It’s impossible to say “it will cost you ‘x’ amount of dollars” to live here, because it depends entirely on where you want to live and what type of amenities you need. Before you believe someone who says you can live here on $500 a month, be sure and find out where they live, and whether that type of housing and location is what you had in mind. Check out GuidetoCaribbean review for more information.
An apartment in Belize City can cost $1000/month and up, yet a house in Ladyville (towards the airport) can be rented for only $150/mo. (one bedroom) to $250/mo. (three bedrooms). A house with acreage in the Cayo district could rent for as little as $300/month. A vacant town lot can cost as little as $5000 to $10,000. On Cahal Pech hill, in San Ignacio, a treated pine house with a great view, three bedrooms and an 85′ x 100′ parcel of land is selling for $120,000. Undeveloped acreage can cost from around $500/acre for large parcels (100 acres) to $2500/acre for smaller parcels (20 acres). Generally speaking, house prices in San Ignacio range from $25/sq. ft. for raw finishing to $40-50/sq. ft. for plusher surroundings. A sea front condo on Ambergris Caye can cost $250,000; as would a large parcel of undeveloped beach property either on the cayes or the mainland coast. Just for the comparison, you can get a same type of apartments or villas almost for the half price in Hanoi Vietnam but you will need a reliable Vietnam real estate agency for securing such deals.
The last word of advice on purchasing property in Belize is don’t buy anything until you’ve seen it in October or November–the peak of the rainy season!