How Much Does It Cost to Live in the Bahamas? Complete 2025 Cost Breakdown

The Bahamas is one of the most beautiful places in the world — famous for turquoise waters, warm weather year-round, friendly locals, and a relaxed lifestyle that attracts retirees, remote workers, and families looking for a slower pace of life.

But before you dream too far ahead into island living, one important question comes first:

How much does it cost to live in the Bahamas?

The answer: living in the Bahamas is expensive, generally higher than the average U.S. cost of living. Almost everything—from groceries to utilities—is more costly due to import taxes and the challenges of transporting goods to islands.

This guide by Van Lines Move breaks down every major expense so you can make an informed decision before relocating.

Overview: Is the Bahamas an Expensive Place to Live?

Yes. The Bahamas is considered a high-cost destination, especially in Nassau, Paradise Island, and Grand Bahama. The cost of living can be 20%–80% higher than most U.S. cities, depending on lifestyle.

But many people still find it affordable enough because:

• There is no income tax
• Property taxes are low
• The lifestyle is simpler and outdoor-focused
• Healthcare is decent for the region
• Climate is ideal year-round
• The Bahamas offers residency options for expats and retirees

If you plan well and choose the right island, living costs can be manageable. Here you can check the moving cost.

Housing Costs in the Bahamas

Housing is usually the largest living expense, especially near Nassau.

Average Rent (Monthly)

Luxury apartments or beachfront villas can easily reach $6,000 – $12,000 per month.

Home Purchase Costs

• Standard home: $350,000 – $800,000
• Beachfront home: $1 million – $5+ million
• Condos in Nassau: $250,000 – $500,000

If you want lower housing costs, consider islands like:

• Eleuthera
• Exuma
• Abaco
• Long Island

These can cost 20–40% less.

Food & Grocery Costs

Groceries are expensive because 90%+ of food is imported.

Average Monthly Grocery Cost

• Single person: $450 – $700
• Family of 4: $1,200 – $1,600

Common Item Prices

Eating out is also pricey:

• Inexpensive restaurant: $15 – $25
• Mid-range restaurant: $60 – $80 for two
• Tourist restaurants: $100–$150+

Utilities Cost

Utilities depend on island and home size. Electricity is one of the highest expenses.

Average Monthly Costs

• Electricity: $180 – $350 (higher if you run AC often)
• Water: $30 – $70
• Gas: $15 – $25 per tank
• Internet: $70 – $120

Air conditioning alone can add $150 – $300 per month.

ransportation Costs

Getting around the Bahamas isn’t cheap because fuel is imported.

Fuel Prices

• Gasoline: $5.20 – $6.00 per gallon

Car Ownership

Cars are more expensive:

• Used car: $10,000 – $18,000
• New car: $30,000 – $50,000

Insurance ranges: $900 – $1,200 per year

Public transport is limited but cheap:

• Bus ("jitney"): $1.25 – $2.50

Taxis are expensive:

• Short ride: $12–$20
• Airport to downtown: $40–$60

Healthcare Costs

Healthcare in the Bahamas is good for routine care but expensive.

Average Costs

• Doctor visit: $70 – $120
• Specialist: $100 – $180
• Private hospital visit: $300–$600

Expats often buy private insurance costing:

• $200 – $350 per month for individuals
• $450 – $800 per month for families

Lifestyle & Entertainment Costs

Lifestyle varies, but here are typical expenses:

• Gym membership: $60 – $120/month
• Movie ticket: $12 – $18
• Boat excursions: $80 – $180
• Beer: $3 – $7
• Wine (imported): $15 – $40

Entertainment is often outdoor-focused:

• Swimming
• Snorkeling
• Beach walks
• Fishing
• Island exploration

These activities are free or low-cost, balancing out other expenses.

Education Costs

Public schools are free for residents. International schools are expensive:

• $8,000 – $15,000 per year (primary)
• $15,000 – $22,000 per year (secondary)

Estimated Total Monthly Cost to Live in the Bahamas

Single Person

Family of 4

Pros & Cons of Living in the Bahamas

✔ Pros

• No income tax
• Stunning beaches and weather
• Friendly culture
• Relaxed lifestyle
• Close to the U.S.
• Great expat community

✘ Cons

• High import taxes
• Expensive groceries
• Limited healthcare options
• Storm risk (hurricanes)
• Higher transportation costs
• Expensive rent in Nassau

Should You Move to the Bahamas?

If you value sunshine, outdoor living, and a relaxed lifestyle—and can manage a higher cost of living—the Bahamas is a wonderful place to call home. Proper budgeting and choosing the right island can make the experience even more affordable.

And if you're planning an international move, Van Lines Move can help with packing, shipping, customs support, and door-to-door relocation services.