Bermuda is British overseas territory, in the North Atlantic Ocean, off the east coast of the United States. The climate is subtropical, mild, and humid with gales and strong winds common in winter. The official language is English. Some Portuguese is also spoken. The main religion is Christianity. The economy of Bermuda is very affluent and has one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services for international firms and luxury tourist facilities. Bermudians tend to be very formal. Expatriate business dress can vary, however conservative dress is recommended. Businesswomen hold high positions and are represented at the highest levels of business, politics and government. The security risk for expatriates in Bermuda is low. Risks include general crime, including theft from cars and houses. Other risks include those related to occasional hurricanes and tropical storms. The currency of Bermuda is the Bermudian Dollar (BMD). Banking is on a par with that of Western Europe and North America. Medical facilities are excellent including accident and emergency services. However the cost of treatment for expatriates can be high, particularly if repatriation by air ambulance is required. Cases of Chikungunya virus have been reported. The population of Bermuda is 63,800 (2019 est.), while the inflation rate (CPI) is 1.1% for Bermuda as at February 2019. Xpatulator Hypothetical Tax for Bermuda is based on the current personal income tax rate of 0% as there is currently no personal income tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Bermuda, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Bermuda as at 1 July 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Low 6) Groceries: Very High 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Low 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Bermuda is for example 41.2% more expensive than USA for groceries, 31.4% more expensive for household costs than UK, and 227.7% more expensive for transport costs than India. The hardship premium for Bermuda for an expat from Australia, is for example 10%, i.e. host location (Bermuda) premium of 20% minus home (Australia) location premium of 10%. Bermuda is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bermuda? Register subscribe to your home location and Bermuda and run your personalised reports.