Belize: Reef, Ruins, Rivers, And Rainforests, Plus Easy Residency And Tax-Free Living Free Report

FREE REPORT: DISCOVER BELIZE






    We Value Your Privacy! We will not share your email address with anyone else, period.

    Cost Of Living In Belize

    Buy Local and Stretch Your Dollars in Belize

    Learn more about this ​​​and other countries in our free, daily Overseas Opportunity Letter, plus our In Focus: Belize newsletter Simply enter your email address below and we’ll send you our FREE REPORT: Discover Belize: Reef, Ruins, Rivers, And Rain Forest... Plus Easy Residency And Tax-Free Living






      We Value Your Privacy! We will not share your email address with anyone else, period.






        We Value Your Privacy! We will not share your email address with anyone else, period.
        Colorful tropical small market of fresh produce in Belize. cost of living in belize
        iStock/Kacie Crisp photo

        Buy Local and Stretch Your Dollars in Belize

        Living the simple life in Belize can help you stretch your hard-earned money. This is good news for anyone seeking a place to live that offers a high quality of life on a fixed income, but this may mean planning for a different future.

        Tourists may not experience these cost savings, but full- and part-time residents living in Belize quickly begin to see the benefits.

        First, many costs are less than what you will be used to back home. Second, your lifestyle is likely to be different. It is less about keeping up with the Joneses and more about living a comfortable lifestyle.

        Get ​Your Free ​Belize Report Today!

        Simply enter your email address below and we’ll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






          We Value Your Privacy! We will not share your email address with anyone else, period.

           

          The key to maintaining a low cost of living in Belize is getting to know the local vendors, farmers, and suppliers. I have several Belizean friends with higher standards of living than many “First World” residents. They purchase locally grown foods, which are far superior to the more expensive processed foods imported from abroad.

          Also, they have more quality time with their family and friends because they can afford maids, cooks, and gardeners. They build their houses using readily available local materials and talent. If they need something that isn’t on hand, they go to the Mennonites in Spanish Lookout who can fabricate just about anything for far less the cost of importing it.

          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

          Start Your New Overseas Life Today

          A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






            We Value Your Privacy! We will not share your email address with anyone else, period.

            Table Of Contents

            Cost Of Living In Belize Varies

            A white sand beach in Placencia, Belize. cost of living in belize

            Here at Live And Invest Overseas, we believe the biggest potential for both fun and profit lies beyond the borders of the United States.

            One of the best places for a Key West lifestyle at a lower cost is little, unassuming Belize, a Caribbean nation of about 400,000 people.

            In Cayo, Belize, you can enjoy a very fulfilling life for US$1,000 per month, if you buy locally and use the local resources.

            Placencia’s cost of living is very similar to that of Ambergris Caye. Also, it is a popular tourist area, with fantastic beaches. However, you’ll need a car if you live there, or on most other areas on the mainland.

            Get ​Your Free ​Belize Report Today!

            Simply enter your email address below and we’ll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






              We Value Your Privacy! We will not share your email address with anyone else, period.

              You could live in Corozal or San Ignacio for less than US$2,000/month for a couple.

              As mentioned in the retirement category, to become a Qualified Retirement Person, you are required to demonstrate that you can move US$24,000 per year into Belize. This amount covers you, your spouse, and any dependents that move with you.

              In short, you can see that $24,000 a year is what the Belizean government believes to be a comfortable amount for U.S. citizens to live on here.

              Sample Monthly Budget For Living In Belize

              Personal spending habits can vary drastically, but the following sample is based on a two-person household living a comfortable expatriate lifestyle (not lavish, but not too meager). 

              It is assuming that your own your home and car outright.

              For example, renting an unfurnished home is likely to cost around US$450.00 to $600.00 per month, based on location.

               
              Cost of Living In BelizeMonthly Budget iI US$
              Food (Groceries)$150 to $300
              Electricity (750kwh avg.)$200
              Water$75
              Gas (Household)$25
              Cable Television$25
              Internet, Telephone$100
              Entertainment (Dining, Movies, Bars, Etc.)$150
              Miscellaneous Expenses (Home Goods, Etc.)$100
              Household Help (Maid, Gardener, Etc.)$200
              Property Taxes (Home Ownership)$10
              Homeowner’s Insurance (Home Ownership)$150
              Car Registration (Car Ownership)$8
              Car Insurance (Car Ownership)$30
              Maintenance (Car Ownership)$25
              Fuel (Car Ownership)$150
              Monthly total$1,398 to $1,548

              Get ​Your Free ​Belize Report Today!

              Simply enter your email address below and we'll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






                We Value Your Privacy! We will not share your email address with anyone else, period.

                Belize Is A Top Retirement Destination For US Citizens

                Taxes In Belize

                Calculator with text Tax. taxes in paraguay

                Income Tax

                Charged at a top rate of 25% for residents. Amounts under $14,500 are not taxable. Pensions are also exempt. You are not taxed on earnings made outside of Belize.

                Real Estate and Property Tax

                Property tax in Belize is very affordable. Rates vary between 1 and 12% the value of the land and the house combined. Property tax in the countryside is based only on the value of the land. This is a measure which has been implemented by the Belizean government to encourage investment outside of the cities.

                Get ​Your Free ​Belize Report Today!

                Simply enter your email address below and we’ll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






                  We Value Your Privacy! We will not share your email address with anyone else, period.

                  Value Added Tax (VAT)

                  VAT is 12.5%. If your earnings come from outside of Belize such as though work or a U.S. pension then these will be tax free in Belize.

                  A tax affecting expatriate residents is the national 12.5% Goods and Services (GST) tax on nearly everything, with exclusions only made for some food and medical items. Import taxes are a primary source of government revenue. They vary but can range up to 80% of the value of imported goods.

                  Official residents in Belize under the Retired Persons Incentive Act do not have to pay import duties on a car, boat, plane and up to US$15,000 in household goods imported into the country.

                  For those working for pay, the country has a progressive personal income tax with a top personal rate of 25%. There is no estate or capital gains tax.

                  On real estate purchases, buyers currently must pay a 5% transfer fee, rolled back in mid-2006 from 15% formerly paid by non-citizens. The 12.5% GST applies to purchases of new condos, new homes and lots in a subdivision.

                  Get ​Your Free ​Belize Report Today!

                  Simply enter your email address below and we'll send you our ​FREE REPORT – ​​Discover Belize: Reef, Ruins, Rivers, And Rain Forest… Plus Easy Residency And Tax-Free Living






                    We Value Your Privacy! We will not share your email address with anyone else, period.
                    Kathleen

                    Reviewed By Kathleen Peddicord

                    Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

                    Start Your New Overseas Life Today

                    A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






                      We Value Your Privacy! We will not share your email address with anyone else, period.

                      Table Of Contents

                      Page: Cost Of Living In Belize - FAQs

                      Be The First To Ask About Cost Of Living In Belize

                      Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                      Portugal is known for Fado music and also for being the largest cork producer in the world.

                      Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                      Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

                      Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

                      BEST PLACES TO RETIRE 

                      FREE REPORT:






                        We Value Your Privacy! We will not share your email address with anyone else, period.

                        Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

                        RETIRE OVERSEAS AND LIVE LIKE ROYALTY






                          We Value Your Privacy! We will not share your email address with anyone else, period.