Cost of Living in Bermuda: Rent, Housing & Income

Bermuda is a small island territory that imports most of what it sells, and that shows up in nearly every line of its price list. Anyone thinking about a work posting or a long stay should expect a budget that looks very different from mainland destinations. The figures below are crowd-sourced estimates from Numbeo, converted to US dollars. They come from a small island, so a handful of contributors can move an average, and exchange rates affect the conversion.

The page is built around the Numbeo data last checked on Oct 13, 2026. Livingcost does not publish a Bermuda page, so there is only one source here and you should treat the totals as a rough guide.

The World Bank's price level ratio for Bermuda was 119.8 in 2024, with the U.S. at 100. At market exchange rates, the same basket of goods and services cost about 120% of its U.S. price.

GDP per capita, adjusted for purchasing power, was 118,728 international dollars in 2024 (U.S.: 90,027 international dollars in 2025).

The numbers say yes. Basic monthly costs for one person who is not paying rent are $2,228.20/mo, and a family of four reaches $8,195.30/mo on the same basis. Before housing, a household is already spending a sum that would cover rent and more in many other countries.

Both lines exclude rent, so a realistic monthly figure is higher once you add housing. Because there is one source, there is no second estimate to cross-check, and the gap between the family and single totals is the best clue to how quickly costs grow with household size.

Housing is where the island stands out. A one-bedroom apartment in the center of Hamilton and its surroundings runs $2,500 – $5,000/mo, and outside the center $2,000 – $4,000/mo. Three-bedroom homes are far higher: $7,000 – $10,000/mo in the center and $4,500 – $10,000/mo outside it.

The ranges are broad. A rental is often tied to the unit's size, its distance to the water and whether utilities are included, so a quote that falls outside the range is not unusual. Ask whether a listing is furnished and whether the landlord covers any bills, because that changes the total more than the base rent does in many cases.

Basic utilities for an 85 square meter apartment are $200 – $400/mo, which is high compared with most places in this series. Broadband costs $130 – $200/mo and a mobile plan $130 – $210/mo. A monthly transit pass is $69 – $70/mo.

Transit looks inexpensive next to housing, but it only covers the bus and ferry system. Many residents who live far from work add a scooter or car, and costs for vehicles are not included here.

An inexpensive restaurant meal is $55 each on average, with reported prices from $30 each to $80 each. Grocery staples follow the same pattern. A liter of milk is $5.07 each and a dozen eggs are $7.87 each.

Fresh foods have to arrive by sea or air, which is one reason the grocery items are priced the way they are. If you cook at home, expect your food bill to be a large part of your total budget.

The average monthly net salary after tax is listed at $6,821.52/mo.

That figure sits well above the net salaries reported for most places in this series, which fits with the cost of housing. Compare your own offer against both rent and the single-person total before you accept a position, and ask whether an employer provides housing, a relocation allowance or health coverage.

• Health insurance, which is a required cost for many residents.
• Work permits and government fees for non-residents.
• School fees, including private school tuition.
• Flights to and from the island and shipping household goods.
• Taxes and social insurance contributions.

Check the official Bermuda government immigration pages and speak with a licensed advisor about permits, taxes and health coverage.

Start with the center-versus-outside gap in the rent table. If your job is in Hamilton, a rental farther out may save money but adds commuting time and bus or ferry fares. Ask for the lease length, the deposit and what is included in the rent. Shorter stays may cost more per month than a standard lease.