Cost of Living in Nassau, Bahamas

Updated:

NovoExpat

Are you considering a move to Nassau, Bahamas, and wondering about the cost of living? Nassau 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 Nassau and help you understand whether $3518 per month is moderately priced, given the average monthly salary of $2183.33.

Restaurants
Markets
Transportation
Childcare
Clothing
Rent Per Month
Buy Apartment
Salaries

Nassau, Bahamas

restaurant

Restaurants

Price

World Range

Meal, Inexpensive Restaurant

30.0 $

Meal for 2 People, Mid-range Restaurant, Three-course

115.0 $

McMeal at McDonalds (or Equivalent Combo Meal)

8.0 $

Domestic Beer (1 pint draught)

3.75 $

Imported Beer (12 oz small bottle)

7.0 $

Cappuccino (regular)

5.4 $

Coke/Pepsi (12 oz small bottle)

2.25 $

Water (12 oz small bottle)

2.07 $

store

Markets

Price

World Range

Milk (regular), (1 gallon)

4.8 $

Loaf of Fresh White Bread (1 lb)

5.23 $

Rice (white), (1 lb)

6.11 $

Eggs (regular) (12)

6.0 $

Local Cheese (1 lb)

8.07 $

Chicken Fillets (1 lb)

10.97 $

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

17.55 $

Apples (1 lb)

4.66 $

Banana (1 lb)

2.9 $

Oranges (1 lb)

4.65 $

Tomato (1 lb)

4.6 $

Potato (1 lb)

4.71 $

Onion (1 lb)

3.28 $

Lettuce (1 head)

2.83 $

Water (1.5 liter bottle)

3.04 $

Bottle of Wine (Mid-Range)

18.5 $

Domestic Beer (0.5 liter bottle)

3.84 $

Imported Beer (12 oz small bottle)

5.0 $

Cigarettes 20 Pack (Marlboro)

11.0 $

commute

Transportation

Price

World Range

One-way Ticket (Local Transport)

1.25 $

Monthly Pass (Regular Price)

45.0 $

Taxi Start (Normal Tariff)

6.0 $

Taxi 1 mile (Normal Tariff)

3.11 $

Taxi 1hour Waiting (Normal Tariff)

100.0 $

Gasoline (1 gallon)

1.67 $

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

37500.0 $

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

42875.0 $

mark_as_unread

Utilities (Monthly)

Price

World Range

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

302.28 $

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

--

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

91.88 $

kitesurfing

Sports And Leisure

Price

World Range

Fitness Club, Monthly Fee for 1 Adult

118.71 $

Tennis Court Rent (1 Hour on Weekend)

60.0 $

Cinema, International Release, 1 Seat

18.0 $

child_friendly

Childcare

Price

World Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

633.33 $

International Primary School, Yearly for 1 Child

13785.71 $

checkroom

Clothing And Shoes

Price

World Range

1 Pair of Jeans (Levis 501 Or Similar)

67.5 $

1 Summer Dress in a Chain Store (Zara, H&M, ...)

76.67 $

1 Pair of Nike Running Shoes (Mid-Range)

117.0 $

1 Pair of Men Leather Business Shoes

120.0 $

night_shelter

Rent Per Month

Price

World Range

Apartment (1 bedroom) in City Centre

1150.0 $

Apartment (1 bedroom) Outside of Centre

1214.29 $

Apartment (3 bedrooms) in City Centre

2879.25 $

Apartment (3 bedrooms) Outside of Centre

3175.0 $

home

Buy Apartment Price

Price

World Range

Price per Square Feet to Buy Apartment in City Centre

5575.0 $

Price per Square Feet to Buy Apartment Outside of Centre

1348.55 $

account_balance_wallet

Salaries And Financing

Price

World Range

Average Monthly Net Salary (After Tax)

2183.33 $

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

6.66 %

Cost of Living in Nassau, Bahamas Overview

Welcome! Here’s a guide to understanding the typical costs of living in Nassau, Bahamas , from dining out and groceries to housing and utilities. Use this overview to help plan your budget and make informed decisions about living expenses.

Dining Out

The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 30.0 USD, while a three-course dinner for two at a mid-range restaurant generally costs 115.0 USD.

Groceries

Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 4.8 USD, a loaf of bread 5.23 USD, and a dozen eggs approximately 6.0 USD.

Transportation

Public transport is relatively affordable, with a single trip priced at about 1.25 USD and a monthly pass around 45.0 USD. If you plan to use public transit regularly, these passes offer great value.

Utilities

For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 302.28 USD.

Sports and Recreation

For those interested in fitness and leisure, a monthly gym membership averages around 118.71 USD, while an hour on a tennis court on weekends costs about 60.0 USD.

Childcare and Education

Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 633.33 USD. For international schooling options, annual tuition can reach approximately 13785.71 USD.

Clothing and Footwear

Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 67.5 USD, and mid-range Nike sneakers are priced around 117.0 USD.

Apartment Rentals

Rental prices depend on location, with a one-bedroom apartment in the city center averaging 1150.0 USD per month, while one outside the center costs around 1214.29 USD.

Real Estate for Purchase

If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 5575.0 USD, while in the suburbs, it's closer to 1348.55 USD.

Average Salary and Mortgage Rates

The average monthly net salary here is about 2183.33 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 6.66% annually.

Frequently Asked Questions about Living in Nassau, Bahamas

What is the monthly cost of living in Nassau?

The monthly expenses for living in Nassau come to a total of approximately $3518. This includes an average monthly rent of around $1150 for a one-bedroom apartment in the city center, along with utilities costing about $348 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $1162 per month.

How affordable is living in Nassau?

Living in Nassau appears to be relatively budget-friendly when considering the average monthly income of $2183.33. However, to enjoy a comfortable standard of living in Nassau, you would likely need an income exceeding $2183.33.

What is the average salary in Nassau?

In Nassau, the average monthly post-tax salary hovers around $2183.33, and it isn't tied to any particular skillset or qualification.

What is the average rent in Nassau?

The typical monthly rent for a one-bedroom apartment in the central area of Nassau is approximately $1150. If you're open to living in a location outside the city center, you can expect to pay around $1214.29 for such an apartment.

What is the cost of groceries in Nassau?

The expense for groceries in Nassau can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $828 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.

What is the cost of living in Bahamas?

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.

Nassau, Bahamas

How Safe Is Nassau, Bahamas for Travel?

Warnings & Dangers in Nassau, Bahamas

OVERALL RISK: MEDIUM

The city of Nassau isn't too safe to visit with its high murder rate, but if you apply safety and precaution measures, it should minimize the risk of getting hurt.

TRANSPORT & TAXIS RISK: MEDIUM

Be very careful when using public transport. Taxi drivers might try to overcharge you since the cabs in this country are not metered. Remain vigilant on public transport since that's where pickpockets operate.

PICKPOCKETS RISK: MEDIUM

Pickpockets are, of course, common, and this city is ridden with both petty and violent crime, though this time, the accent is on violent crime. Still, you should never carry all your money in the same place, and be aware of your surroundings at all times.

NATURAL DISASTERS RISK: MEDIUM

When it comes to natural disasters, The Bahamas suffer from hurricanes during the hurricane season that lasts from 1 June to 30 November. Tourists are advised to monitor local and international weather updates.

MUGGING RISK: HIGH

Violent crime is extremely common in Nassau. The country is ridden with violent crime, and armed robberies, kidnappings, and murders are extremely common, usually not affecting tourists though violence towards foreigners has been on an increase during the past couple of years.

TERRORISM RISK: LOW

Even though there haven't been any terrorist attacks in Nassau's recent history, they shouldn't be ruled out so remain vigilant and aware of your surroundings at all times.

SCAMS RISK: LOW

Bear in mind that taxi drivers may try to overcharge you, since cabs in Nassau are not metered, so always agree on the price before getting in, and avoid getting into unlicensed cabs. Also, some tour guides, including boat operators, may ask for a tip on top of the agreed price upon the completed job.

WOMEN TRAVELERS RISK: LOW

Nassau isn't the safest destination for solo female travelers. Women have reported catcalls and sexual harassment while walking on the streets of this city. If you are a female solo traveler, you are advised to reject rides from strangers or taxi drivers who appear unlicensed. Be sure to avoid remote streets, both during day and night, and do not flash your belongings or handle money in public. Stay out of the streets at night and be vigilant for any possible dangers at all times.

Useful Information & Tips

credit_card

Visas

Some countries are required to apply for The Bahamas' visa, while many countries other than the US and Canada, are required to present a valid passport which must be current up to your travel period. If you are not sure about your visa status, visit www.doyouneedvisa.com which will let you know whether or not you need a visa based on your nationality and the country you want to visit.

currency_exchange

Currency

There are two valid currencies in Nassau: United States Dollar and the Bahamian dollar. You can find plenty of banks with ATMs in the major tourist centers, and cities, but bear in mind that they can be rare or nonexistent on the Out Islands.

cloudy_snowing

Weather

The climate in Nassau is subtropical and the best time to visit is between September and May when the temperature averages 21-24°C. Keep in mind that more northerly islands are around 5° cooler than the southern islands. The rest of the year is a bit warmer, with higher humidity in the summer months when the temperatures vary between 27 and 29° C.

flight_takeoff

Airports

Lynden Pindling International Airport formerly referred to as Nassau International Airport is the largest airport in the Bahamas. It is located in western New Providence island near the capital city of Nassau.

health_and_safety

Travel Insurance

Just like anywhere else, we recommend getting travel insurance when traveling to Nassau, since it covers not only the costs of medical problems but also theft and loss of valuables.

Nassau, Bahamas

What about weather in Nassau, Bahamas ?
Average Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High 77°F 78°F 79°F 82°F 85°F 88°F 89°F 90°F 88°F 86°F 82°F 79°F
Temp 71°F 72°F 73°F 76°F 79°F 82°F 84°F 84°F 83°F 80°F 76°F 73°F
Low 67°F 67°F 68°F 71°F 74°F 77°F 79°F 79°F 78°F 76°F 72°F 69°F
Average Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High 25°C 25°C 26°C 27°C 29°C 31°C 31°C 32°C 31°C 30°C 27°C 26°C
Temp 21°C 22°C 22°C 24°C 26°C 27°C 28°C 28°C 28°C 26°C 24°C 22°C
Low 19°C 19°C 20°C 21°C 23°C 25°C 26°C 26°C 25°C 24°C 22°C 20°C

Comparison Cost of living in other cities in Bahamas with Nassau

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