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Cost of Living in Bahamas

By Betsy Burlingame

Last updated on Dec 24, 2023

Summary: The cost of living in the Bahamas is generally higher than in other parts of the world. A nice one bedroom apartment in the Bahamas can cost anywhere from $1,000 to $2,000 per month in US Dollars. A nice two bedroom apartment can cost anywhere from $1,500 to $3,000 per month in US Dollars. The cost of dinner at a moderately priced restaurant in the Bahamas can range from $20 to $50 per person in US Dollars.

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Is the cost of living in Bahamas high?

We asked people how much they someone comfortably live on in Bahamas, they wrote:

"The cost of living in the Bahamas can vary depending on where you choose to live. Generally, prices for food and utilities are on the higher side but other expenses, such as accommodation and transportation, are relatively affordable. Rent is typically high in larger cities and areas popular with tourists, but other areas are more affordable. In general, living in the Bahamas is more expensive than living in the US, but the country offers a unique lifestyle and a beautiful natural environment to enjoy," wrote a person living in Bahamas.

"This is of course a loaded question as it depends on your personal level of comfort. As mentioned above there are billionaires living here and so they live a much higher living standard then your average retired couple. We also have teacher friends that are living here on their salaries in 1/12 apartments but living well and going out with friends so if you have enough income to get a permit to reside you can find a way to live here within that means," explained one expat living in New Providence.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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Get a quote for international health insurance from our partner, William Russell.
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Get a quote for international health insurance from our partner, William Russell.
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William Russell
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Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

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Find essential information about the digital nomad visa for working in the Bahamas.

Contribute to Bahamas Network Contribute
Help others in Bahamas by answering questions about the challenges and adventures of living in Bahamas.

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