As an indicative guide, a comfortable retirement in Grenada costs roughly £2,400/month for a couple — about £28,800/year (≈ EC$8,640/month). A modest budget is nearer £1,500; a premium one nearer £3,500.
Roughly where a comfortable £2,400/month goes:
Indicative estimates for a couple, general guidance only — real costs vary by location, lifestyle and exchange rates.
A lush, laid-back 'Spice Isle' in the southern Caribbean with warm seas, friendly English-speaking locals and no tax on foreign income, Grenada suits retirees wanting an unhurried tropical base.
Non-citizens can own property outright but usually need an Alien Landholding Licence, which adds a fee of around 10% of the property's value. Buying within a government-approved development can waive that requirement. Purchases are freehold with title registered in the buyer's name. As a general guide only — always confirm the current rules with a qualified local lawyer. Our free ownership checker and the Overseas Property Playbook walk through how ownership works step by step.
Grenada runs a Citizenship by Investment route via a government-fund donation or an approved real estate purchase (held for at least five years); ordinary long-stay residence permits are also available for those with sufficient income. Visa rules change often, so treat this as a starting point and verify the latest requirements before you plan.
The south-west is where most expats settle, around St George's, Grand Anse (the main beach and amenities) and Lance aux Epines (marinas and villas), close to the university and airport.
Public care centres on the General Hospital in St George's for basic needs, but expats use private clinics for day-to-day care and travel to Barbados, Trinidad or the US for anything major. Expect international health insurance of roughly USD 1,200 a year when younger, rising to USD 3,500-6,000 at older ages.
Grenada does not tax worldwide income and has no capital-gains, inheritance or wealth tax, so a foreign pension is generally not taxed for residents. It is a straightforward, low-tax base, but take advice on your home-country obligations.
Warm and tropical all year at about 26-31C, with a drier season from January to May and a wetter, more humid season from June to December, and a low but real hurricane risk in late summer. The dry season is loveliest. Very easy for British retirees, as English is the official language and driving is on the left as in the UK; Grenada is friendly, laid-back and generally safe with sensible everyday precautions.
A non-national buying outside an approved development needs an Alien Landholding Licence costing about 10% of the price, plus roughly 1% stamp duty and around 2% legal fees, while buying within a citizenship-approved project usually waives the licence; allow three to four months.
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