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New Providence, Bahamas

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By Betsy Burlingame

Last updated on May 08, 2023

Summary: People describe New Providence, Bahamas as a vibrant and beautiful island paradise. Expats love the laid-back atmosphere, the stunning beaches, and the friendly locals. The weather in New Providence is typically warm and sunny, with temperatures ranging from the mid-70s to the mid-80s Fahrenheit. The average cost of living for an expat is estimated to be around $2,000 to $3,000 per month. The cost of a one bedroom apartment is typically around $1,000 to $1,500 per month, while a two bedroom apartment can range from $1,500 to $2,500 per month. The approximate population of New Providence is around 250,000 people.

What do I need to know about living in New Providence?

When we asked people what advice they would give someone preparing to move to New Providence, they said:

"Before retiring in New Providence, it is important to become familiar with the cost of living in the area, consider health care options, review the country's taxation policies, understand the visa requirements, research the availability of activities and amenities, and familiarize yourself with the local culture, transportation options, and climate. It is also important to take into account any special needs you or your family might have and to research the availability of any public or private services or benefits. Additionally, if you plan to open a business or purchase property in New Providence, it is essential to research the applicable laws and regulations," remarked one expat who made the move to New Providence.

"Really take a close look at the cost of living before deciding. Everything is much more expensive here then it would be in most parts of the world. As an example a car here will cost about double the value in the USA. If you import it they add 75-80% duty on the value they determine (along with all the freight costs it quickly gets to 100% on top of the value) and if you purchase here the prices are already about double the price in the USA to begin with. Rent, Water and electricity are also very expensive here. This is not a location you would come to in order to lower your cost of living and "stretch" your salary but if you can afford the high cost of living the weather, beaches and people are quite inviting," explained one expat living in New Providence, Bahamas.

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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.

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