Bermuda
What is the average cost of housing in Bermuda?
If you are thinking about moving to Bermuda, cost of living in probably a key consideration. Expats commented about the cost of housing...
"Much, much higher than in Canada and, according to my American friends, also higher than most US places. However, we pay no income tax -- although there is a 5% payroll tax levied -- nor do we have sales tax. To purchase, the 'average' two-bedroom cottage sells for $950,000 and two-bedroom condo goes for $725,000. That's US $ and these are available only for purchase by Bermudians," remarked another expat in Bermuda, Bermuda.
"The cost of housing in Bermuda is generally quite high, with the average price for a single-family home ranging from $500,000 to $2 million. Renting is also expensive, with the average cost of a one-bedroom apartment ranging from $1,500 to $3,000 per month," said a member in Bermuda.
GeoBlueGet Quote
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
GeoBlueGeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote
Other Questions:
- What do I need to know before retiring in Bermuda?
- How do I meet people in Bermuda?
- What is life like in Bermuda?
- Is there a lot of crime in Bermuda?
- Is there a lot of diversity? Are people in Bermuda accepting of differences?
- What are the schools in Bermuda like?
- Is the cost of living in Bermuda high?
- What advice do you have for expats having a baby in Bermuda?
- What are healthcare services like in Bermuda?
- Is the cost of living in Bermuda high?
- What type of recreational facilities are in Bermuda?
- What is the weather like in Bermuda?
- Are there good restaurants in Bermuda?
- Where will I buy groceries and do other shopping in Bermuda?
- What are the visa & residency requirements in Bermuda?
- Are healthcare and health insurance expensive in Bermuda?
- What do I need to know when buying property in Bermuda?
- Are foreigners allowed to own property in Bermuda?
- What appliances are typically included in a rental?
What is the average cost of housing in Bermuda?
If you live in Bermuda, newcomers to Bermuda would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
