Grenada, known as the "Spice Isle" of the Caribbean, offers a blend of tropical beauty and developing infrastructure across its three main islands: Grenada, Carriacou, and Petite Martinique. With a population of approximately 112,000 people, Grenada combines traditional Caribbean charm with growing modern amenities, particularly attractive to retirees and investors through its Citizenship by Investment Programme.

Grenada's economy is primarily driven by tourism, agriculture (especially spices), and offshore education services. The country has seen significant development in recent years, particularly in its luxury tourism sector and real estate market. The presence of St. George's University Medical School also brings a substantial international student and faculty population.

The expatriate community in Grenada is diverse, with significant populations in the south of the island, particularly around St. George's and the popular Grand Anse area. Many are drawn by the citizenship program, retirement opportunities, and the island's natural beauty, while others come for educational positions or tourism-related businesses.

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Regional Comparison

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Housing Costs in Grenada

Housing costs in Grenada vary significantly between tourist areas and local neighborhoods. In premium locations like Grand Anse or Lance aux Epines, a one-bedroom apartment typically rents for 2,000-3,000 XCD monthly, while similar accommodations in St. George's range from 1,500-2,500 XCD. Properties with ocean views or in gated communities can command significantly higher prices, often starting at 4,000 XCD monthly.

Summary:

• Rent, 1-bedroom apartment (premium areas): 2,000-3,000 XCD/month
• Rent, 1-bedroom apartment (St. George's): 1,500-2,500 XCD/month
• Rent, gated community/ocean view: 4,000+ XCD/month

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Food Costs in Grenada

Food expenses in Grenada reflect a mix of local and imported products. A meal at a local restaurant costs 25-40 XCD, while dinner at a tourist-oriented restaurant might run 60-100 XCD per person. Monthly grocery shopping at supermarkets like Food Fair or IGA can cost 800-1,200 XCD for one person, though shopping at local markets can reduce costs significantly. Local fruits, vegetables, and fish offer better value than imported items.

Summary:

• Local restaurant meal: 25-40 XCD
• Tourist restaurant dinner: 60-100 XCD
• Monthly groceries (1 person): 800-1,200 XCD

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Transportation Costs in Grenada

Transportation in Grenada primarily relies on minibuses, taxis, and private vehicles. Local bus rides cost 2.50-5 XCD, while private taxis are more expensive, with a typical journey between St. George's and Grand Anse costing 30-40 XCD. Many residents and long-term visitors choose to purchase vehicles, though this comes with higher initial costs due to import duties.

Summary:

• Local bus fare: 2.50-5 XCD
• Taxi (standard route): 30-40 XCD
• Car rental (daily): 100-150 XCD

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Healthcare Costs in Grenada

Healthcare in Grenada operates through both public and private facilities. Private health insurance typically costs 300-600 XCD monthly per person, depending on coverage. A consultation at a private clinic costs 150-250 XCD, while specialist visits range from 200-400 XCD. Many expatriates maintain international health insurance that includes evacuation coverage to larger Caribbean islands or the United States for major medical issues.

Summary:

• Private health insurance: 300-600 XCD/month
• Doctor's consultation: 150-250 XCD
• Specialist visit: 200-400 XCD

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Utility Costs in Grenada

Utility costs in Grenada can be significant, particularly due to electricity costs and air conditioning use. Monthly utilities including electricity, water, and garbage collection typically range from 300-600 XCD for an apartment. Internet service costs 150-250 XCD monthly for reliable connections. Mobile phone plans with data typically range from 60-120 XCD monthly.

Summary:

• Basic utilities: 300-600 XCD/month
• Internet: 150-250 XCD/month
• Mobile phone plan: 60-120 XCD/month

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Example Monthly Expenses in Grenada

Average monthly expenses for a single person living in a good area:

• Rent (1-bedroom, good area): 2,500 XCD
• Utilities: 450 XCD
• Food: 1,000 XCD
• Transportation: 200 XCD
• Healthcare (insurance): 400 XCD
• Internet/Phone: 200 XCD
• Entertainment: 500 XCD
• Total: 5,250 XCD

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Cost of Living vs Quality of Life Correlation

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If you want to know more about Grenada and the cost of living there you can also check out the Grenada page.