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 0.3% for Bermuda as at May 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. Within Bermuda we also cover Hamilton.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Bermuda is as follows: Bermuda as at 1 November 2019 is very high in comparison to other places in the world. 1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$1090. Average price in a store for a midrange bottle of wine is USD$20.00, domestic/local beer (500ml) USD$5.06, imported/international beer (330ml) USD$3.34 and a pack of 20 cigarettes is USD$15.00. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1190. Average price for an international brand of mens jeans is USD$81, a quality international brand of running shoes USD$136, mens leather shoes suitable for office wear USD$133 while a medium size international summer dress from a global chain store is USD$95. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$382. Average price for a monthly standard plan internet subscription is USD$158, while the benchmark mobile tariff is USD$0.28 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$28500. Average annual private international school fee (excluding extras) USD$18,502 for Primary School, and USD$20,589 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1775. Average price for a 6kg front loader Washing Machine is USD$652, and USD$560 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$1070. Average grocery prices in a major international retail store for 1 kg apples is USD$10.20, 1 kg oranges USD$6.20, 1 head lettuce USD$4.55, 1 kg potatos USD$4.40, 1 kg boneless, skinless, chicken breast USD$18.91, 1 kg cheddar cheese USD$13.17, 1 dozen large eggs USD$3.83, 500g loaf white bread USD$6.36, 1 L full cream milk USD$2.93, and 1.5 L water USD$2.14. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$610. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$49, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,511. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$3900. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$4,918 in a central location, and USD$3,640 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$320. Average price for dry cleaning (1 mens 2 pc suit) is USD$6.25, while an international newspaper is USD$1.92. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$295. Average cost for a mens haircut and blow dry is USD$24, while a womens hair colour, cut and blow dry - medium length is USD$118. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$485. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$12.00, and an international fitness, recreation or sports club membership cost for one adult is USD$153 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$1110. Average cappuccino price (regular, medium) is USD$5.54, coke/pepsi (330ml) USD$3.56, burger meal (international franchise or similar) USD$15.00, and a mid-range international restaurant meal for 2 USD$110.00. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$1210. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$2.17, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$35,000. Bermuda is 43.3% more expensive than USA for groceries, 46.9% more expensive for household costs than UK, and 206.2% 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.