. 🇧🇸 Affordable Cost of Living in Bahamas - Learn from the Experts! Updated May 2023 (2023)

Visitors to the stunning Bahamas will not be disappointed when it comes to dining options. From exclusive Michelin-starred restaurants to cozy beach cabanas, visitors of all shapes and sizes will find something to satisfy their taste buds. Many restaurants are known for their international fusion dishes based on traditional island flavors and local seafood. Since the Bahamas is known for its lively nightlife, foodies can indulge in late night treats.

In addition to restaurants, travelers can also explore legendary bistros, gourmet restaurants and family hangouts. Street food is also a popular attraction, especially near tourist areas. Here, diners will find some of the best cuisine on the island, from conch fritters to classic coconut curry. Best of all, many of the dishes here are accompanied by a soundtrack of local music and atmosphere that only enhances the experience.

eat at an inexpensive restaurant

20.20$

Meal for 2, traditional restaurant, 3 courses

88.08$

McDonald's McMeal or other combo meals

7.58$

Domestic beer, 0.5 liter casks

4,55$

Imported beer, 0.33 liter bottle

5.05$

cappuccino

4,64$

Coca-Cola Mund od. 0,33l

2.15$

Market prices in the Bahamas vary widely depending on the type of goods and services purchased. In general, prices for items such as produce and staple foods are very affordable, and prices can change depending on the time of year or demand for these items. Consumers looking for ready-to-eat meals, household items, or higher-value items are likely to pay higher prices for these types of items.

The economy of the Bahamas is directly affected by tourism, which affects market prices for goods and services. Generally speaking, prices of goods and services in tourist areas may be higher than in other areas. For those looking to save a little extra, buying outside of tourist areas or during off-peak hours can save customers a lot of money.

Water, 0.33 liter bottle

1,77$

Milk, normal, 1 liter

2.46$

Fresh white bread, 0.5 kg

3.51$

White rice, 1 kg

4,64$

eggs, 12 packs

3.31$

Local cheese, 1 kg

7,74$

Chicken breast, boneless, skinless, 1 kg

11.79$

Beef shank or equivalent red shank, 1 kg

15.42$

Apples, 1 kg

4,79$

Bananas, 1 kg

2,25$

oranges, 1 kg

5.44$

Tomatoes, 1 kg

3.48$

Potatoes, 1 kg

3,89$

Luke, 1 kg

3.14$

lettuce, 1 head

3.23$

Water, 1.5 liter bottle

1,88$

bottle of wine, moderate price

20.20$

Domestic beer, 0.5 liter bottle

2,82$

Imported beer, 0.33 liter bottle

3.61$

pack of cigarettes

8.59$

The Bahamas offers a variety of transportation options. Traveling from island to island is easy with a ferry service that offers beautiful views of the Caribbean Sea. Taxis and car rental services are readily available on the most populous islands for quick and easy travel, while other, more remote islands offer visitors the opportunity to explore and experience unique landscapes and cultures.

For those looking to make the most of their Bahamas vacation, a boat charter or yacht charter can offer luxury and convenience. Offering unforgettable excursions and cruises where you can enjoy beautiful turquoise waters, coral reefs and beautiful beaches. Guided tours on the island also offer visitors the opportunity to learn about different places, which vary in terms of culture, food, architecture, and more.

One-way ticket, local transport

1,77$

Monthly ticket, regular price

39.14$

Taxistart, Normaltarif

4,55$

Taxi, price per kilometer, normal rate

3,79$

Taxi, price for 1 hour wait, normal rate

30.30 sets$

gasoline, 1 liter

1.21$

Volkswagen Golf 1.4 90 KW Trendline (or new equivalent)

40,400.00 there$

Honda Civic 1.6 or replacement new car

45.854,00$

In the Bahamas, utility costs vary by island and region. In general, electricity and water rates are higher than in the US, and some islands have higher electricity rates than others. Internet service prices may vary by service provider and package purchased.

When planning your trip to the Bahamas, be sure to research utility and internet costs by island and region to ensure you have an accurate budget. Research also gives you the opportunity to find the service provider that best suits your needs.

Basic services for 85 sqm apartment including electricity, heating or cooling, water and trash

353,50$

Local prepaid mobile plans, price per 1 minute, no discounts or tariffs

0,33$

Internet, 60 Mbit/s or higher, unlimited data, cable/ADSL

47.03$

The Bahamas has some of the best sports and entertainment in the world for all ages and interests. From famous marlin and totoaba fishing to sailing, parasailing and windsurfing, the waters are teeming with sports and recreation enthusiasts. Play a round of golf at some of the best golf courses, go horseback riding on beautiful beaches, or explore the island by jet ski or kayak. With such beautiful backgrounds, you are sure to have an unforgettable experience.

The Bahamas is also home to award-winning spas and salons that offer visitors opportunities to relax and rejuvenate. Browse the many souvenir shops and galleries that line the street, and enjoy a lively nightlife and fun-filled festivals like Junkanoo. Nature is a big part of the Bahamas, giving guests the opportunity to enjoy stunning coral reefs and some of the most beautiful and pristine beaches in the world. For animal lovers, the Bahamas has some of the most desirable and exotic wildlife species in the Caribbean.

Health Club, monthly fee for 1 adult

69.12$

Tennis court rental, 1 hour on weekends

42.09$

Salaries and funding in the Bahamas are similar to those in the US and Canada. The country's consumer price index ranks among the top in the region, but wages are on par with other Caribbean countries. The average annual salary for a full-time employee in the Bahamas is around $5,700, with most salaries covering basic expenses like room and board.

Financing options in the Bahamas include a variety of banks, credit card issuers, and traditional and specialty loan products. The banking sector in the Bahamas has grown rapidly in recent years, increasing credit and borrowing opportunities. Recent investments in tourism and related industries have created additional economic opportunities for Bahamian locals and visitors alike.

movie ticket, 1 seat

10.10$

Average monthly net salary after taxes

2.041,42$

Mortgage rate percentage, 20-year fixed rate, annual fixed rate

8%

Prices for babysitting in the Bahamas vary by the type of school and daycare. In general, private institutions that offer luxurious facilities and various teaching services are relatively expensive. In contrast, public schools and kindergartens are usually cheaper and have simpler facilities.

Each school and daycare center in the Bahamas has its own fees and prices, which can vary by region and by the age of the child. Depending on the educational institution chosen, parents should pay for registration fees, meals and snacks. Typically, schools and kindergartens offer comprehensive educational programs and lessons for children and provide recreational activities and resources.

Private preschool or kindergarten, 1 child per month

404,00$

International Primary School, 1 child per year

11.446,66$

Clothing and shoes prices in the Bahamas can vary depending on which store the customer visits. Department stores and luxury boutiques offer the most fashionable and luxurious clothing and shoes, but some of these items can be expensive. For those looking for cheaper options, discount stores and outlet stores are a great way to find good deals.

Bahamian shoppers have a variety of options when it comes to finding and purchasing the perfect dress and shoes for any occasion. From luxury boutiques to department stores and discounters, shoppers can browse and buy what they want in person or online. Online shopping is becoming more and more popular and offers customers the added convenience of quick and easy price comparisons.

A pair of jeans from chains like George, H&M, Zara, etc.

64,82$

Summer dresses from chains like George, H&M, Zara and more.

42,42$

A pair of running shoes, mid-priced

96.07$

A pair of leather business shoes

95,32$

Short term accommodation and rental options in the Bahamas are perfect for short island getaways. There are many accommodation options such as villas, guesthouses and villa resorts that offer luxurious yet compact living spaces. The Bahamas offers the perfect vacation for every budget, and an array of amenities like swimming pools, beach access and on-site restaurants make it perfect for those looking for a stress-free vacation.

No matter how you choose to stay, the Bahamas offers plenty of open spaces, tropical vistas and activities for all types of travelers. Whether you're looking for a romantic getaway, a family vacation or a relaxing getaway, the Bahamas has something for everyone. With so many to choose from, there's sure to be something for everyone, no matter the budget.

Centrally located studio

846,00$

Studio apartment outside the city center

695,80$

Three-Bedroom Apartment in the City Center

2.063,65$

Three-Bedroom Apartment Outside the City

1.502,53$

If you've been thinking about buying property in the Bahamas, you can be glad you did. With a variety of purchasing and ownership options, there is something that fits your budget, from buying a beachfront property to investing in a long-term rental property. First-time home buyers will find a multitude of entry-level homes, single-family homes, and villas at competitive prices, and international buyers can take advantage of special offers and financing for larger investments.

For those looking for the ultimate home of luxury and elegance, there are condominiums in some of the most exclusive areas and resorts in the Bahamas. No matter what you're looking for in terms of style and price, the Bahamas has options for all types of homebuyers, making it the perfect location for your new home or rental investment.

Price per meter²Buying an apartment in the city center

1.377,06$

Price per meter²Buying an apartment outside the city center

1.013,50$

Cost of Living in Bahamas Cities