What are the negatives of the Bahamas?

What are the negatives of 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.

What is the quality of life in the Bahamas?

If you are looking for a laid-back lifestyle and tropical beaches with azure seas then The Bahamas is definitely an option to consider. Quality of life in The Bahamas is very good and, living on an island archipelago is something you may dream about.

Is the crime rate bad in the Bahamas?

Bahamas crime rate & statistics for 2021 was 29.17, a 62.44% increase from 2020. Bahamas crime rate & statistics for 2020 was 17.96, a 23.52% decline from 2019. Bahamas crime rate & statistics for 2019 was 23.48, a 3.71% increase from 2018. Bahamas crime rate & statistics for 2018 was 22.64, a 25.95% decline from 2017.

Why do Americans live in the Bahamas?

Retirees from the United States and all around the world especially find the pleasant terrain, weather, and peaceful beaches suited best to their preferences. If you are planning to live in Bahamas for pleasure, work or retirement, you are going to be in for a treat.

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.

How much of The Bahamas is white?

Are Bahamians black or white? Today, Bahamians are mostly black. Blacks are the largest ethnic group of the Bahamas with over 85 percent of the population. Whites are the minority with twelve percent of the population, but that is still higher than most other Caribbean islands.

What are the pros and cons of living in the Bahamas?

Is the Bahamas wealthy?

The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.

Is the Bahamas a good place to move to?

Whether you're looking for safety, a waterfront property, or a city-based Bahamas condo, The Bahamas has is all. There are endless reasons to move to The Bahamas: from great tax incentives (like its tax-neutral status) to the near-perfect tropical weather, you'll fall in love with everything The Bahamas offers.

What is the richest island in the Caribbean?

In terms of GDP per capita, Bermuda is the wealthiest Caribbean country and one of the richest island countries in the world.

Why is food so expensive in the 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.

Is Bahamas tax free for US citizens?

US expats living in the Bahamas only need to file their US tax returns and do not have to worry about filing a Bahamas tax return since the country does not impose an income tax on residents or non-residents.

What are 3 unusual facts about the Bahamas?