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We continued to vacation on Roatán for years, bringing friends along with us each time. In 2012, I could no longer physically do my job and I said, "I'm moving to Roatán." I packed up my cat, moved down here, and stayed for four months. I started our immigration/residence process, and the groundbreaking for our house began. And when we finally moved here permanently in October 2013, we finished building our house.
Our home is paid for, as are our cars, which we bought here. The only bills we have are internet and electric ($100 a month each), gas for the cars, propane for the house appliances, and a yearly water bill of $120 (we are on a shared well and have a cistern). Our biggest expense is feeding our five dogs. If we didn't have those extra (big) mouths to feed, we could easily live on $1,000 a month.
If you decide to rent here (as most expats do), you can find basic studio apartments for $400 a month; in the more rural East End, $650 a month can get you a three-bedroom apartment with a pool.