A realistic household budget in Grenada should list rent or housing costs, electricity, water and sewerage, food, transport, communication, health, education or childcare, family expenses, leisure and a contingency reserve. Energy, food, housing and transport usually have the strongest effect on monthly spending. Health and education can create irregular expenses even when public services are available. Government education generally covers ages 5 to 16, but uniforms, supplies, meals, transport, childcare and private tuition can still add costs. Public and private health services both exist, and consultations, diagnostics, medicines, dental care, insurance and emergency transport should not be assumed to be free. The National Insurance Scheme (NIS) creates a recurring payroll cost: employees contribute 6.25% and employers 7.25% of insurable earnings, with a contribution base capped at EC$5,200 per month; self-employed contributors generally pay 13.5%, while voluntary coverage is 6.75%. Electricity is supplied by Grenlec and regulated by PURC. A domestic bill includes a non-fuel charge of EC$0.4057 per kilowatt-hour, while the fuel charge and fuel adjustment change over time. At the tariff position recorded on 7 August 2026, the fuel charge was EC$0.7355 per kilowatt-hour, the fuel adjustment was negative EC$0.07250 and the renewable energy charge was EC$0.003627. Domestic electricity use up to 99 kilowatt-hours receives no VAT and no environmental levy; the levy is EC$5 for 100 to 150 kilowatt-hours and EC$10 above 150 kilowatt-hours. NAWASA provides public water and sewerage services, but its published domestic tariff documents differ, so the current bill or tariff should be checked. A household may also need a water connection, storage capacity and a reserve for dry-season interruptions. Food prices are affected by imports, local production, shipping and supply interruptions. Price Control Items include examples such as rice, flour, sugar, milk, chicken, selected meat, cooking oil and infant formula, with controlled retail margins. A general national monthly food basket is not currently available, so a household should track its own purchases. Public bus fares are regulated and published by zone at roughly EC$2.50 to EC$6.50, while a private vehicle adds fuel, insurance, licensing, maintenance and import-related costs. Digicel offers prepaid and home internet plans, but the suitable cost depends on coverage, installation and usage; one recorded home fibre plan was EC$175 per month including tax. Rent depends on parish, furnishing, condition, utilities and storm or supply risks. Upfront housing costs can include a deposit, advance rent, utilities, repairs and insurance, and Grenada has no reliable national official rent median. CSO consumer-price data through 2024 recorded a 0.74% year-on-year increase for all products in September, 1.82% for food and non-alcoholic beverages, 0.29% for housing, water, electricity and gas, and 3.00% for health. These figures describe price movement, not a complete household budget. Household survey work covering November 2025 to October 2026 is still ongoing, so no reliable national 2026 household spending median should be treated as established. A practical budget should therefore use local prices for the relevant parish and household, keep at least one month of reserve for fuel, food, electricity, storms and repairs, and mark estimates that need current verification.
Costs in Grenada
Living costs in Grenada include housing, utilities, food, transport, health, education, communication, family expenses and leisure. Grenada uses Eastern Caribbean dollars (EC$, also XCD), fixed at EC$2.70 to US$1. Costs vary substantially by parish, household, housing arrangement, import share and access to Carriacou or Petite Martinique.
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