How much money do you need to live in Bermuda?

Living in Bermuda costs around $4,900 per person per month, or roughly $58,800 a year, based on CostLiving’s moderate lifestyle benchmark. That figure covers rent, groceries, utilities, transport, and modest discretionary spending. Housing is the dominant line: rental apartments in Hamilton or near beaches run $1,800 to $3,500 a month for modest two-bedroom units, with premium properties reaching $5,000 and above. Groceries run 30 to 60 percent above mainland US averages because nearly everything is imported. Bermuda is meaningfully more expensive than Cayman Islands ($3,800), the Bahamas ($3,450), and the US average ($3,525), and comparable to Los Angeles ($5,050) on totals. No income tax, but a payroll tax of 8.75 to 11.25 percent applies. For the full lifestyle tier breakdown, see our Bermuda cost of living page.