Cost of Living in Bermuda
Upscale Atlantic territory with pink sands and zero income tax, catering to reinsurance pros and those seeking safety.
Explore the Wise account£4,410
Average cost per month
Distribution of Expenses
Cricket & business shorts
Pink sands & mid-Atlantic isolation
Global finance hub; exclusive prices
Cost of living breakdown for Bermuda
You can expect to spend around £4,410 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
Bermuda average costs for food and drink.
Salary & Services
Bermuda average salaries and services.
Average living costs in Bermuda
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £2,762.53 | £1,845.91 - £3,322.63 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £1,808.99 | £1,476.72 - £2,562.12 |
| 3 Bedroom Apartment in City CentreRent Per Month | £6,356.06 | £5,168.53 - £7,383.62 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £5,594.94 | £3,322.63 - £7,383.62 |
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Frequently asked questions
The cost of living in Bermuda depends on your lifestyle and location. On average, a single person needs £1,670 per month without rent, while a family of four requires £5,837. Renting a 1-bedroom apartment in the city centre costs an additional £2,763 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Bermuda costs £4. If you are commuting regularly, a monthly pass is typically priced at £51.
The average monthly net salary (after tax) in Bermuda is currently £5,166.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Bermuda costs approximately £41, while a three-course meal for two people at a mid-range restaurant costs around £111.
The estimated monthly cost of living in Bermuda for a single person is £1,670, excluding rent.
For a family of four living in Bermuda, the estimated monthly costs are £5,837, not including rent.
Rent prices in Bermuda depend on location. The average monthly rent for a 1-bedroom apartment in a city centre is £2,763, compared to £1,809 outside the centre. For a 3-bedroom apartment, the average is £6,356 in city centres and £5,595 in suburban areas.
Basic utilities in Bermuda (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £187 per month. Internet access typically adds another £113.