Cost of Living in Paradise Island, Bahamas

Last updated on Apr 17, 2023

Summary: The cost of living in Paradise Island, Bahamas is generally considered to be higher than in other parts of the Bahamas. A nice 1 bedroom apartment in Paradise Island can cost anywhere from $1,500 to $2,500 per month, while a nice 2 bedroom apartment can cost anywhere from $2,500 to $3,500 per month. The cost of dinner at a moderately priced restaurant in Paradise Island can range from $20 to $50 per person.

Is the cost of living in Paradise Island high?

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

"The cost of living in Paradise Island is relatively high compared to other locations. This is due to its status as a popular tourist destination and its proximity to the capital city of Nassau. Housing and rental prices are quite expensive, especially in upscale neighborhoods and beachfront properties. Groceries and dining out can also be pricey, as many items are imported and subject to import taxes. Utilities, such as electricity and water, are also costly due to the island's reliance on imported fuel for power generation. Transportation costs, including taxis and car rentals, can add up quickly, especially for those who frequently travel between Paradise Island and Nassau. Overall, living in Paradise Island can be quite expensive, particularly for those who wish to maintain a high standard of living," explained one expat living in Paradise Island.

"The cost of living in Paradise Island varies depending on the individual's lifestyle. Generally speaking, it can be costly compared to other locations in the world, although the cost of living is not prohibitively high," said one expat in Paradise Island.

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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.