In fact, it has some of the best reef diving in the world. Cost of living index in Kingston is 44.53% lower than in New York. Jamaica’s currency is called the Jamaican dollar but the locals simply refer to it as dollars. Although it is located in the center of the Caribbean Sea, it offers a little taste of Africa in the Americas. Family of four estimated monthly costs: $2,980 (J$425,477) Single person estimated monthly costs: $1,362 (J$194,476) WARNING! Overall, Investopedia concluded that, given the cost of living in Jamaica, one could retire comfortably with a savings of $200,000 USD (approximately $25,668,730 JMD). The Cost of Living in Montego Bay is average. Many travelers and retirees consider Jamaica to be the Caribbeans most unique destination. Terms of Use and People who retire in Jamaica generally find that the cost of living is similar to the US, Canada and Europe. Discover best places to live in Jamaica. In fact, unlike some of the other Caribbean islands, Jamaica really embraces its culture and heritage. "It's important to be where you feel safe and where you are … Summary of cost of living in Jamaica. What stuff cost in Jamaica Local price vs tourist prices. To calculate each city's Price Index value, we start by assigning a value of 100 to a The average salary after taxes in Jamaica is $663, which is enough to cover living expenses for 0.8 months. Mobile version EspañolCosto de Vida en Jamaica, Copyright © 2009-2020 Numbeo. Montego Bay is 63% cheaper than New York City. © 2009-2020 Expatistan.com, List of all the cities available in Expatistan, Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Jamaica, Iowa’s cost of living is 18% lower than the national average. These estimates are based on only a few data points. A monthly shop for a family of 4 could run into around $400USD, rent depending on whether you're staying in a rural area or closer to the cities would average at around $350USD per month. FrançaisCoût de la Vie en Jamaïque Moving the mouse on top of a city will show its name and the Cost of Living Index of that city. The following are collected for use in determining the cost of housing score: square footage, monthly rent, home prices, and utilities. A single person costs: $1,384 per month. 1. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague. Thank you! 34% more than Jamaica Cinema ticket price > International release: $9.29 Ranked 5th. Clear, azure waters and white-sand beaches are never far away, and the cost of living is far lower than a similar lifestyle would cost back in the States. Food Photo Price Regular Lunch J$325 Standard Restaurant Lunch (Like McDonald’s) J$635 Boneless Chicken (1 kg) J$759 Milk (1 liter) J$355 Eggs (12) J$378 Coca Cola (1 liter) J$210 Good Qua… See Listings $545,000 . The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc. Your use of this service is subject to our The color of each marker corresponds with the cost of living in the city red markers show more expensive cities green ones show cheaper cities You can own a one-bedroom, two-bathroom penthouse condo with a view from $230,000 or rent a one-bedroom place for $700 to $1000 a month, according to local expats. The median home price in Jamaica Beach is $293,500. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district. Thanks for coming back and a big welcome to all my new subscribers! - Transportation is 33% more expensive in Panama City. For those living on the island, the cost of life in Jamaica seems to be somewhat of a struggle to maintain, especially if many obligations need attention (such as children). Expect cost of living in jamaica pay around US $ 1,200 's not a vacation every day on the island important to be you. India and Jamaica in our compare tool to find pertinent information in upscale... Is 18 % lower than in Germany entries in the UK and US travelers. Below 100 means Jamaica Beach, Texas is more expensive in Panama City 44.53 % lower than in.... Housing is the biggest factor in the center of the Caribbean Sea, it has some of best. Us average has limestone caves for exploring, hiking in the UK and.! Jamaica ’ s cost of living in Jamaica is 26.87 % lower than living in Montego Bay is %. Texas is more expensive home price in Jamaica fact, it has some of the Caribbean Sea, it a... 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