Cost of Living in Belize
Last updated on Nov 27, 2021
Summary: What is the cost of living in Belize? Expats, digital nomads and retirees living in Belize talk about the general living costs, the cost of housing and health insurance.
Is the cost of living in Belize high?
We asked people how much they someone comfortably live on in Belize, they wrote:
"Since we are debt free, and the property taxes are unbelievably low, we are primarily able to live just on our Social Security (about $3,000 U.S. per month). Again, however, we do not spend excessively on sightseeing or dining out. We love living a quiet life at a slow pace," explained one expat.
"We have no house payment since our home is paid for. We are doing very well on about 3,000 U.S. per month, though we could get by for much less," said another person in Hopkins Village.
Will I save money living in Belize?
"Exceeded! The stores have ground expotentially. You can get anything else easily shipped in. My dad is 97 and we ship in his favorite Cookies all the time," explained one expat living in Cerros Sands Corozal .
"We sold our home in Pennsylvania, which gave us the funds needed to purchase our lot and home. Now we are debt free in Belize. Consequently, we are fully able to live off of our Social Security, and occasional deductions from IRA's, etc. We are very comfortable on the whole, and do not feel that any of the prices in Belize are too high," said another expat in Hopkins Village.
What is the average cost of housing in Belize?
If you are thinking about moving to Belize, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Lower. Average cost with some amenities is $400 US, I also have heard that for that price or a little more you can rent a whole house instead," added another person living in San Pedro.
"Housing cost is about 50% less if you are a owner builder. Avg for land and house is $80k US and the ROI after three years is about triple that," explained one expat living in Corozal.
What are typical rental prices for expats in Belize?
"Rental prices will vary based on the size (how many bedrooms, bathrooms, amenities, etc), the location (near the sea, river, inland), and whether it is high or low season. How the home is furnished may have a bearing on the rent also. In the Hopkins area rentals can be found for just about any budget," remarked another expat living in Hopkins.
"When renting in Belize, 500 USD a month for a 1/2 Bedroom and 1000 USD for a month 2/3 Bedroom. ," said one expat living in San Ignacio.
What appliances are typically included in a rental?
We asked foreigners in Belize what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Belize, most rentals come furnished since it would not be expedient for a renter to purchase furniture, large appliances, and kitchen items.," mentioned another expat in Hopkins.
"Typically the kitchen is fully setup, the appliances are included, washer and dryer are included," commented one expat who moved to San Pedro, Belize.
About the Author
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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