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Horseshoe Bay, Bermuda

Cost of Living in Bermuda

By Joshua Wood, LPC

Last updated on Feb 03, 2024

Summary: The cost of living in Bermuda is generally high, especially when compared to other countries. A nice one bedroom apartment in Bermuda can cost anywhere from $2,000 to $3,000 per month in US Dollars. A nice two bedroom apartment can cost anywhere from $3,000 to $4,500 per month in US Dollars. The cost of dinner at a moderately priced restaurant in Bermuda is usually around $50 per person in US Dollars.

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Is the cost of living in Bermuda high?

We asked people how much they someone comfortably live on in Bermuda, they wrote:

"The cost of living in Bermuda is generally higher than in other countries due to the high import taxes and the fact that most goods and services must be imported. Rent and utilities tend to be more expensive than in other countries, and the cost of food and other necessities can also be higher. Transportation costs can also be high, as there is no public transportation system and most people rely on taxis or private vehicles," remarked one expat in Bermuda.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Horseshoe Bay, Bermuda

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