Cost Of Living For a Student in Trinidad and Tobago 2025

Student cost of living chart - average monthly expenditure in Trinidad and Tobago

Average Monthly Expenditure

Currency: TTD
510 3,400 22,000
MINIMUM AVERAGE MAXIMUM
$75 $500 $3,300

Average monthly spending for students in Trinidad and Tobago

How much money does a student need in a month to survive in Trinidad and Tobago?

Students in Trinidad and Tobago spend around 3,400 TTD per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 510 TTD or as high as 22,000 TTD. Location is a very important factor and has a huge influence on expenditure and budget.

Distribution of monthly cost of living expenses of a student in Trinidad and Tobago

How do students spend their money in Trinidad and Tobago?

We asked thousands of students about their spending habits and expenditure break down.

Housing and accomodation expenditure for students

Accomodation Cost20%

20% of total expenses on average (15% to 26%)

LOW$18   120 TTD
AVERAGE$120   810 TTD
HIGH$790   5,400 TTD
Per Month

Students in Trinidad and Tobago typically spend from 15% to 26% of their total monthly expenditure on housing with 20% being the average. The average monthly spend on housing is 810 TTD with expenditure ranging from 120 TTD to 5,400 TTD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for students

Cost of utilities6%

6% of total expenses on average (4% to 10%)

LOW$3   20 TTD
AVERAGE$20   130 TTD
HIGH$130   900 TTD
Per Month

Utility expenditure like electricity, water, and gas in Trinidad and Tobago ranges from 4% to 10% of total expenses with 6% being the average for most students. The average monthly cost of utilities is 130 TTD with 20 TTD and 900 TTD being the upper and lower limits for a student of four.

Transport, fuel, and commute expenditure for students

Cost of transport and fuel5%

5% of total expenses on average (5% to 11%)

LOW$5.3   36 TTD
AVERAGE$35   240 TTD
HIGH$230   1,600 TTD
Per Month

Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 36 TTD to 1,600 TTD in a month on commuting with 240 TTD being the norm for most students. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 5% or as high as 11%.

Food, groceries, and basic shopping expenditure for students

Food and Groceries Cost22%

22% of total expenses on average (16% to 26%)

LOW$15   100 TTD
AVERAGE$99   670 TTD
HIGH$660   4,500 TTD
Per Month

The average outlay on groceries and basic houshold items for a typical student in a month in Trinidad and Tobago is 670 TTD. The cost of groceries can range between 100 TTD to 4,500 TTD. Students spend on average about 22% on food and groceries with upper and lower bounds of 16% and 26% respectively.

Healthcare and medical services expenditure for students

Cost of healthcare8%

8% of total expenses on average (5% to 11%)

LOW$4.5   31 TTD
AVERAGE$30   200 TTD
HIGH$200   1,300 TTD
Per Month

Students in Trinidad and Tobago allocate 5% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 8%. The range of medical expenses range from 31 TTD to 1,300 TTD with 200 TTD being the norm for most students.

Leisure and shopping expenditure for students

Cost of leisure and shopping3%

3% of total expenses on average (2% to 7%)

LOW$3.8   26 TTD
AVERAGE$25   170 TTD
HIGH$170   1,100 TTD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 26 TTD to 1,100 TTD with 170 TTD being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 3% for most students.

Education and schooling expenditure for students

Cost of education and schooling19%

19% of total expenses on average (12% to 24%)

LOW$14   97 TTD
AVERAGE$94   640 TTD
HIGH$630   4,300 TTD
Per Month

Spending on education can vary drastically between different students. On average, education constitutes 19% of the monthly expenditure of students with 12% and 24% being the lower and upper bounds respectively. The average reported education cost is 640 TTD per month with 97 TTD being the minimum spent amount and 4,300 TTD being the maximum.

Other Expenses17%

17% of total expenses on average (11% to 23%)

LOW$11   77 TTD
AVERAGE$74   500 TTD
HIGH$500   3,400 TTD
Per Month

Prices and cost of goods and services in Trinidad and Tobago

Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Trinidad and Tobago

Dining, food, and beverages costs


Fast food combo meal

6.8 TTD 14 TTD 23 TTD
MINIMUM AVERAGE MAXIMUM
$1 $2 $3.3

Restaurant meal for one

23 TTD 34 TTD 68 TTD
MINIMUM AVERAGE MAXIMUM
$3.3 $5 $10

Fine dining meal for one

45 TTD 68 TTD 270 TTD
MINIMUM AVERAGE MAXIMUM
$6.7 $10 $40

Cappuccino or latte

5.7 TTD 9.1 TTD 14 TTD
MINIMUM AVERAGE MAXIMUM
$0.84 $1.3 $2

Grocery and market costs


Milk large bottle

4.5 TTD 5.4 TTD 6.8 TTD
MINIMUM AVERAGE MAXIMUM
$0.67 $0.80 $1

12 eggs

3.4 TTD 4.5 TTD 6.8 TTD
MINIMUM AVERAGE MAXIMUM
$0.50 $0.67 $1

Fresh whole chicken

7.7 TTD 10 TTD 14 TTD
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.1

Pack of beef

9.1 TTD 14 TTD 27 TTD
MINIMUM AVERAGE MAXIMUM
$1.3 $2 $4

Medium bag of rice

3.7 TTD 5 TTD 7.1 TTD
MINIMUM AVERAGE MAXIMUM
$0.54 $0.74 $1

Bag of tomatos

1.4 TTD 1.8 TTD 3.4 TTD
MINIMUM AVERAGE MAXIMUM
$0.20 $0.27 $0.50

Bag of apples

2.4 TTD 3.2 TTD 5.2 TTD
MINIMUM AVERAGE MAXIMUM
$0.36 $0.47 $0.77
Chart showing the prices and cost of commute, travel, and transportation in Trinidad and Tobago

Commute, travel, and transportation costs


20 minutes taxi ride

5.7 TTD 6.8 TTD 14 TTD
MINIMUM AVERAGE MAXIMUM
$0.84 $1 $2

Average car full tank

34 TTD 45 TTD 91 TTD
MINIMUM AVERAGE MAXIMUM
$5 $6.7 $13

Average car 1-day rental

34 TTD 45 TTD 68 TTD
MINIMUM AVERAGE MAXIMUM
$5 $6.7 $10

Average car price

17,000 TTD 34,000 TTD 45,000 TTD
MINIMUM AVERAGE MAXIMUM
$2,500 $5,000 $6,700

Bus ticket one way

1.1 TTD 1.7 TTD 3.4 TTD
MINIMUM AVERAGE MAXIMUM
$0.17 $0.25 $0.50

Car Service

45 TTD 68 TTD 140 TTD
MINIMUM AVERAGE MAXIMUM
$6.7 $10 $20
Chart showing the prices and cost of utility, energy, water, and gas for a student in Trinidad and Tobago

Utility cost (monthly)


Utility Bill - Student

20 TTD 130 TTD 900 TTD
MINIMUM AVERAGE MAXIMUM
$3 $20 $130

Internet and cable

34 TTD 68 TTD 91 TTD
MINIMUM AVERAGE MAXIMUM
$5 $10 $13

Mobile phone charges

27 TTD 45 TTD 140 TTD
MINIMUM AVERAGE MAXIMUM
$4 $6.7 $20

Leisure and activities costs


Movie ticket

17 TTD 23 TTD 34 TTD
MINIMUM AVERAGE MAXIMUM
$2.5 $3.3 $5

One month gym membership

54 TTD 68 TTD 140 TTD
MINIMUM AVERAGE MAXIMUM
$8 $10 $20
Chart showing the prices and cost of clothing and accessories in Trinidad and Tobago

Cloths and accessories costs


Pair of jeans or pants

40 TTD 57 TTD 85 TTD
MINIMUM AVERAGE MAXIMUM
$5.9 $8.4 $13

Woman dress

38 TTD 52 TTD 170 TTD
MINIMUM AVERAGE MAXIMUM
$5.6 $7.7 $25

Woman shoes

36 TTD 49 TTD 110 TTD
MINIMUM AVERAGE MAXIMUM
$5.3 $7.2 $17

Men's shoes

31 TTD 38 TTD 76 TTD
MINIMUM AVERAGE MAXIMUM
$4.6 $5.6 $11

Men suit

34 TTD 43 TTD 230 TTD
MINIMUM AVERAGE MAXIMUM
$5 $6.3 $33

Regular t-shirt

17 TTD 23 TTD 68 TTD
MINIMUM AVERAGE MAXIMUM
$2.5 $3.3 $10
Chart showing the prices and cost of housing, accommodation, and rent in Trinidad and Tobago

Housing costs / monthly rent


Studio apartment

570 TTD 850 TTD 2,300 TTD
MINIMUM AVERAGE MAXIMUM
$84 $130 $330

1-bedroom apartment

850 TTD 1,400 TTD 3,400 TTD
MINIMUM AVERAGE MAXIMUM
$130 $200 $500

2-bedroom apartment

1,100 TTD 1,700 TTD 4,500 TTD
MINIMUM AVERAGE MAXIMUM
$170 $250 $670

Housing costs / Buying


Studio apartment

110,000 TTD 170,000 TTD 340,000 TTD
MINIMUM AVERAGE MAXIMUM
$17,000 $25,000 $50,000

1-bedroom apartment

140,000 TTD 230,000 TTD 850,000 TTD
MINIMUM AVERAGE MAXIMUM
$20,000 $33,000 $130,000

2-bedroom apartment

230,000 TTD 680,000 TTD 1.4M TTD
MINIMUM AVERAGE MAXIMUM
$33,000 $100,000 $200,000
Chart showing the prices and cost of furniture in Trinidad and Tobago

Furniture Costs


King Size Bed

680 TTD 850 TTD 1,100 TTD
MINIMUM AVERAGE MAXIMUM
$100 $130 $170

Double Bed

450 TTD 680 TTD 850 TTD
MINIMUM AVERAGE MAXIMUM
$67 $100 $130

Single Bed

400 TTD 520 TTD 680 TTD
MINIMUM AVERAGE MAXIMUM
$59 $77 $100

Living Room

760 TTD 970 TTD 3,400 TTD
MINIMUM AVERAGE MAXIMUM
$110 $140 $500

Dining Table

340 TTD 450 TTD 850 TTD
MINIMUM AVERAGE MAXIMUM
$50 $67 $130

Sofa or Couch

450 TTD 620 TTD 1,400 TTD
MINIMUM AVERAGE MAXIMUM
$67 $91 $200
Chart showing the prices and cost of electronic devices and appliances in Trinidad and Tobago

Electronics and House Appliance Costs


TV Set

450 TTD 680 TTD 1,400 TTD
MINIMUM AVERAGE MAXIMUM
$67 $100 $200

Fridge or Freezer

400 TTD 620 TTD 850 TTD
MINIMUM AVERAGE MAXIMUM
$59 $91 $130

Washing Machine

520 TTD 760 TTD 1,400 TTD
MINIMUM AVERAGE MAXIMUM
$77 $110 $200

Stove or Cooker

490 TTD 620 TTD 850 TTD
MINIMUM AVERAGE MAXIMUM
$72 $91 $130

Mobile Phone

570 TTD 680 TTD 970 TTD
MINIMUM AVERAGE MAXIMUM
$84 $100 $140

Laptop or Computer

620 TTD 760 TTD 1,400 TTD
MINIMUM AVERAGE MAXIMUM
$91 $110 $200
Income and cost of living compatibility. Is it affordable or economical for students to live in Trinidad and Tobago

Affordable living in Trinidad and Tobago

Income and cost of living compatibility

We asked students one simple question and recorded their answers.

Is it affordable or economical to live in Trinidad and Tobago?


Yes
57%
No
43%

Around 57% of surveyed students think that living in Trinidad and Tobago is affordable with proper budgeting while 43% reported that it is just too expensive and not affordable even with frugality and thriftness.

A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Food Prices, Dining Expenses, and Grocery Costs in Trinidad and Tobago

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Trinidad and Tobago

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

6.8 TTD 14 TTD 23 TTD
MINIMUM AVERAGE MAXIMUM
$1 $2 $3.3

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Trinidad and Tobago is approximatly 14 TTD with meal cost ranging from 6.8 TTD to 23 TTD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

23 TTD 34 TTD 68 TTD
MINIMUM AVERAGE MAXIMUM
$3.3 $5 $10

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 23 TTD and 68 TTD with 34 TTD being the average price of a plate for one person at a regular restaurant in Trinidad and Tobago.

Fine dining meal for one price

45 TTD 68 TTD 270 TTD
MINIMUM AVERAGE MAXIMUM
$6.7 $10 $40

The price range of a meal at fine-dining restaurant is 45 TTD to 270 TTD with the average cost being 68 TTD for one person. This is what you would expect to pay a top-tier diner in Trinidad and Tobago.

Beverage prices, cappuccino, latte etc..

5.7 TTD 9.1 TTD 14 TTD
MINIMUM AVERAGE MAXIMUM
$0.84 $1.3 $2

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Trinidad and Tobago is around 9.1 TTD. Price ranges between 5.7 TTD and 14 TTD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

4.5 TTD 5.4 TTD 6.8 TTD
MINIMUM AVERAGE MAXIMUM
$0.67 $0.80 $1

The average price of a large bottle of milk in Trinidad and Tobago is 5.4 TTD. The maximum what you would pay for milk is 6.8 TTD and the minimum being 4.5 TTD depending on the brand of milk and other properties.

12 eggs price

3.4 TTD 4.5 TTD 6.8 TTD
MINIMUM AVERAGE MAXIMUM
$0.50 $0.67 $1

A dozen eggs costs around 4.5 TTD on average with 3.4 TTD and 6.8 TTD being the lower and upper limits respectively.

Fresh whole chicken price

7.7 TTD 10 TTD 14 TTD
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.1

The price range of a fresh whole chicken in Trinidad and Tobago is between 7.7 TTD and 14 TTD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 10 TTD.

Pack of beef price

9.1 TTD 14 TTD 27 TTD
MINIMUM AVERAGE MAXIMUM
$1.3 $2 $4

The price of a regular pack of beef or meat is around 14 TTD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.7 TTD 5 TTD 7.1 TTD
MINIMUM AVERAGE MAXIMUM
$0.54 $0.74 $1

A bag of rice in Trinidad and Tobago costs around 5 TTD on average with prices rangeing between 3.7 TTD and 7.1 TTD depending on the brand and quality.

Bag of tomatos price

1.4 TTD 1.8 TTD 3.4 TTD
MINIMUM AVERAGE MAXIMUM
$0.20 $0.27 $0.50

A bag of tomatoes costs anywhere from 1.4 TTD to 3.4 TTD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.4 TTD 3.2 TTD 5.2 TTD
MINIMUM AVERAGE MAXIMUM
$0.36 $0.47 $0.77

A bag of apples costs 3.2 TTD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Expenditure on food and grocery for students

Students' spending on grocery ranges from 100 TTD to 4,500 TTD with the location, income, and size of the student being the most determinite factors.

How easily is cost-cutting for students. Are there plenty of low-cost options in Trinidad and Tobago

Low-cost alternatives in Trinidad and Tobago

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked students how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options56%

Few low-cost options44%


Based on the survey, 56% of the students living in Trinidad and Tobago have no problem finding low-cost alternatives to support a frugal lifestyle while 44% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Students

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked students whether they have an emergency fund and the answers were as follows.

Yes54%

No46%


Based on the survey, 46% of the students living in Trinidad and Tobago said that they don't have an emergency fund while 54% said that they do.

Financial literacy and difficulty in budgeting and financial planning for students in Trinidad and Tobago

Financial Literacy in

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy52%


We asked student guardians and parents in Trinidad and Tobago whether they acquired any adequate personal financial training in their lives. Approximately 48% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 52% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether students of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 47% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 53% said that they have everything under control.

Struggles with finance47%

Easily manages finances53%

Monthly costs and expenses of energy and basic utilities in Trinidad and Tobago

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Trinidad and Tobago

Utility Bill Cost / Electricity + Water + Gas / Student

20 TTD 130 TTD 900 TTD
MINIMUM AVERAGE MAXIMUM
$3 $20 $130

Internet and cable cost

34 TTD 68 TTD 91 TTD
MINIMUM AVERAGE MAXIMUM
$5 $10 $13

Mobile phone bill and charges

27 TTD 45 TTD 140 TTD
MINIMUM AVERAGE MAXIMUM
$4 $6.7 $20

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of students is around 130 TTD. The cost of internet and WiFi ranges from 34 TTD to 91 TTD with 68 TTD being the average internet bill. Finally, the average monthly mobile charges is around 45 TTD but can range between 27 TTD and 140 TTD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3% 6% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Trinidad and Tobago is around 6%. This means that people pay 6% of their income for energy, water, internet, and mobile charges. Those figures can range from 3% to 10% depending on salary and location.

Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Trinidad and Tobago

Housing costs, accommodation, and housing affordability in Trinidad and Tobago

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Trinidad and Tobago

Monthly Rent Prices

Studio apartment monthly rent cost

570 TTD 850 TTD 2,300 TTD
MINIMUM AVERAGE MAXIMUM
$84 $130 $330

1-bedroom apartment monthly rent cost

850 TTD 1,400 TTD 3,400 TTD
MINIMUM AVERAGE MAXIMUM
$130 $200 $500

2-bedroom apartment monthly rent cost

1,100 TTD 1,700 TTD 4,500 TTD
MINIMUM AVERAGE MAXIMUM
$170 $250 $670

3-bedroom apartment monthly rent cost

1,400 TTD 2,300 TTD 6,200 TTD
MINIMUM AVERAGE MAXIMUM
$200 $330 $910

Furnished apartment monthly rent cost

2,700 TTD 6,800 TTD 14,000 TTD
MINIMUM AVERAGE MAXIMUM
$400 $1,000 $2,000

Townhouse monthly rent cost

2,300 TTD 3,400 TTD 9,700 TTD
MINIMUM AVERAGE MAXIMUM
$330 $500 $1,400

House monthly rent cost

2,700 TTD 6,800 TTD 14,000 TTD
MINIMUM AVERAGE MAXIMUM
$400 $1,000 $2,000

Villa monthly rent cost

3,400 TTD 8,500 TTD 14,000 TTD
MINIMUM AVERAGE MAXIMUM
$500 $1,300 $2,000

The monthly rental cost of a studio apartment in Trinidad and Tobago ranges between 570 TTD and 2,300 TTD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 850 TTD to 3,400 TTD. Two-bedroom rentals rate ranges between 1,100 TTD and 4,500 TTD per month. The monthly rental for a three-bedroom apartment ranges from 1,400 TTD to 6,200 TTD. The average rent of a townhouse in Trinidad and Tobago is around 3,400 TTD while house rental costs can be as high as 6,800 TTD per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,400 TTD to 14,000 TTD per month.



Apartment and house prices in Trinidad and Tobago

Cost of buying a property

Studio apartment price

110,000 TTD 170,000 TTD 340,000 TTD
MINIMUM AVERAGE MAXIMUM
$17,000 $25,000 $50,000

1-bedroom apartment price

140,000 TTD 230,000 TTD 850,000 TTD
MINIMUM AVERAGE MAXIMUM
$20,000 $33,000 $130,000

2-bedroom apartment price

230,000 TTD 680,000 TTD 1.4M TTD
MINIMUM AVERAGE MAXIMUM
$33,000 $100,000 $200,000

3-bedroom apartment price

760,000 TTD 1.1M TTD 3.4M TTD
MINIMUM AVERAGE MAXIMUM
$110,000 $170,000 $500,000

Townhouse price

970,000 TTD 2.3M TTD 8.5M TTD
MINIMUM AVERAGE MAXIMUM
$140,000 $330,000 $1.3M

House price

1.1M TTD 6.8M TTD 9.7M TTD
MINIMUM AVERAGE MAXIMUM
$170,000 $1M $1.4M

Villa price

1.4M TTD 7.6M TTD 11M TTD
MINIMUM AVERAGE MAXIMUM
$200,000 $1.1M $1.7M

The average price of a studio apartment in Trinidad and Tobago can range from 110,000 TTD to 340,000 TTD depending on location. One bedroom cost can be anywhere from 140,000 TTD to 850,000 TTD. A villa can cost you 7.6M TTD on average with prices ranging from 1.4M TTD to 11M TTD.


If you're leasing or purchasing, housing costs in Trinidad and Tobago will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


38 x109 monthly income 206
MINIMUM AVERAGE MAXIMUM

Property prices in Trinidad and Tobago can be x109 to x206 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x109 multiples of the average monthly salary in Trinidad and Tobago.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 31% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Trinidad and Tobago is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 21% to 41% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
29%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.1%
AVERAGE
3.1%
TO
4.1%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


10 TTD 130 TTD 1,300 TTD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

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