Aruba's cost of living is considered expensive with a CPI of 73.2. Groceries (index: 72.3) and restaurant prices (index: 68.9) are also on the higher side compared to the NYC baseline.

The housing market in Aruba is very affordable, with a property price to income ratio of 4.0. The rent index is also relatively low at 32.7, indicating affordable rental options.

Aruba has a moderate average income, with a purchasing power index of 92.8, suggesting that residents have slightly lower buying power compared to NYC.

Aruba has a progressive income tax system with rates ranging from 0% (for income up to AWG 34,930 in 2025) to 52% (for income over AWG 135,527). A combined turnover tax (BBO/BAVP/BAZV) of approximately 7% applies to goods and services. Property tax rates are progressive, from 0% to 0.6% of the assessed value.

Aruba consistently ranks high in the Caribbean Investment Climate Index, reflecting a strong commitment to fostering an investor-friendly environment. The government is actively implementing policies to streamline business processes, reduce bureaucracy, and support a growing startup ecosystem with initiatives like the Aruba Free Zone offering tax incentives.

Aruba offers universal healthcare coverage through the AZV system, complemented by private options. The pension system is a dual structure, combining a social insurance old-age pension (AOV) with mandatory occupational pensions. Unemployment benefits are provided through an employer-liability system with layoff compensation based on years of service.

Aruba's banking sector is stable and well-regulated by the Centrale Bank van Aruba. A Deposit Insurance Scheme (DIS) is currently under development, with its legal basis established in 2021 and significant progress made in 2024. The specific coverage limit for this scheme has not yet been finalized.