An Expat Talks about Moving to Most of the answers on this forum are from people living on New Providence. Look at other islands. You don't need to live in a gated community on Grand Bahama Island. Rent is reasonable compared to large urban areas in the US. The biggest difference is the taxes. No Income tax, no real estate tax (to a point), no inheritance tax. The VAT (10%) is about what most people pay for sales tax in the US. Duty on imported goods can be high, but that is the only downside that I have encountered., Bahamas
Are your housing costs higher or lower than they were in your home country? What is the average cost of housing there?
Most of the answers on this forum are from people living on New Providence. Look at other islands. You don't need to live in a gated community on Grand Bahama Island. Rent is reasonable compared to large urban areas in the US. The biggest difference is the taxes. No Income tax, no real estate tax (to a point), no inheritance tax. The VAT (10%) is about what most people pay for sales tax in the US. Duty on imported goods can be high, but that is the only downside that I have encountered.
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