What is the average cost of housing in Bermuda?
If you are thinking about moving to Bermuda, cost of living in probably a key consideration. Expats commented about the cost of housing...
"The cost of housing in Bermuda is generally quite high, with the average price for a single-family home ranging from $500,000 to $2 million. Renting is also expensive, with the average cost of a one-bedroom apartment ranging from $1,500 to $3,000 per month," commented one expat who made the move to Bermuda.
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"Much, much higher than in Canada and, according to my American friends, also higher than most US places. However, we pay no income tax -- although there is a 5% payroll tax levied -- nor do we have sales tax. To purchase, the 'average' two-bedroom cottage sells for $950,000 and two-bedroom condo goes for $725,000. That's US $ and these are available only for purchase by Bermudians," remarked another expat in Bermuda, Bermuda.
Other Questions:
- What should I pack when moving to Bermuda?
- Where should I setup a bank account in Bermuda?
- Will I be able to find a job in Bermuda?
- What is life like in Bermuda?
- What do expats in Bermuda appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Bermuda?
- Is there a lot of diversity? Are people in Bermuda accepting of differences?
- What are the schools in Bermuda like?
- What are healthcare services like in Bermuda?
- What are medical services in Bermuda like?
- Are healthcare and health insurance expensive in Bermuda?
- What are emergency services like in Bermuda?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Bermuda?
- How are local medical facilities in Bermuda?
- As a foreigner living in Bermuda, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
What is the average cost of housing in Bermuda?
If you live in Bermuda, newcomers to Bermuda would love to hear your answer to this question.
About the Author
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.
