Cost of Living in Bermuda 2026 — Rent, Food, Tax & BudgetAll figures are shown in EUR for comparability. The local currency of Bermuda is the Bermudian dollar (BMD).
Monthly Living Costs in Bermuda
Average prices from our cost dataset, re-checked on a rolling basis:
1BR Rent
per month, city average
3BR Rent
per month, city average
Groceries
per month, single person
Transport
per month, public transit pass
Utilities
per month, basic apartment
Meal Out
typical price per meal
Monthly budget (single person): €4,291 (1-bedroom rent + groceries + transport + utilities)
Monthly budget (couple): €4,906 (shared 1-bedroom rent, two of everything else)
These are national averages — actual costs vary by city and lifestyle.
How Expensive Is Bermuda Overall?
| Indicator | Value |
|---|---|
| Cost-of-living index (market data; higher = more expensive) | 144.1 |
| Rent index | 108.2 |
| Groceries index | 143.4 |
| Restaurant price index | 147.5 |
| Local purchasing-power index (higher = stronger) | 101.3 |
| Price level index (World Bank, 2024; US = 100) | 115 |
Salaries by Sector
Typical gross annual salaries in Bermuda from our sector dataset:
| Sector | Typical gross annual (EUR) |
|---|---|
| Finance | €98,200 |
| IT & Software | €93,825 |
| Healthcare | €76,450 |
| Engineering | €68,540 |
| Education | €56,200 |
| Construction | €48,130 |
| Retail | €47,350 |
| Hospitality | €41,640 |
Taxes in Bermuda
Headline tax figures that shape your take-home pay:
| Tax | Rate / amount |
|---|---|
| Effective income tax at €90k gross | 0% |
| Net monthly pay at €90k gross | €6,900 |
| VAT / sales tax | 0% |
| Top personal income-tax rate | 0% |
Worked example: on a €90,000 gross salary, net pay is about €6,900 per month. After rent and essentials (€4,291), roughly €2,609 per month is left for savings and discretionary spending.
How Bermuda Compares to Its Neighbours
| Country | 1BR Rent | Groceries | Transport | Cost index |
|---|---|---|---|---|
| Bermuda | €3,442 | €552 | €63 | 144.1 |
| United States | €1,850 | €420 | €110 | 100 |
| Mexico | €850 | €280 | €55 | 62.5 |
| Canada | €1,680 | €280 | €105 | 89.9 |
Quality of Life Metrics
Beyond cost, these factors shape everyday life in Bermuda:
Safety index
Healthcare index
Internet speed
English proficiency
Life expectancy
What It Costs to Get In: Visas & Residence
We track 1 residence and visa routes for Bermuda — see the full Bermuda visa programme list.
Our engine estimates a minimum financial viability of €4,291 per month to sustain a move to Bermuda.
Frequently Asked Questions
Is Bermuda expensive?
Bermuda has a cost-of-living index of 144.1 (higher = more expensive). A 1-bedroom apartment averages €3,442 per month and a single person spends about €4,291 per month on rent plus essentials.
How much money do I need per month in Bermuda?
About €4,291 per month covers rent and essentials for a single person (1-bedroom rent + groceries + transport + utilities). A couple sharing a 1-bedroom apartment needs about €4,906 per month.
What is the average rent in Bermuda?
A 1-bedroom apartment averages €3,442 per month and a 3-bedroom apartment averages €7,919 per month in Bermuda. Prices vary significantly between city centres and smaller towns.
What do people earn in Bermuda?
Typical gross annual salaries in Bermuda range from €41,640 (Hospitality) to €98,200 (Finance), based on our sector dataset.
Ready for the next step? See the Bermuda emigration guide.
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