Is the cost of living in Bahamas high?
We asked people how much they someone comfortably live on in Bahamas, they wrote...
"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," commented one expat who made the move to New Providence, Bahamas.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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"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," remarked another expat in Bahamas.
Other Questions:
- What do I need to know before moving to Bahamas?
- How do I find a place to live in Bahamas?
- What is a typical expat home or apartment like in Bahamas?
- What is the average cost of housing in Bahamas?
- Should I buy or rent a home in Bahamas?
- What should I pack when moving to Bahamas?
- What cultural faux pas should I try to avoid making in Bahamas?
- Why do people move to Bahamas?
- What are healthcare services like in Bahamas?
- What are medical services in Bahamas like?
- What are typical rents in Bahamas?
- What appliances are typically included in a rental?
Is the cost of living in Bahamas high?
If you live in Bahamas, newcomers to Bahamas would love to hear your answer to this question.
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.
