The average cost of a trip per person to St Lucia is $1,871, including rentals, transportation, and restaurants. Housing and insurance have to be considered as additional costs. Eating out, going grocery shopping, and purchasing real estate are all less expensive in comparison to the United States and the United Kingdom. Expats in St Lucia are usually retirees or investors, and the price of property in St Lucia is relatively inexpensive, especially compared to prices in Europe and North America. The cost of the Alien Landholding License in St. Lucia varies based on the size of the plot you wish to buy, and the cost can be anywhere from $5,000 to $50,000. There are some pretty silly restrictions on foreign ownership (you can review them on the St Lucian website} and so some foreigners become landed immigrants and others have a local Lucian own their house for them. 7 Steps On How To Buy A House In St Lucia, 5 Reason Americans Invest In St Lucia Real Estate, Top 6 Reasons For Buying St Lucia Real Estate In 2023. The island residents benefit from a lenient tax program and public programs. St Lucia local home = Starting from $200,000. It is not uncommon for power outages and water shortages to occur, so you should plan ahead of time. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. More Destinations. ft. As of July 2022, Saint Lucia had the highest cost of living in the world for expatriates, with an overall Cost of Living Index (COLI) for all 13 basket groups of 83.55 (New York = 100). The cost of living in St Lucia is lower than the cost of living in the UK. St. Lucia is a tropical island with a rich culture and history. The country has a GDP per capita of $8,790 in dollars, ranking 116th out of 190 countries. The St Lucia economy is heavily reliant on tourism and offshore banking. Outside of the resort, a round of drinks at a bar would be slightly more expensive another 10%-15% percent, on average, would be even more expensive. This guide provides detailed information on St Lucias cost of living. Gros Islet, Gros-Islet, 00000 St. Lucia. Naturally, a three-storied building will be costlier than the two-storied one. Invest a minimum of $300,000 in pre-approved high-end branded hotels and resorts or in a boutique property and get a St Lucia passport. Invest a minimum of $300,000 in pre-approved high-end branded hotels and resorts or in a boutique property and get a, Living in St Lucia Best cities For Relocating, ANTIGUA AND BARBUDA Citizenship by Investment, ST KITTS AND NEVIS Citizenship by Investment. The market. They cost less than the same groceries purchased in the United States. In total there are 36 health and wellness centers, three public hospitals, one private hospital, and one psychiatric hospital in St Lucia. Individuals who wish to become citizens must contribute at least $100,000 to the countrys National Economic Fund (NEF) or invest at least $300,000 in approved real estate projects on the island. This is the version of our website addressed to speakers of English in the United States. The countrys natural attractions are just as diverse. Of course, your actual costs will depend on your lifestyle and spending habits. You may want to consider public transit to get to your destinations or walk if it is feasible. The typical cost to build a house in Florida ranges between $240,000 and $350,000, or an average of $295,000. It is 1.12 times more expensive than the world average, according to the United Nations. The quantity and nature of exterior appearance, doors, and windows will affect this cost. It has some restrictions, such as a requirement for a work permit to work, but it is well worth the investment, in addition to its low tax rate, excellent healthcare system, and numerous luxury resorts. A beachfront property with colonial charm and a colonial feel. You may have to build roads or have utilities built. This is due to the importation fees, the need for the stores to make a profit, and the taxes related to the importation. Much of, Read More St. Lucia Birds (75 Common + 71 Uncommon)Continue. St Lucia also operates a Citizenship by Investment Program which offers qualified investors the opportunity to obtain full citizenship of St Lucia in exchange for a significant contribution to the nations finances, either through a financial contribution to a government fund or via investment in an approved real estate project. The people are friendly and welcoming, making this a great place to visit. plus the cost of the land. The primary advantages of living in St Lucia are its rich culture, stable currency, easy access to international cities, and beautiful natural scenery, as well as an easy lifestyle. Eating out will cost you a little money depending where you go, but look for street vendors or local eateries that offer good, local food at a lower price. Alternatively, you can rent a car, which is relatively affordable at an average of $55 per day. In the cosmopolitan and bustling cities of Castries and Rodney Bay, you can find a high concentration of restaurants with cuisine from France, Japan, China, and India. Discover the best places to retire in the Caribbean in the ultimate guide from 7th Heaven Properties. The answer is - it is highly dependent on the location where you build. US$920 / Month. It is important to note that the price of building a house in St Lucia varies majorly and is dependent on: The Average Rate per Sq Ft for building a house in St Lucia starts at EC$270.00 (USD$100.00). Renting a home can be extremely expensive, and living in it can be quite expensive. Nothing big, just one bedroom, kitchen, living room, bathroom. For several years, we considered building a house in (ta && ta.queueForLoad ? From the iconic twin peaks of the Pitons rising from the sea to golden sand beaches, lush rain forest-covered mountains and cascading waterfalls, St Lucia is blessed with dramatic scenery. This is the version of our website addressed to speakers of English in United Kingdom. However, in general, living in St. Lucia can be relatively affordable compared to other Caribbean islands. Thanks for both your responses. Saint Lucia is a fantastic place to vacation whether youre looking for a relaxing break from the city or a musical treat. The area around Pigeon Island National Park is especially appealing, with an intriguing history, particularly the occupation of a ruined fort by pirates, as well as lovely walks. All in all, this process will cost between $20,000 - $50,000, depending on size and floor plan, averaging around $35,000. The cost of land and construction materials also play a role in the overall cost of building a house in St. Lucia. In 2016, 20% of the population was living in poverty. Individuals who have lawfully resided in St Lucia for 7 years can apply for citizenship by naturalization. The Eastern Caribbean dollar is the local currency of St Lucia, but the US dollar is widely accepted. The average rate for building a home in St Lucia is EC$272.50 (USD$100.00) per square foot. Properties such as villas, resorts, apartments, condos, historical colonial homes are available for a wide range of prices. Cost of Living in Saint Lucia. Individuals who would like to remain in St Lucia longer than 6 weeks (or 3 months in the case of EU citizens) can apply to the Immigration Department for an extension. For example, basic groceries are around 50% cheaper in St Lucia, while utility costs are around 70% cheaper. Why is free healthcare not provided in St Lucia? This guide will give you a general idea about the factors that you need to consider when estimating the cost of a house. The price will vary depending on the stories of the building or house. The currency of St. Lucia is the Eastern Caribbean dollar (EC$), which is pegged to the US dollar. You will have two options for investment: Regardless of your choice, you will need to invest $300,000. Whatever your requirements, St Lucia Homes will be able to point you in the right direction, easing the . A single applicant requires $100,000, a couple requires $165,000, and a family requires $190,000. All rights reserved. A grocery bill for a typical household costs around $50 per week, and an apartments monthly rent averages $350. How long did it take to have your house built after you had the design you wanted? Residents of Rodney Bay have been named St Lucias most active, retired, and lifestyle-friendly community, and it doesnt surprise anyone that its the best place to call home. It is important to note that the price of building a house in St Lucia varies majorly and is dependent on: The Major Factors That Affects the Construction Cost. Its a paradise for travelers looking for a mountaintop retreat. If you live on the more expensive side of life, definitely plan on having more money available. Coins come in denominations of 1, 2, 5, 10, and 25 cents, as well as 1 and 2 dollars. In Saint Lucia, there are several other factors to consider, such as: If you want to add something extra to your home, you may have to pay more. Exterior finishing comprises outer walls, roofing and installing doors and windows. But if costs are almost the same I think better idea for me would be to build own one. Read more. St Lucia has two airports Hewanorra International Airport and George Charles Airport and its main seaport is Castries. When constructing a house in the country, materials will be hard to come by, so the cost will vary. According to the statistics, 20% of the residents of Saint Lucia are poor. Please enter your username or email address. COVID-19 update: See the added health and safety measures this property is taking. St Lucias expat community is considered one of the most friendly in the world. The average cost to build a house is $248,000, or $100 to $155 per square foot depending on your location, the size of the home, and if modern or custom designs are used. So all in all, eating out is very affordable. The islands spectacular natural beauty, high quality amenities, the marinas at Rodney Bay and Marigot Bay and a challenging 18-hole championship golf course at Cap Estate, have all helped to place St Lucia firmly on the overseas property investors radar. For architectural drawings, quotations and building services, contact RedFin Ltd, There are 4 types of homes that are typically built in St Lucia:-. Depending on the school, the cost of studying in St. Lucia varies. It is the most affordable country in the world when it comes to cost of living. St Lucia is internationally recognized for its delicious cuisines coming from all over the world. What is the Cost of Living Index? estimate in US and EC please and thank you.. From Canada, Air Canada operates direct flights from Montreal and Toronto to St Lucia. Average cost to build a house - chart Looking for financing to fund the purchase of property in the Caribbean? We also have on this page a list of all the cities available in Expatistan: List of all the cities available in Expatistan. A Citizenship by Investment Program introduced in 2016 which offers investors the opportunity to apply for full citizenship of St Lucia has helped to further stimulate investment in St Lucias real estate market and the economy in general in a similar way to programs in nearby St Kitts & Nevis and Antigua. As more people become aware of and accept the benefits of smart homes, they are becoming increasingly popular in St Lucia. The average St. Lucian tourist can spend around $42 per day on food. A small 1200 square foot home will cost about EC $150,000 or US $60,000. The second option is to invest in a boutique property. The construction of the proposed dwelling is done solely based on the working drawings provided by the client. There are approximately 80,000 French Creoles in St Lucia, but English is the official language. Some of the best places to live in St Lucia are Castries, Rodney Bay, Marigot Bay, and Soufriere. Around the Caribbean, First-Time St Lucia Home Buyers and Caribbean people are turning to non-traditional means of obtaining the home of their dreams. Members who are extremely knowledgeable about this destination and answer travellers questions frequently. Taking advantage of Saint Lucias rich history and culture by spending your US dollars in local businesses is a good way to ensure a smooth vacation. Off-season prices are much lower than peak season prices. Stonefield Villa Resort Soufriere is built on a former quarry and features an outdoor pool, a spa, and a gym. The average cost of accommodations per person per day in St. Lucia is $106. What do you dream of building? Lunch can cost anywhere from $5 to $15 and dinner at a nice restaurant can average $35. So while the overall cost of living in St Lucia is not that expensive, the actual purchase of property is relatively high. St Lucias healthcare system is pretty efficient. On average, students should plan to spend around $4,000-$10,000 per semester. If you live a modest lifestyle, you can expect to spend around $1,500 per month. According to the policy, visa procedures are made simple with a streamlined process. Here are a few interesting facts about the costs associated with St. Lucia healthcare: The cost of your groceries will depend on whether you are buying locally grown food or imported goods. The country is peaceful, and the people are friendly and welcoming. Apples cost USD$7.54, oranges cost USD$2.98, one L full cream milk cost USD$3.44, and 1.5 L water costs $1.86 per kilogram in a major international retail store, according to the US Department of Agriculture. Saint Lucia is well known for its financial and tourism ties to the Caribbean. Newcomer 7 Sunlover: Do you have photos of your house that you wouldn't mind sharing? A contractor is nominated by the client and a contractual agreement is made between the two parties with both having legal representation. Professionals like Architect, interior designer typically charges in area per square feet or may take a certain percentage of the overall cost of the construction project. Many of the islands delectable cuisines come from around the world, making it an internationally recognized destination. Interior finishing can include drywall, insulation, painting, interior trim, appliances, lighting, and flooring. USD$245,203.00 4 Bed Fixer-Upper Cas-En-Bas Cas en Bas Beach, Gros Islet, Saint Lucia 4 3 2211 Sq Ft Fixer Upper, Houses, St Lucia Homes For Sale, Villas & Condos Details Micha Landers 3 weeks ago Featured Cheap For Sale USD$250,000.00 Gatepark Condominium Saint Lucia 2 2 1200 Sq Ft Houses, St Lucia Homes For Sale, Villas & Condos Details Below are some of the property prices you can find on the market: Foreigners wishing to buy property in St Lucia need to apply for the Alien Landholding License.