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:
"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," wrote a person living in Belize City.
"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," explained one expat living in Hopkins Village.
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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," said one person in Belize City.
"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," remarked one expat 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 person in Corozal.
"MUCH LOWER! Property taxes are around 30 dollars a year!!! Car insurance is less than 150 a year! WOW!," remarked one expat 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.
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What are typical rental prices for expats in Belize?
"In Belize, the average rental price for a nice 1 bedroom apartment is typically a few hundred U.S. dollars per month, while a nice 2 bedroom apartment can cost a few hundred to a few thousand U.S. dollars per month, depending on the location and quality of the apartment," commented one expat living 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 one expat.
"Rental prices will vary based on the size (how many bedrooms, bathrooms, amenities, etc), the location (near the sea, river, inland), and whether it is high or low season. How the home is furnished may have a bearing on the rent also. In the Hopkins area rentals can be found for just about any budget," commented one expat who moved to Hopkins.
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 who moved to San Pedro.
"In Belize, most rentals come furnished since it would not be expedient for a renter to purchase furniture, large appliances, and kitchen items.," said one expat.
"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," remarked one expat in Belize.
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.
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