Cost of Living in Bermuda (2026 Guide)
One of the world's highest-cost jurisdictions, balanced by no income tax.
Currency: Bermudian Dollar (BMD) · 1 USD ≈ 1 BMD
| Item | Local (BMD) | USD equiv. |
|---|---|---|
| Rent — 1BR mid-range | $4,500/month | US$4500/month |
| Meal out (mid-range) | $60 | US$60 |
| Coffee (cappuccino) | $8 | US$8 |
| Gasoline (1 litre) | $2.3 | US$2 |
| Public transit pass | $80/month | US$80/month |
| Home internet (60Mbps+) | $220/month | US$220/month |
| Utilities (basic, 85m²) | $600/month | US$600/month |
| Average net salary | $8,500/month | US$8500/month |
Living in Bermuda — what to expect
One of the world's highest-cost jurisdictions, balanced by no income tax. Pricing varies sharply between the capital and outlying parishes — expect rents in the central business district to run 30–50% above the figures above. All prices are representative averages for 2026 and convert to USD using the current Press Markit exchange feed.
Working in Bermuda
Average monthly net salary sits around $8,500 (US$8500). Search available roles on Press Markit Explore or list your business to start hiring locally for free.
Find Bermuda businesses on Press Markit
Browse verified businesses in Bermuda, or compare Press Markit to legacy directories on our FindYello comparison.
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