Cost of living and prices in Grenada, prices of food, rent, shopping, etc 🇬🇩 Updated Jul 2023

Grenada is a small island nation in the Caribbean, covering an area of 344 square kilometers and with a population of 107,818 people. This gives it a relatively high population density of 313.42 people per square kilometer. The official language of the country is English, making it an easy place for English-speaking visitors to communicate.

Despite its small size, Grenada has a relatively strong economy with a gross domestic product (GDP) of $811,000,000 and a GDP per capita of $7,522. The currency used in Grenada is the East Caribbean dollar, which is pegged to the US dollar at a fixed rate. Its top-level domain is .gd.

If you're planning a trip to Grenada or considering moving there, it's important to understand the cost of living compared to other countries in the region. Grenada is relatively affordable compared to many other Caribbean nations, but prices for goods and services can still vary based on factors such as location and availability.

Local produce can be a great way to save money on groceries, and renting a car or scooter can be a cost-effective way to get around the island. Overall, Grenada offers a unique blend of natural beauty, cultural richness, and affordability that makes it an attractive destination for visitors and residents alike.

Cost of Living Estimate in Grenada

Total cost of living in Grenada for two person with average consumption for one month will be 1291.51 USD, no rent price included. Click here to calculate cost-of-living estimate in Grenada

You can calculate cost of living in Grenada by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

One of the best things about visiting Grenada is the opportunity to taste its rich and unique cuisine. The island is famous for its seafood, which can be found in abundance in most restaurants. From succulent lobsters to fresh yellowfin tuna, there's no shortage of options for seafood lovers. In addition to seafood, there are also plenty of places to sample local dishes, such as callaloo soup, breadfruit chips, and Grenadian-style curry. No matter your taste, you'll find something delicious to try in Grenada.

If you're looking for a truly Grenadian dining experience, consider visiting one of the island's local food markets. Here, you'll find a variety of street food vendors selling everything from freshly grilled fish to spicy roti. These markets are a great place to sample the flavors of the island and mingle with locals. For an even more immersive experience, consider booking a cooking class with a local chef. This way, you can learn how to make some of Grenada's most iconic dishes and take the flavors of your trip home with you.

Meal in Inexpensive Restaurant
6.44 $
Meal for 2 People, Mid-range Restaurant, Three-course
22.09 $
McMeal at McDonalds or Alternative Combo Meal
7.36 $
Domestic Beer, 0.5 liter Draught
1.84 $
Imported Beer, 0.33 liter Bottle
2.58 $
3.19 $
Coca-Cola, 0.33 liter Bottle
1.60 $

Markets prices

Grenada's market prices are reflective of its agricultural economy, with a diverse range of items both locally and internationally grown. When visiting local markets, expect to find a range of fresh fruits and vegetables that are in season, as well as spices and herbs that the island is known for. While prices may fluctuate based on supply and demand, the overall cost of living in Grenada is affordable compared to other Caribbean islands, and visitors can expect to find quality produce and goods at reasonable prices.

In addition to local markets, Grenada also has various supermarkets and shopping centers that offer a wider range of imported goods. These stores offer competitive prices for items such as canned or packaged food, household items, and toiletries. While these prices may differ from those found in local markets, they provide an option for visitors to find products that they are familiar with and prefer. Overall, no matter where visitors choose to shop in Grenada, they can expect to find high-quality goods and an authentic Caribbean experience.

Water, 0.33 liter Bottle
0.93 $
Milk, Regular,1 liter
1.63 $
Loaf of Fresh White Bread, 0.5 kg
1.38 $
White Rice, 1 kg
1.21 $
Eggs, 12 pack
3.57 $
Local Cheese, 1 kg
8.93 $
Chicken Breasts, Boneless and Skinless, 1 kg
9.66 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
16.78 $
Apples, 1 kg
11.61 $
Banana, 1 kg
0.87 $
Oranges, 1 kg
1.53 $
Tomato, 1 kg
3.31 $
Potato, 1 kg
3.22 $
Onion, 1 kg
4.41 $
Lettuce, 1 head
2.77 $
Water, 1.5 liter Bottle
1.78 $
Bottle of Wine, Mid-Range Price
9.20 $
Domestic Beer, 0.5 liter Bottle
1.95 $
Imported Beer, 0.33 liter Bottle
1.75 $
Pack of Cigarettes
4.41 $

Transportation prices

Traveling in Grenada can be a very exciting and adventurous experience. There are various transportation options available for tourists, including taxis, public buses, and car rentals. Taxis are easy to find and are affordable for shorter journeys, but prices can quickly add up for longer trips. Public buses are a popular and cheap way to travel around the island, but they can be crowded and often take longer to go to more remote areas.

Car rentals are a great way to explore the island at your own pace. If you have an international driver's license, you can rent a car and drive around Grenada yourself. However, driving can be a bit challenging for first-time visitors as the roads are often narrow and winding. If you're not comfortable driving, you can also hire a driver for the day to take you around to the different attractions on the island. Whether you're looking for a quick ride to the beach or an adventure to the mountains, transportation options in Grenada won't disappoint.

One-way Ticket, Local Transport
1.29 $
Taxi Start, Normal Tariff
9.20 $
Taxi, price for 1 km, Normal Tariff
6.44 $
Gasoline, 1 liter
1.31 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
36,818.45 $
Honda Civic 1.6 Or Alternative New Car
31,909.32 $

Utilities Per Month prices

When traveling to Grenada, one important thing to keep in mind is the cost of utilities. As a small island nation, Grenada's utilities are primarily generated within the country, which means that prices can be higher than in other parts of the world. Electricity and water are the two primary utilities, and visitors should be aware that electricity is generated from fossil fuels, which can lead to higher costs. However, Grenada has been making strides to transition to renewable energy sources, such as wind and solar power, which could help to reduce the cost of utilities in the long term.

Another thing to consider when it comes to utilities in Grenada is the impact of tourism on the local infrastructure. As the island becomes increasingly popular with tourists, the demand for utilities like water and electricity is also increasing. This can put a strain on the local resources and lead to higher costs for both residents and visitors. To combat this, Grenada has been working to improve its infrastructure and ensure that it is able to provide reliable and sustainable utilities to both residents and visitors alike. Despite the challenges, Grenada remains a beautiful and welcoming destination, and visitors are sure to enjoy their time on the island regardless of the cost of utilities.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
82.54 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.26 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
38.66 $

Sports And Leisure prices

Grenada offers a variety of exciting sports and leisure activities for tourists. For those seeking adventure, there are options such as hiking in the rainforest, mountain biking, and kayaking. Scuba diving and snorkeling are popular pastimes for those exploring the vibrant coral reefs surrounding the island. Additionally, Grenada boasts world-class fishing opportunities for those hoping to catch a big one.

For a more relaxing day, Grenada's beautiful beaches offer the perfect setting for sunbathing and swimming in the crystal-clear waters. Visitors can also indulge in a spa day at one of the luxurious resorts on the island, or take a leisurely stroll through the botanical gardens. For those who enjoy nightlife, the island's bars and clubs offer a lively atmosphere with live music and performances.

Fitness Club, Monthly Fee for 1 Adult
44.17 $

Salaries And Financing prices

For those traveling to Grenada, it's important to understand the island's economy and how salaries and financing work. The local currency is the Eastern Caribbean dollar, which is pegged to the US dollar. Income levels in Grenada are generally lower than in North America and Western Europe, and the cost of living can be quite high. Budget travelers can still find affordable accommodations and activities, but it's important to plan ahead and be aware of local prices.

If you're looking to finance a trip to Grenada, there are a few options available. Many international banks and credit cards are accepted on the island, but it's always a good idea to have some local currency on hand as well. ATMs are available in urban areas but may be difficult to find in more rural locations. It's also worth noting that credit card fees and exchange rates can vary, so it's important to review your options before making purchases. Overall, if you plan ahead and budget accordingly, a trip to Grenada can be an affordable and enjoyable experience.

Cinema ticket, 1 Seat
9.20 $
Average Monthly Net Salary, After Tax
785.12 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
1.3 %

Childcare prices

Childcare prices in Grenada vary depending on the type of facility and the level of care provided. Schools in Grenada generally offer full-day programs that include academic instruction, extracurricular activities, and meals. Private schools tend to be more expensive than public schools, but they also offer more personalized attention and a wider range of services. Additionally, some schools also offer after-school care programs to accommodate working parents.

Kindergartens in Grenada are typically half-day programs that focus on developing socialization skills, early academic skills, and physical coordination. Many kindergartens are offered through churches or community organizations, and they tend to be more affordable than full-day schools. However, the quality of care and instruction can vary widely, so it is important to research the options carefully and choose a program that is best suited to your child's needs.

Private Preschool or Kindergarten, Monthly for 1 Child
128.87 $

Clothing And Shoes prices

When it comes to clothing and shoe prices in Grenada, you can expect a range of prices from budget-friendly to luxury brands. Many of the malls and department stores carry a variety of international and local clothing and shoe brands. Whether you’re looking for casual wear, formal attire, or athletic gear, you’ll find a great selection of styles and options. The prices may vary depending on the brand and style, but there’s something for everyone’s budget.

If you’re looking for more unique and locally-made clothing and shoes, head to the street markets or boutique shops in Grenada. You’ll find a variety of handcrafted items, made by local artisans from the island. From bright and colorful prints to eco-friendly clothing and shoes, these shops offer a special look that you won’t find in larger stores. While prices may be slightly higher due to the handmade nature of these items, they are well worth the investment for their quality and unique styles.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
67.50 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
36.81 $
Pair of Running Shoes, Mid-Range Price
112.90 $
Pair of Leather Business Shoes
100.64 $

Rent Per Month prices

If you're planning on visiting Grenada and need short-term accommodation, you'll find plenty of options to choose from. From cozy bed and breakfasts to luxurious vacation rentals, there's something for everyone. Grenada is known for its warm hospitality, which means you can expect exceptional service and attention to detail no matter where you stay.

Short-term rentals in Grenada can vary in price depending on the location, amenities, and time of year. However, you'll generally find that prices are reasonable compared to other popular Caribbean destinations. Whether you're looking for a budget-friendly option or want to splurge on a lavish stay, there are plenty of options to fit your needs. Many properties offer breathtaking views of the sparkling Caribbean Sea, lush gardens, or the island's picturesque landscape.

One bedroom apartment in city centre
398.87 $
One bedroom apartment outside of city centre
338.73 $
Three bedroom apartment in city centre
908.19 $
Three bedroom apartment outside of city centre
601.37 $

Buy Apartment prices

Grenada offers various buying options for those interested in real estate. From vibrant cities to tranquil beaches, there are properties available in every corner of the island. The most popular options include luxurious villas with stunning ocean views, spacious condos in gated communities, and charming colonial-style homes with lush gardens. Whether you're a first-time homebuyer or looking to invest in a vacation property, Grenada has plenty to offer.

When it comes to pricing, Grenada's real estate market is competitive but reasonable. The costs will depend on the location, size, and amenities of the property. While upscale properties can be more expensive, there are affordable options available too. Moreover, there are no restrictions on foreign property ownership, so both locals and expats can buy and do business there. Overall, the real estate prices in Grenada are reasonable, making it an excellent choice for those looking to invest in the Caribbean.

Price per m2 to Buy Apartment in City Center
1,288.64 $
Price per m2 to Buy Apartment Outside of City Center
1,288.64 $