Mywage.org/Bahamas

Did you know that no worker in the Bahamas, irrespective of their gender, age or sector of work, can be paid less than the government mandated minimum wage? The employers who are unable to meet the set criteria can be subjected to punishment by the government. In the case that a weekly wage is defined, the monthly wage is calculated as 4.33 times of this weekly wage. Learn more about minimum wage in The Bahamas

Are goods becoming more expensive or cheaper in the Bahamas? Cost of living is one of the most important aspects for any citizen living in a country. It determines one’s expenditure on consumption and therefore, one’s lifestyle over a certain period of time. Take the survey on Cost of Living in the Bahamas 

The Bahamas is the Caribbean country with the highest GNI per capita and yet, 14.41% of its population is unemployed. Despite the lack of income tax and the higher minimum wage of $42 per day, unemployment is growing, from 9.8% in 2017 to 14.41% in 2020. This can be attributed to the significant job losses in tourism and other sectors due to the Covid-19 pandemic.  If you are looking for a job, take our salary survey and find out the salary that others receive for the position you’re applying for

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• Being a tourist in The Bahamas can be expensive. Every year, millions of tourists spend billions of dollars vacationing in the country. As a visitor, depending on the season and location, average daily spending might vary anywhere from US $30 to $400. Help us understand the cost of living in the Bahamas
• The Bahamian economy is predominantly dependent on tourism and international financial services. Agriculture accounts for a small portion of the GNP and the country imports most food products from the United States. Complete the salary survey to contribute to more knowledge about wages in the Bahamas
• The Bahamian dollar is pegged to the United States dollar on a one-on-one basis. That is,  1 Bahamian dollar is equal to 1 USD. The Bahamas has the 47th freest economy as reported by The Heritage Foundation. What are salaries in the Bahamas?