Cost of Living in Belize 2023: The Hidden Paradise at a Price

Belize is often seen as a dream destination, where the blue skies meet crystal-clear waters and the pace of life slows to a relaxed rhythm. But how much does it actually cost to live in this Central American paradise in 2023? As many expats and retirees flock to Belize for a simpler, more affordable life, it's important to peel back the layers and discover what your day-to-day expenses might really look like. Whether you're considering moving there or just curious about the economics, we'll dig into the costs—housing, food, transportation, and more—so you can see if Belize is the right fit for your budget.

The Catch: It’s Cheaper, But Not Dirt Cheap

When many people think of moving to a tropical country, they envision incredibly low costs. Belize can be cheaper than many places in North America or Europe, but it’s no longer the ultra-budget destination it once was. Over the years, prices have crept up, especially in tourist hotspots like Ambergris Caye and Placencia.

The cost of living in Belize depends largely on your lifestyle. You could live modestly on $1,500 to $2,000 per month, but if you want to enjoy the luxuries (like fine dining, imported goods, and premium real estate), you'll likely spend $3,000 or more each month. Let’s break it down further:

Housing: Renting vs. Buying in 2023

Housing is one of the most significant expenses you’ll face. In Belize, there are options for every budget:

• Renting: If you're renting a one-bedroom apartment in a major city like Belize City, expect to pay between $500 to $1,000 per month depending on the location and amenities. In tourist-heavy areas such as San Pedro or Caye Caulker, rent can go even higher, easily reaching $1,500 or more for beachfront properties. However, moving inland or to less developed areas can cut costs significantly, with rents as low as $300 to $600.

• Buying Property: Real estate prices in Belize are competitive compared to North America or Europe, but they have been increasing. A decent home in a desirable area can cost anywhere from $150,000 to $400,000. For luxury properties, especially those on the coast or with ocean views, prices can rise to over $1 million. Taxes and maintenance fees for these properties are generally low, but it’s important to note that electricity and water costs can add up quickly, particularly in the hotter months.

Utilities and Internet: Keeping the Lights On

Utilities can be a bit more expensive than expected in Belize. Electricity costs are around $0.30 per kilowatt-hour, making it one of the more expensive utility bills you’ll face, especially if you run air conditioning often. Monthly electricity costs typically range from $100 to $300, depending on your usage.

• Water and Sewage: These utilities are much cheaper, averaging around $30 to $60 per month for basic consumption.

• Internet: Reliable internet is a necessity for most expats, and it’s not as cheap as you might expect. High-speed internet in Belize costs around $50 to $150 per month, depending on your location and the provider.

Groceries and Dining Out: Local vs. Imported Goods

In Belize, groceries can either be very affordable or relatively expensive, depending on whether you buy local or imported products. Local produce, such as fruits, vegetables, and seafood, are typically inexpensive and fresh. A weekly shopping trip for local goods might cost around $50 to $75 for a couple. However, if you crave imported goods like international cheeses, wines, or snacks from the U.S., expect to pay a premium—sometimes double or even triple the price you’d pay in the States.

• Dining Out: Eating at local restaurants or street vendors is quite affordable. A simple meal at a local spot might cost you just $5 to $10. On the other hand, dining at a higher-end restaurant in a tourist area will set you back anywhere from $20 to $60 per person, including drinks.

Healthcare: Quality and Cost

Healthcare in Belize is generally affordable, but it varies depending on where you are and what kind of care you need. Basic doctor’s visits can cost as little as $25, but specialized care and hospital stays can become more expensive, especially if you're in private hospitals. Many expats opt for international health insurance, which can range from $100 to $500 per month, depending on age and coverage.

Prescription medication is also relatively inexpensive in Belize, and you can often buy many drugs over the counter that would require a prescription in the U.S. or Canada.

Transportation: To Drive or Not to Drive?

Owning a car in Belize can be more expensive than you might think. Cars themselves are costly due to high import taxes—expect to pay anywhere from $10,000 for a used vehicle to over $50,000 for a new one. Gas prices are also high, averaging about $5.50 per gallon. Maintenance and repairs can be costly too, given the lack of availability for certain car parts.

That said, public transportation is incredibly affordable. Buses are the primary mode of transport and cost just a few dollars to travel between cities. Taxis are also reasonably priced, with most short rides costing between $5 and $10.

Entertainment and Lifestyle: What’s There to Do?

Belize offers plenty of natural beauty, but entertainment options can be somewhat limited, especially in rural areas. However, if you enjoy outdoor activities like snorkeling, diving, hiking, or exploring Mayan ruins, Belize is a dream destination. Most of these activities are free or come with a minimal fee.

• Gym memberships cost around $40 to $80 per month, depending on the location and amenities.
• Movies, concerts, and other traditional forms of entertainment are limited, but expats often entertain themselves by socializing, exploring nature, or participating in community events.

Education: Schooling Costs

For expats moving with children, private international schools are the main option, as public schools may not meet certain expectations. Tuition at private schools can range from $5,000 to $12,000 per year. There are a few international-standard schools in places like Belize City and Ambergris Caye, offering curriculums in English and often following the U.S. or British systems.

A Monthly Breakdown of Costs (Average for 2023)

Expense	Monthly Cost (USD)
Rent (1-bedroom apartment)	$500 - $1,500
Utilities (electricity, water)	$150 - $360
Internet	$50 - $150
Groceries (for two people)	$200 - $400
Dining Out (occasional)	$100 - $300
Transportation (car, gas)	$150 - $400
Health Insurance	$100 - $500
Entertainment/Leisure	$100 - $200

The Final Verdict: Is Belize Affordable for You?

While Belize is certainly more affordable than many Western countries, it’s important to remember that the cost of living can vary greatly depending on your lifestyle choices. If you’re happy living simply, buying local, and enjoying the free natural beauty, Belize can be an affordable paradise. However, if you’re seeking luxury and imported goods, your costs will rise significantly.

In 2023, Belize remains an attractive option for expats looking for a tropical destination with reasonable living costs, especially if you’re strategic about where you live and how you spend your money.