| Category | Details | Cost |
|---|---|---|
| Apartment Rentals | 1-bedroom apartment in city center | $2,500 – $3,500 per month |
| 1-bedroom apartment outside city center | $1,800 – $2,500 per month | |
| Apartment Purchases | Price per square meter in city center | $7,000 – $10,000 |
| Price per square meter outside city center | $4,000 – $6,000 | |
| Transportation | One-way ticket (local transport) | $4.50 |
| Monthly pass (regular price) | $69 | |
| Gasoline (1 liter) | $2.00 – $2.50 | |
| Taxi (1km) | $3.50 – $4.50 | |
| Groceries | Milk (1 liter) | $2.50 – $3.50 |
| Bread (500g) | $3.00 – $4.00 | |
| Rice (1kg) | $4.00 – $6.00 | |
| Chicken breasts (1kg) | $12.00 – $15.00 | |
| Restaurants | Meal at an inexpensive restaurant | $20.00 – $30.00 |
| Three-course meal for two at a mid-range restaurant | $100.00 – $150.00 | |
| Fast food meal (e.g., McDonald’s) | $8.00 – $10.00 | |
| Utilities | Basic (electricity, heating, cooling, water, garbage) for 85m2 apartment | $200.00 – $300.00 per month |
| 1 minute of prepaid mobile tariff (no discounts or plans) | $0.35 – $0.50 | |
| Internet (60 Mbps or more, unlimited data, cable/ADSL) | $100.00 – $150.00 per month | |
| Private School Tuition | Preschool (or Kindergarten) | $8,000 – $12,000 per year |
| Elementary School | $15,000 – $20,000 per year | |
| Middle School | $18,000 – $25,000 per year | |
| High School | $20,000 – $30,000 per year |
Monthly Budget for Retirees in Fairylands
“The cost of living in Fairylands is considered to be quite high. This is largely due to the fact that most goods, including food and clothing, have to be imported from overseas. Housing is also expensive, with both rental and purchase prices significantly higher than in many other countries. Utilities such as electricity and water are also costly, as is transportation, whether you’re buying a car or using public transport. Eating out, entertainment, and leisure activities can also be quite pricey. Despite the high cost of living, many people are drawn to Fairylands for its beautiful scenery, pleasant climate, and high standard of living,” said one expat living in Fairylands.
Can I live in Fairylands on $1,500 a month?
“I’ve been living in Bermuda for a while now, and I can tell you that living on $1,500 a month in Fairylands would be quite challenging, especially if you’re used to modern amenities. Bermuda is known for its high cost of living, and Fairylands is one of the more expensive neighborhoods on the island. To make it work, you’d have to make some significant sacrifices.First, you’d need to find affordable housing, which is difficult in Fairylands. You might have to consider sharing an apartment or house with roommates to split the rent. Alternatively, you could look for housing in more affordable neighborhoods like Warwick or Southampton. These areas are still close to the city of Hamilton, where you’ll find most of the job opportunities and amenities.Next, you’ll need to cut back on dining out and entertainment expenses. Eating out in Bermuda can be quite pricey, so you’ll want to cook most of your meals at home. You’ll also need to be mindful of your grocery shopping, as imported goods can be expensive. Stick to local produce and products when possible to save money.Transportation is another area where you can save. Owning a car in Bermuda is costly due to high import duties and annual licensing fees. Instead, consider using public transportation like buses and ferries, or invest in a scooter for getting around the island.Finally, you’ll need to be mindful of your utility usage. Electricity and water can be expensive in Bermuda, so be conscious of your consumption and try to conserve where possible.Overall, living on $1,500 a month in Fairylands would require some significant lifestyle adjustments and sacrifices. You might find it more feasible to live in a more affordable neighborhood and focus on cutting back expenses in other areas of your life,” commented an expat living in Fairylands.
Can I live in Fairylands on $3,500 a month?
“I’ve been living in Bermuda for a while now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, but you’ll have to make some sacrifices. First of all, you’ll need to find a more affordable neighborhood to live in. Fairylands is a beautiful area, but it’s also one of the more expensive parts of the island. I’d recommend looking into neighborhoods like Warwick or Southampton, which are still close to the city but have more reasonably priced housing options.As for other sacrifices, you’ll need to be mindful of your spending on things like groceries and dining out. Groceries can be quite expensive here, so I’d recommend shopping at discount stores like The MarketPlace or Supermart, and try to cook at home as much as possible. Dining out can also add up quickly, so try to limit that to special occasions or opt for more affordable restaurants and cafes.Transportation is another area where you can save money. Owning a car in Bermuda can be quite expensive, so I’d recommend using public transportation like buses and ferries, or even investing in a scooter for getting around the island. This will not only save you money on car payments and insurance but also on gas, which is quite pricey here.Finally, you’ll need to be mindful of your entertainment and leisure expenses. Bermuda has a lot of free or low-cost activities like going to the beach, hiking, or exploring the many parks and nature reserves. However, if you’re into more expensive hobbies like golf or sailing, you might need to cut back on those or find more affordable alternatives.Overall, living in Bermuda on $3,000 a month is doable, but you’ll need to be conscious of your spending and make some sacrifices in terms of housing, transportation, and leisure activities. But in my experience, the beauty and unique culture of the island make it well worth it,” said one expat living in Fairylands.
Can I live in Fairylands on $5,000 a month?
“I’ve been living in Bermuda 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. First, you’ll need to find a more affordable neighborhood to live in. Fairylands is a beautiful area, but it’s also one of the more expensive neighborhoods on the island. I’d recommend looking into places like Warwick, Southampton, or even St. George’s, which tend to be more budget-friendly.When it comes to housing, you’ll probably have to settle for a smaller place than you’re used to. Rent can be quite high here, so you might have to opt for a one-bedroom or even a studio apartment to stay within your budget. Utilities can also be pricey, so be prepared to cut back on your usage of electricity and water.Groceries and dining out can be expensive as well, since most food is imported. To save money, try shopping at local markets for fresh produce and fish, and cook at home more often. When you do go out to eat, look for more casual, local spots rather than high-end restaurants.Transportation is another area where you’ll need to make some adjustments. Owning a car in Bermuda is not only expensive, but also not very practical due to the island’s size and traffic restrictions. Instead, consider getting a scooter or relying on public transportation like buses and ferries.Finally, you’ll need to be mindful of your entertainment and leisure expenses. While there are plenty of free or low-cost activities to enjoy, such as going to the beach or exploring the island’s parks and nature reserves, you’ll want to limit how often you indulge in more expensive pursuits like golfing or going out for drinks.Overall, living in Bermuda on $5,000 a month is doable, but it will require some adjustments and sacrifices. By being mindful of your spending and choosing more affordable neighborhoods and activities, you can still enjoy a comfortable lifestyle on the island,” commented an expat living in Fairylands.
