Cost of Living in Grenada 2026 — Rent, Food, Tax & BudgetAll figures are shown in EUR for comparability. The local currency of Grenada is the Eastern Caribbean dollar (XCD).
Monthly Living Costs in Grenada
Average prices from our cost dataset, re-checked on a rolling basis:
1BR Rent
per month, city average
3BR Rent
per month, city average
Groceries
per month, single person
Transport
per month, public transit pass
Utilities
per month, basic apartment
Meal Out
typical price per meal
Monthly budget (single person): €1,380 (1-bedroom rent + groceries + transport + utilities)
Monthly budget (couple): €1,725 (shared 1-bedroom rent, two of everything else)
These are national averages — actual costs vary by city and lifestyle.
How Expensive Is Grenada Overall?
| Indicator | Value |
|---|---|
| Cost-of-living index (market data; higher = more expensive) | 63.1 |
| Rent index | 15.8 |
| Groceries index | 68.9 |
| Restaurant price index | 53.5 |
| Local purchasing-power index (higher = stronger) | 34.6 |
| Price level index (World Bank, 2024; US = 100) | 58 |
Salaries by Sector
Typical gross annual salaries in Grenada from our sector dataset:
| Sector | Typical gross annual (EUR) |
|---|---|
| IT & Software | €28,000 |
| Engineering | €25,000 |
| Finance | €21,000 |
| Healthcare | €18,500 |
| Construction | €16,500 |
| Education | €15,000 |
| Hospitality | €11,000 |
| Retail | €10,500 |
Taxes in Grenada
Headline tax figures that shape your take-home pay:
| Tax | Rate / amount |
|---|---|
| Effective income tax at €90k gross | 9.9% |
| Net monthly pay at €90k gross | €6,008 |
| VAT / sales tax | 15% |
| Top personal income-tax rate | 40% |
Worked example: on a €90,000 gross salary, net pay is about €6,008 per month. After rent and essentials (€1,380), roughly €4,628 per month is left for savings and discretionary spending.
How Grenada Compares to Its Neighbours
| Country | 1BR Rent | Groceries | Transport | Cost index |
|---|---|---|---|---|
| Grenada | €850 | €280 | €65 | 63.1 |
| Haiti | €550 | €95 | €35 | 102.2 |
| Dominican Republic | €655 | €280 | €17 | 40.5 |
| Cuba | €450 | €150 | €25 | 34.2 |
Quality of Life Metrics
Beyond cost, these factors shape everyday life in Grenada:
Safety index
Healthcare index
Internet speed
English proficiency
Life expectancy
Expat satisfaction
What It Costs to Get In: Visas & Residence
We track 7 residence and visa routes for Grenada — see the full Grenada visa programme list.
Lowest documented income requirement among tracked routes: €100 per month — Work Permit (work route). Requirements change; always confirm on the official page before applying.
Our engine estimates a minimum financial viability of €1,380 per month to sustain a move to Grenada.
Frequently Asked Questions
Is Grenada expensive?
Grenada has a cost-of-living index of 63.1 (higher = more expensive). A 1-bedroom apartment averages €850 per month and a single person spends about €1,380 per month on rent plus essentials.
How much money do I need per month in Grenada?
About €1,380 per month covers rent and essentials for a single person (1-bedroom rent + groceries + transport + utilities). A couple sharing a 1-bedroom apartment needs about €1,725 per month.
What is the average rent in Grenada?
A 1-bedroom apartment averages €850 per month and a 3-bedroom apartment averages €1,450 per month in Grenada. Prices vary significantly between city centres and smaller towns.
What do people earn in Grenada?
Typical gross annual salaries in Grenada range from €10,500 (Retail) to €28,000 (IT & Software), based on our sector dataset.
Which residence route has the lowest income requirement for Grenada?
Among the 7 Grenada residence routes we track, the lowest documented income requirement is €100 per month (Work Permit). Requirements change; always confirm on the official page before applying.
Ready for the next step? See the full Grenada country profile and the Grenada emigration guide.
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