Quick Answer: Is It Expensive To Live In The Virgin Islands?

How expensive is it to live in the US Virgin Islands?

Housing / RentalsSt.

Thomas & Water IslandSt.

CroixEfficiency/Studio$775-$1500$550-$800Cottage$800-$1800$1200-$20001 Bedroom Apt.$800-$1550$550-$12002 Bedroom Apt.$1000-$2200$800-$18002 more rows.

Can I move to the Virgin Islands?

As an American citizen, you can move to St. Thomas, in the Virgin Islands, without winning the jackpot. It’s really no different than moving to another state, since you don’t need a visa and can simply arrive and establish residency. However, the cost of living is high, and hurricanes happen all too frequently.

Do you pay taxes in the Virgin Islands?

The U.S. Virgin Islands uses a mirror system of taxation, also known as the “Mirror Code,” meaning that USVI taxpayers pay taxes to the Virgin Islands Bureau of Internal Revenue (“BIR”) generally to the same extent as U.S. taxpayers would under the Code to the U.S. Internal Revenue Service.

Why did the US buy the Virgin Islands?

The islands remained under Danish rule until 1917, when the United States purchased them for $25 million in gold in an effort to improve military positioning during critical times of World War I. St. Croix, St. Thomas and St.

Which is the most dangerous Caribbean island?

10 Of The Most Dangerous Cities In The Caribbean1 Caracas, Venezuela. Currently, the State Department advises tourists to not travel to Venezuela and rightfully so.2 Port-Au-Prince, Haiti. … 3 Kingston, Jamaica. … 4 Basse Terre, St. … 5 San Pedro Sula, Honduras. … 6 Santo Domingo, Dominican Republic. … 7 Laventille, Trinidad & Tobago. … 8 San Juan, Puerto Rico. … More items…•

How much is a gallon of milk in St Thomas?

Cost of Living in St ThomasRestaurantsEditCoke/Pepsi (12 oz small bottle)2.75$Water (12 oz small bottle)2.50$MarketsEditMilk (regular), (1 gallon)9.97$62 more rows

How do you become a resident of the Virgin Islands?

The tax code generally defines a “bona fide resident” as a person who:is present for at least 183 days during the tax year in the Virgin Islands;does not have a tax home outside the Virgin Islands during the tax year and.does not have a closer connection to the U.S. or a foreign country than to the possession.

Do residents of the US Virgin Islands pay federal income tax?

Taxes imposed on residents of the Virgin Islands include: Federal Income Tax (same as US mainland) Property Tax. Employers are required to remove social security, Medicare and income tax from employee pay.

Which US Virgin Island is the cheapest?

“Cheap” and “US Virgin Islands” aren’t synonymous! Generally speaking where accommodation is concerned, St John is the most expensive, St Thomas is next and St Croix third (but less difference between the latter two).

Do I need a passport to go to the US Virgin Islands?

U.S. citizens do not need a passport when entering the U.S. Virgin Islands, according to the official U.S. Virgin Islands passport requirements, but you may be required to show proof of citizenship (raised-seal birth certificate and valid government-issued ID card such as a driver’s license) when departing the U.S. …

Are there sharks in the Virgin Islands?

Although there are sharks living within the waters around the Virgin Islands the likelihood of you seeing one is rare. On reef dives and sometimes while snorkeling it is possible to see nurse sharks; most other sharks avoid reefs during the day. Many shark species are shy but occasional attacks do occur.

Does the US own St Thomas?

U.S. Territory St. Thomas is an island in the Caribbean that is politically part of the United States Virgin Islands (USVI), which also includes St. … John and some smaller islands.

Is it expensive to live in St Thomas?

While St. Thomas may be a nice place to live, we say “avoid” due to the high cost of living. Apartments rent for about $2,000 a month and to buy a two-bedroom house in a good neighborhood will cost about $285,000-plus.

Is there a lot of crime in the US Virgin Islands?

A study published last year by the Interamerican Development Bank warned that while non-violent crime in the region was low, violent crime rates “are among the highest in the world.” The U.S. Virgin Islands had 51 official murders in 2017, not including one vehicular homicide.

Are the Virgin Islands safe?

The Virgin Islands are a relatively safe destination. The small permanent populations are generally friendly and welcoming. That being said, St. Thomas is no longer as safe as it once was.

What Caribbean island is the cheapest to live on?

Most islands in the Caribbean have higher than expected utility costs. The Dominican Republic, Belize, Costa Rica, and Panama have the cheapest cost of living in the Caribbean.

Can you drink the water on St Thomas?

The water is safe to drink at most establishments.

Which US Virgin Island is best to live on?

U.S. Virgin Islands Thomas, St. John and St. Croix – offers some of the best retirement scenarios in the Caribbean.

What is the safest US Virgin Island?

St. JohnWith that being said, St. John is the safest of the 3 main islands. We would have a few small incidents here and there but rarely do we have any major crimes that you should be concerned about. The rare times that they do occur the community for the most part is pretty shocked.

What is the most beautiful virgin island?

St. ThomasPerhaps the most popular of the U.S. Virgin Islands, St. Thomas is a tropical paradise. It offers the sparkling waters, bountiful coral reefs, and pristine beaches of other neighboring islands, making it a perfect place for impressive vacation snapshots.

What airlines fly to the Virgin Islands?

American Airlines, Delta & Virgin Atlantic fly the most frequently from the United States to the U.S. Virgin Islands.