Providenciales, a beautiful island in the Turks and Caicos Islands, is known for its stunning beaches and vibrant culture. Understanding the cost of living here is crucial for anyone considering a move or extended stay.

This guide provides a detailed breakdown of expenses, including housing, dining, groceries, and more, to help you plan your budget effectively.

Cost of Living Summary

Dining and Restaurants

  • Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $80.
  • Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $120, with prices ranging from $120 to $180.
  • Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a fixed price of $10.
  • Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $5, imported beer $5 to $6.5, cappuccino $5 to $6, and Coke/Pepsi $3.

Grocery Prices

  • Milk - Milk is priced between $3 and $6.75 per liter, averaging $4.53.
  • Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs around $4.
  • Eggs (Dozen) - A dozen eggs are priced at approximately $4.
  • Local Cheese (1kg) - Local cheese costs about $26.46 per kg.
  • Water (1.5 liter bottle) - A 1.5 liter bottle of water ranges from $1 to $3.5, averaging $2.25.

Transportation

  • Fuel (Gasoline) - Gasoline is priced between $1.72 and $2.87 per liter, averaging $2.17.

Housing Costs

  • 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1200 to $1800, averaging $1500.
  • 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $800 to $1600, averaging $1250.
  • 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3500 to $4000, averaging $3750.
  • 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2500 to $4000, averaging $3250.

Utilities

  • Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost a fixed price of $400.
  • Internet - Internet services range from $100 to $150, with an average cost of $125.

Cost of Living Data

The following pricing data has been gathered from 13 user contributions, as of the most recent update in October, 2024.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$20.00
Meal for 2 People, Mid-range Restaurant, Three-course
$120.00
McMeal at McDonalds (or Equivalent Combo Meal)
$10.00
Domestic Beer (0.5 liter draught)
$4.00
Imported Beer (0.33 liter bottle)
$5.75
Coke/Pepsi (0.33 liter bottle)
$3.00
Water (0.33 liter bottle)
$2.00
Cappuccino (regular)
$5.50
Markets
Avg / Range
Milk (regular), (1 liter)
$4.53
Loaf of Fresh White Bread (500g)
$4.00
Eggs (regular) (12)
$4.00
Local Cheese (1kg)
$26.46
Water (1.5 liter bottle)
$2.25
Bottle of Wine (Mid-Range)
$20.00
Cigarettes 20 Pack (Marlboro)
$7.00
Chicken Fillets (1kg)
$15.00
Lettuce (1 head)
$8.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$17.61
Transportation
Avg / Range
Gasoline (1 liter)
$2.17
Rent Per Month
Avg / Range
Apartment (1 bedroom) in City Centre
$1,500.00
Apartment (1 bedroom) Outside of Centre
$1,250.00
Apartment (3 bedrooms) in City Centre
$3,750.00
Apartment (3 bedrooms) Outside of Centre
$3,250.00
Utilities (Monthly)
Avg / Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$400.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$125.00
Sports And Leisure
Avg / Range
Fitness Club, Monthly Fee for 1 Adult
$100.00
Clothing And Shoes
Avg / Range
1 Pair of Jeans (Levis 501 Or Similar)
$80.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$60.00
1 Pair of Nike Running Shoes (Mid-Range)
$150.00
1 Pair of Men Leather Business Shoes
$100.00
Buy Apartment Price
Avg / Range
Price per Square Meter to Buy Apartment Outside of Centre
$2,163.55
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$2,375.00
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
7%
Childcare
Avg / Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$500.00
International Primary School, Yearly for 1 Child
$13,000.00
Providenciales Cost of Living

"Key Takeaways"

Providenciales offers a diverse range of dining options, from affordable casual meals to more expensive fine dining experiences.

Grocery prices can be relatively high, with essentials like milk and bread costing more than in many other regions.

Housing costs vary significantly depending on location, with city centre apartments being more expensive.

Utilities and internet services are a notable expense, with fixed costs for basic utilities and variable internet prices.

Conclusion

The cost of living in Providenciales is influenced by its island location, which affects the prices of goods and services.

While some expenses like dining and groceries can be high, there are opportunities to find more affordable housing options outside the city centre.

Understanding these costs is essential for budgeting effectively and enjoying all that Providenciales has to offer.