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2020 International cost of living and hardship / quality of living data for 780 global locations.


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Bahamas, Nassau
Overview

Bahamas, Nassau

Cost of living in Nassau, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at October 2020.

What is it like to live in Nassau?




Nassau: Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas.

Economy: Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government .

Inflation: 1.43% for the Bahamas as at December 2019.

Nassau Population: 274,000 (2020 est.)

Expat Life: In the Bahamas, North American business culture prevails, although the pace of business may be a little slower. While casual light clothing is generally worn outside of work, expatriate dress code can vary. Generally conservative dress is recommended for both men and women. The use of titles in business is also on the conservative side; the use of first names is regarded as informal and may be reserved for friends and family. Women are well represented in most professions at the highest level. The safety risk for expatriates in the Bahamas is low overall, but medium in the southern neighbourhoods of Nassau. Risks include petty theft and street crime. Other risks include those associated with hurricanes and tropical storms.

Health Care: Health care facilities are good, however the cost of treatment for expatriates can be high. Cases of Chikungunya virus have been reported. The Coronavirus COVID-19 total reported cases for the Bahamas as at 22 October 2020 is 6,051, with 127 deaths. The rate of deaths per 1 million population is 322.

For other areas within the country see Bahamas.


Cost Of Living

What is the cost of living in Nassau?



The cost of living for expatriates in Nassau as at October 2020 is very high in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 105.6 (New York =100). We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Nassau is as follows:

1) Alcohol and/or Tobacco: Cost is very high for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1,000 in New York costs USD$1080. Average price in a store for a midrange bottle of wine is USD$14.56, domestic/local beer (500ml) USD$3.47, imported/international beer (330ml) USD$4.39 and a pack of 20 cigarettes is USD$14.30.

2) Clothing: Cost is high for items such as business, casual and children's clothing and footwear. A basket costing USD$1,000 in New York costs USD$1060. Average price for an international brand of mens jeans is USD$62, a quality international brand of running shoes USD$103, mens leather shoes suitable for office wear USD$109 while a medium size international summer dress from a global chain store is USD$44.

3) Communication: Cost is very high for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$366. Average price for a monthly standard plan internet subscription is USD$67, while the benchmark mobile tariff is USD$0.30 per minute.

4) Education: Cost is very high for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30,000 in New York costs USD$33000. Average annual private international school fee (excluding extras) USD$21,475 for Primary School, and USD$23,898 for High School.

5) Furniture & Appliances: Cost is very high for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2,500 in New York costs USD$3250. Average price for a 6kg front loader Washing Machine is USD$876, and USD$752 for a 46+'' LED UHD TV.

6) Groceries: Cost is very high for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1,000 in New York costs USD$1240. Average grocery prices in a major international retail store for 1 kg apples is USD$7.20, 1 kg oranges USD$6.42, 1 head lettuce USD$3.74, 1 kg potatos USD$5.89, 1 kg boneless, skinless, chicken breast USD$9.20, 1 kg cheddar cheese USD$11.36, 1 dozen large eggs USD$4.52, 500g loaf white bread USD$4.26, 1 L full cream milk USD$4.55, and 1.5 L water USD$1.95.

7) Healthcare: Cost is high for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1,000 in New York costs USD$950. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$77, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$2,370.

8) Household Accommodation: Cost is very high for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5,000 in New York costs USD$3800. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$3,915 in a central location, and USD$2,507 in a suburban location, per month, excluding utilities.

9) Miscellaneous: Cost is very high for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$530. Average price for dry cleaning (1 mens 2 pc suit) is USD$10.33, while an international newspaper is USD$3.18.

10) Personal Care: Cost is very high for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$465. Average cost for a mens haircut and blow dry is USD$37, while a womens hair colour, cut and blow dry - medium length is USD$186.

11) Recreation & Culture: Cost is very high for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$555. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$13.00, and an international fitness, recreation or sports club membership cost for one adult is USD$107 per month.

12) Restaurants Meals Out and Hotels: Cost is very high for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1,000 in New York costs USD$1040. Average cappuccino price (regular, medium) is USD$5.85, coke/pepsi (330ml) USD$3.19, burger meal (international franchise or similar) USD$10.40, and a mid-range international restaurant meal for 2 USD$97.50.

13) Transport: Cost is very high for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1,000 in New York costs USD$1250. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.21, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$26,500.


How does the cost of living in Nassau compare?

Nassau is 60.3% more expensive than Houston TX for groceries, 106.5% more expensive for household costs than Kuala Lumpur, and 104.7% more expensive for transport costs than Dubai.


What is the quality of life / hardship in Nassau?

Nassau is ranked as a some hardship location.The hardship premium for Nassau for an expat from Perth, is for example 10%, i.e. host location (Nassau) premium of 20% minus home (Perth) location premium of 10%.



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