| Apartment Rentals | The average cost of renting an apartment in Hamilton is around $2,500 per month. This can vary depending on the size and location of the apartment. |
| Apartment Purchases | The average cost of purchasing an apartment in Hamilton, Bermuda is around $1,000,000. This can vary depending on the size and location of the apartment. |
| Transportation | Public transportation in Hamilton, Bermuda is relatively inexpensive. A single bus fare is around $2.50 and a monthly bus pass is around $50. Taxis are also available and the cost of a taxi ride is around $5. |
| Groceries | The cost of groceries in Hamilton, Bermuda is relatively high. A gallon of milk is around $7, a dozen eggs is around $5, and a loaf of bread is around $4. |
| Restaurants | The cost of eating out in Hamilton, Bermuda is relatively high. A meal at a mid-range restaurant is around $50 per person. A meal at a fast food restaurant is around $10 per person. |
| Utilities | The cost of utilities in Hamilton, Bermuda is relatively high. The average cost of electricity is around $200 per month, the average cost of water is around $50 per month, and the average cost of internet is around $100 per month. |
| Private School Tuition | The cost of private school tuition in Hamilton, Bermuda is relatively high. The average cost of preschool tuition is around $5,000 per year, the average cost of elementary school tuition is around $10,000 per year, the average cost of middle school tuition is around $15,000 per year, and the average cost of high school tuition is around $20,000 per year. |
Monthly Budget for Retirees in Hamilton
“The cost of living in Hamilton is generally considered to be high. Prices for basic necessities such as food, housing, and transportation are all more expensive than in many other parts of the world. Additionally, the cost of entertainment and leisure activities can be quite high, as well as the cost of medical care. Despite the high cost of living, Hamilton is a desirable place to live due to its beautiful beaches, warm climate, and vibrant culture,” said one expat living in Hamilton.
Can I live in Hamilton on $1,500 a month?
“I’ve been living in Hamilton for a while now, and I can tell you that it’s quite challenging to live comfortably on $1,500 a month, especially if you’re used to modern amenities. However, it’s not impossible if you’re willing to make some sacrifices. First, you’ll need to find affordable housing. Some of the more affordable neighborhoods in Hamilton include Friswell’s Hill, Spanish Point, and Pembroke Parish. These areas are generally more budget-friendly, but you might have to compromise on the size and quality of your living space. On the other hand, you should avoid neighborhoods like Tucker’s Town, Fairylands, and Point Shares, as they tend to be more expensive.Next, you’ll need to be mindful of your transportation costs. Owning a car in Bermuda can be quite expensive due to high import duties and limited parking in Hamilton. Instead, consider using public transportation like buses and ferries, or even getting a scooter, which is a popular mode of transportation on the island. This will help you save on gas and parking fees.When it comes to groceries and dining out, you’ll need to be strategic. Imported goods can be quite expensive in Bermuda, so try to shop at local markets and buy seasonal produce. Cooking at home will also help you save money, as dining out can be pricey, especially in touristy areas. If you do want to eat out occasionally, look for more affordable options like food trucks and local pubs.Finally, you’ll need to be mindful of your entertainment and leisure expenses. Bermuda has plenty of free or low-cost activities, like going to the beach, hiking, or exploring the island’s parks and nature reserves. However, you might need to cut back on more expensive activities like golfing, scuba diving, or attending events and concerts.In conclusion, living comfortably on $1,500 a month in Hamilton, Bermuda is challenging, but not impossible if you’re willing to make some sacrifices and be strategic with your spending. By choosing affordable neighborhoods, using public transportation, shopping smartly, and being mindful of your leisure expenses, you can make it work,” commented an expat living in Hamilton.
Can I live in Hamilton on $3,500 a month?
“I’ve been living in Hamilton for a while now, and I can tell you that it’s possible to live comfortably on $3,000 a month, but you’ll have to make some sacrifices. The cost of living here is quite high, especially when it comes to housing and groceries. To make it work, you’ll need to be smart about where you choose to live and how you spend your money.First, let’s talk about housing. Some of the more expensive neighborhoods in Hamilton are Tucker’s Town, Fairylands, and Point Shares. I would recommend avoiding these areas if you’re trying to stick to a $3,000 a month budget. Instead, consider looking for a place in more affordable neighborhoods like Pembroke, Devonshire, or even Warwick. You might have to settle for a smaller apartment or a shared living situation, but it will help you save money on rent.Next, you’ll need to be mindful of your grocery spending. Groceries in Bermuda can be quite expensive, especially if you’re used to shopping at large supermarkets in the US or Europe. To save money, try shopping at local markets and smaller grocery stores, where you can often find better deals on fresh produce and other essentials. Also, consider cooking at home more often instead of eating out, as restaurant prices can be quite high.Transportation is another area where you can save money. Owning a car in Bermuda can be expensive due to high import taxes and limited parking options. Instead, consider using public transportation like buses and ferries, or invest in a scooter for getting around the island. This will not only save you money on transportation costs but also help you avoid the hassle of finding parking in Hamilton.Finally, be prepared to cut back on some of the luxuries you might be used to. While Bermuda has plenty of beautiful beaches and outdoor activities to enjoy, you might have to skip some of the more expensive entertainment options like golfing or high-end spas. Instead, focus on enjoying the natural beauty of the island and taking advantage of free or low-cost activities like hiking, snorkeling, or exploring the many parks and nature reserves.In conclusion, living comfortably on $3,000 a month in Hamilton, Bermuda is possible, but it will require some sacrifices and smart budgeting. By choosing an affordable neighborhood, being mindful of your grocery spending, using public transportation, and cutting back on luxuries, you can make it work and enjoy all that this beautiful island has to offer,” said one expat living in Hamilton.
Can I live in Hamilton on $5,000 a month?
“I’ve been living in Hamilton for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, but you’ll have to make some sacrifices. The cost of living here is quite high, especially when it comes to housing and groceries. First, let’s talk about housing. If you want to live in a more affordable neighborhood, I’d recommend looking into places like Pembroke or Devonshire. These areas are still close to the city center, but the rent is more reasonable compared to the more expensive neighborhoods like Paget or Warwick. You can expect to pay around $2,000 to $3,000 a month for a one or two-bedroom apartment in these areas. Now, when it comes to groceries, you’ll have to be prepared to spend more than you’re used to. Imported goods are quite expensive here, so I’d recommend buying local produce whenever possible. You can also save money by cooking at home more often and limiting how often you eat out at restaurants. Transportation is another expense you’ll have to consider. Owning a car in Bermuda can be quite costly, so I’d recommend using public transportation or getting a scooter to get around. The bus and ferry system is pretty reliable, and a monthly pass will cost you around $70. As for other expenses, you’ll have to be mindful of your utility bills, especially electricity, which can be quite expensive. Try to be energy-efficient and use air conditioning sparingly. In terms of entertainment and leisure activities, there are plenty of free or low-cost options to enjoy, like going to the beach, hiking, or exploring the island’s parks and nature reserves. However, you might have to cut back on more expensive activities like golfing or frequent trips off the island. Overall, living in Hamilton, Bermuda on $5,000 a month is doable, but you’ll have to be mindful of your spending and make some sacrifices. By choosing a more affordable neighborhood, being conscious of your grocery and utility expenses, and finding low-cost entertainment options, you can make it work and enjoy your time on this beautiful island,” commented an expat living in Hamilton.
