Is the cost of living in Bahamas high?
We asked people about the cost of living in Bahamas, they wrote...
"The cost of living in Bahamas is generally considered to be quite high for the average traveler. Generally, larger cities such as Nassau have the highest cost of living. Rental prices for a nice 1 bedroom apartment in Bahamas can range from $1,000 to $2,000 USD per month, while a nice 2 bedroom apartment can range from $1,500 to $3,000 USD per month. A dinner at a moderately priced restaurant in Bahamas can cost anywhere from $50 - $80 USD," remarked another expat in Bahamas.
"Definitely on the high end. Almost all goods are imported and there is a very large duty fee for just about everything. COL is also high as many of the safer places to live come with a larger price tag. We have seen Paradise Island 2-3 bedroom condos from $2500-$5000 a month. The same product 'across the bridge' in Nassau will run about half of that," said a member in Paradise Island, 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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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:
