Hamilton is located on the north side of Hamilton Harbour, and is Bermuda's main port. Although there is a parish of the same name, the city of Hamilton is in the parish of Pembroke. Finance and international business now constitute the largest sector of Bermuda's economy, and virtually all of this business takes place within the borders of Hamilton. 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 Hamilton is 13,000 (Working) (2018 est.), while the inflation rate (CPI) is 1.7% for Bermuda as at April 2017. For a single Expat, the personal income tax rate in Bermuda is 0% as there is currently no personal income tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Hamilton, 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): Hamilton as at 1 April 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: High 3) Communication: Very High 4) Education: Average 5) Furniture & Appliances: Average 6) Groceries: Very High 7) Healthcare: Average 8) Household Accommodation: Very High 9) Miscellaneous: Average 10) Personal Care: High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Hamilton is for example 115.6% more expensive than Houston TX for groceries, 156.9% more expensive for household costs than Kuala Lumpur, and 88.4% more expensive for transport costs than Dubai. The hardship premium for Hamilton for an expat from Perth, is for example 10%, i.e. host location (Hamilton) premium of 20% minus home (Perth) location premium of 10%. Hamilton is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Hamilton? Register subscribe to your home location and Hamilton and run your personalised reports.