Cost of Living in Belize
Last updated on Dec 15, 2023
Summary: The cost of living in Belize is generally considered to be quite affordable. A nice 1 bedroom apartment can cost anywhere from $500 to $1,000 per month in US Dollars, while a nice 2 bedroom apartment can cost anywhere from $800 to $1,500 per month in US Dollars. The cost of dinner at a moderately priced restaurant can range from $10 to $20 per person in US Dollars.
Is the cost of living in Belize high?
We asked people how much they someone comfortably live on in Belize, they wrote:
"We have no house payment since our home is paid for. We are doing very well on about 3,000 U.S. per month, though we could get by for much less," said one expat in Hopkins Village.
"That is such a leading answer. The QRP package requires that you bring 2000 us dollars into the country per month. For those not taking the QRP package, and taking up plain residency (takes a year to do) , there are people living on a lot less than 2000 US and living comfortably," remarked one in Belize City.
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Will I save money living in Belize?
"It has met our expectations and exceeded them, we live a good life, eat well, and are very happy," explained one expat living in Belize City.
"We have done very well living just on our social security monthly payments. We were able to purchase an automobile to facilitate shopping in neighboring village and cities," said one expat in Hopkins Village.
"Living in Belize can be financially advantageous compared to the United States, as the cost of living is lower. Goods and services, including basic food staples, entertainment, transportation and healthcare are all significantly less expensive than in the United States. Furthermore, utility bills such as electricity, water and Internet services tend to be lower. Additionally, Belize has a favorable tax system which offers many benefits for expats," wrote a person living in Belize.
What is the average cost of housing in Belize?
If you are thinking about moving to Belize, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Housing cost is about 50% less if you are a owner builder. Avg for land and house is $80k US and the ROI after three years is about triple that," said one expat in Corozal.
"MUCH LOWER! Property taxes are around 30 dollars a year!!! Car insurance is less than 150 a year! WOW!," wrote a person living in Belize City.
"The cost of housing in Belize varies depending on the location, size and condition of the home. The average cost for a small, one-bedroom house or apartment in a city can range from $550 to $800 per month. A mid-size home may cost between $800-$1500, while luxury homes and large estates on the beachfront may cost upwards of $3000 or more," explained one expat living in Belize.
What are typical rental prices for expats in Belize?
"When renting in Belize, 500 USD a month for a 1/2 Bedroom and 1000 USD for a month 2/3 Bedroom. ," wrote an expat living in San Ignacio.
What appliances are typically included in a rental?
We asked foreigners in Belize what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Typically the kitchen is fully setup, the appliances are included, washer and dryer are included," commented one expat living in San Pedro, Belize.
"In Belize, most rental properties generally come equipped with basic appliances such as a refrigerator, stove, and washer and dryer. Additionally, many homes may also include air conditioning, ceiling fans, and even a hot water heater. Other amenities like dishwashers and extra ovens are sometimes available in higher-end properties," wrote one expat.
"In Belize, most rentals come furnished since it would not be expedient for a renter to purchase furniture, large appliances, and kitchen items.," commented one expat who moved to Hopkins.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Additional Information:
- Belize Guide
- Healthcare & Health Insurance in Belize
- Members Talk about Healthcare & Health Insurance in Belize
- Best Places to Live in Belize
- Guide to Real Estate in Belize
- Pros & Cons of Living in Belize
- Cost of Living in Belize
- Do I need Health Insurance When Moving to Belize?
- Having a Baby in Belize
- Health Insurance for Expats in Belize
- Best Places to Visit in Belize for Christmas Cheer
- 2024 Guide to Living in Belize
- Pros and Cons of Living in Belize 2024
- 2024 Guide to Moving to Belize