Would A Family Of Three Be Able To Live Well On A Income Of 72,000 Pesos A Month (man,wife,small Child) Renting A Nice House In Santiago In The Villa Olga Or Cerro Alto Area Or Gurabo Area
What Kind Of Lifestyle Could Be Expecred On This Kind Of Income?
Thank You
A rental home in Villa Olga would run into some 25,000, but given the amount of new apartment buildings there, renting a well sized apartment would make a bit more sense and offer some security.
With 72,000 a family of three would have a comfortable living, nothing out of the Beverly Hills drama...
A rental in Gurabo would be cheaper as of now, all depending on home size and fanciness.
You can expect to live an above average living compared to most Dominicans, but not in the well to do range. If you get used to the local diet and lifestyle, you sure can live a much richer living (not monetarily) than in the States or CA.
If you do your moving at intervals instead of a whoosh! and move right away thing, you can do much better than a good 90% of those already moved or in the process of doing so.
I suggest you first have a strong taste of the local diet and lifestyle by making a part-time move to the DR, but with the bulk of your stuff at home.
If you can secure a secondary income in foreign funds via investment or side biz at home, then you could really enjoy an above the 95% lifestyle among Dominicans and current foreigners making the DR home now.
As posted before, gas expenses are a drag on your pocketbook.