What are the downsides of living in the Bahamas?
What are the downsides of living in the Bahamas? The Bahamas does have a high cost of living , which is a result of the country's imposition of high value-added taxes on groceries, furniture, appliances, and clothing. This isn't too much of an issue if you're planning to buy a vacation home but for those who want to buy a permanent home, it could be a factor.
Is Bahamas a good country to live in?
The Bahamas are friendly to newcomers, there's no foreign language to cope with, crime is relatively low, and the islands are positioned just off the Florida coast. The two big cities are the capital, Nassau, which is located on New Providence Island, and Freeport, which is on Grand Bahama.
Why do wealthy people live in The Bahamas?
The Bahamas is the richest nation in the Caribbean and has a reputation for being a playground for the uber-rich. With its world-class golf courses and casinos, the islands know how to cater to wealthy retirees.
Is it a good idea to live in the Bahamas?
Freedom to Live Your Way Unlike the fast-paced lives of the west, Bahamas is a pretty much peaceful country, so even those who like lying back for a while can have a great life here. Note that crime in Nassau is quite high, so keep this in mind when visiting or living in the city center.
How many murders in Bahamas per year?
In 2021, there were approximately 29.17 homicides per 100,000 inhabitants in the Bahamas, up from a homicide rate of 17.96 registered a year earlier. Over 100 people die as a result of intentional homicide in this Caribbean country every year.
Do any celebrities live in the Bahamas?
Nicolas Cage - owns estate residence on Paradise Island and a private island in the Exuma chains. Mariah Carey - owns a house on Windermere, a private island connected to Eleuthera, where she married Nick Cannon in 2008. Mike Oldfield - guitarist/composer (Tubular Bells etc.)
Why is everything expensive in Bahamas?
The higher cost of living in the Bahamas are due to the fact that most goods need to be imported, and all of these items are taxed, when they arrive and clear customs. Unlike the US, there is no income tax in the Bahamas.
Where to avoid Bahamas?
- Avoid Nassau's “over the hill” (south of Shirley Street) and Fish Fry (Arawak Cay) areas, especially at night.
- Stay alert to your surroundings at all times.
- Don't walk alone, particularly after dark.
- Don't carry large sums of cash or wear expensive jewellery.
What should you be careful of in the Bahamas?
Violent crime, such as burglaries, armed robberies, and sexual assaults, occur in both tourist and non-tourist areas. Be vigilant when staying at short-term vacation rental properties where private security companies do not have a presence.
Are Bahamian people friendly?
Bahamas are known for being friendly, outgoing and informal. Hospitality is an extension of this and they like to get to know people, say hello to strangers and invite people into their homes.