What’s the Real Cost of Living in Belize?

Thinking about life under the palm trees and turquoise waters? Belize has a vibe that’s hard to beat—but what about the price tag? Here’s a comprehensive, up-to-date breakdown of living costs in our beautiful country.

Inflation & Economic Trends

• National inflation hit 3.3% in 2024, led by a 5.6% rise in Food & Non-Alcoholic Beverages. Restaurant services also surged by 7.4%, while rent and utilities climbed 2.3%.

• In Jan 2025, consumer prices rose another 2.2% year-over-year, once again driven by food and transport.

Housing Costs: Location Matters

• Tourist hotspots (Ambergris Caye, Placencia, San Pedro):

  • 1-bedroom rent: BZD 1,200–2,000 (~US $600–1,000)

  • 2-bedroom rentals: BZD 1,800–3,000 (~US $900–1,500)

• Smaller towns or inland (Cayo, Corozal):

  • 1-bedroom: BZD 600–1,000 (~US $300–500)

• Utilities: US $50–150/month depending on AC use

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Food & Groceries: Eat Smart, Save More

• Dining out ranges from US $4–8 at local spots to US $30+ for a nicer dinner for two.

• Groceries vary depending on local vs. imported:

  • Milk: ~US $3.10/L

  • Eggs: ~US $2.40/dozen

  • Chicken: ~US $2.80–6.50/lb

• Shopping at local markets keeps costs lower. A one-person grocery budget is around US $200–300/month.

Utilities & Internet

• Electricity: ~US $0.45 per kWh (basic: ~US $50/month; heavy AC: US $150+).

• Internet: US $25–80/month.

• Water: US $20–50/month.

Transport

• Gasoline: ~US $5–7/gallon.

• Public buses: US $1–2 per ride.

• Golf cart rentals (in San Pedro): ~US $700/month.

Healthcare

• Public clinics are affordable but basic.

• Private visits start around US $50.

• Many expats also carry private or international health insurance.

Sample Monthly Budgets

Lifestyle & Location Estimate per Person Cozy inland living (San Ignacio) $800–1,200 Comfortable coastal/tourist living $1,500–2,000+

Final Thoughts

Belize offers incredible value—breathtaking landscapes, friendly communities, and a real estate market that allows for flexible budget choices. But navigating:

• Tourist vs. inland pricing

• Imported vs. local food

• Utility costs (especially electricity)

• Healthcare access

is key to a comfortable, sustainable life here.

Thinking about making the move? Check out our free eBook: Things You Must Know Before You Move to Belize—packed with tips on lifestyle, culture, and what to expect when settling into paradise.

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