Very affordable costs (CPI: 39.0). Groceries (39.9) and restaurants (37.0) are also very affordable compared to the NYC baseline.

Property prices are expensive, averaging 13.7 years of household income. The rental market (index: 14.0) is considerably more affordable.

A purchasing power index of 45.4 indicates a low average income relative to living costs when compared to the NYC baseline.

The tax system includes a progressive income tax for individuals (0-25%) and a corporate income tax of 27%. The standard VAT (ITBIS) is 18%. Annual property tax is 1% on values exceeding an exemption threshold (approx. USD 182,206 for 2026).

The business environment is improving with efforts to streamline regulations and promote foreign investment. The startup ecosystem is ranked #106 globally (2025), showing growth in funding but facing bureaucratic challenges.

The social security system includes a private pension fund (AFP) with mandatory contributions. Healthcare is two-tiered; public facilities are often under-resourced, while private options offer higher quality. Paid maternity and sick leave are provided.

Deposits are protected up to RD$1,860,000 (approximately USD 31,286) per depositor by the Contingency Fund. The banking system is stable and well-regulated, adhering to Basel principles, with no major bank failures since 2003.