Key Facts: Bahamas Wages
- Country
- Bahamas (BHS)
- Continent
- North America
- Currency
- Bahamian dollar (BSD)
- Minimum Wage
- B$6.50 /hr ($6.50 USD)
- Average Gross Monthly Salary
- B$3,500 /month
- Average Gross Annual Salary
- B$42,000 /year
- Median Individual Income
- B$24,000 /year
- Standard Work Week
- 40 hours
- Data Source
- Government of The Bahamas / Ministry of Labour
- Last Updated
- 2026-02-25
Bahamas — Average Salary & Wages
Bahamian dollar (BSD) Data verified Jan 2026 Sources
The average salary in Bahamas is
B$42,000 a year
But half of all workers earn less than B$24,000 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Bahamas is B$6.50/hr ($6.50 USD) as of 2026. The average gross monthly salary is B$3,500 ($3,500 USD). The median monthly income is B$2,000 ($2,000 USD).
Estimates based on available survey data. Significant income inequality between Nassau/Paradise Island and the Family Islands.
Average gross monthly salary across all sectors. The Bahamas has no personal income tax, but employees contribute to National Insurance (3.9% employee share). Net estimated after NIB deduction only. Tourism and financial services dominate the economy and pay above-average wages.
Minimum Wage Trend
Since 2002, the minimum wage has grown +73% in nominal terms.
• PPP ADJUSTED
In Bahamas, the minimum wage has the purchasing power of $6.77/hr in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Bahamas earns B$1,126.67/mo. That is 32% of the average gross salary.
- Monthly (full-time)
- B$1,126.67 at min. wage
- Share of avg. salary
- 32% gross, before tax
- USD equivalent
- $1,126.67/mo monthly
- Nominal growth
- +73% since 2002
Wage Breakdown
- Hourly
- B$6.50
- Monthly
- B$1,126.67Weekly wage of BSD 260 × 52 weeks / 12 months
- Annual
- B$13,520Weekly wage of BSD 260 × 52 weeks
The Bahamas sets its minimum wage on a weekly basis. The current rate is BSD 260 per week, increased from BSD 210 in January 2023. The Bahamian dollar is pegged 1:1 to the US dollar, so BSD 260/week equals USD 260/week. The Davis administration has indicated plans to raise the minimum wage further, though no timeline has been confirmed.
Work Week
- Standard
- 40 hrs/wk
- Maximum
- 40 hrs/wk
- Overtime
- 1.5x pay
Standard workweek is 40 hours (8 hours/day). Overtime is paid at 1.5x the regular rate for hours beyond 40 per week or 8 per day. Work on public holidays or rest days is paid at 2x the regular rate. Governed by the Employment Act, 2001.
How Bahamas Compares
| Metric | Bahamas | North America Avg. | North America Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $6.50/hr | $5.82/hr | $17.13/hr (Bermuda) |
| Avg. salary (USD equiv.) | $3,500/mo | $1,569.85/mo | $6,228/mo (United States) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Aruba | $6.47 |
| Malta | $6.53 |
| Estonia | $6.45 |
| French Polynesia | $6.42 |
| South Korea | $6.62 |
| Bahamas | $6.50 |
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Bermuda Cost of Living
Wages tell half the story. See purchasing power, prices, and quality-of-life context for Bahamas on our sister site.
Cost of living in Bahamas on costofliving.is →Frequently Asked Questions
What is the minimum wage in Bahamas?
The minimum wage in Bahamas is B$6.50/hr (approximately $6.50 USD), effective since 2023-01-01. The Bahamas sets its minimum wage on a weekly basis. The current rate is BSD 260 per week, increased from BSD 210 in January 2023. The Bahamian dollar is pegged 1:1 to the US dollar, so BSD 260/week equals USD 260/week. The Davis administration has indicated plans to raise the minimum wage further, though no timeline has been confirmed.
What is the average salary in Bahamas?
The average gross monthly salary in Bahamas is B$3,500 (approximately $3,500 USD). Average gross monthly salary across all sectors. The Bahamas has no personal income tax, but employees contribute to National Insurance (3.9% employee share). Net estimated after NIB deduction only. Tourism and financial services dominate the economy and pay above-average wages. Source: Department of Statistics, The Bahamas / World Bank estimates (2024).
How many hours is the standard work week in Bahamas?
The standard work week in Bahamas is 40 hours, with a legal maximum of 40 hours. Overtime is paid at 1.5x the normal rate. Standard workweek is 40 hours (8 hours/day). Overtime is paid at 1.5x the regular rate for hours beyond 40 per week or 8 per day. Work on public holidays or rest days is paid at 2x the regular rate. Governed by the Employment Act, 2001.
How has the minimum wage in Bahamas changed over time?
The minimum wage in Bahamas has changed as follows: B$650 in 2002, B$910 in 2015, B$1,126.67 in 2023. This represents 3 recorded adjustments.
What is the minimum wage in Bahamas in USD?
The minimum wage in Bahamas converts to approximately $6.50/hr in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Bahamas in USD?
The average gross monthly salary in Bahamas is approximately $3,500 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Bahamas's minimum wage compare to the North America average?
Bahamas's minimum wage ranks #12 out of 32 countries with statutory minimum wages in North America, placing it above the median for North America.
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