7.  Las Terrenas, Dominican Republic

gallery retire abroad las terrenas
  • Your monthly budget: $1,200

This is a beach bum's paradise. And it's one of the more affordable places to live in the Caribbean.

The Dominican Republic makes the process of becoming a resident easy, and you can import household goods and a car tax-free.

First published January 6, 2016: 8:16 AM ET
Monthly budgets consider the following costs: rent for a one-bedroom apartment, groceries, utilities, cable, Internet, phone services, and entertainment (eating out twice a week and two trips to the movies a month).

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