgin Islands offer a high quality of life with a wide range of activities and amenities," said one expat in Brit. Virgin Isl..
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Will I save money living in the British Virgin Islands?
"Living in the British Virgin Islands can be more expensive than living in the United States in some areas, such as housing and transportation. However, the cost of living in the British Virgin Islands is generally lower than in the United States, with lower taxes and no sales tax. Additionally, the cost of food and other necessities is often lower than in the United States. Therefore, overall, living in the British Virgin Islands can be more cost-effective than living in the United States," said one person in Brit. Virgin Isl..
What is the average cost of housing in the British Virgin Islands?
If you are thinking about moving to the British Virgin Islands, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in the British Virgin Islands varies depending on the location and type of property. Generally, the cost of renting a one-bedroom apartment in the British Virgin Islands is around $1,500 per month, while the cost of buying a house can range from $200,000 to over $1 million," explained one expat.
What are typical rental prices for expats in the British Virgin Islands?
"The rental price for a nice 1 bedroom apartment in the British Virgin Islands can vary depending on the location and amenities, but generally ranges from around $1,500 to $2,500 per month. For a nice 2 bedroom apartment, the rental price can range from around $2,500 to $4,000 per month," remarked one expat living in Brit. Virgin Isl..
What appliances are typically included in a rental?
We asked foreigners in the British Virgin Islands 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 the British Virgin Islands typically include a refrigerator, stove, oven, dishwasher, and washing machine. Depending on the property, some may also include a microwave, toaster, and other small kitchen appliances. Additionally, air conditioning units are often included in rental properties in the British Virgin Islands," said an expat in Brit. Virgin Isl..
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.
Additional Information:
- Brit. Virgin Isl. Guide
- Healthcare & Health Insurance in Brit. Virgin Isl.
- Members Talk about Healthcare & Health Insurance in Brit. Virgin Isl.
- Best Places to Live in Brit. Virgin Isl.
- Guide to Real Estate in Brit. Virgin Isl.
- Pros & Cons of Living in Brit. Virgin Isl.
- Cost of Living in Brit. Virgin Isl.
- Pros and Cons of Living in Brit. Virgin Isl. 2024