A digital nomad dreaming of the Bahamas lifestyle should know that the single person’s cost of living in the Bahamas is estimated to be $1810.
This cost of living is 4% less expensive than in the United States.
Similarly, a family’s cost of living in the Bahamas comes to around $5119 and $4790 in the United States.
It is no surprise that the Bahamas ranks in the world’s top ten most expensive countries.
You will undoubtedly experience a higher cost of day-to-day expenses in the Bahamas.
While accommodation and transportation expenses are similar to that of the United States, other expenses in the Bahamas are undeniably on a higher scale.
If you lived in the UK instead of the Bahamas, you would pay 30% less for restaurants, 44% less for groceries, 22% less for housing, and around 10% more for transportation.
And for the United States, you would pay 21% less for restaurants, 8% less for groceries, 11% less for transportation, and 6% more for accommodation.
How expensive is accommodation in the Bahamas?
Digital nomads in the Bahamas can choose from a wide variety of housing options, from villas to apartments and hostels. In general, one person must afford to spend $876 for rent in the Bahamas.
Renting a 1-bedroom apartment in the Bahamas costs $1000 per month on average.
Similarly, the price for a 3-bedroom apartment starts at $2400 in city areas.
If you’re willing to rent outside the city center, you will have to pay a little more.
There is also an option for a townhouse rental; the price range is between $1,800 and $4000 per month.
If you are planning to buy houses in the Bahamas, there is good news for you: there are no restrictions to owning a house.
Expats and digital nomads should note that the country’s real state price is also high.
An apartment in the city center costs approximately $3,800 per square meter.
Is food expensive in the Bahamas?
The average cost of food in the Bahamas is $40 per day.
Expats and digital nomads should allocate at least $665 for monthly food expenses in the Bahamas.
An inexpensive dining experience in the Bahamas can cost $25 on average.
You will likely pay around $70 to $100 for a three-course meal for two persons at a mid-level restaurant.
A basic lunchtime menu can cost you around $38 in busy areas.
Similarly, a combo meal in fast food restaurant usually costs $15.
Groceries are arguably costly in the Bahamas. For example, you can buy a bottle of Coca-Cola for just $2.48. Similarly, 1 liter of milk costs $3.25.
If you love cheese, you can find it for around $4 per 500 grams.
And for fruits, you can buy them on a per kg basis for less than $5.
Is transportation expensive in the Bahamas?
Expats and digital nomads can expect to purchase a one-way ticket for a local bus for just $1.25.
A monthly public transport ticket is priced at around $55. So rest assured, public transportation is cheaper and budget-friendly.
A 1 liter of gasoline in the Bahamas costs $1.23 only.
If you intend to travel to the downtown area by taxi, the charge for a taxi trip is at least $2.2 per km.
Or you can buy a new car. Please be mindful that the price is higher than in the USA.
To give an idea of the price of a new car, you can buy a brand-new Volkswagen Golf for $30,000.
If you wish to know more about The Bahamas, you can read our article about the Digital Nomad Visa for The Bahamas.