Paradise Island, Bahamas
Last updated on Oct 13, 2024
Summary: People describe Paradise Island, Bahamas as a tropical paradise with stunning beaches, crystal clear waters, and lush vegetation. Expats love the laid-back atmosphere, the friendly locals, and the abundance of outdoor activities. The weather in Paradise Island is typically warm and sunny, with temperatures ranging from the mid-70s to the mid-80s Fahrenheit. The average cost of living for an expat is around $2,000 to $3,000 per month. The cost of a one bedroom apartment is around $1,500 to $2,000 per month, while a two bedroom apartment can cost up to $3,000 per month. The approximate population of Paradise Island is around 8,000 people.
What do I need to know about living in Paradise Island?
When we asked people what advice they would give someone preparing to move to Paradise Island, they said:
"Before retiring in Paradise Island, it is important to research the cost of living and the availability of health care in the area. It is also important to know the local laws, including any visa regulations and tax laws. Additionally, familiarity with the area and its climate is important, as weather may impact activities and clothing needs. Finally, it is important to understand the local culture and be aware of the different customs and laws that are unique to Paradise Island," explained one expat living in Paradise Island, Bahamas.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What do I need to know before moving to Paradise Island?
When we asked people what advice they would give someone preparing to move to Paradise Island, they said:
"Before moving to Paradise Island, it is important to research the cost of living and the availability of accommodation, services and transportation. You should also familiarize yourself with local laws and customs, and obtain necessary permits or visas if required. Additionally, it is essential to plan for any medical needs and consider what healthcare insurance might be required. With Paradise Island being a tropical destination, you may also need to prepare for strong sun and to be aware of risks such as hurricanes, potential flooding and the risk of mosquito-borne illnesses such as Zika, dengue fever and malaria. Being aware of the local culture and language are also recommended. Finally, researching the local job market can help you be better prepared for life on Paradise Island," said one expat in Paradise Island.
"Use these types of forums to ask questions. Use the internet to explore. Google maps was very helpful. Our process was 10 months from first interview, so we had plenty of time to research, neighborhoods, schools and shopping areas. That said, nothing can prepare you for being on the ground. If you can get the chance to do some recon, do it," said one expat who made the move to Paradise Island.
How do I find a place to live in Paradise Island?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"There are many rental and housing options available in Paradise Island. You can head to a rental agency or visit local real estate websites to start your search. It is also possible to find furnished short-term lodging through Airbnb or other short-term rental websites. You can also check notices posted at public locations in the area such as churches, bus stops, convenience stores, and post offices. Networking with friends and family living in Paradise Island may help as well as asking locals for referrals on accommodations," explained one expat living in Paradise Island, Bahamas.
"We used a couple online real estate agents: Dupuch and Paradise Island living. Looking for anything on Paradise Island close to Atlantis," said one expat in Paradise Island.
What is a typical expat home or apartment like in Paradise Island?
"It is like an old beach house transformed into everyday living. They are all sharing walls but not duplexes or town homes. Similar to a one story condo. Several expats live in the area," wrote a member in Paradise Island.
"A typical expat home or apartment on Paradise Island would typically be a luxury residence featuring spacious, modern interiors and expansive outdoor living areas. Amenities can include swimming pools, outdoor barbeque areas, gymnasiums, tennis courts and other facilities. Located close to the beaches on the tropical island, many homes also boast spectacular views of the ocean and lush greenery. With easy access to excellent bars and restaurants, shopping centers, spas and other recreational activities, Paradise Island is the ideal place for luxury expat living," commented one expat who made the move to Paradise Island.
What is the average cost of housing in Paradise Island?
If you are thinking about moving to Paradise Island, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Rent is about the same but utilities far surpass what we were paying in UAE. That says a lot. I'd say average power bill is $500 month with summer months peaking at $750 and water bills average $150. We do have a private small pool which adds to the cost of both," said one expat in Paradise Island.
"The average cost of housing in Paradise Island varies depending on the type of housing desired, but generally ranges from moderate to expensive," said one expat who made the move to Paradise Island.
How do I meet people in Paradise Island?
When we asked people living in Paradise Island about club and activities where newcomers can meet others, they responded:
"One great way to meet people in Paradise Island can be through taking part in fun activities such as sightseeing and exploring the beautiful beaches. As you explore the island, you can talk to locals and other tourists who are also enjoying their time on The Bahamas. Doing this will give you an opportunity to connect with interesting people who you wouldn't have met in any other way. You can also join local social groups or clubs and attend their events. Additionally, it's also a great idea to join a religious group or attend church, as churchgoers and members of a particular faith often form a community for support and camaraderie and can make for great friendships," wrote one member in Paradise Island.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What should I bring when moving to Paradise Island?
People living in Paradise Island were asked what three things they wish they had brought and three they wish they had left behind. They wrote:
"Clothing appropriate for hot, humid weather, swimwear, sunscreen, hats, sunglasses, sandals and comfortable shoes, insect repellent, rain gear, personal toiletries, important documents, a first-aid kit, any medications, an international adapter, beach towels, books, entertainment, and a camera," commented one expat who made the move to Paradise Island.
"I wish I had brought climate friendly work clothes, tech friendly items like chromecast/ firestick/ routers and tools. I wish I had left kitchen utensils and luggage items," remarked one expat living in Paradise Island, Bahamas.
Where should I setup a bank account in Paradise Island?
We asked expats in Paradise Island what banks they use and there advice about banking. They advised:
"To open a bank account in Paradise Island, you will need to contact a local financial institution or an international bank that has a branch on the island. Many large banks, such as HSBC and Bank of America, have offices in Paradise Island so you can meet with a representative in person to discuss opening an account. You will need to bring your passport, proof of address and other necessary documents to help the bank review and open your account," said one expat in Paradise Island.
Will I be able to find a job in Paradise Island?
When we asked people about industries and career opportunities in Paradise Island, they reponded:
"Tourism, fishing, international banking and some farming. Many of the expats here made their money in banking. I believe finding jobs here is more by word of mouth and being in the right place at the right time. Being able to open your own business is probably the best way to ensure work," wrote a member in Paradise Island.
"It is possible to find a job in Paradise Island, although there may be some difficulty due to the small size of the population and economy there. Potential jobs could include working in the hospitality, tourism, or retail industries, as these are some of the mainstays of Paradise Island's economy. The island also has some agricultural operations that may offer seasonal employment opportunities. It may be necessary to do some research to find out which industries are hiring and available in the area," commented one expat who made the move to Paradise Island.
What is life like in Paradise Island?
When we asked people living in Paradise Island what life is like and how people spend their time, they said:
"Life for expats and digital nomads in Paradise Island is a dream come true. With its stunning beaches, crystal clear waters, and year-round sunshine, it's no wonder why so many people choose to make this Caribbean paradise their home. Expats and digital nomads can enjoy a relaxed lifestyle, with plenty of opportunities to explore the island's many attractions, from snorkeling and diving to fishing and sailing. The cost of living is relatively low, and the locals are friendly and welcoming. With its laid-back atmosphere and stunning natural beauty, Paradise Island is the perfect place for expats and digital nomads to call home," wrote a member in Paradise Island.
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What do expats in Paradise Island appreciate most about the local culture?
"Expats in Paradise Island appreciate their warm weather, beautiful landscapes, numerous beaches, friendly locals, vibrant culture, and easy access to recreational activities such as golf, sailing, sport fishing, and snorkeling. They also enjoy the diverse cuisine offered by the numerous restaurants, the lively nightlife, and the relaxed atmosphere of the island. In addition, they appreciate the relaxed pace of life and the opportunity to connect with nature," explained one expat living in Paradise Island, Bahamas.
What do expats find most challenging?
"Expatriates may find adaptation to a new culture, foreign language, and establishing a basic support network to be the most challenging. Other challenges may include looking for a job, managing finances, finding accommodation, acclimating to a new climate and dealing with bureaucracy. Additionally, the emotional and mental challenge of separating from family and friends may be among the most difficult," wrote a member in Paradise Island.
Is there a lot of crime in Paradise Island?
We asked people if there is a lot of crime. They answered:
"No, crime is not a major issue in Paradise Island. The island is a relatively safe place for tourists, with an extremely low crime rate," explained one expat living in Paradise Island, Bahamas.
Is there a lot of diversity? Are people in Paradise Island accepting of differences?
"Yes, Paradise Island is accepting of differences and has a diverse population. With its small size, the Island is home to cultures from all around the world, with many backgrounds and beliefs represented. Everyone on the Island is friendly and open to new ideas and ways of life, promoting tolerance and understanding among its residents," remarked one expat who made the move to Paradise Island.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
What are the schools in Paradise Island like?
"Paradise Island schools provide a unique experience that is focused on individualized learning and developing the whole child. School staff emphasize collaboration and problem solving along with inquiry-based learning in a highly engaging environment. The schools on Paradise Island are committed to providing quality education that focuses on global and multicultural perspectives. They aim to develop a sense of community and provide a safe environment for learning and personal growth. Classes are held in a variety of formats, with a strong emphasis on hands-on learning and technology integration. Schools also offer many after-school sports and activities to engage students in extracurricular activities and keep them connected to the community," remarked one parent with kids at in Paradise Island.
What are the pros and cons of living in Paradise Island?
Expats, digital nomads and retirees living in Paradise Island responded:
"Expats and digital nomads living in Paradise Island, often like the stunning beaches, crystal-clear waters, and beautiful natural surroundings that the island offers. They appreciate the warm and sunny weather, which allows for a relaxed and laid-back lifestyle. The island's vibrant culture, friendly locals, and various entertainment options, such as casinos, restaurants, and bars, also contribute to an enjoyable living experience. Moreover, expats and digital nomads enjoy the various water sports and outdoor activities available, such as snorkeling, scuba diving, and boating. The island's proximity to Nassau, the capital of the Bahamas, provides easy access to shopping, dining, and other amenities. However, there are also some aspects of living in Paradise Island that expats and digital nomads may dislike. The cost of living can be quite high, with expensive housing, groceries, and utilities. The island's small size and limited resources can also make it feel somewhat isolated, with limited options for shopping and entertainment. Additionally, some expats and digital nomads may find the slow pace of life and laid-back attitude of the locals frustrating, especially when it comes to dealing with bureaucracy or getting things done efficiently. The island's reliance on tourism can also lead to overcrowding during peak seasons, which may detract from the overall experience. Lastly, while the island is generally safe, crime can still be a concern, particularly in more touristy areas. Expats and digital nomads should take precautions to protect themselves and their belongings," mentioned one expat inParadise Island.
Connect
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
What type of social life can someone expect in Paradise Island?
When we asked expats and global nomads about their social experiences in Paradise Island, they replied:
"Expats, retirees, and digital nomads living in Paradise Island typically enjoy a vibrant and diverse social life. They often engage in various activities such as beach parties, water sports, and exploring the island's natural beauty. They can also be found socializing at local bars, restaurants, and cafes, where they can meet fellow expats and locals alike. Many expats join clubs and organizations to connect with others who share their interests, such as sports, arts, or volunteering. Additionally, they may attend cultural events and festivals to immerse themselves in the local culture and traditions. Overall, the social life of expats, retirees, and digital nomads in Paradise Island is filled with opportunities for fun, relaxation, and making new connections," remarked one expat living in Paradise Island.
"The social scene in Paradise Island is vibrant, lively, and diverse, offering a mix of activities and entertainment options for visitors and locals alike. The island is known for its beautiful beaches, luxurious resorts, and exciting nightlife, making it a popular destination for tourists seeking relaxation and fun. During the day, the social scene revolves around the stunning beaches, where people gather to sunbathe, swim, and participate in various water sports. Beach bars and restaurants provide a laid-back atmosphere for socializing and enjoying delicious local cuisine and refreshing cocktails. In the evenings, the social scene shifts to the island's numerous bars, clubs, and casinos, where visitors can dance the night away, enjoy live music, or try their luck at the gaming tables. Many of the larger resorts, such as Atlantis, offer a variety of entertainment options, including themed parties, comedy shows, and performances by international artists. For those seeking a more cultural experience, Paradise Island also hosts various events and festivals throughout the year, celebrating Bahamian art, music, and cuisine. These events provide an opportunity for visitors to mingle with locals and learn more about the island's rich history and traditions. Overall, the social scene in Paradise Island, Bahamas is a lively and diverse mix of beachside relaxation, exciting nightlife, and cultural experiences, ensuring that there is something for everyone to enjoy," said an expat in Paradise Island.
What advice to expats in Paradise Island have about housing?
"Expats in Paradise Island advise newcomers to research the housing market thoroughly before making any decisions. They recommend renting a property initially to get a feel for the area and to understand the local real estate market. It's essential to consider factors such as proximity to amenities, safety, and the overall neighborhood vibe. Expats also suggest working with a reputable real estate agent who is familiar with the local market and can help navigate the process of finding a suitable property. They emphasize the importance of visiting properties in person and not relying solely on online listings, as photos can sometimes be misleading. When it comes to renting, expats advise negotiating lease terms and ensuring that the rental agreement is clear and fair. They also recommend being prepared to pay a security deposit and several months' rent upfront, as this is a common practice in the Bahamas. For those looking to buy property, expats suggest being patient and prepared for a potentially lengthy process, as property transactions in the Bahamas can take time. They also recommend seeking legal advice from a local attorney to ensure that all necessary paperwork and permits are in order. Lastly, expats emphasize the importance of being respectful and friendly to neighbors and the local community, as building positive relationships can make the transition to life in Paradise Island much smoother," said one expat.
What are medical services in Paradise Island like?
When we asked expats and global nomads about the quality of medical care in Paradise Island, they replied:
"Medical services in Paradise Island are generally of good quality, with access to well-equipped clinics and hospitals. The island has a number of private medical facilities, staffed by qualified doctors and nurses who can provide routine medical care, emergency services, and dental care. However, for more specialized treatments or serious medical emergencies, patients may need to be transported to Nassau or even to the United States. It is important for visitors to have comprehensive travel insurance to cover any potential medical expenses, as healthcare costs can be high. Pharmacies are also available on the island, but it is recommended to bring any necessary prescription medications from home," commented one expat living in Paradise Island, Bahamas.
Are healthcare and health insurance expensive in Paradise Island?
"Before our health insurance kicked in at work our daughter needed stitches. We initially went to PM for treatment but after several hours wait a coworker assisted us to a private provider down the street. The cost at PM to be registered was $150. We lost that. The total cost at the private provider was approx $800 not including meds which were about $150. Work health insurance appears pretty good. We have a moderate copay and are accepted most places...even in united states," mentioned one expat inParadise Island.
"Healthcare and health insurance in Paradise Island can be considered expensive, especially for expatriates and tourists. The cost of medical services and treatments in private hospitals and clinics is generally high. Additionally, health insurance premiums for comprehensive coverage can also be quite costly. It is essential for individuals to secure adequate health insurance to avoid significant out-of-pocket expenses in case of medical emergencies," commented one expat who moved to Paradise Island, Bahamas.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
Is the cost of living in Paradise Island high?
We asked people about the cost of living in Paradise Island, they wrote:
"Definitely on the high end. Almost all goods are imported and there is a very large duty fee for just about everything. COL is also high as many of the safer places to live come with a larger price tag. We have seen Paradise Island 2-3 bedroom condos from $2500-$5000 a month. The same product 'across the bridge' in Nassau will run about half of that," commented one expat who moved to Paradise Island.
What are the visa & residency requirements in Paradise Island?
"You must have a job to get a visa to live. The job must convince the government no Bahamanian can do your job before the residency/work visa is permitted. You can qualify for residency visa when you purchase a home for more than $350k-$500k. That number may vary depending on which island. this can be a very lengthy process," said one expat.
Why do people move to Paradise Island?
When we asked people why foreigners move to Paradise Island, they responded:
"Expats are attracted to move to Paradise Island, due to its stunning natural beauty, with pristine white sand beaches and crystal-clear turquoise waters. The island offers a relaxed and laid-back lifestyle, allowing expats to escape the hustle and bustle of city life. The warm and sunny climate is another major draw, with year-round sunshine and mild temperatures. Additionally, the Bahamas has a favorable tax environment, with no income, capital gains, or inheritance taxes, making it an attractive destination for those looking to protect their wealth. The friendly and welcoming local community also makes it easy for expats to integrate and feel at home. Furthermore, Paradise Island boasts a range of luxury amenities, including world-class resorts, fine dining, and high-end shopping, ensuring a comfortable and enjoyable lifestyle for expats," commented one expat living in Paradise Island, Bahamas.
"I believe the majority of foreigners are here for retirement and tax shelters. Many foreigners are here in the banking sector while others are here working in tourism," remarked one expat living in Paradise Island.
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:
- Expat Guide to Paradise Island
- Healthcare & Health Insurance in Paradise Island
- 7 Tips for Living in Paradise Island
- Pros & Cons of Living in Paradise Island
- Cost of Living in Paradise Island
- Health Care in Paradise Island
- The Insider's Guide to Paradise Island
- Healthcare & Health Insurance in Bahamas
- Best Places to Live in Bahamas
- Chikungunya Disease in Bahamas
- Pros and Cons of Living in Bahamas 2024
- 2024 Guide to Moving to Bahamas