1 Year After Living In Dominican Republic | True Cost Of Living

What has been my true cost of living, now that I have been in the Dominican Republic for an entire year? I think when you first move somewhere, you have certain ideas and ways you think things are going to work out. But then once you actually have been there for enough time, you learn the true of cost of living somewhere.

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1. Baseline Budget ( this is my Paper Budget )
– If things got really tough, I could follow this

I have 4 main expenses Just like the average person
– Shelter: this 2bed 1 bath apartment is about $160 per month, my rent actually went down, because the power of the US dollar went up ( it used to be nearly 170 )
– Utilities: I don’t pay for Light, I don’t Pay water, but I do pay my internet bill and phone bill ( that’s about $55 for internet and $30 for two internet plans ) = $85
– Groceries: $200 per month ( but I spend a lot more like $500 I would say, eating out and stuff like that )
– Transportation: $250 on gas ( gas is like 300 pesos per gallon that’s like 5.35 a gallon ) It is like 65% cheaper in the US )

The sum of all these Costs:
– It’s about $995 dollar when I spend a lot of money
– And when it is time to cut back I bring it down all the way to $695 dollars

However, keep in mind:
– I’m not married and I live alone
– I don’t live in an expensive part of the island, the rent should tell you that
– And I’m not interested in overspending

2. Things that I like
– The Hired Help here is not that expensive and you
– I have some on come and clean and do my laundry
– I also have someone who meal preps for me once a week

The total cost of this is about:
– $40 for the cleaning and
– $90 bucks for the meal prep

Do you know how much that would cost me in the US

3. Things that I don’t like
– At least where I live, everything is so far away
– Prices on US brands for food are super expensive
– People drive crazy here, and you have to adapt
– Going out at night for a walk isn’t safe ( in my small neighborhood it kinda is but not in the capital )
– You have to learn to negotiate, because everyone is always trying to get you
– If you want to buy stuff from Amazon, you will pay more because of shipping stuff
– Massive Poverty difference, some people literally don’t eat, if you are poor in the US you can’t buy stuff but at least you can eat
– Getting paid for accidents and car insurance can be a hassle

4. Things that I haven’t done but should do

– Get health insurance
– Pay my taxes, which comes early next year

5. Overall what I have learned
– This is Home, and it’s not perfect and I have experience living in many places and I can tell you
– No place is perfect
– But for now, it’s solid

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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