No matter if you are in search of a better place to live as an employee or as a retired person, doing this abroad is on the minds of many a potential newcomers.
All the places in the world have become available and moving abroad is easier than ever before.
This huge step requires careful thinking, planning and research, before the actual decision.
On the map of possible places of relocation may appear Port of Spain, the capital city of Trinidad and Tobago.
The Caribbean region is full of tourists and that has a huge impact on the restaurant prices in Port of Spain.
The least expensive restaurants offer meals at the price of $6 per person, which is considered expensive when compared to other cities in Trinidad and Tobago.
Better way of saving some money on food is definitely avoiding eating out on a daily basis.
Purchasing groceries and preparing meals at home is a more affordable option, as food stuff is pretty expensive here and they would take almost 40% of the monthly income.
Unlike food, transportation expenses here are not huge.
Actually, using the public transportation system is affordable and the prices are reasonable, not exceeding $23 for a monthly pass.
The other means of commuting is driving, which is not suggested to newcomers.
The basic services, like electricity, water and garbage are not expensive here, and even though the amount paid for them depends on the actual spendings, they are very affordable.
On the other hand, the Internet access is quite expensive, reaching the price of all the other services together.
SPORTS & LEISURE
Being a tropical city, Port of Spain witnesses excellent weather conditions for outdoor activities which affect the prices of fitness clubs and gyms.
The monthly fee for fitness centers is not too high, but still it is more affordable doing exercises outside than paying $50 every month.
Cinema lovers would pay around $7 for the latest cinema release.
CLOTHING & SHOES
This is not a place where people who love shopping would be satisfied with the prices of clothing items, especially designer apparel.
Actually, they are not too high, but due to the impact of tourists, they are slightly higher than in the rest of the country.
RENT PER MONTH
The capital of the country is also the largest city and finding an ideal accommodation would not be difficult here.
However, you will have to earn quite an amount of money to be able to afford it.
Smaller apartments are around $500, while for the larger one you will have to devote more than $1200.
Cost of Living Averages Table for Port of Spain
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$5.91|
|Domestic Beer (0.5 Liter)||$1.77|
|Water (0.33 Liter)||$0.79||Average Market Prices|
|Milk (1 Liter)||$7.43|
|Loaf Bread (500g)||$1.55|
|Eggs (12)||$3.36||Average Transport Prices|
|One Way Ticket||$1.03|
|Gasoline||$2.32||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$53.52|
|1 min. of Prepaid Mobile Tariff Local||$0.17|
|Internet (Unlimited Data, Cable/ADSL)||$41.45||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$48.05|
|Tennis Court Rent (1 Hour)||$9.89|
|Cinema, 1 Seat, International Release||$7.38||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$60.46|
|1 Summer Dress in a Chain Store (Zara, etc...)||$45.92|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$89.45||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$577.53|
|Apartment (1 bedroom) Outside of Center||$403.84|
|Apartment (3 bedrooms) in City Center||$1126.99|
How Does the Average Person Spend Their Money in Port of Spain?
People moving here must take into account all the possible spendings and expenses that might arise, and act accordingly.
Planning your budget in advance is crucial as it will make your life easier and this is possible if you get acquainted with the spending habits of the residents of Port of Spain.
As in the majority of places, food is the greatest expense, with the rent in the second place.
All the other expenses make up the last third of the budget, with clothing as the least important one.
Port of Spain: Average Salary, Minimum Wage & Mortgages
This area is one of the most sought-after destinations for relocation, but people should take a look at all the factors that might affect their living conditions there.
The first thing to be taken into consideration is the monthly salary, which is neither to low, nor too high here.
For those thinking of moving to Trinidad and Tobago accommodation will take pretty much money, so earning less than the average would not be enough for a decent living, while the minimum income is quite unreasonable.
Cost of Living by City in Trinidad And Tobago
*Click the name of the city for more information.
|City||Cost of Living Index|
|Port of Spain||59.6|