Cost of Living in Bahamas
Tropical tax haven offering a luxurious island lifestyle close to the US, perfect for high-net-worth individuals.
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Average cost per month
Distribution of Expenses
Island hopping & diving
Clear waters & coral archipelagos
Exclusive; tourism-driven economy
Cost of living breakdown for Bahamas
You can expect to spend around £2,623 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
Bahamas average costs for food and drink.
Salary & Services
Bahamas average salaries and services.
Average living costs in Bahamas
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £882.76 | £406.10 - £1,845.91 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £972.79 | £443.02 - £1,624.40 |
| 3 Bedroom Apartment in City CentreRent Per Month | £2,950.28 | £2,045.26 - £4,060.99 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £2,757.78 | £2,141.25 - £3,322.63 |
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Frequently asked questions
The cost of living in Bahamas depends on your lifestyle and location. On average, a single person needs £1,523 per month without rent, while a family of four requires £5,381. Renting a 1-bedroom apartment in the city centre costs an additional £883 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Bahamas costs £2. If you are commuting regularly, a monthly pass is typically priced at £111.
The average monthly net salary (after tax) in Bahamas is currently £1,807.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Bahamas costs approximately £31, while a three-course meal for two people at a mid-range restaurant costs around £111.
The estimated monthly cost of living in Bahamas for a single person is £1,523, excluding rent.
For a family of four living in Bahamas, the estimated monthly costs are £5,381, not including rent.
Rent prices in Bahamas depend on location. The average monthly rent for a 1-bedroom apartment in a city centre is £883, compared to £973 outside the centre. For a 3-bedroom apartment, the average is £2,950 in city centres and £2,758 in suburban areas.
Basic utilities in Bahamas (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £210 per month. Internet access typically adds another £68.