| Category | Details | Cost |
|---|---|---|
| Apartment Rentals | 1-bedroom apartment in city center | $2,000 – $2,500 per month |
| 1-bedroom apartment outside city center | $1,500 – $2,000 per month | |
| Apartment Purchases | Price per square meter in city center | $6,000 – $8,000 |
| Price per square meter outside city center | $4,000 – $6,000 | |
| Transportation | One-way local transport ticket | $4.50 |
| Monthly local transport pass | $69 | |
| Gasoline (1 liter) | $2.00 – $2.20 | |
| Taxi (1 km) | $3.50 – $4.00 | |
| Groceries | Milk (1 liter) | $2.50 – $3.00 |
| Bread (500g) | $3.00 – $4.00 | |
| Rice (1 kg) | $4.00 – $5.00 | |
| Chicken breasts (1 kg) | $12.00 – $15.00 | |
| Restaurants | Meal at an inexpensive restaurant | $15.00 – $20.00 |
| Three-course meal for two at a mid-range restaurant | $100.00 – $150.00 | |
| Fast food meal | $8.00 – $10.00 | |
| Utilities | Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment | $200.00 – $300.00 per month |
| Internet (60 Mbps or more, unlimited data, cable/ADSL) | $100.00 – $150.00 per month | |
| Mobile phone (1 minute of prepaid mobile tariff, no discounts or plans) | $0.35 – $0.50 | |
| Private School Tuition | Preschool (or Kindergarten) | $8,000 – $12,000 per year |
| Elementary School | $12,000 – $18,000 per year | |
| Middle School | $15,000 – $20,000 per year | |
| High School | $18,000 – $25,000 per year |
Monthly Budget for Retirees in Warwick
“Living in Warwick is considered to be quite expensive. The cost of housing is particularly high, with both rental and purchase prices significantly above the global average. Utilities such as electricity, water, and gas are also costly due to the island’s remote location and lack of natural resources. Groceries and dining out can also be expensive in Warwick, as most food items are imported. Healthcare is of a high standard but comes with a high price tag. Transportation costs can vary, depending on whether one uses public transport or owns a vehicle. Owning a car can be expensive due to the high cost of importation and gasoline. Despite the high cost of living, many residents feel that the quality of life, safety, and natural beauty of Warwick, Bermuda make it worth the expense,” said one expat living in Warwick.
Can I live in Warwick on $1,500 a month?
“I’ve been living in Warwick for a while now, and I can tell you that it’s possible to live on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find a place to live that’s affordable. Warwick is a beautiful parish, but some neighborhoods can be quite expensive. I’d recommend looking for a rental in the more affordable areas like Khyber Pass or Cobb’s Hill. Avoid the more expensive neighborhoods like Riddell’s Bay or Belmont Hills.Next, you’ll need to be mindful of your transportation costs. Owning a car in Bermuda can be quite expensive, so I’d recommend using public transportation like buses and ferries, or even getting a scooter to get around. This will save you a lot on gas and insurance costs.When it comes to groceries and eating out, you’ll need to be budget-conscious. Groceries can be expensive in Bermuda, so try to shop at local markets and buy in-season produce. Eating out can also add up quickly, so try to cook at home as much as possible and limit dining out to special occasions.You’ll also 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. Try to take advantage of these instead of spending money on more expensive activities like golfing or going to high-end bars and restaurants.Lastly, you’ll need to be prepared for the high cost of utilities in Bermuda. Electricity, water, and internet can be quite expensive, so try to conserve energy and water as much as possible and look for an affordable internet plan.Overall, living in Warwick, Bermuda on $1,500 a month is doable, but you’ll need to be prepared to make some sacrifices and be mindful of your spending,” commented an expat living in Warwick.
Can I live in Warwick on $3,500 a month?
“I’ve been living in Warwick 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 in Bermuda 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. Warwick is a beautiful parish, but some neighborhoods can be quite expensive. I’d recommend avoiding the more upscale areas like Riddell’s Bay and Belmont Hills, as the rent prices there can be quite steep. Instead, look for more affordable neighborhoods like Khyber Pass or Cobb’s Hill. 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 budget. Groceries in Bermuda can be quite expensive, especially if you’re used to shopping at big chain stores in the US or UK. To save money, try shopping at local markets like The Marketplace or Lindo’s, where you can find more affordable prices on fresh produce and other essentials. You might also want to consider cutting back on 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, so I’d recommend relying on 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 can be quite pricey here.Finally, you’ll need to be mindful of your entertainment and leisure expenses. While Bermuda offers a lot of fun activities and attractions, some of them can be quite costly. To save money, try to take advantage of the island’s natural beauty by enjoying free activities like hiking, swimming, and exploring the many parks and beaches. You can also look for local events and festivals that offer free or low-cost entertainment.In conclusion, living comfortably on $3,000 a month in Warwick, Bermuda is possible, but you’ll need to make some sacrifices and be smart about your spending. By choosing an affordable neighborhood, being mindful of your grocery and transportation expenses, and enjoying low-cost or free activities, you can make it work and enjoy your time on this beautiful island,” said one expat living in Warwick.
Can I live in Warwick on $5,000 a month?
“I’ve been living in Warwick for a while 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 in Bermuda 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. Warwick is a beautiful parish, but some neighborhoods can be quite expensive. I’d recommend avoiding the more upscale areas like Riddell’s Bay and Belmont Hills, as the rent there can be quite steep. Instead, look for more affordable neighborhoods like Khyber Pass or Cobb’s Hill. You can find decent apartments or small houses for around $2,000 to $3,000 a month, which should leave you with enough money for other expenses.Next, you’ll need to be mindful of your grocery budget. Imported goods can be quite pricey, so try to shop at local markets and buy seasonal produce. You can also save money by cooking at home instead of eating out, as restaurants in Bermuda can be expensive. If you do want to treat yourself to a meal out, there are some more affordable options like pizza places and cafes.Transportation is another area where you can save money. Owning a car in Bermuda can be costly, so I’d recommend using public transportation like buses and ferries, or getting a scooter for getting around the island. This will not only save you money on gas and maintenance but also help you avoid the island’s traffic.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, if you’re into golf or other more expensive hobbies, you might need to cut back on those to make your budget work.Overall, living in Warwick, Bermuda on $5,000 a month is doable, but you’ll need to be smart about your spending and make some sacrifices. By choosing an affordable neighborhood, being mindful of your grocery and transportation expenses, and enjoying the island’s natural beauty, you can live comfortably and enjoy your time as an expat in Bermuda,” commented an expat living in Warwick.
