Cost of living in Freeport
Freeport, located in the Bahamas, is a vibrant city known for its beautiful beaches and lively culture. Understanding the cost of living in Freeport is crucial for anyone considering moving to or visiting this tropical paradise.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $22.5 on average, with a range between $15 and $60.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $100, with prices ranging from $75 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $8 and $13.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $5, imported beer $7 to $8, cappuccino $3 to $7, and Coke/Pepsi $1.5 to $3.
Grocery Prices
- Milk - Milk is priced between $1.65 and $3 per liter, averaging $2.17.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.5 and $4, with an average price of $3.77.
- Eggs (Dozen) - A dozen eggs range from $2.4 to $8, averaging $5.58.
- Fruits (e.g., Apples, Bananas) - Apples cost $5 per kg, while bananas range from $2 to $5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced at $4.5 per kg, and lettuce costs $2.5 to $4 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.5.
- Fuel (Gasoline) - Gasoline is priced between $1.42 and $1.68 per liter.
- Taxi Fares - Taxi fares start at $3.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $500 to $2500, averaging $1183.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $500 to $2800, averaging $1300.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1000 to $3200, averaging $2100.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1000 to $3800, averaging $2433.33.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $137.24, averaging $118.62.
- Internet - Internet services range from $58 to $70, with an average cost of $64.
Cost of Living Data
The following pricing data has been gathered from 12 user contributions, as of the most recent update in October, 2024.
Restaurants
Restaurants
Avg
Range
Meal, Inexpensive Restaurant
$22.50
Meal for 2 People, Mid-range Restaurant, Three-course
$100.00
McMeal at McDonalds (or Equivalent Combo Meal)
$12.00
Domestic Beer (0.5 liter draught)
$4.50
Imported Beer (0.33 liter bottle)
$8.00
Coke/Pepsi (0.33 liter bottle)
$2.25
Water (0.33 liter bottle)
$1.63
Cappuccino (regular)
$5.50
Markets
Markets
Avg
Range
Milk (regular), (1 liter)
$2.17
Loaf of Fresh White Bread (500g)
$3.77
Eggs (regular) (12)
$5.58
Local Cheese (1kg)
$8.82
Water (1.5 liter bottle)
$1.88
Bottle of Wine (Mid-Range)
$12.00
Domestic Beer (0.5 liter bottle)
$3.39
Imported Beer (0.33 liter bottle)
$4.00
Cigarettes 20 Pack (Marlboro)
$12.00
Chicken Fillets (1kg)
$7.00
Apples (1kg)
$5.00
Potato (1kg)
$4.50
Lettuce (1 head)
$3.33
Rice (white), (1kg)
$4.67
Tomato (1kg)
$5.30
Banana (1kg)
$3.87
Onion (1kg)
$2.60
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$14.00
Transportation
Transportation
Avg
Range
One-way Ticket (Local Transport)
$1.50
Gasoline (1 liter)
$1.54
Taxi Start (Normal Tariff)
$3.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$35,000.00
Rent Per Month
Rent Per Month
Avg
Range
Apartment (1 bedroom) in City Centre
$1,183.33
Apartment (1 bedroom) Outside of Centre
$1,300.00
Apartment (3 bedrooms) in City Centre
$2,100.00
Apartment (3 bedrooms) Outside of Centre
$2,433.33
Utilities (Monthly)
Utilities (Monthly)
Avg
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$118.62
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$64.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$40.00
Sports And Leisure
Sports And Leisure
Avg
Range
Fitness Club, Monthly Fee for 1 Adult
$47.50
Clothing And Shoes
Clothing And Shoes
Avg
Range
1 Pair of Jeans (Levis 501 Or Similar)
$47.50
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$25.00
1 Pair of Nike Running Shoes (Mid-Range)
$95.00
1 Pair of Men Leather Business Shoes
$80.00
Salaries And Financing
Salaries And Financing
Avg
Range
Average Monthly Net Salary (After Tax)
$1,566.67
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
10.38%
Childcare
Childcare
Avg
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$370.00
International Primary School, Yearly for 1 Child
$8,000.00
Freeport Cost of Living
"Key Takeaways"
Freeport offers a diverse range of living costs, with dining and housing being significant expenses. While dining out can be pricey, grocery shopping provides more affordable options.
Transportation costs are relatively low, making it easier to navigate the city without a personal vehicle. Housing costs vary widely, offering options for different budgets.
Conclusion
In conclusion, Freeport presents a mixed cost of living landscape. While some aspects like transportation and groceries are affordable, dining and housing can be more expensive.
Potential residents should consider their lifestyle preferences and budget accordingly to make the most of living in this beautiful Bahamian city.
Freeport