How Expensive is it to Live in the Bahamas

How Expensive is it to Live in the Bahamas

In this article, tries to answer the question by publishing How Expensive is it to Live in the Bahamas

Below is How Expensive is it to Live in the Bahamas

The cost of living in The Bahamas compared to the US or Canada is significantly higher — primarily because nearly all goods must be imported.

As the standard of living in The Bahamas is quite high, real estate in the country also tends to be on the more expensive side of the average. Reasonable prices can still be found, depending on the type and location of housing you choose.

This list of average prices should give you a rough estimate of the cost of living in The Bahamas:

  • Utilities are significantly more costly in The Bahamas. Expect to pay $250-$300 monthly for electricity, water, heating and cooling in a modest apartment.
  • Transit is often slightly less expensive than in the US — a monthly bus pass in Nassau is around $47 — but considerably less reliable.
  • Taxis cost more in The Bahamas, with an average cost of $60/hour compared to $27 in the US.
  • Eating out will also cost more than in the US, with average prices ranging from $8 for a fast-food combo to upwards of $70 for a mid-priced three-course meal for two.
  • Health insurance prices will vary depending on your age, health and the type of coverage you choose, but expect to pay between $50 and $250 per month.
  • Groceries are a bit of a mixed bag. Fresh fruit and vegetables are often close to US prices, but other grocery items can be significantly more expensive.

How much is the monthly rent in the Bahamas?

What is the average rent in The Bahamas? The average rental price for a one-bedroom apartment is around $1,250/month across the entire country (though you may be able to find studios for $1,000/month). This number is skewed slightly by higher costs near the cities and popular neighborhoods of Nassau and Freeport.

What is the downside to living in the Bahamas?

Additionally, the cost of living is relatively low compared to other Caribbean destinations. The cons of living in Nassau include the high crime rate, limited job opportunities, and the fact that the city can be quite expensive for tourists.