Retire on an Island: Best and Worst Islands for Retirement

An island in the Caribbean. Photo by Flickr/Susan Hunt
An island in the Caribbean. Photo by Flickr/Susan Hunt

An island vacation on the Caribbean is seen as a luxury by most, let alone someone trying to plan for retirement. But a new InternationalLiving.com report shows five great-value Caribbean retreats ideal for an affordable retirement, as well as two islands to avoid.

5 Affordable Island Locations to Retire

Palm trees lining a beach on Ambergris Caye.
Palm trees lining a beach on Ambergris Caye. Photo by Flickr/Bernt Rostad

Ambergris Caye, Belize

English-speaking Ambergris Caye is the largest island in Belize at 25 miles long and a little over a mile wide. Because the Belize Barrier Reef is so close to shore, diving and fishing boomed and Ambergris has seen recent growth. The reef is full of marine life and beautiful coral.

Power, water, cell phone coverage and internet are reliable so you don’t need to sacrifice comfort. You can buy most necessities for daily living on the island.

Expats who live on the island report a cost of living, including rent, of $2,000 to $3,000 a month, and properties can be found from around $175,000.

Roatán, Honduras

Roatán, Honduras. An early morning view of the bay. Photo by Flickr/Karen
Roatán, Honduras. An early morning view of the bay. Photo by Flickr/Karen

What used to be a secret divers’ paradise is now a perfect retirement destination. At just 50 square miles and free of resorts, this island boasts a quiet, laid-back lifestyle complete with pristine shores.

English is spoken on the island, and most modern conveniences can be found here. The cost of living is slightly higher since everything needs to be imported to the small island, but with the peace and quiet and the still relatively low cost compared to other island retirement locations, this is an ideal place for an affordable island retirement. The monthly cost of living for a couple, including rent, is $2,000 to $2,500.

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