Expatriatesai
Caribbean · premium destination

Cost of living in Bermuda for expats

A realistic monthly budget for one person living comfortably in Bermuda — rent, food, transport, and everyday costs in Hamilton.

Monthly budget

$5,000–7,000

One person, all-in, in Hamilton

Rent (1-bed)

$3,000–4,500

1-bedroom city-centre apartment, per month

Budget tier

Premium

$2,800+/mo

What to know

What makes Bermuda stand out, and what to watch for

Why expats choose Bermuda

Zero income and capital-gains tax, a world-class international business hub, and a unique mid-Atlantic location with near-perfect weather October–May.

Watch out for

Bermuda is consistently ranked among the world’s most expensive places to live; almost all food and goods are imported and duties are high; property is restricted to non-Bermudians with a special licence required.

Costs vary a lot by city, neighbourhood, and lifestyle — these are directional monthly bands for the main expat city, current as of 2026. Treat them as a starting point, not a quote. Information only, not financial advice.

Compare

Cost of living elsewhere in Caribbean

All 13 in Caribbean →
CountryMonthly budget
Anguilla$3,500–5,000
Antigua and Barbuda$2,800–4,000
Bahamas$3,500–5,500
Barbados$3,000–4,500
Curacao$2,000–2,800
Dominica$1,100–1,700
The rest of the move
Managing your money

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Information only, not legal advice — we never file anything with any government. Requirements change; verify with the official source or a licensed immigration advisor before you apply.