Cost of living and prices in Barbados, prices of food, rent, shopping, etc 🇧🇧 Updated Jul 2023
Located in the serene Caribbean islands, Barbados is a tiny yet captivating country that covers 431 sq km. It is home to a population of about 285,653 people, with a population density of 662.77 people per sq km. The official language of Barbados is English, which has found its way into every aspect of the society and culture.
Despite its minuscule size, Barbados boasts a gross domestic product (GDP) of $4.26 billion and a GDP per capita of $14,920, making it one of the wealthiest economies in the Caribbean. The Barbadian dollar is the official currency of the country, and its top-level domain is .bb.
Being an independent island nation, there are no border countries adjacent to Barbados. However, it shares cultural, social, and historical ties with its neighboring islands in the Caribbean, such as St. Lucia, Saint Vincent, and the Grenadines, Trinidad and Tobago, and Grenada.
If you are planning to visit or relocate to Barbados, it is essential to consider the cost of living. Although the country is widely known for its luxurious lifestyle and accommodation options, it is essential to note that the cost of living in Barbados is relatively high compared to other Caribbean nations. Nonetheless, its beautiful beaches, welcoming locals, delectable cuisine, and rich culture are unmatched.
Cost of Living Estimate in Barbados
You can calculate cost of living in Barbados by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
When it comes to dining in Barbados, visitors can expect a wide range of options that cater to various palates and budgets. From street food vendors that offer authentic Bajan cuisine such as fried fish cakes, macaroni pie and pork chops to fine dining restaurants that serve international and fusion cuisine with a Caribbean twist, there’s something for everyone.
One of the unique dining experiences visitors can have in Barbados is at the Oistins Fish Fry. This weekly event takes place on Friday nights at the Oistins Fish Market, where locals and visitors gather to enjoy freshly caught fish that’s been seasoned and grilled to perfection. The atmosphere is lively, with music and entertainment, and the vendors offer a variety of seafood dishes, sides and drinks. It’s a must-visit spot for anyone who wants to experience Bajan culture and cuisine.
Market prices in Barbados are influenced by a variety of factors, including supply and demand, the cost of production, and global market trends. As an island nation that is heavily dependent on imports, many goods in Barbados can be more expensive than in other regions. However, locally produced goods such as fresh fruits and vegetables can often be found at reasonable prices.
The tourism industry also plays a significant role in Barbados' market prices, with restaurants and hotels setting their prices based on what tourists are willing to pay. However, savvy travelers can still find affordable options by exploring local markets and eateries outside of the tourist hotspots. Overall, market prices in Barbados can be higher than in other regions, but with a little research and planning, it is possible to find good deals and enjoy all that this beautiful country has to offer.
When it comes to getting around Barbados, there are a number of transportation options that can help you explore the beautiful island. One of the best ways to experience everything Barbados has to offer is by renting a car. Many of the island's rental car providers offer affordable rates and a choice of vehicles, from small compact cars to larger, more luxurious models. This gives you the freedom to go wherever you want, whenever you want, without having to rely on public transportation or expensive taxi rides.
For those who prefer a more scenic and leisurely way to get around Barbados, there are also plenty of options for cycling and hiking. The island boasts a range of trails and pathways that wind through lush tropical forests, alongside pristine beaches, and up to stunning lookout points with breathtaking views. Whether you want to explore the coastlines and coves of the south, or the wild and rugged cliffs of the east, there is no shortage of incredible natural beauty to discover. And if you prefer to go on two wheels, you can rent a bicycle or join a guided tour to explore the island's stunning natural scenery at a more relaxed pace.
Utilities Per Month prices
When traveling to Barbados, it's important to keep in mind the cost of utilities. The island relies heavily on imported oil for its electricity generation, resulting in higher electricity costs compared to other destinations in the region. However, many hotels and accommodations have invested in renewable energy sources such as solar panels, which can help offset these costs while also being environmentally friendly.
Another utility to keep in mind during your travels is water. Barbados has a limited supply of fresh water, which is mostly collected through rainfall. While water is generally safe to drink from the tap, it's important to conserve water during your stay. Practices such as taking shorter showers, turning off faucets when not in use, and opting for reusable water bottles instead of single-use plastic can help preserve this precious resource and help keep costs down for both tourists and locals alike.
Sports And Leisure prices
Sports and leisure activities in Barbados are abundant and diverse, making it a destination that offers something for everyone. The island is renowned for its cricket and boasts a rich history of the sport, with the Kensington Oval being an iconic stadium that's a must-visit for any cricket lover. Visitors to the island can watch live matches or test their own skills by participating in cricket clinics. Other popular sports on the island include golf, tennis, water sports, and horse racing. With numerous world-class facilities and stunning backdrops, Barbados is the perfect place to indulge in your favorite sport or try something new.
While Barbados is primarily known for its sports scene, there are plenty of ways to unwind and relax on the island too. The island's pristine beaches are perfect for lounging or trying your hand at water sports like surfing, stand-up paddleboarding, or windsurfing. Visitors can also go hiking in the lush tropical forests, take a catamaran cruise, indulge in a spa treatment, or spend an afternoon shopping in the bustling markets. With so many options to choose from, Barbados is the ultimate destination for those seeking adventure, relaxation, or a mix of both.
Salaries And Financing prices
If you're considering moving to Barbados or starting a business here, you may want to know a bit about salaries and financing. Generally, salaries in Barbados are competitive with other Caribbean islands, but may be lower than what you're used to in North America or Europe. The cost of living is also significantly lower, however, so many expats find that they can live comfortably on a lower salary. As for financing, the country's banking system is relatively stable and offers a range of services for individuals and businesses. Interest rates may be higher than in some other countries, but there are plenty of options for loans, mortgages, and other types of financing.
For travelers, the cost of visiting Barbados can vary widely depending on your budget and interests. Luxury resorts, high-end restaurants, and upscale activities can be pricey, but there are also plenty of more affordable options. If you're on a tight budget, consider staying in a guesthouse or apartment rental, eating at local street vendors or small restaurants, and exploring the island's natural beauty and cultural offerings. Financing for travel to Barbados is also relatively easy, as most major airlines and credit card companies offer services here. Just be sure to shop around for the best rates and deals, and be prepared to pay a bit more for certain activities and amenities.
Childcare prices in Barbados vary depending on the type of facility. For schools, prices tend to be higher due to the rigorous academic curriculum and extracurricular activities offered. However, many schools offer financial assistance to families who qualify. Kindergartens, on the other hand, tend to have lower prices as they focus on play-based learning and socialization. Some kindergartens may also offer half-day programs for families who do not require full-time care.
The quality of childcare in Barbados is generally high, with many facilities focusing on providing a nurturing and stimulating environment for children. Many facilities also offer nutritious meals and snacks, as well as opportunities for outdoor play and exploration. While childcare prices in Barbados may be higher than in some other Caribbean countries, the quality of care and education provided make it worth the investment for many families.
Clothing And Shoes prices
Barbados is a popular vacation destination, and for good reason. The beautiful beaches, crystal clear water, and vibrant culture attract travelers from all over the world. When it comes to clothing and shoes, visitors can expect to find a great selection of high-quality items at reasonable prices. The island is home to several shopping centers and boutique stores, making it easy to find everything from swimwear and sandals to formal wear and designer shoes. Those looking for a unique shopping experience will appreciate the local markets, where vendors sell handcrafted items, street food, and more.
If you're looking for well-known brands, the shopping centers in Barbados have options like Clarks, Polo Ralph Lauren, and Levi's. These stores typically offer a wide range of sizes and styles to choose from, so you're sure to find something that fits your taste and budget. For those who prefer smaller, more intimate shopping experiences, the island has plenty of smaller boutiques and independent stores. These shops often stock unique items that can't be found anywhere else, making them the perfect place to pick up a special souvenir or gift for loved ones back home. No matter where you shop, you're sure to find great deals on clothing and shoes in Barbados.
Rent Per Month prices
Short-term rentals in Barbados are plentiful and cater to a variety of needs and budgets. Whether you are looking for a simple room or a luxurious villa, you can find something to suit your taste and style. Prices vary depending on location, amenities, and size, but there are options available for every budget. Many short-term rentals include free Wi-Fi, air conditioning, and on-site parking, while some also offer swimming pools and daily housekeeping services. Whatever your preference, you can be sure that you will find a comfortable and affordable option for your stay in Barbados.
If you are looking for a more cost-effective way to stay in Barbados, consider one of the many short-stay options. These options typically include stays of one to three nights and are ideal for travelers on a budget or those who simply want a short getaway. Prices for short-stay options are usually lower than those for typical short-term rentals and can be found at hotels, guesthouses, and hostels throughout the island. While the amenities may be more limited, you can still find comfortable and clean accommodations that will allow you to experience the beauty and culture of Barbados without breaking the bank.
Buy Apartment prices
Barbados is a beautiful Caribbean island that has become a hotspot for real estate investors. The island offers a variety of buying options, from luxurious villas and condos to more affordable apartments and townhouses. The real estate market in Barbados is diverse, catering to the needs of different investors with different budgets and preferences. Some of the most popular areas for real estate investment include St. James, St. Peter, and Christ Church, where investors can find properties with stunning ocean views and easy access to amenities such as fine dining, shopping, and entertainment.
When it comes to prices, Barbados is considered a high-end real estate market, with many properties selling for millions of dollars. However, the island also offers more affordable options for buyers looking to invest on a smaller scale. The cost of real estate in Barbados varies depending on location, property type, and amenities. Buyers can expect to pay a premium for properties in prime locations such as the west coast, but can also find great deals on properties in up-and-coming areas. Overall, Barbados is a great investment destination for those looking for a luxurious Caribbean lifestyle or those seeking affordable real estate opportunities.