MigrantoCost of living in Bermuda
Average monthly spending, by standard of living, by category, and against other countries
Monthly cost
BMD 4,260
what a typical person spends
Spending by standard of living
BMD 1,820richest 20%
BMD 10,900
Bermuda imports almost everything it uses, and that one fact shapes the whole cost of living. With so little made on the island itself, the price of getting a container across the water ends up baked into your rent, your dinner, and your commute, which is why funding an ordinary life here runs so high. The stretch between living comfortably and merely getting by is real but not dramatic — it stays expensive fairly evenly.
Where people spend money in Bermuda
On Bermuda, the roof over your head dwarfs everything else in the budget, and there's little you can do to shrink it. Getting around and filling the fridge take the next-biggest bites, and both stay stubbornly high because nearly everything on the shelves arrived by boat. The costs you can't avoid are the ones that sting; trimming the flexible ones barely moves the total.
Living-cost calculator
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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How living costs in Bermuda compare
Set against the wider world, Bermuda sits near the very top — few places anywhere ask more for an ordinary life. Within its own region it isn't quite the single priciest, but only because it shares the neighborhood with other costly places. A remote speck of land with no cheaper alternative to fall back on tends to land right about where Bermuda does.
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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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 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.
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Living in Bermuda
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