Cost of living in Nassau
Nassau, the capital of the Bahamas, is a vibrant city known for its beautiful beaches and rich cultural heritage. Understanding the cost of living in Nassau is crucial for anyone considering moving to or visiting this tropical paradise.
This guide provides a detailed breakdown of the expenses you can expect in Nassau, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $40 on average, with a range between $20 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $200, with prices ranging from $100 to $250.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $8 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $15, imported beer $4 to $10, cappuccino $4 to $10, and Coke/Pepsi $1 to $4.
Grocery Prices
- Milk - Milk is priced between $2.11 and $8 per liter, averaging $5.12.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.31 and $9.72, with an average price of $5.17.
- Eggs (Dozen) - A dozen eggs range from $3 to $9.6, averaging $7.38.
- Fruits (e.g., Apples, Oranges) - Apples cost $2 to $13.23 per kg, while oranges range from $2.2 to $12 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.74 and $8.82 per kg, and lettuce costs $2 to $4 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.25 and $2, with a monthly pass priced between $30 and $60.
- Fuel (Gasoline) - Gasoline is priced between $1.25 and $1.62 per liter.
- Taxi Fares - Taxi fares start at $6, with a cost of $3.11 per km and $100 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $750 to $2700, averaging $1862.5.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1200 to $2200, averaging $1800.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1800 to $6000, averaging $3950.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2900 to $5000, averaging $3475.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $3000.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $250 to $2500, averaging $1348.55.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $200 and $400, averaging $326.
- Internet - Internet services range from $60 to $135, with an average cost of $104.29.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Nassau presents a relatively high cost of living, particularly in terms of dining and housing. The city offers a range of dining options, from casual to upscale, with prices reflecting its status as a popular tourist destination.
Grocery prices are notably high, with staples like milk and bread costing significantly more than in many other regions. Transportation is relatively affordable, with public transport and fuel prices being reasonable.
Housing costs vary widely, with city centre apartments commanding higher rents. Utilities and internet services are also on the higher side, contributing to the overall cost of living.
Conclusion
In conclusion, living in Nassau can be expensive, especially for those accustomed to lower costs in other regions. However, the city's unique charm and lifestyle offerings may justify the higher expenses for many.
Prospective residents should budget carefully, particularly for housing and groceries, and consider exploring local markets and transportation options to manage costs effectively.