🇧🇲 Cost of Living in Bermuda - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameBermuda
CapitalHamilton
Population64,055
Area54.0 km²
LanguagesEnglish
CurrencyBermudian dollar ($)
TimezoneUTC-04:00
RegionAmericas / North America
Drives onLeft
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$124,253 (2024)
Education Spend (% GDP)1.9% (2023)
Source: World Bank Open Data
Bermuda is a very expensive territory to live in or visit, with prices comparable to those in major cities in the United States.
Quick Facts
Cost LevelVery Expensive
Daily Budget (Backpacker)$150-250 USD
Daily Budget (Mid-Range)$300-500 USD
Daily Budget (Comfort)$600-1000 USD
CurrencyBMD
Tipping Customexpected (10-15%)
How Expensive Is Bermuda?
Bermuda is one of the most expensive territories in the world, with a high cost of living that is driven by its remote location and limited land area. The territory has a strong economy, driven by tourism and financial services, which has led to a high demand for goods and services, and consequently, high prices. Compared to its neighbors in the United States, Bermuda is significantly more expensive, with prices for accommodation, food, and transportation being substantially higher. For example, a meal at a mid-range restaurant in Bermuda can cost upwards of $50 per person, while a similar meal in the United States might cost around $20-30 per person.
The high cost of living in Bermuda is also due to the fact that many goods have to be imported, which increases their cost. Additionally, the territory has a high standard of living, with a strong emphasis on quality and luxury, which also drives up prices. Overall, Bermuda is a very expensive destination, and visitors and residents should be prepared for high prices.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$100-200
basic amenities, shared rooms
Mid-Range Hotel
$250-400
comfortable rooms, standard amenities
Luxury/Resort
$500-1000
high-end amenities, beachfront locations
Apartment Rent (monthly)
$2,000-4,000
city center, 1-2 bedrooms
Apartment Rent (monthly)
$1,500-3,000
outside city center, 1-2 bedrooms
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$10-20
Casual Restaurant
$20-40
Mid-Range Restaurant (2 people)
$50-100
Fine Dining
$100-200
Beer (local)
$8-12
Coffee
$5-10
Water (1.5L bottle)
$3-5
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$3-5
Taxi (per km)
$5-10
Domestic flight
$100-200
Fuel (per liter)
$1.50-2.50
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
1,500
2,500
4,000
Food
500
1,000
1,500
Transport
100
200
300
Utilities
150
250
350
Entertainment
200
500
1,000
Total
2,450
4,450
7,150
Money-Saving Tips
Consider visiting Bermuda during the off-season (April-May or September-October) to take advantage of lower prices for accommodation and flights.
Look for apartments or houses outside of the city center to reduce rent costs.
Use public transportation instead of taxis to get around the island.
Eat at local eateries or street food stalls instead of mid-range or fine dining restaurants.
Take advantage of free activities such as visiting the beach or exploring the island's natural beauty.
Shop at local markets or grocery stores instead of tourist-oriented shops to reduce food and souvenir costs.