MigrantoCost of living in Bermuda
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in Bermuda
Spending runs from BMD 1,820 a month in the poorest fifth to BMD 10,900 in the richest
Per person, whole country
BMD 4,260
what a typical person spends in a month
Spending across the population
BMD 1,820richest 20%
BMD 10,900
Where people spend money in Bermuda
One person's out-of-pocket spending, averaged across the whole country
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Key facts
The cost of living in Bermuda in numbers
Housing takes an unusual share of the budget
It absorbs 35.5% of spending here, or BMD 1,510 a month, against 18.4% in a typical country, 17.1 points more.
Among the most expensive countries in the world
More expensive than 100% of countries. A basket that costs BMD 1,000 at world-middle prices costs BMD 2,730 here.
How living costs in Bermuda compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Bermuda against other countries
More expensive than 100% of countries
Where Bermuda sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs BMD 1,000 at world-middle prices costs BMD 2,730 here.
Data source: household consumption 2024 (World Bank, regional estimate), International Comparison Program 2021 (World Bank), category breakdown 2023 (United Nations Statistics Division), adjusted to 2026 using IMF GDP-per-capita growth
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What it costs to live in Bermuda
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Cost of living in Bermuda
BMD 1,820/mo
vs BMD 800 in your country
Take-home
BMD 2,390
vs BMD 1,200 in your country
Potential savings
BMD 575
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Bermuda?
A typical person in Bermuda spends about BMD 4,260 a month — around BMD 51,100 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Bermuda?
By spending, Bermuda ranks #1 of 185 countries. A typical person spends about BMD 4,260 a month, the poorest 20% about BMD 1,820 and the richest 20% about BMD 10,900. The gap between them shows how unevenly people live.
What is the cost of living in Bermuda in US dollars?
The cost of living in Bermuda is about $4,259 a month, or roughly $51,108 a year per person.
How much money do you need to live comfortably in Bermuda?
It all depends on your standard of living. A modest budget runs about BMD 1,820 a month per person, a typical one around BMD 4,260, and a comfortable life around BMD 6,010. In big cities and for a family, costs are usually higher.
What do people spend the most on in Bermuda?
The biggest expense is housing, at about BMD 1,510 a month (36% of spending). Then come transport (BMD 311, 7%) and groceries (BMD 307, 7%).
Is the average salary in Bermuda enough to live on?
Yes, with room to spare. Average spending is about BMD 4,260 a month, while the average take-home pay in Bermuda is about BMD 5,980. For more on incomes, see salaries in Bermuda.
Is Bermuda an expensive country to live in?
Yes. Bermuda is more expensive than 100% of countries worldwide and ranks 1st of 3 in North America by cost of living.
What currency is used in Bermuda?
Bermuda uses the Bermudan Dollar (BMD). Amounts on this page are shown in it; the currency switcher converts them.
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Living in Bermuda
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