Cost of Living in Great Guana Cay, Bahamas

"The cost of living in Great Guana Cay is considered to be relatively high. This is largely due to the fact that most goods and services need to be imported, which increases their cost. Groceries, for instance, can be quite expensive, with prices significantly higher than what one might find in the United States or Canada. Eating out can also be costly, with meals at restaurants often priced higher than their North American counterparts. However, local food stalls and smaller eateries can offer more affordable options. Housing is another major expense. Rental prices can vary greatly depending on the size and location of the property, but are generally on the higher end. Buying property can also be quite expensive, particularly for beachfront or ocean view homes. Utilities such as electricity and water can also be costly, as can internet and cable services. Gasoline for vehicles and boats is another significant expense, as are maintenance and repair costs for these. Despite these costs, many people find the beauty and tranquility of Great Guana Cay to be worth the expense. It's important to note that while the cost of living can be high, there are also no income, capital gains, or inheritance taxes in the Bahamas, which can offset some of these expenses for residents," remarked one expat in Great Guana Cay.