Retire in Dominican Republic; It's Costing More These Days to Retire/Live in the DR
Over the past three years, the Dominican Republic has experienced notable shifts in its cost of living, driven by rising rents, labor market dynamics, and inflation. From 2021 to 2024, rental prices have steadily increased, with annual growth rates between 2.7% and 3.8%. This upward trend is particularly evident in popular areas like Punta Cana, where beachfront apartments can command monthly rents exceeding $3,000. Conversely, more modest accommodations in local neighborhoods or smaller towns may be available for under $1,000 per month. ( Dominican Republic Rent Price Index / Monthly ) The labor market has also undergone significant changes, partly influenced by the Dominican Republic's reliance on Haitian workers, especially in sectors like agriculture, construction, and domestic services. Haitian migrants have historically provided affordable labor, but recent mass deportations—escalating to approximately 10,000 individuals per week since October 2024—have disrupted...