Paradise Island, located in the Bahamas, is renowned for its stunning beaches and luxurious lifestyle. Understanding the cost of living here is crucial for anyone considering a move or extended stay.This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
Inexpensive Restaurant MealA 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 $150, 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
MilkMilk is priced between $2.11 and $8 per liter, averaging $4.99.
Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $3 and $9.72, with an average price of $3.
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
Fuel (Gasoline)Gasoline is priced between $1.25 and $1.62 per liter.
Taxi FaresTaxi fares start at $6, with a cost of $3.11 per km and $100 per hour of waiting.
Car PurchaseA new Volkswagen Golf costs between $35,000 and $40,000, while a Toyota Corolla ranges from $38,000 to $43,500.
Housing Costs
3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre averages $5500.
Utilities
Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost between $200 and $400, averaging $200.
InternetInternet services range from $60 to $135, with an average cost of $100.
Cost of Living Data
The following pricing data has been gathered from 2 user contributions, as of the most recent update in November, 2024.
Restaurants
Avg / Range
Restaurants
Avg
Range
Meal, Inexpensive Restaurant
$40.00
Meal for 2 People, Mid-range Restaurant, Three-course
$150.00
McMeal at McDonalds (or Equivalent Combo Meal)
$10.00
Domestic Beer (0.5 liter draught)
$4.00
Imported Beer (0.33 liter bottle)
$6.00
Coke/Pepsi (0.33 liter bottle)
$2.18
Water (0.33 liter bottle)
$1.71
Cappuccino (regular)
$5.00
Markets
Avg / Range
Markets
Avg
Range
Milk (regular), (1 liter)
$4.99
Loaf of Fresh White Bread (500g)
$3.00
Eggs (regular) (12)
$7.38
Local Cheese (1kg)
$8.07
Water (1.5 liter bottle)
$2.88
Bottle of Wine (Mid-Range)
$20.00
Domestic Beer (0.5 liter bottle)
$3.83
Imported Beer (0.33 liter bottle)
$4.67
Cigarettes 20 Pack (Marlboro)
$11.00
Chicken Fillets (1kg)
$11.45
Apples (1kg)
$3.79
Oranges (1kg)
$4.65
Potato (1kg)
$4.71
Lettuce (1 head)
$2.83
Rice (white), (1kg)
$6.86
Tomato (1kg)
$5.30
Banana (1kg)
$2.90
Onion (1kg)
$3.28
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$19.33
Transportation
Avg / Range
Transportation
Avg
Range
Gasoline (1 liter)
$1.42
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$37,500.00
Taxi Start (Normal Tariff)
$6.00
Taxi 1km (Normal Tariff)
$3.11
Taxi 1hour Waiting (Normal Tariff)
$100.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$42,875.00
Rent Per Month
Avg / Range
Rent Per Month
Avg
Range
Apartment (3 bedrooms) in City Centre
$5,500.00
Utilities (Monthly)
Avg / Range
Utilities (Monthly)
Avg
Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$200.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$100.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$71.49
Sports And Leisure
Avg / Range
Sports And Leisure
Avg
Range
Fitness Club, Monthly Fee for 1 Adult
$130.00
Cinema, International Release, 1 Seat
$15.00
Clothing And Shoes
Avg / Range
Clothing And Shoes
Avg
Range
1 Pair of Jeans (Levis 501 Or Similar)
$67.50
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$76.67
1 Pair of Nike Running Shoes (Mid-Range)
$117.00
1 Pair of Men Leather Business Shoes
$120.00
Salaries And Financing
Avg / Range
Salaries And Financing
Avg
Range
Average Monthly Net Salary (After Tax)
$2,500.00
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
7.05%
Childcare
Avg / Range
Childcare
Avg
Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child