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The cheapest diving I have ever found is in Utila, Bay Islands, Honduras. Over 70 buoyed dive sites around the island with awesome diving and a 10 pack of dives costs you $125 including the equipment - $12.50 per dive you cannot get prices like that anywhere in the world and great diving. Try Deep Blue Divers great outfit see www.deepblueutila.com they have a resort as well for the upmarket diver but the school in town are the prices I said. You can get accommodation for $6 per room per night and a meal and a beer for about the same so cheap all round.