Cost of living in Providenciales

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 MealA 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
  • MilkMilk 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.
  • InternetInternet 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
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