Living in the Dominican Republic: My Budget and Lifestyle

TLDRIn this video, I share my budget and lifestyle living in the Dominican Republic. From rent and utilities to food and transportation, I cover all the expenses. I also discuss the pros and cons of living in the DR.

Key insights

💰Rent is affordable in the Dominican Republic, with the exchange rate benefiting those with US dollars.

🍽️Food can be expensive if you eat out, with an additional 18% tax on dining in restaurants.

🚗Gas prices in the Dominican Republic are significantly higher than in the US.

💸Negotiation is common in the Dominican Republic, as fixed prices are rare.

😬Safety can be a concern in some areas of the Dominican Republic, especially at night.

Q&A

How much does it cost to rent an apartment in the Dominican Republic?

Renting an apartment in the Dominican Republic is affordable, with an average cost of $160 per month or 9,000 pesos.

Is the cost of living higher in the Dominican Republic?

The cost of living in the Dominican Republic is generally lower compared to the US. However, some items, such as imported goods, can be more expensive.

Are utilities expensive in the Dominican Republic?

Utilities, such as electricity and water, are often included in the cost of rent. However, other expenses like internet and phone bills can vary.

Is it safe to walk out at night in the Dominican Republic?

While safety can vary depending on the area, it is generally recommended to be cautious when walking out at night, especially in certain neighborhoods.

Are prices negotiable in the Dominican Republic?

Yes, negotiation is common in the Dominican Republic, particularly when it comes to prices of goods and services.

Timestamped Summary

00:00The video begins with the creator stating that they have been living in the Dominican Republic for about a year.

02:28The creator explains that their rent has decreased over time due to the exchange rate between US dollars and Dominican pesos.

04:16The creator discusses their expenses, including food, transportation, and utilities.

06:33The creator mentions the importance of negotiation in the Dominican Republic, as prices are often not fixed.

09:57Safety concerns are addressed, with the creator highlighting the need to be cautious when walking out at night.