Updated:
Are you considering a move to Freeport, Bahamas, and wondering about the cost of living? Freeport is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Freeport and help you understand whether $2708 per month is moderately priced, given the average monthly salary of $1566.67.
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
20.0 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
80.0 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
8.0 $ |
|
|
Domestic Beer (1 pint draught) |
3.5 $ |
|
|
Imported Beer (12 oz small bottle) |
5.0 $ |
|
|
Cappuccino (regular) |
3.88 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
1.94 $ |
|
|
Water (12 oz small bottle) |
1.5 $ |
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
2.17 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
3.28 $ |
|
|
Rice (white), (1 lb) |
5.14 $ |
|
|
Eggs (regular) (12) |
5.06 $ |
|
|
Local Cheese (1 lb) |
7.81 $ |
|
|
Chicken Fillets (1 lb) |
7.34 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
18.02 $ |
|
|
Apples (1 lb) |
3.4 $ |
|
|
Banana (1 lb) |
2.7 $ |
|
|
Oranges (1 lb) |
-- |
|
|
Tomato (1 lb) |
4.86 $ |
|
|
Potato (1 lb) |
3.75 $ |
|
|
Onion (1 lb) |
2.6 $ |
|
|
Lettuce (1 head) |
3.5 $ |
|
|
Water (1.5 liter bottle) |
2.25 $ |
|
|
Bottle of Wine (Mid-Range) |
12.0 $ |
|
|
Domestic Beer (0.5 liter bottle) |
4.17 $ |
|
|
Imported Beer (12 oz small bottle) |
4.5 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
10.5 $ |
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
1.75 $ |
|
|
Monthly Pass (Regular Price) |
-- |
|
|
Taxi Start (Normal Tariff) |
3.0 $ |
|
|
Taxi 1 mile (Normal Tariff) |
-- |
|
|
Taxi 1hour Waiting (Normal Tariff) |
-- |
|
|
Gasoline (1 gallon) |
1.47 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
-- |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
35000.0 $ |
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
195.75 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
59.33 $ |
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
41.67 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
-- |
|
|
Cinema, International Release, 1 Seat |
-- |
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
330.0 $ |
|
|
International Primary School, Yearly for 1 Child |
5800.0 $ |
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
51.67 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
27.5 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
118.33 $ |
|
|
1 Pair of Men Leather Business Shoes |
103.33 $ |
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
1183.33 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
1300.0 $ |
|
|
Apartment (3 bedrooms) in City Centre |
1600.0 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
2433.33 $ |
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
-- |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
-- |
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
1566.67 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
10.38 % |
|
The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 20.0 USD, while a three-course dinner for two at a mid-range restaurant generally costs 80.0 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 2.17 USD, a loaf of bread 3.28 USD, and a dozen eggs approximately 5.06 USD.
Public transport is relatively affordable, with a single trip priced at about 1.75 USD and a monthly pass around None USD. If you plan to use public transit regularly, these passes offer great value.
For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 195.75 USD.
For those interested in fitness and leisure, a monthly gym membership averages around 41.67 USD, while an hour on a tennis court on weekends costs about None USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 330.0 USD. For international schooling options, annual tuition can reach approximately 5800.0 USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 51.67 USD, and mid-range Nike sneakers are priced around 118.33 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging 1183.33 USD per month, while one outside the center costs around 1300.0 USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly None USD, while in the suburbs, it's closer to None USD.
The average monthly net salary here is about 1566.67 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 10.38% annually.
The monthly expenses for living in Freeport come to a total of approximately $2708. This includes an average monthly rent of around $1183 for a one-bedroom apartment in the city center, along with utilities costing about $225 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $683 per month.
Living in Freeport appears to be relatively budget-friendly when considering the average monthly income of $1566.67. However, to enjoy a comfortable standard of living in Freeport, you would likely need an income exceeding $1566.67.
In Freeport, the average monthly post-tax salary hovers around $1566.67, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Freeport is approximately $1183. If you're open to living in a location outside the city center, you can expect to pay around $1300.0 for such an apartment.
The expense for groceries in Freeport can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $639 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in Bahamas can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout Bahamas.
Freeport, Bahamas
Freeport can only be safe for travelers if you carefully follow safety rules. Do not leave things unattended, keep the car closed and park in secure parking lots. Always be mindful of your surroundings.
It is preferable to use taxi services or your car. Call only licensed taxi services and make sure that the driver has turned on the taximeter. If you are traveling in a rented car, be careful on the road - often, it can be in poor condition with potholes, and traffic can be aggressive.
Pickpockets are often found on the streets of Freeport. Usually, their goal is the pockets and bags of gape tourists. Also, be careful if an outsider asks for your help or offers help. Most likely, it will be a pickpocket.
The Bahamas are highly prone to natural disasters, especially hurricanes. Over the past 50 years, 18 hurricanes have hit its territory. Before you travel to Freeport, you should study the weather conditions and tourist recommendations.
Armed robbery is perhaps one of the biggest problems in Freeport. As in all of the Bahamas. Attackers can attack you in parking lots at your hotel or home. If you were attacked, give everything that you are asked to save your life. Then contact the police immediately.
Although the recent history of terrorism in the Bahamas does not exist, the possibility of attacks cannot be ruled out. Avoid political demonstrations and large gatherings of people. Explore the island’s political environment before you travel here.
The main types of fraud in Freeport are nonexistent excursions when they take money from you in advance, but they don’t have anywhere to go. Overpriced prices for souvenirs, magnets, jewels, and other garbage. Do not buy it. Unlicensed taxi services can also cheat on the cost of the trip. Also, sometimes scammers may demand money from you for entering the beach, which is free. Be careful with these types of scams.
Freeport is not the safest place for single travelers. If you walk alone late at night, local men may annoy you. If you travel alone, use only licensed taxi services and always sit behind the driver.
Visitors to The Bahamas must obtain a visa from one of the Bahamian diplomatic missions or British diplomatic missions unless they come from one of the visa-exempt countries. A valid passport is a must.
The Bahamian dollar is the official currency of The Bahamas. It has a sign: $ and a code: BSD. It is usually abbreviated with the dollar sign $, or B$, to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
The best times to visit Freeport for ideal weather are November to April. Average temperatures in Freeport vary somewhat, and the weather feels hot for about half of the year and otherwise nice with a fair chance of precipitation about half of the year.
Grand Bahama International Airport is a privately owned international airport in Freeport, Bahamas. The airport is located 7 km from the city center. The airport handles international and domestic flights.
The travel insurance policy is a must when visiting a foreign country. Make sure you got it before starting your journey, the customs officer may ask for it.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 75°F | 75°F | 76°F | 78°F | 81°F | 85°F | 87°F | 88°F | 86°F | 83°F | 79°F | 76°F |
| Temp | 70°F | 71°F | 72°F | 75°F | 78°F | 81°F | 83°F | 84°F | 83°F | 80°F | 76°F | 72°F |
| Low | 66°F | 66°F | 68°F | 71°F | 75°F | 78°F | 80°F | 80°F | 79°F | 76°F | 72°F | 68°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 23°C | 23°C | 24°C | 25°C | 27°C | 29°C | 30°C | 31°C | 30°C | 28°C | 26°C | 24°C |
| Temp | 21°C | 21°C | 22°C | 23°C | 25°C | 27°C | 28°C | 28°C | 28°C | 26°C | 24°C | 22°C |
| Low | 18°C | 18°C | 20°C | 21°C | 23°C | 25°C | 26°C | 26°C | 26°C | 24°C | 22°C | 20°C |