5000 $US is 237,000 DOP. I would bet most expats are doing well on less. Of course if you own your house it makes a huge difference. I spend far less and we support two households.
Can you explain that please?5000 $US is 237,000 DOP. I would bet most expats are doing well on less. Of course if you own your house it makes a huge difference. I spend far less and we support two households.
Can you explain that please?
In what way does owning your home make a huge difference?
No rent or mortgage.
I have a friend who is retiring this year he asked me how would he live in RD on 5k a month I told him like a King
Would you folks agree? I think he could live anywhere on the island With King Status. ......
I agree with you ,100 percent.5k per month is more then ample to live very comfortably in Santo Domingo. My wife and I have been living very well on that amount over the last 5 years. Nice fully furnished apartment (renting), eating out almost every night, driving nice jeepeta, traveling somewhere in the country at least two times per month. If you're single then possibly the chica expense could eat up the money fast, depending on how you handle it.
I break it down this way
1) 1300 rent thats get you a beautiful place with security
2) 500 food monthly
3) 300 luz monthly
4) 100 Cable
Total 2200
leaves you $2800 for entertinment and beach and good times taxis
I think that a very good life doing what every the hell he wants.....his money will go alot futher here than in usa and he will have more fun...............
The Danger is the Casino's and the chica's
Healthcare / health insurance? Help in the home? Taking cabs everyday in a city that doesn't really give you a choice than transport motorized easily is 500 per month as well. (Unless you don't leave your house).
My breakdown (trying to leave out spending for children:
Rent 1200, Fuel 400, supermarket 1000, health insurance 250, internet 100, cellphones 100, help at home 300, eat out (once a week) 400, other unforeseen costs 300. That makes about 4K. Now include a trip once a year back to your homeland. Than you have maybe 700 per month left for entertainment, including trips to the beach / countryside (spending the night). Possible but not royal.
Now include children and you're at 7k for just making ends meet. I don't know about USA but money goes much further in (many parts of) Europe than in SD
And no property tax as well here depending on your personal situation.
There is no such place in the DR. Banks even tip off thieves when you leave the bank with a decent size withdrawal amount.5k doesn't buy you much security in crime-ridden DR, in fact being seen as a kind of well-off that makes you a target (but not rich enough to get all the house/personal security personnel.... ). So a king, no, a well-off with mark on your head, yes.... lol
With that kind of money head for a place which is a bit safer, organized and well, civilized, and that money can give you a comfortable life with safety and less headache, why DR....!
......... you wished in a good area of the capital and have a maid and cook ,and why not in retirement,...
us 1250 a week is dreariness wow tell anyone in Rd that i would love to hear thier opinon..
From the other side of the coin, I believe that $60,000 a year would only permit you to have a very ordinary life here ..I personally would hate to try it but I suppose it depends exactly where you wish to live and what sort of life you wish to lead. If you simply wished to live in one of those north coast areas ,say Sosua,Cabarete,Cabrera or Las Terrenas and go to the beach or the bar or watch television and also do your own house work ,then you could do it quite easily.
If you wished to live in a secured resort , more expensive. However,if you wished in a good area of the capital and have a maid and cook ,and why not in retirement, and go to the films and to some concerts and go to a decent restaurant once or twice a week as well as needing transport such as a taxi or your own car , then the $5000 per month would fritter away like butter in a saucepan . I might also add that you may care to entertain friends for dinner with decent food and wine ,which is not so out of the ordinary .
As, I said ,it is quite possible but may reduce your life to some dreariness.