Dominicana Republic listed at #10
Dominican Republic.
This Caribbean island, surrounded by the Atlantic Ocean and Caribbean, is one of the least expensive Caribbean islands for retirees. A two-hour flight from Miami, The D.R.’s airports have been upgraded, and highways and roads have also been improved. The tropical climate, beaches, water, sports and outdoor activities make it a pleasant place to live.
With proof of a minimum monthly income of about $1,500USD, retirees may stay in the country and enjoy various tax benefits. Since Medicare and Medicaid do not cover retirees living out of the U.S., private insurance is advised, so that treatment in private hospitals - generally of higher quality than public - can be accessed. Most expats live in the main cities of Santo Domingo and Santiago, with many in the popular tourist towns as well. Certain areas are not considered safe based on crime rates, so it is advisable to check the latest information.