The cost of living in belize is a growing question these days. There is a growing interest in moving to belize, and with this interest comes the question of what the cost of living in belize is.
Belize is attracting all forms of business these days; land and housing developers, farming, and it’s also becoming a great vacation destination. One must take into consideration the before mention economic factors when making the assessment of Belize cost of living. For starters, what’s your lifestyle? Are you conservative or do you like to live a life of luxury? Currently the average yearly income of persons living in Belize is approximately less than 6000 US dollars. So in essence you can live a very comfortable lifestyle if you live by conservative means, other wise be prepared to adjust accordingly.
Now the real question is “How much is rent prices”, as this will give you a base to calculate the housing market in Belize if your planning on purchasing a home there. A 2 bedroom apartment in Belmopan, Cayo will run you about $1000.00 USD per month. Here is a 2 bedroom apartment which is located about 10 minutes walking distance from downtown Belmopan City http://www.viviun.com/ad_images/76744-1/ . This apartment is 1,100 Sq. Ft and has 2 bedrooms and 2 baths.
Keep in mind that you can buy a house from as little 25 USD per square foot if you are considering taking the conservative track. On the other hand if you are in the luxury lane, you can pay up to 250,000 USD for an excellent beach front property located in nice gated communities.
I hope this gives you some insight as it relates to the cost of living in belize. Just keep in mind what you are comfortable affording, and I think you’ll be much closer to your decision on making Belize your new home or a nice vacation home spot. Belize is a hotspot on the map these days largely due to its growing economy and the vast amount of interest that’s views living in belize a great opportunity.
