Cost of living in Belize compared to the US
| City | One bed city centre apartment – rent/month | Mid-range, 3 course meal out for 2 |
|---|---|---|
| Belize City, BZ³ | 274.52 USD | 60 USD |
| Ambergris Caye, BZ⁴ | 515.92 USD | 70 USD |
| Corozal, BZ⁵ | 700 USD | 27.32 USD |
| New York, USA⁶ | 3,017.19 USD | 100 USD |
Contents
How much do you need to live comfortably in Belize?
And though Belize’s cost of living is comparably lower than that of the U.S., its costs vary per area. However, you may very well be able to survive with a monthly budget between $1,200 and $1,500.
How much does it cost to buy a house in Belize?
Belize tends to be less expensive than other Caribbean destinations. House prices range from BZ$294,002 (US$150, 000) to BZ$2,156,011 (US$1,100,000) depending on location. Condominiums range from BZ$280,281 (US$143,000) to BZ$772,244 (US$394,000), according to revealrealestate.com.
Is it safe to live in Belize?
yes. Belize city is one of the most dangerous cities in the world… But it only has 60,000 people in it, mostly during the weekdays. The killings tend to be gang related, drug related. In a specific area, south side, We live on the north side, in a very safe area.
How much would it cost to retire in Belize?
When it comes to getting a sense for the overall costs of retiring in Belize, Investopedia estimate around $1,700 per month. This is higher than the monthly estimates for a frugal couple, who might only need $1,200 to live a comfortable life.
What are the disadvantages of living in Belize?
List of the Cons of Retiring in Belize
- Life in Belize can be colorful and loud.
- You may have limited health care resources.
- The weather in Belize can be incredibly hot.
- You will need to deal with a culture change upon retirement.
- The people of Belize take a lot of pride in their country and culture.
How much does it cost to rent a house in Belize?
Rent and utilities
| Accommodation type | Average monthly cost in Belize |
|---|---|
| 1 bed apartment – city centre | 317.97 USD |
| 3 bed apartment – city centre | 736.85 USD |
| 1 bed apartment – outside city centre | 225.83 USD |
| 3 bed apartment – outside city centre | 448.93 USD |
Is healthcare free in Belize?
The Public Healthcare System
Under the legislation of the Belizean government all residents, including foreigners, are entitled to receive free medical services from the state-run facilities. Since funding has always been a problem, patients may have to wait for a long time to get an appointment.
Do you pay taxes in Belize?
Income tax is charged at a rate of 25%, and for residents of Belize, the first $14,500 of their annual income is exempt.There’s no graduated scale of taxation like in the U.S. and many other countries. Belize currently has no capital gains tax.
Is it cheaper to live in Belize or Costa Rica?
According to a survey of costs of living in key overseas retirement markets by “International Living,” at the time of publication Costa Rica is the least expensive of these three countries, clocking in at $1,079 per month, followed by Belize at $1,415 to $1,765 per month and Panama at $2,100 per month.
What’s wrong with Belize?
Do not travel to Belize due to COVID-19. Exercise increased caution in Belize due to crime.Violent crime – such as sexual assault, home invasions, armed robberies, and murder – are common even during daylight hours and in tourist areas. A significant portion of violent crime is gang related.
Can you drink the water in Belize?
The water in Belize City and San Ignacio is relatively safe to drink, but travelers often get a touch of diarrhea whenever they hit a foreign country, so always play it safe.
Does Belize get hurricanes?
June 1 – November 30. The Atlantic Hurricane Season officially runs from June 1 until November 30 each calendar year, and tropical storms and hurricanes often threaten to hit Belize. In the past, major hurricanes have caused extensive damage, serious injuries, and deaths.
Can you use Medicare in Belize?
Expats who have Medicare in the U.S. or coverage under the Canadian healthcare system typically pay out-of-pocket for routine care in Belize and then fly north for surgery or any long-term, involved medical treatment.
How long can a US citizen stay in Belize?
one month
As a citizen of the U.S. or Canada you can stay in Belize for up to one month without a visa. If you want to stay longer you’ll need to go to the immigration office for an updated visitor’s permit or tourist stamp.
What can you not eat in Belize?
Let us tell you what NOT to eat while in Belize!
- FRENCH FRIES.
- A SANDWICH.
- TERMITES.
- A STEAK.
- THAT BAILEYS CHEESECAKE.
- NONI FRUIT.
- PROTECTED WILDLIFE & OUT OF SEASON SEAFOOD & GAME MEAT: 40 years ago sea turtle steak was common fare in restaurants along the Belizean coast.
Is it cheaper to live in Mexico or Belize?
Cost of living in Belize is 63% more expensive than in Mexico.
Do you have to pay US taxes if you live in Belize?
3. Affordable Income Tax Rates. The income tax rate in Belize is only 1.75 percent! That means that if you decide to rent out your property from time to time to make some extra money, you’ll have to pay minimal income taxes.
Where do most expats live in Belize?
The most popular landing spots for expats in Belize are Ambergris Caye and Caye Caulker; the Placencia peninsula; the Corozal district; and the Cayo Region. Some expats are now gravitating as far south as the Toledo District, although you’ll find fewer First World amenities there.
What is the minimum wage in Belize?
$3.30 an hour
What is the Belize Minimum Wage? Belize’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. The Belize minimum wage rate is BZ$3.30 an hour ($1.65).
Can a US citizen retire in Belize?
There are many great options for expats to retire in Belize. Our best picks right now include Placencia, Ambergris Caye, Caye Caulker and Hopkins Island. Can a US citizen live in Belize? Any U.S. or Canadian citizen can stay in Belize for up to one month without a visa.
