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Hopetown in Elbow Cay, Bahamas

Cost of Living in Bahamas

By Betsy Burlingame

Last updated on Dec 24, 2023

Summary: The cost of living in the Bahamas is generally higher than in other parts of the world. A nice one bedroom apartment in the Bahamas can cost anywhere from $1,000 to $2,000 per month in US Dollars. A nice two bedroom apartment can cost anywhere from $1,500 to $3,000 per month in US Dollars. The cost of dinner at a moderately priced restaurant in the Bahamas can range from $20 to $50 per person in US Dollars.

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Is the cost of living in Bahamas high?

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

"The cost of living in the Bahamas can vary depending on where you choose to live. Generally, prices for food and utilities are on the higher side but other expenses, such as accommodation and transportation, are relatively affordable. Rent is typically high in larger cities and areas popular with tourists, but other areas are more affordable. In general, living in the Bahamas is more expensive than living in the US, but the country offers a unique lifestyle and a beautiful natural environment to enjoy," said one expat in Bahamas.

"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," wrote a person living in New Providence.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Hopetown in Elbow Cay, Bahamas

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