The Bermuda Archipelago located in the North Atlantic Ocean is a place known for its crystal-clear waters, pink sand beaches, and luxury lifestyle. However, other than the beautiful scenery and tourist spots it offers… what is Bermudian life like for locals? Is it good to live in Bermuda? That entire guide is targeted towards a fuller dive into life in Bermuda whether you want to live — like I said even if it means living and working online, assuming.
Key Takeaways
- High cost of living: Bermuda is one of the most expensive places to live in the world.
- Unique culture: A blend of British and Caribbean influences.
- Beautiful environment: Stunning natural beauty and outdoor activities.
- Employment opportunities: Strong financial and insurance sectors.
- Quality of life: Excellent healthcare, safety, and education.
Cost of Living in Bermuda
There is a not exactly inconsequential financial commitment involved in living there! This paradise island is often listed of the most expensive places to live on Our Planet. An expensive high standard of living consists in fact of the majority’s most daily things, which are due to taxes with numerous trouble also wishful speculativeness as well as import goods and scarce locals.
Housing — Regardless of whether or not you rent, there are also a good portion of your budget can be allocated to housing. All of this is because need to import just about everything, groceries, and all other vital items are much higher priced than in any part of the world. Bermuda is one of the most expensive places to live in because you have utilities and still your transportation costs.
Housing
Housing is one of the biggest expenses. Renting a one-bedroom apartment in the city center can cost around $3,500 to $5,000 per month, while a similar apartment outside the city may cost $2,500 to $3,500 per month. Purchasing property is also costly, with prices starting at around $1 million for a modest home.
| Type of Housing | Average Monthly Cost |
| One-bedroom apartment | $3,500 – $5,000 |
| Three-bedroom apartment | $7,000 – $10,000 |
| Average home purchase | $1M+ |
Groceries and Utilities
Groceries are more expensive in Bermuda than in many other countries so this might give you some idea of what life is like here. She said a gallon of milk can run $10, while bread is about $6 a loaf. Utilities: Electricity, heating and cooling bills, water bills, and garbage removal will add another $400 to $600 monthly.
Transportation
There are still no roads on the island most of these single-wheelers are for transportation. Cars are expensive to own because import taxes and fuel costs are high. This is a problem because traveling on public transit can be expensive as well.
Employment Opportunities
Job Market
The fair was set up as a “job expo” to introduce people who are unemployed in Bermuda mainly from the financial and insurance industry. It is a household name in the world of reinsurance and boasts figures from many big multinationals. This has opened up many avenues for those in areas such as finance, insurance, etc.
Work Permits
Non-Bermudians must possess a work permit to be employed in Bermuda. It is a time-consuming and costly process — the cost for which, however, many employers also help cover. More often, the work permit is granted for specialists in high-demand occupations.
Salary Expectations
Bermuda also has a high cost of living, so salaries are usually correspondingly increased over those which may be expected in many other countries. Nonetheless, a part of the cost-effectiveness game is accounted for here.
Education and Healthcare
Education
Education in Bermuda is of high quality, with both public and private schools available. The public school system follows the British curriculum, and there are several internationally recognized private schools.
Healthcare
Healthcare in Bermuda is excellent, with modern facilities and highly trained professionals. Health insurance is mandatory for all residents, and employers often provide health benefits.
| Service | Availability |
| Public Schools | Yes |
| Private Schools | Yes |
| Hospitals | Modern facilities |
| Health Insurance | Mandatory |
Culture and Lifestyle
Cultural Blend
Bermuda boasts a unique blend of British and Caribbean cultures. This is reflected in the island’s architecture, cuisine, and festivals. The Bermudian way of life is relaxed and community-focused, with a strong emphasis on family and social gatherings.
Festivals and Events
Annual events such as Bermuda Day, the Cup Match, and the Bermuda Festival of the Performing Arts highlight the island’s vibrant cultural scene. These events offer a glimpse into the island’s traditions and community spirit.
Environment and Recreation
Natural Beauty
Bermuda’s natural beauty is one of its greatest assets. The island is home to stunning pink sand beaches, crystal-clear waters, and lush greenery. Outdoor enthusiasts can enjoy activities like sailing, snorkeling, hiking, and golf.
Environmental Concerns
While Bermuda’s environment is pristine, it faces challenges such as climate change and rising sea levels. The island is committed to sustainability and has various initiatives to protect its natural resources.
Safety and Quality of Life
Safety
Bermuda is known for its low crime rate and overall safety. The island has a strong community feel, and residents often look out for one another.
Quality of Life
The quality of life in Bermuda is high, with excellent healthcare, education, and recreational opportunities. However, the high cost of living can be a barrier for some.
Family Life
Bermuda is a great place to raise a family, with many activities and educational opportunities for children. The island’s safe environment and close-knit community make it ideal for families.
Practical Tips for Moving to Bermuda
Visa and Residency
- Work Permits: Essential for employment.
- Residency: Various options are available for long-term stays.
Packing and Relocation
- Climate: Warm and humid, so pack accordingly.
- Essentials: Bring necessary items, as some goods may be expensive or unavailable on the island.
Integrating into the Community
- Networking: Join local groups and attend events to meet people.
- Adaptation: Embrace the local culture and lifestyle.
Budgeting Tips
- Plan: Understand the cost of living and budget accordingly.
- Save on Housing: Consider shared accommodations or living outside the city center.
Conclusion
If you live in Bermuda, that unique mix is natural beauty — whether pink beaches or lush green gardens are your taste — and sound quality of life (Bermuda was ranked 30th out of 188 countries by the United Nations last year; we enjoy a high per capita GDP and long healthy lifespans) plus entry to arts culture. Still, the cost of living and the sheer necessity to lock down work in advance are significant caveats.
For those of you who have a lucrative career — especially in finance or insurance and enjoy the family-friendly, pristine location that has become Bermuda may be just right. Do you think Bermuda could be your next home? If you’re curious about the financial aspects, read our previous article on Is It Expensive to Live in Bermuda?