We all dream of living on a tropical island getaway, but few are able to afford it. Owning a home on one of these affordable caribbean islands may be more feasible than you think:

5) Corn Islands, Nicaragua

White sands, swaying palms, clear blue waters. What more could you ask for? Nicaragua also has a healthy reef for scuba diving, snorkeling, fishing, lobstering, and best of all friendly locals who speak english. Another perk of living here is the lack of tourism.

Big Corn the largest town in the Corn Islands, is a 4 square mile area with about 6,000 inhabitants and is just ten miles from little corn, one-fourth the size.

Even so, the Corn Islands aren’t for everyone. Many supplies must be shipped in and the restaurants serve mostly similar dishes. In little corn, there are no roads. Just a three foot sandy walkway. If you’re up for a new adventure with a cheap cost of living Nicaragua may be for you.

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4) Las Terrenas, Dominican Republic

Columbus knew he was onto something good when he first spotted the beautiful island in 1492. The Dominican Republic is home to great weather and world-class beaches, a low-cost of living, and a stable government.

If your looking for a low-key getaway with the conveniences of home, Las Terrenas offers excellent values with the combination of beautiful beaches, a small-town feel, chic style, and relatively affordable properties.

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3) Isla Mujeres, Mexico

This island is about eight miles from cancun, Mexico, but is a world away from the hustle and bustle f its more tourist-developed older sister. Isla Mujeres has some of the best beaches and water sports in the world. Clear blue waters are always close, and the cost of living is far lower than a similar lifestyle would cost back in the States. A couple can live a very nice life on Isla Mujeres for around $2,500 a month, including rent.

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2) Roatan, Honduras

An emerald escape in the western Caribbean, Roatan has changed from secret divers’ getaway to livable island haven. This 50 square mile island off the northern coast reef rich with sea life and garnished by white-sand beaches. Roatán is great for laidback living in the sun. If you like to dive, snorkel, swing in a hammock or sit with your feet in the sand, you’ll want to consider here.

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1) Ambergris Caye, Belize

This English speaking island is the largest one in Belize at 25 miles long and a mile wide. Power, water, cell phone coverage, and internet are  very reliable…and most necessities can be purchased for daily living on the island. The selection of quality restaurants and bars is constantly expanding. This island has the perfect combination of white sandy beaches, beautiful scenery, low-cost of living, and modern conveniences.

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