Is the cost of living in Nassau high?

"Housing costs vary greatly but the last time I checked you needed to spend $500,000 USD as a minimum on the home in order to qualify for a permanence residence. This number may have risen in the last couple of years as they have talked about changing it to 750,000 or 1 million dollars. Besides that expect to spend at least $800 a month in groceries for a couple that eats well. Restaurants can run fairly expensive at about $50 for dinner for a couple up to thousands of dollars in the fancy places," said a member in Coral Harbour, Bahamas.

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"The cost of living in Nassau is generally higher than in other parts of the Caribbean. Prices for basic necessities such as food, housing, and transportation are higher than in many other Caribbean countries. Eating out can be expensive, and the cost of imported goods is also higher than in other countries. However, the cost of living in Nassau is still lower than in many other parts of the world," remarked another expat who made the move to Nassau, Bahamas.