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BVI Cost Of Living with a Family

AskBVI Cost Of Living with a Family

Hi there,

I’ve been offered a position with a BVI law firm (and will be lucky enough to be earning a good basic salary) and will therefore potentially be relocating from the UK with my wife and baby boy.

On the face of it it’s a no brainer- great oudoor lifestyle for the family (our number one factor in moving), good job and (much) lower tax, but I’d be really interested to hear whether the higher cost of living in the BVI (including the need for a 3 rather than 2 bed rental)actually outstrips the benefits of a low tax salary?

Do you honestly think it’s as good a financial move as it initially seems,or should I be more realistic about costs of living?

As I say above, the number one factor for the move is actually lifestyle, but I’d just be interested to get an honest appraisal of how much cash will be eaten up by higher groceries, power bills etc!

I’d also be extremely grateful for any tips on areas to live with a family.

Thanks in advance for any help!

Anonymous replied 4 years ago

Good Morning,

As a fellow Brit, who has been living in the BVI for over 5 years, i can provide some information.

Firstly, if you move – it’ll be the best thing you ever did. You will save money in the long run – no doubt about it. You pay very little tax and social security (national insurance) is 4% from employee and 4.5% from employer per month. Your health care will no doubt be paid for by your company and the health care, i find, to be absolutely fine. Plus most peoples health care cover them for the US and Puerto Rico also.

You should be aware that if your wife is not working, then you will need to pay a dependant fee for both her and your son to reside with you in the BVI. Once your work permit is approved, Immigration will tell you what the fee is and it’s paid when you go to get your work permit on arrival in the BVI. The cost usually differs. For instance i had to pay $1700 for my spouse and $500 for my son. This is a one off payment and get’s returned when you leave the BVI or if your wife decides to work. Although your work may pay this fee for you.

The outdoor life in the BVI is great – there is alot to do – especially with young kids. There is a large expat community, who all have kids that range from newborn to high school age. There is a ton of activities, playgroups, social events – so there’s never any sitting around the house with nothing to do.

The cost of living in the BVI depends on what kind of lifestyle you want to live. Here are a few links to rental properties in the BVI where you can take a look to find what type of property you’d like to live in. It will also give you a rough idea of rental prices.

http://www.realestatebvi.net/rental-properties
http://www.trudebvi.com/filter.php
http://www.propertybvi.com/PropBVI/pages/gallery.xhtml?faces-redirect=true&includeViewParams=true&so=price&sd=asc&p=1&f=n&cps=SEARCH&s=&pf=&pt=&t=ltr

The cost of electricity can be rather high, but it really depends on how energy efficient you are. If your not running the a/c excessively and have energy efficient light bulbs, then your probably looking at around $150-200/month – depending on size of apartment/house you are renting. If your looking to run air con – then you will have a high electric bill.

The cost of gas is super cheap, ~$85 for a 100lb cylinder which will last you a fare few months or more – depending on how much you cook/bake.

The cost to eat and drink out is relatively cheap also. Looking at a few dollars/beer for instance.

Grocery shopping is rather expensive, but you do get used to that and you do get some bargains at the grocery store or wholesale. Our local supermarket also ships items from the UK, such as Waitrose items. There is also a store called Best of British, which, going by the name, obviously sells nothing but British foods and drinks. It’s a great little treasure to have on island. I think most families will spend around $700 minimum per month on groceries. Again, this will vary depending on what products your buying and whether it’s frozen meals, meats, alcohol etc…

Hope this answers your questions.

Brit Expat replied 4 years ago

Social Security (national insurance) is 4% from employee & 4.5% from employer per month.

Tax is minimal and varies on income

Gas is ~85/100lb gas cylinder. This will last you a good few months – depending on how much you cook/bake.

Grocery shopping, for a family, will cost you around $750minimum / month. This depends on what products you buy. There are some great bargains at the wholesale and you do get some bargains at the local grocery store. There is also a lovely little treasure called Best of British, which sells nothing but British food & drink products.

Most areas on island are fine. Most people live high up on the mountains – to get that breeze.

Electricity will vary, depending on how energy efficient you are. If you are not running the a/c then you’ll be looking at ~$120-150/month. If your running the a/c – then expect to pay more.

1 Answers
newbiex answered 7 months ago
Anonymous replied 4 years ago

Good Morning,

As a fellow Brit, who has been living in the BVI for over 5 years, i can provide some information.

Firstly, if you move – it’ll be the best thing you ever did. You will save money in the long run – no doubt about it. You pay very little tax and social security (national insurance) is 4% from employee and 4.5% from employer per month. Your health care will no doubt be paid for by your company and the health care, i find, to be absolutely fine. Plus most peoples health care cover them for the US and Puerto Rico also.

You should be aware that if your wife is not working, then you will need to pay a dependant fee for both her and your son to reside with you in the BVI. Once your work permit is approved, Immigration will tell you what the fee is and it’s paid when you go to get your work permit on arrival in the BVI. The cost usually differs. For instance i had to pay $1700 for my spouse and $500 for my son. This is a one off payment and get’s returned when you leave the BVI or if your wife decides to work. Although your work may pay this fee for you.

The outdoor life in the BVI is great – there is alot to do – especially with young kids. There is a large expat community, who all have kids that range from newborn to high school age. There is a ton of activities, playgroups, social events – so there’s never any sitting around the house with nothing to do.

The cost of living in the BVI depends on what kind of lifestyle you want to live. Here are a few links to rental properties in the BVI where you can take a look to find what type of property you’d like to live in. It will also give you a rough idea of rental prices.

http://www.realestatebvi.net/rental-properties
http://www.trudebvi.com/filter.php
http://www.propertybvi.com/PropBVI/pages/gallery.xhtml?faces-redirect=true&includeViewParams=true&so=price&sd=asc&p=1&f=n&cps=SEARCH&s=&pf=&pt=&t=ltr

The cost of electricity can be rather high, but it really depends on how energy efficient you are. If your not running the a/c excessively and have energy efficient light bulbs, then your probably looking at around $150-200/month – depending on size of apartment/house you are renting. If your looking to run air con – then you will have a high electric bill.

The cost of gas is super cheap, ~$85 for a 100lb cylinder which will last you a fare few months or more – depending on how much you cook/bake.

The cost to eat and drink out is relatively cheap also. Looking at a few dollars/beer for instance.

Grocery shopping is rather expensive, but you do get used to that and you do get some bargains at the grocery store or wholesale. Our local supermarket also ships items from the UK, such as Waitrose items. There is also a store called Best of British, which, going by the name, obviously sells nothing but British foods and drinks. It’s a great little treasure to have on island. I think most families will spend around $700 minimum per month on groceries. Again, this will vary depending on what products your buying and whether it’s frozen meals, meats, alcohol etc…

Hope this answers your questions.

Brit Expat replied 4 years ago

Social Security (national insurance) is 4% from employee & 4.5% from employer per month.

Tax is minimal and varies on income

Gas is ~85/100lb gas cylinder. This will last you a good few months – depending on how much you cook/bake.

Grocery shopping, for a family, will cost you around $750minimum / month. This depends on what products you buy. There are some great bargains at the wholesale and you do get some bargains at the local grocery store. There is also a lovely little treasure called Best of British, which sells nothing but British food & drink products.

Most areas on island are fine. Most people live high up on the mountains – to get that breeze.

Electricity will vary, depending on how energy efficient you are. If you are not running the a/c then you’ll be looking at ~$120-150/month. If your running the a/c – then expect to pay more.

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