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Cost of living in Belize

Average monthly spending, by standard of living and against other countries

#25 priciest in Latin America

Monthly cost

BZD 654

what a typical person spends

Spending by standard of living

poorest 20%
BZD 248
richest 20%
BZD 1,990

Belize leans on imports the way coastal economies tend to, and that quietly lifts the price of ordinary things. With much of what people buy shipped in and tourism shaping a good part of the economy, a simple life costs more than the size of the place suggests. And the gap between living well and just getting by is wide — comfort and struggle aren't far on the map, but worlds apart in practice.

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What it costs to live in Belize

Tell us what you earn and spend today — we'll estimate what the same lifestyle would cost in Belize and how much you could have left each month

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  • How much could be left each month
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Cost of living in Belize

BZD 248/mo

vs BZD 1,600 in your country

Take-home

BZD 1,140

vs BZD 2,400 in your country

Potential savings

BZD 890

more than in your country

Standard of living

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How living costs in Belize compare

Belize falls on the cheaper side of Latin America, yet it doesn't reach the rock-bottom costs of its mainland neighbors. Measured against the world it still lands in the middle, which makes for a mixed takeaway: easy on the budget for the region, but not the bargain a small country tucked into Central America might lead you to expect.

monthly spend · % vs Belize
1Cayman Islands
BZD 5,480+738%
2Mexico
BZD 1,380+111%
3Guatemala
BZD 696+6%
4Belize
BZD 654
5El Salvador
BZD 626-4%
6Honduras
BZD 368-44%
7Nicaragua
BZD 316-52%

Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), adjusted to 2026 using IMF GDP-per-capita growth

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Frequently asked questions

What is the cost of living in Belize?

A typical person in Belize spends about BZD 654 a month — around BZD 7,850 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.

What is the cost of living in Belize in US dollars?

The cost of living in Belize is about $327 a month, or roughly $3,924 a year per person.

How much money do you need to live comfortably in Belize?

It all depends on your standard of living. A modest budget runs about BZD 248 a month per person, a typical one around BZD 654, and a comfortable life around BZD 958. In big cities and for a family, costs are usually higher.

Is the average salary in Belize enough to live on?

Yes, with room to spare. Average spending is about BZD 654 a month, while the average take-home pay in Belize is about BZD 1,460. For more on incomes, see salaries in Belize.

Is Belize an expensive country to live in?

Somewhat. Belize is more expensive than 48% of countries worldwide and ranks 25th of 33 in Latin America by cost of living.

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Living in Belize

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