Waking up to Caribbean breezes and white sand beaches is a tropic-lover's dream. Living that dream can be a reality with a lower cost than you might think.
Panamanian laws allow expatriates 20 years of import-fee exemption. Currency in Panama is equivalent to the U.S. dollar, preventing exchange risks.
Cuba has socialized medicine and housing, which substantially cuts the cost of living. Wages are very low compared to most U.S. cities, but basic utility and food costs are affordable.
Real estate prices run 20 to 60 percent lower than in the United States. Medical costs and property taxes are comparably lower than most U.S. cities.
The cost of living in Costa Rica is approximately one-third that of the U.S. equivalent. The only exceptions to this rule are automobile and gasoline prices.
Hurricane season affects the majority of Caribbean islands. The rainy season begins in May, and does not end until the middle of December.