For people who want to retire to an affordable yet amazing beach, living in Belize is the ideal place. Expat Life in BelizeBut like everything else, good is always associated with bad, and living in Belize does have its cons. The costs of living are not that highThe costs of living in Belize are not that high. If you are a non-resident, this will not apply, and you will have to pay taxes right from the start. Moreover, if you transfer real estate, you also have to pay taxes, and you will have to pay taxes on any properties that you do own.