Retirement on a Caribbean island can cost as little as $24,000 a year

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If your idea of the ideal permanent getaway includes clear turquoise water and white sand beaches, consider these five Caribbean islands.

You can enjoy a relaxing retirement for just $36,000 a year – and that’s on the high end. A report from InternationalLiving.com says these five island locales are beautiful, accessible and, most of all, affordable on an income that’s in line with the average monthly Social Security check for a couple.

For an idea of prices for rent, restaurants, groceries and other daily items, try the calculators on Numbeo or Expatistan. Price data may not be available for some areas.

  • 1. Ambergris Caye, Belize

    No longer just a sleepy Caribbean hideaway, the largest island in Belize has a dynamic community. Ambergris Caye is the most popular spot for expats in Belize, according to Escape Artist, a resource for people looking to live abroad. The Belize Barrier Reef, half a mile from shore, draws fishermen and divers.

    Two domestic airlines – Tropic Air and Maya Island Air – have frequent flights to the island from Belize City, so getting to Ambergris is easy. You can also reach the island by water taxi.

    A three-course meal for two in a mid-range restaurant will set you back $55, according to Numbeo. On a monthly budget of $2,900, or $34,800 a year, a couple can enjoy a comfortable retirement in Ambergris Caye, including rent for a house or apartment. If you own a home, expats report it’s possible for a couple to live quite comfortably on less than $24,000 a year.

    Read full article on CNBC.com