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 Meal - A 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
- Milk - Milk 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 Fares - Taxi 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.
- Internet - Internet services average $52.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
New Providence offers a diverse range of dining options, with prices varying significantly based on the type of restaurant.
Grocery prices are relatively high, reflecting the island's reliance on imports.
Transportation costs are moderate, with affordable public transport and reasonable fuel prices.
Housing is a significant expense, particularly for larger apartments outside the city centre.
Utilities and internet services are moderately priced, contributing to the overall cost of living.
Conclusion
Living in New Providence, Bahamas, presents a unique blend of tropical lifestyle and modern amenities. While some costs, such as dining and groceries, can be high, the island offers a range of options to suit different budgets.
Understanding these expenses is key to managing your finances effectively and enjoying all that New Providence has to offer.