Eleuthera (/ lj u r /) refers both to a single island in the archipelagic state of The Commonwealth of the Bahamas and to its associated group of smaller islands. The Ultimate Eleuthera Travel Guide Indianapolis doesnt have any direct flights into the Bahamas, so we flew through Newark, New Jersey, on the way into Nassau. A lot of people reach out to me through the Out Island Life website that said they either have purchased land or are looking at building in Eleuthera, so I feel like theres something rumbling in the undercurrent, and the last time I visited, there seemed to be such a vibrant feel to the island, with plenty of yellow license plates (self-drive rental cars) cruising around. Very good question. Are you cooking with propane or electricity? Cost of living in Bahamas is, on average, 26.2% higher than in United States. This is the version of our website addressed to speakers of English in the United States. The waters are almost as clear as air. About $3000 a year for electric and $3000 a year for insurance. Prices in Eleuthera. Prices in restaurants, supermarkets and costs of But if you dont mind country-living, you couldnt ask for much more. > Prices generally vary based on location and size of the property. 34% less than in United States, $2 However, you might want to be financially prepared for the trip. Eleuthera is a cozy and safe area that provides an affordable cost of living compared to other islands in the Bahamas. Currency in The Bahamas to On the main thoroughfare, there is now a coffee shop and a lively little bar, and theres even an Instagram-worthy swingset and hammock duo just along the shoreline, beckoning influencers to show off their bikini bod. Winter residents are popular buyers of property in Eleuthera. Required fields are marked *. City. No worries, there are plenty of other options available like juicy steaks, tasty burgers, and delicious vegetarian dishes. Pair of Jeans in a Chain Store Like George, H&M, Zara, etc. However, it was NOT inexpensive at least from our experiences. In 1998, he founded the Island School, which combines classes, research, community outreach, problem-solving, scuba-diving and kayaking for high-school students. Freetown The standard transaction time from the accepted offer to the closed sale is about 45-60 days. In the way of international island destinations, you couldn't get much closer to the mainland US if you tried. You can calculate cost of living in Eleuthera by changing quantity using input near each good or service. Size. 61.33. Average monthly rent ( Statista) Value of $100 ( GoBankingRates) The mean wages represent the average wages employees working in the state earn per year. 800.00 $. Selection at Burrows in Governor's Harbour was fairly good, except for produce. Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage, Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans, Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL, Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate, Private Preschool or Kindergarten, Monthly for 1 Child, International Primary School, Yearly for 1 Child. However, local salaries are relatively reasonable, and most of the staff in the tourism industry earn an hourly wage or commission that is quite decent. In your free time you can have a break or relax while actively practicing sport - the costs are similar to those in United States. From there, we took a separate flight onto Eleuthera, as there aren't really any water ferries like you'll typically find in other island groups. The island's lush natural beauty and warm, sunny climate make it an ideal setting to indulge in all kinds of outdoor pursuits. We also run three fridges -- one in the guest cottage, two in the main house -- and a dryer, outdoor security lights, computers, etc., etc. more, You seem to have JavaScript disabled. I enjoy looking at the various real estate websites even though I know that potentially purchasing a home on Eleuthera is years away (many). These sailing races bring visitors to Eleuthera to watch the fast and exciting events and to enjoy onshore activities in a carnival-like atmosphere. I'd love to help with your next trip! The Rock Sound Airport has been recently refurbished and resurfaced as well.Eleuthera is easy to get to, hard to leave, and impossible to forget. With a latitude of 24.93145 and a longitude of -76.18997, this city operates on the America/Nassau time zone of GMT: -5.0. Buyer wires remaining costs to buyers attorney, The deal closes/conveyance is recorded and given to the new buyer. How many years away obviously depends on the costs involved. Property tax is 0 for the first $250,000, 0.75% for $250,000 to $500,000, and 1% between $500,000 to 5 million. We did not have a pool, had a gardener 2 days a week, did our own day-to-day cleaning but had a housekeeper crew do a full cleaning every other week so that would make our costs a bit lower than yours. The island is 180 kilometers long and span just a little over 1 mile in width. Location: Ship Chann, Taking a long weekend sail from Nassau to the Nort, Bird's eye view of what a holiday weekend looks li, Square Foot Construction Costs in the Bahamas. As a *very general* ballpark figure: A basic, no-frills concrete block home with medium grade fittings and fixtures will run $100-$150 a square foot. 2500sf house, 600sf guest house, 3 refrigerators, washer/dryer, 3 well/cistern pumps, 3 split a/c in bedrooms, 5ton a/c main area, hot water heater, 4 acres on the beach, full time occupancy, Electric: $200-250 in winter, $500-700 in summer, Insurance: $3800/year, includes hurricane coverage (have collected more for damage than paid in premiums over 20 years), Propane for cooking & standby generator about $1500/year, more if we have h-cane, Gardener: $60/day, one day/week, includes NIB (insurance), Housekeeper: $60/day main house, $40 for guest house, Repairs/maintenance: Estimate at $2000/year, We joke down here sometimes: For any expense you're looking at involving a home on Eleuthera, you should estimate the very most it could ever possibly, conceivably cost -- and then figure on paying double that ;-). The why buy in Eleuthera article is so real. Privacy Policy. Choosing the best part of Eleuthera will depend on each individuals preferences. While the cost of living in Eleuthera, Bahamas may be higher than other destinations, it's not impossible to enjoy your trip without breaking the bank. Access to the most international flight options can be found at the North Eleuthera Airport. 83.89 miles. Larger rentals can run in the low to high thousands (and much more for luxury properties), depending on the location. The Cost of Living in America: Helping Families Move Ahead CEA Written Materials Issue Briefs Over the last three decades, American families have experienced a rise in the costs of many. Islands may receive financial compensation for products purchased through this site. Comparisons improve with every new data that you enter. I was beginning to think maybe Id misread the original question. For return on your investment, well be brutally honest with you, its not going to give you a great rate of return. He estimated that annual ownership costs insurance, taxes, maintenance, repairs, replacements, utilities, vehicles and their attendant costs, etc. Hawaii is located nearly 5,000 miles away from the continental United States had the highest cost-of-living index score of any state. Head down to the Cape for some of the best fishing in the world, as well as beautiful wildlife and beaches throughout. If youre looking at basing yourself Central or South, you have the option for Governors Harbour or Rock Sound Airports. For example, instead of relying solely on air conditioning to keep cool, you can take a refreshing dip in the ocean or opt for a rental property that has good ventilation and ample natural airflow. Located 200 miles from Florida and 60 miles from Nassau, Eleuthera is just over a mile wide and 110 miles long. Governors Harbour International Airport services the area, with flights from Nassau and a few flights per week from Ft. Lauderdale. Buyers should expect to pay around 7% on top of the purchase price for lawyer fees, VAT, applications, etc. 120% more than in United States, $50 If you're a seafood lover, then Eleuthera, Bahamas is the place to be! So for that, I would love some rough estimates on what one could expect to pay for the following monthly/yearly expenses: Utilities - all I've read is that the electric bill can be really high but never seen any actual numbers. You may be able to find affordable property in Topeka, KS, but perhaps you dont have that ocean view youre looking for. Terms of Use and We found meals for $4-5 USD rather than $15-20 as youll find in most of the popular restaurants. This is Spanish Wells, named for the Spanish ships that once replenished their fresh water here. The total income . 14% less than in United States, $5 I am literally shocked that there isnt more development in Eleuthera already. Have no idea how much it costs to properly insure a place like this, nor what property taxes would be and what upkeep would be in a salty environment. Not a fan of seafood? Insurance - a beachfront home's insurance I'm sure can be pretty expensive given its location in the Caribbean and the chance of hurricanes. privacy policy | tos | contact | copyrights Living in Eleuthera Bahamas | Everything Eleuthera. Bahamas This is a perfect opportunity to rent your house out for half the year and make your investment pay itself off while you enjoy it when you need it most. As you note, the answer certainly includes the phrase, It depends. It depends a lot on how much work the owner can do, hands-on, and a number of other variables. Gas Prices in Governor's Harbour. Tarpum Bay Swings. An additional 71 million people could be pushed into poverty, according to the United Nations Development Programme. We had a wonderful and relaxing time and found the island to be absolutely beautiful. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. You will want to ensure you hire a local who is knowledgeable about the island and all its rules, permits, etc. Im hesitant to even write an article about buying in Eleuthera because in all honestly, Im slightly protective about the current nature of our beautiful Out Islands. Do you live in Eleuthera? You may be entitled to up to 3 Cost of Living Payments of 301, 300 and 299 if you get any of the following benefits or tax credits on certain dates: income-based Jobseeker's Allowance ( JSA). Eleuthera Food Guide- Best Restaurants in Eleuthera, Bahamas, Top Reasons to buy real estate in Eleuthera, Bahamas, Eleuthera Travel Guide: Tips For Traveling to Eleuthera, Bahamas, The Ultimate Travel Guide for Spanish Wells, Bahamas, Fort Lauderdale (Via Aztec Air & Makers Air), Agreed upon terms + contract drafted by sellers attorney (Bahamian), All parties sign + deposit submitted to the buyers attorney (Bahamian). This is due to the isolated location of the island, which can make it more expensive to import and supply these basic necessities. The homes maintain their 1700s charm and the resorts blend right in with the natural surroundings. of prepaid mobile local tariff (No discounts or plans), Preschool (or Kindergarten), Private, Monthly for 1 Child, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), International Primary School, Yearly for 1 Child, Mortgage Interest Rate in Percentages (%), Yearly 6.5%, 1 Summer Dress in a Chain Store (Zara, H&M,), Tennis court rent (1 hour during a weekend). There are spas and wellness centers where you can pamper yourself with a massage or indulge in some yoga or meditation. 18% less than in United States, $2 People living in cold climates like to head down to Eleuthera for the winter and enjoy our 75-degree sunny days. Why Eleuthera? Eleuthera is blessed with pink-sand beaches, dramatic cliffs, sheltered coves, and a bridgethe Glass Windowthat divides the pounding Atlantic and the clear, calm Gulf. We purchased about 2 drinks per dinner, including a special bottle of wine on Valentines day and a bottle or two of rum. ran about 4% of the propertys market value. Just buy what you need, and youll save on the rest. Several restaurants have popped up, and along with stunning beach and friendly locals hospitality, it seems to have a wonderful new-found attraction to it. Short of the flights, for which we felt we got a pretty decent deal, everything got more expensive from there and we just kind of went with it trying to enjoy ourselves. Eleuthera is just over 200 miles from Miami, FL. Your email address will not be published. Terms of Service apply. Do you live in Bahamas? When you're thinking about traveling and it doesn't necessarily have to be a specific country, maybe the costs will be less than in Eleuthera in one of the nearby countries? It has an unpretentious vibe to it, attracting more and more visitors to the area for its stunning beaches, restaurant and shopping offerings. Pollution Index by Country 2023. Notify me of follow-up comments by email. You will be living a dream come true. Register with us to save your favorite listings and get email notifications when similar properties become available. 24% more than in United States, $20 13.19 $. The soaring cost of food and energy is affecting people across the globe. Fresh Creek He even wrote an island-inspired song on his hit album Are You Gonna Go My Way called Eleutheria (the proper spelling for the Greek word for freedom), and has been a promoting it in the recent years with the Bahamas Ministry of Tourism. And when we can afford to go out to the restaurant, we'll pay for a three-course meal around 79 US dollars. It is absolutely doable, but prepare yourself for a longer than-normal wait time for bank approvals. Taxi Fares in Freetown. Childcare prices in Eleuthera, Bahamas vary and can be quite expensive. Besides food and your house expenses, you wont be doing much shopping or unnecessary spending on the island. **Noting that gas prices are almost $7 /gal now. The benefit to your pocket when living on Eleuthera is that youll notice youll have fewer things to spend money on. The cost of living in Eleuthera, Bahamas is generally high due to its location and exclusivity. February boasts the coldest water temperatures youll find in the Caribbean islands throughout the year. Get . Maintenance and taking care of renters is much more, so most owners do much of that themselves. RENTAL CAR Below you will find a full list of prices in Eleuthera, among others foreign beer, potatoes, Cigarettes, bananas, or oranges. A combination of criteria for islands and available and affordable accommodations led us to settle on the island of Eleuthera. +1Love threads like this - hope someday to have a house as well. Property tax is 0 for the first $250,000, 0.75% for $250,000 to $500,000, and 1% between $500,000 to 5 million. I had a good friend who was our guiding light to living on Eleuthera. In our 16 years of owning an oceanfront home on Eleuthera and living there nearly full-time for 12 years, I found that while it might vary from year to year a hurricane or two can really push the number his calculation was not far off the mark. In the way of international island destinations, you couldnt get much closer to the mainland US if you tried. 40.41 miles. And if for some reason, you get bored of the endless expanses of empty beaches, smiling locals and quaint settlements of Eleuthera, you can always pop over to the islands of Harbour Island or Spanish Wells (located just off of North Eleuthera) for a vibrant social scene with plenty of bar and restaurant options. To give you an idea of what to expect for prices should you want to visit Eleuthera yourself, heres a detailed expense breakdown of what we spent over six days. For 99 US dollars you can get 99 Bahamian dollars. Cost of Living in Eleuthera. Legally working or living in the Bahamas for more than 20 consecutive years. Eleuthera Property Prices in Eleuthera, Bahamas Distribution of food expenses in Eleuthera using our Weste. Realistic price x 4% = yearly upkeep cost. Christies International Real Estate and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained herein. Market prices in Eleuthera, Bahamas can fluctuate depending on various factors such as supply and demand, seasonal changes, and global economic conditions. It's important to note that credit cards are widely accepted in Eleuthera, so carrying cash may not be necessary. Discover Eleuthera, a beautiful city in the Bahamas located in the Caribbean. Crime Index by Country 2023. Lots of questions. About $100 a month for some light gardening. Caretaker - if one chooses to rent out their property, what is the standard rate to compensate a caretaker (i.e., cleaning property and tending to guests and keeping property in shape but not actually staying at the property). Check prices in: Cuba, Cayman Islands, Turks and Caicos Islands, Jamaica, and Haiti. . Whether you're a self-proclaimed foodie or just looking for a good meal, the dining options in Eleuthera won't disappoint. Purchasing a residence in the Bahamas for over $750,000 and going through a rigorous application process + a $15,000 one-time application fee. Summer Dress in a Chain Store Like George, H&M, Zara, etc. By being mindful of these costs and actively seeking ways to reduce them, you'll be able to fully enjoy all that Eleuthera has to offer without breaking the bank. Hi there! And the cost of living in Eleuthera is less than in United States about 61%. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. There were few options for snacks and being an island, whatever isnt native grown is imported with inflated costs. Comparable Income: $28,367. Eleuthera Beaches. Very much like in United States, $5 So any estimates based on your on experience is much appreciated. ta.queueForLoad : function(f, g){document.addEventListener('DOMContentLoaded', f);})(function(){ta.trackEventOnPage('postLinkInline', 'impression', 'postLinks-52027067', '');}, 'log_autolink_impression');cars.