Here is a full guide to the cost of living in Grenada:
Housing
Though the rates for rentals in Grenada are higher than the ones on other Caribbean islands, they are still considered quite affordable. You can rent a one-bedroom apartment for $400-$600 per month. Or the size of a house for $800-$1,200 per month on this side of town. Coastal areas will be more expensive and also extravagant villas. It is cheap to purchase property in Grenada fairly. The housing market offers you the basic type of homes and condos starting from around $150,000. Home 500,000+ on the private beach.
Food
Bread, eggs and fresh fruits/vegetables are often similar in price to the ones in the United States or slightly more. On the other hand, I find that imported packaged goods are often a bit costlier. All in all, Grenada offers a wide variety of options for people to eat out and have street food, which is cheap. The places where you can grab a filling meal for $5-10 downtown and on regular streets are the small restaurants and street food vendors.
At restaurants with better ratings than those in tourist areas, there is a big possibility that the main dishes will cost between $15 and $30.
Transportation
People here use public transport (like buses and shared taxis) as their daily transport and it will never set them back more than a dollar or two.
Parties go to take care of the cost of hiring taxis just for your party fairly. Some short-distance cabs will cost $10-15 and airport transfers are around $30.
Different fuel types are sold differently. Gasoline costs about $5 per litre on average.
Utilities
Electricity is pricey Gnrada Expect a medium-sized bill of $150-300 per month if you plan to use the air conditioner heavily. The cost of water and garbage collection is close to zero, which makes up to around $20-30 total per month.
There are internet packages available having speeds up to 50Mbps, and these cost around $30/month.
Taxes
Within the nation, the VAT charged is 15% and the tax is applied on purchases such as hotel rooms along with other services.
Non-citizens/Non-residents of Grenada enjoy the privilege of zero capital gains, inheritance and income taxes.
Therefore, in Caribbean terms, this nation would be a low-cost place for living principally for the housing, food and utilities segment. Everything from medical, utilities, net connection and the items that I don’t grow; are pricey.
Healthcare
This nation has both public and private hospitals, clinics, and other healthcare facilities. Public medical services are accessible at government emergency clinics and facilities, yet the nature of care might shift. Confidential medical care offices might offer better administrations at a greater expense. It’s fitting to have health care coverage to cover clinical costs.
Education
Grenadian education is provided by the public and private sectors. The success of public education lies in the fact that it is free, while private schools may require tuition fees. Education costs can differ from school to school or even between different levels of education
Entertainment and leisure
The price of entertainment and entertainment in this nation can fluctuate on one’s preferences. Through activities like snorkelling/diving/hiking/cultural site exploration, natural outdoor opportunities are available. Expenses for these activities differ if you decide to hire a tour guide or investigate by yourself.
Taxes and fees
It is wise, before your arrival, to take into account any type of taxes and service fees implied by the country, like property taxes, residency fees, and import duties if you bring any goods from abroad.
You may also find these articles helpful