Cost of Living in Bahamas

Last updated on Nov 27, 2021

Summary: What is the cost of living in Bahamas? Expats, digital nomads and retirees living in Bahamas talk about the general living costs, the cost of housing and health insurance.

Is the cost of living in Bahamas high?

We asked people how much they someone comfortably live on in Bahamas, they wrote:

"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 another person in Coral Harbour.

"This is of course a loaded question as it depends on your personal level of comfort. As mentioned above there are billionaires living here and so they live a much higher living standard then your average retired couple. We also have teacher friends that are living here on their salaries in 1/12 apartments but living well and going out with friends so if you have enough income to get a permit to reside you can find a way to live here within that means," remarked another expat in New Providence.

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Expat Health Insurance in Bahamas

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About the Author

Betsy Burlingame is the Founder of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Some of Betsy's more popular articles include 12 Best Places to Live in Italy, 12 Things to Know Before Moving to The Dominican Republic and the Living in Panama Guide. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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