Cost of living in New Providence

New Providence, the most populous island in the Bahamas, is a vibrant hub of culture and commerce. Understanding the cost of living here is crucial for anyone considering a move or planning an extended stay.This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you budget effectively for life in this tropical paradise.

Cost of Living Summary

Dining and Restaurants
  • Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $28.5 on average, with a range between $6 and $75.
  • Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $120, with prices ranging from $115.45 to $150.
  • Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $9.75, with a range between $9.5 and $10.
  • Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer ranges from $3.5 to $15, imported beer $4.5 to $5, cappuccino $4 to $9, and Coke/Pepsi $1.75 to $6.
Grocery Prices
  • MilkMilk is priced at $3.85 per liter.
  • Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $4 and $4.41, with an average price of $4.2.
  • Eggs (Dozen)A dozen eggs are consistently priced at $3.
  • Fruits (e.g., Apples, Oranges)Apples cost $1.48 to $3.95 per kg, while oranges range from $1.96 to $3.95 per kg.
  • Vegetables (e.g., Potatoes, Lettuce)Potatoes are priced between $2.18 and $4.39 per kg, and lettuce costs $2.15 to $2.99 per head.
Transportation
  • Public Transport (One-Way Ticket)A one-way local transport ticket costs between $1.25 and $2.5.
  • Fuel (Gasoline)Gasoline is priced at $1.12 per liter.
  • Taxi FaresTaxi fares for one hour of waiting are priced at $60.
Housing Costs
  • 3-Bedroom Apartment Rent (Outside Centre)Rent for a 3-bedroom apartment outside the centre is $4500.
Utilities
  • Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost $330.
  • InternetInternet services average $52.

Cost of Living Data

The following pricing data has been gathered from 6 user contributions, as of the most recent update in September, 2024.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$28.50
Meal for 2 People, Mid-range Restaurant, Three-course
$120.00
McMeal at McDonalds (or Equivalent Combo Meal)
$9.75
Domestic Beer (0.5 liter draught)
$3.50
Imported Beer (0.33 liter bottle)
$4.75
Coke/Pepsi (0.33 liter bottle)
$3.75
Water (0.33 liter bottle)
$3.12
Cappuccino (regular)
$6.82
Markets
Avg / Range
Milk (regular), (1 liter)
$3.85
Loaf of Fresh White Bread (500g)
$4.20
Eggs (regular) (12)
$3.00
Local Cheese (1kg)
$9.03
Water (1.5 liter bottle)
$2.00
Bottle of Wine (Mid-Range)
$27.50
Domestic Beer (0.5 liter bottle)
$3.57
Imported Beer (0.33 liter bottle)
$3.50
Cigarettes 20 Pack (Marlboro)
$8.99
Chicken Fillets (1kg)
$12.08
Apples (1kg)
$2.71
Oranges (1kg)
$2.95
Potato (1kg)
$3.28
Lettuce (1 head)
$2.57
Rice (white), (1kg)
$6.06
Tomato (1kg)
$3.28
Banana (1kg)
$2.74
Onion (1kg)
$3.15
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$13.12
Transportation
Avg / Range
One-way Ticket (Local Transport)
$1.88
Gasoline (1 liter)
$1.12
Taxi 1hour Waiting (Normal Tariff)
$60.00
Rent Per Month
Avg / Range
Apartment (3 bedrooms) Outside of Centre
$4,500.00
Utilities (Monthly)
Avg / Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$330.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$52.00
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$1,029.00
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
6.5%
Childcare
Avg / Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$350.00
International Primary School, Yearly for 1 Child
$3,800.00
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