This Caribbean Island Is One of the Most Affordable Places to Retire-and It Has Scenic Beaches and a Relaxed Lifestyle

"Life can be an island vacation, even after you retire. Those seeking Caribbean warmth and a laid-back island lifestyle without breaking the bank can find it on Mexico's Isla Mujeres, just eight miles off the coast of buzzy Cancún. According to a recent report by International Living, the tiny island of 13,200 people is one of the top five most affordable Caribbean islands to live on. Isla Mujeres ranked third after Roatán, Honduras, which came in second, and Ambergris Caye, Belize, at No. 1."

"International Living estimated that a couple can live "a very nice life" on Isla Mujeres for $2,500 to $3,000 a month, including rent. The publication reports that essentials like groceries can cost $300 per month, while your electricity bill will run about $175 per month. Additionally, residents don't need to buy a car, as hop-on, hop-off buses are widely available and cost just over a dollar per ride."

"While island living can mean limited or pricey housing, it's still within reason to find a one-bedroom, two-bathroom apartment starting at $230,000, or one-bedroom rentals as low as $700-$1,000. Retirees with heftier savings have plenty of homes to choose from upwards of a million dollars, or have the option to build a custom home for around $700,000, International Living reported."

Isla Mujeres lies eight miles off the coast of Cancún and has a population of about 13,200. The island offers white sand beaches, turquoise waters, Maya cultural roots, and world-class diving, snorkeling, swimming, and fishing. The island ranks among the most affordable Caribbean islands to live on, with couples able to live on about $2,500 to $3,000 per month including rent. Typical monthly essentials include groceries around $300 and electricity about $175. Public hop-on, hop-off buses make cars unnecessary and rides cost just over a dollar. Housing options span one-bedroom rentals of $700–$1,000 to apartments starting near $230,000, with custom homes and luxury properties reaching into the millions.

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