Is the cost of living in Bimini high?

"The cost of living in Bimini is considered to be relatively high compared to other places. This is largely due to the fact that most goods and services have to be imported, which increases their cost. Housing is one of the most significant expenses, with rental prices being quite high, especially for properties close to the beach or in popular tourist areas. Utilities such as electricity and water are also quite expensive, as are internet and cable services. Food and groceries are another major expense, with prices being significantly higher than in many other countries due to import costs. Eating out at restaurants can also be quite costly, especially at high-end establishments. Transportation costs can vary, depending on the mode of transport. Owning a car can be expensive due to the cost of importing vehicles and high fuel prices. However, many residents choose to get around by boat, which can also be costly due to maintenance and fuel costs. Healthcare is another significant expense, with private healthcare services being quite costly. However, the government provides some healthcare services for free or at a reduced cost. Despite the high cost of living, many people choose to live in Bimini for its beautiful beaches, relaxed lifestyle, and friendly community," said a member in Bimini, Bahamas.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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