Cost of Living in Barbados

Last updated on Dec 23, 2023

Summary: The cost of living in Barbados is generally considered to be high. A nice one bedroom apartment in Barbados can cost anywhere from $1,000 to $2,000 USD per month, while a nice two bedroom apartment can cost anywhere from $1,500 to $3,000 USD per month. The cost of dinner at a moderately priced restaurant in Barbados is usually around $30 USD per person.

Is the cost of living in Barbados high?

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

"The cost of living in Barbados is generally considered to be high, with prices for basic goods and services being comparable to those in the United States. Rent and utilities can be expensive, and the cost of food and transportation can also be quite high. However, the cost of living in Barbados is offset by the country's low income tax rate and the availability of affordable housing," wrote a person living in Barbados.

"This is a tricky question as it depends a lot on how much quality of life you are accustomed to. If you are the type that goes out and eats out often you will need considerably more then someone who prefers home cooked meals and having card nights with friends. I would suggest that you could live quite comfortably on $60,000 a year but that is very dependent on the person," explained one expat living in Clapham Ridge.

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About the Author

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.