We found that the Bahamas and Virgin Islands cost of living to be the same as Hawaii. Excellent places to vacation, but expensive to live.

We found, Margarita Island - Really low cost of living. A beautiful island off the coast of Venezuela (South America) Suggested that you rent before you purchase. Property is extremely cheap, but increasing by the month, due to popularity. In early 2007 - it was said that $800. USD was sufficient for a medium income lifestyle.

We also found Dominica, a place well worth investigating. Price of ocean view parcels, extremely affordable. Another place of interest in the Caribbean was the island of Jamaica as well as Cayman Islands, Anguilla and Grenada. We found that crime was a concern and should be included in your research.