No. Living in Antigua and Barbuda is not expensive relative to many countries around the world. Antigua, like its fellow Eastern Caribbean states, takes the East Caribbean Dollar, which is pegged to the U.S. Dollar, and has a low exchange rate relative to the American and other global currencies. With free healthcare and education, the island offers a wealth of low-cost living opportunities to savvy investors, who will find the island’s low prices complemented by its low income tax rate.