Hands down one of the best locations I've been to thus far. This is an island off the coast of Belize, it's a backpackers Carribean paradise, about an hour off the coast heading north towards the Mexican Belize border Cehtumal. I haven't been here in a while so I'll assume it has greatly expanded. You can also get here through Mexico. Just take the Ado bus from Cancun to Chetumal.
Depending on the time the price can range from $217 - $400 Pesos and the ride takes about 5 - 6 hours. From there you can get the Ferry from Chetumal to Caye Caulker for $55 USD One Way
When you arrive in Belize at Philip S. W. Goldson International Airport you'll have to catch a Taxi (USD $40) to the Belize Water Taxi . If you can, try to find someone in the airport headed to the ferry terminal that can split the cost with you.
San Pedro Belize Express
Brown Sugar Market Place
#111 North Front Street
There are many budget friendly places to stay on this Island. I'd like to offer a few that I recommend because I stayed here. One was through Airbnb, and the other, through suggestions by Tripadvisor. I'm happy I moved over to the Tripadvisor suggestion because not only was it cheaper but i met more people, as opposed to my Airbnb that made me feel alone.
This place was adorable. Small but with everything you need. Goes for about $35 USD a night. I believe they have other cabanas on site to choose from.
My second half of the Trip was at The Ocean Pearl : http://oceanpearlhotelbelize.com/
Since i've visited the price has gone up unfortunately, though I still recommend this place. Hotel rooms for one night with double or single occupancy is $35 US per night for rooms with a ceiling fan. $47.50 US per night for rooms with air conditioning. If you stay one week you get the 7th night free!
Island Magic is a bit of a more expensive option, But better then Airbnb when it comes to Luxury stays : http://www.islandmagicbelize.com/
Get Interactive Map Here
I'm hanging out at The Split (Beach) The Split in Caye Caulker is just that it was split by a hurricane and the the caye is now two. Some people state that the Split was created by Hurricane Hattie in 1961 which devastated Belize City, however, that is a myth. Villagers who actually hand dredged it maintain that it is largely a man-made feature. The Village Council Chairman at the time, Ramon Reyes, recounts that he and others dredged the waterway by hand after Hurricane Hattie opened a passage a few inches deep.
The Lazy Lizard is the watering hole at the end of the land here, The beer is cold and water is warm what could be better than that? The island is basically a sand bar over a limestone shelf. Underwater caves are found in the limestone (which have claimed the lives of several scuba divers exploring them).