The Cost of Living in Bahamas for Expats
Living in Bahamas as an expat can be a wonderful experience, but it's important to plan your budget accordingly. Here, we provide information on the cost of living in Bahamas to help you make informed decisions.
Accommodation
The cost of accommodation in Bahamas varies depending on the location and type of housing. On average, renting a one-bedroom apartment in the city center can cost around $1,500 per month, while outside the city center, the rent drops to about $1,000 per month. If you prefer a larger apartment or a house, the prices can range from $2,000 to $4,000 per month.
Transportation
When it comes to transportation, expats in Bahamas have several options. The most common mode of transport is by car, and the cost of owning a car can include expenses such as car payments, insurance, fuel, and maintenance. Alternatively, you can rely on public transportation, such as buses or taxis, which are more affordable options.
Food
The cost of food in Bahamas can vary depending on your dining preferences. If you choose to eat out frequently in restaurants, expect to spend around $15 to $30 per meal. However, if you prefer cooking at home, grocery expenses can range from $300 to $500 per month.
Other Expenses
Additional expenses to consider include healthcare, education, utilities, and entertainment. Healthcare costs can be high, especially if you require private medical insurance. School fees for expat children can also be a significant expense. Utilities such as electricity, water, and internet can add up to around $200 to $300 per month. Lastly, entertainment expenses can vary depending on your lifestyle preferences.
Overall, the cost of living in Bahamas as an expat can be relatively high. However, with proper budgeting and planning, you can enjoy the beautiful beaches and vibrant culture that the country has to offer.
