Q:

What is the average yearly cost of living in Belize?

A:

Quick Answer

The average yearly cost of living in Belize is $12,000, as of 2015. Some inhabitants live off $500 a month and others spend almost $2,000 a month to live comfortably.

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Full Answer

Expatriate residents living in Belize pay the Goods and Services tax on almost everything except some food and medical items. For people working in Belize there is a progressive income tax with a maximum of 25 percent.

Gasoline and some groceries are more expensive in Belize than in the United States. However, medical care, cable television, and property taxes are less expensive. On the average, the cost of buying or building a home is significantly less in Belize than in the United States or Europe.

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