Cost of Living in The Cayes
Summary: Understanding the the cost of living in The Cayes helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.
Apartment Rentals | Rent for a one-bedroom apartment in the city center of The Cayes is around $400 USD per month. Rent for a three-bedroom apartment in the city center is around $800 USD per month. Rent for a one-bedroom apartment outside of the city center is around $300 USD per month. Rent for a three-bedroom apartment outside of the city center is around $600 USD per month. |
Apartment Purchases | The cost of purchasing a one-bedroom apartment in the city center of The Cayes is around $50,000 USD. The cost of purchasing a three-bedroom apartment in the city center is around $100,000 USD. The cost of purchasing a one-bedroom apartment outside of the city center is around $40,000 USD. The cost of purchasing a three-bedroom apartment outside of the city center is around $80,000 USD. |
Transportation | The cost of public transportation in The Cayes is around $1 USD per ride. The cost of a taxi ride in The Cayes is around $5 USD. The cost of a gallon of gasoline is around $4 USD. |
Groceries | The cost of basic groceries in The Cayes is relatively inexpensive. A loaf of bread is around $1 USD, a dozen eggs is around $2 USD, a gallon of milk is around $3 USD, and a pound of chicken is around $4 USD. |
Restaurants | The cost of eating out in The Cayes is relatively inexpensive. A meal at a fast food restaurant is around $5 USD, a meal at a mid-range restaurant is around $10 USD, and a meal at a high-end restaurant is around $20 USD. |
Utilities | The cost of utilities in The Cayes is relatively inexpensive. The cost of electricity is around $50 USD per month, the cost of water is around $20 USD per month, and the cost of internet is around $30 USD per month. |
Private School Tuition | The cost of private school tuition in The Cayes is relatively inexpensive. The cost of preschool tuition is around $200 USD per month, the cost of elementary school tuition is around $400 USD per month, the cost of middle school tuition is around $600 USD per month, and the cost of high school tuition is around $800 USD per month. |
Monthly Budget for Retirees in The Cayes
"The cost of living in The Cayes is generally considered to be quite affordable. Basic necessities such as food, transportation, and utilities are relatively inexpensive, while housing costs can vary depending on the location and type of accommodation. Eating out is also relatively inexpensive, with a meal for two at a mid-range restaurant costing around $25. Overall, the cost of living in The Cayes is quite reasonable, making it an attractive destination for those looking for a budget-friendly holiday," said one expat living in The Cayes.
Can I live in The Cayes on $1,500 a month?
"I've been living in The Cayes for a while now, and I can tell you that it's possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable place to live. I recommend looking for a rental in neighborhoods like San Pedro or Caye Caulker, where you can find a decent apartment or house for around $500 to $800 a month. Avoid more expensive areas like Ambergris Caye or Placencia, as the cost of living there can be significantly higher.Next, you'll need to be mindful of your utility costs. Electricity can be quite expensive in Belize, so try to use energy-efficient appliances and be conscious of your usage. Water is also costly, so be sure to conserve where you can. You might also want to consider using a prepaid cell phone plan to save on communication costs.Transportation can be another significant expense, especially if you need to travel between islands frequently. To save money, consider using public transportation like water taxis or buses, which are relatively affordable. Owning a car in Belize can be expensive due to import taxes and high gas prices, so it's best to avoid that if possible.When it comes to food, you'll need to adjust your expectations a bit. Imported goods can be quite expensive, so try to stick to local produce and products as much as possible. Shopping at local markets and cooking at home can help you save a lot on your food budget. Eating out can be affordable if you stick to local eateries, but avoid high-end restaurants and touristy spots, as they can be quite pricey.Finally, you'll need to be mindful of your entertainment and leisure expenses. While there are plenty of free or low-cost activities to enjoy in The Cayes, like swimming, snorkeling, and exploring the beautiful surroundings, you'll need to be careful not to overspend on things like alcohol, guided tours, or other tourist activities.In summary, living comfortably on $1,500 a month in The Cayes, Belize is possible, but you'll need to be mindful of your expenses and make some sacrifices. By choosing an affordable neighborhood, conserving utilities, using public transportation, shopping locally, and being mindful of your leisure expenses, you can make it work," commented an expat living in The Cayes.
Can I live in The Cayes on $3,500 a month?
"I've been living in The Cayes for a while now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, but you'll have to make some adjustments and sacrifices. First, you'll need to choose an affordable neighborhood. I'd recommend looking into areas like San Pedro or Caye Caulker, as they tend to be more budget-friendly. Avoid neighborhoods like Ambergris Caye, as they can be quite expensive.One of the sacrifices you'll have to make is adjusting to the slower pace of life here. Things don't move as quickly as they do in more developed countries, so you'll need to be patient when it comes to getting things done. Additionally, while you'll have access to most modern amenities, they might not be as reliable or as high-quality as you're used to. For example, internet service can be spotty, and power outages are not uncommon.Another thing to consider is transportation. Owning a car can be expensive, so many expats opt for bicycles, golf carts, or scooters to get around. Public transportation is also available, but it's not as efficient or reliable as in more developed countries.When it comes to groceries and dining out, you'll find that local produce and seafood are quite affordable, but imported goods can be pricey. To save money, try to shop at local markets and eat at local restaurants instead of relying on imported products and dining at touristy spots.Healthcare is another area where you might need to make some adjustments. While there are clinics and hospitals in The Cayes, they might not offer the same level of care as you're used to. Many expats choose to travel to Belize City or even back to their home country for more serious medical issues.Overall, living in The Cayes on $3,000 a month is doable, but you'll need to be flexible and willing to adapt to a different way of life. Embrace the local culture, be patient with the slower pace, and enjoy the natural beauty of the area, and you'll find that it's a great place to call home," said one expat living in The Cayes.
Can I live in The Cayes on $5,000 a month?
"I've been living in The Cayes for a while now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, especially if you're used to modern amenities. However, there are some sacrifices you might have to make to ensure you stay within your budget.Firstly, you'll need to choose the right neighborhood. Some areas in The Cayes can be quite expensive, like San Pedro and Ambergris Caye, where the cost of living is higher due to the popularity among tourists and expats. I'd recommend looking into more affordable neighborhoods like Caye Caulker or some of the smaller, less developed islands in the area. These places still offer a good quality of life, but at a more reasonable cost.One of the sacrifices you might have to make is in terms of housing. While you can find modern, well-equipped homes in The Cayes, they tend to be more expensive. To stay within your budget, you might have to settle for a more modest home or apartment, which might not have all the amenities you're used to. However, you can still find comfortable and clean accommodations that will suit your needs.Another area where you might have to make some adjustments is in your transportation. While there are taxis and water taxis available, they can be quite expensive, especially if you use them frequently. To save money, consider using a bicycle or even walking for shorter distances. This will not only help you stay within your budget but also allow you to enjoy the beautiful surroundings and get some exercise.Eating out can also be quite expensive in The Cayes, especially in the more touristy areas. To save money, try cooking at home more often and shopping at local markets for fresh produce and seafood. You can still enjoy the local cuisine by eating at smaller, less touristy restaurants or street food vendors, which tend to be more affordable.In terms of entertainment and activities, there are plenty of affordable options in The Cayes. You can enjoy the beautiful beaches, go snorkeling or diving, or explore the nearby nature reserves and parks. While some activities, like guided tours or boat rentals, can be expensive, there are still plenty of budget-friendly options to keep you entertained.Overall, living in The Cayes, Belize on $5,000 a month is definitely doable, but you'll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing a more affordable neighborhood, being conscious of your transportation and dining choices, and finding budget-friendly activities, you can enjoy a comfortable and fulfilling life in this beautiful part of the world," commented an expat living in The Cayes.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Best Markets in The Cayes
- 7 Tips for Living in The Cayes
- Pros & Cons of Living in The Cayes
- Cost of Living in The Cayes
- Health Care in The Cayes
- Discovering the Best of The Cayes
- Healthcare & Health Insurance in Belize
- Best Places to Live in Belize
- Real Estate in Belize
- How to Buy a Home in Belize
- What It's Like Living in The Cayes
- Pros and Cons of Living in Belize 2024
- 2024 Guide to Moving to Belize