Summary of The Cost of Living in New Providence, The Bahamas
• The average monthly cost of living for a single person in New Providence is $3,760.00 including rent, or $1,960.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in New Providence is $5,058.00 including rent, or $3,258.00 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in New Providence is $7,059.50 including rent, or $4,719.50 excluding rent.
• The average yearly cost of living in New Providence ranges from $45,120.00 for a single person to $60,696.00 for a couple, and $84,714.00 for a family of four, including rent. Excluding rent, the yearly range is $23,520.00 for a single person to $39,096.00 for a couple, and $56,634.00 for a family of four.
• For budget-conscious living in New Providence, baseline monthly expenses range from $1,948.00 for a single person to $2,622.90 for a couple, and $3,675.40 for a family of four, including rent. Excluding rent, the range is $998.00 for a single person to $1,672.90 for a couple, and $2,440.40 for a family of four.
• For comfortable/luxury living in New Providence, estimated monthly expenses range from $6,820.00 for a single person to $9,209.00 for a couple, and $12,754.00 for a family of four, including rent. Excluding rent, the range is $3,820.00 for a single person to $6,209.00 for a couple, and $8,854.00 for a family of four.
• The average monthly salary for a person in New Providence is $3,250.00, which is 65.8% more than the average monthly cost of living and 225.7% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |