Cost of living in Hamilton

Hamilton, the capital city of Bermuda, is known for its vibrant culture and stunning coastal views. Understanding the cost of living in Hamilton is crucial for anyone considering moving to or visiting this beautiful island city.The cost of living in Hamilton can be quite high, reflecting its status as a desirable location with limited space. This summary provides a detailed breakdown of various expenses, including housing, dining, transportation, and more.

Cost of Living Summary

Dining and Restaurants

Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $50 on average, with a range between $35 and $60.
Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $150, with prices ranging from $150 to $200.
Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $15, with a range between $12.95 and $17.
Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer ranges from $8 to $14, imported beer $8 to $11, cappuccino $4.95 to $10, and Coke/Pepsi $3 to $5.

Grocery Prices

MilkMilk is priced between $1.85 and $5.6 per liter, averaging $4.51.
Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $6 and $10.69, with an average price of $8.28.
Eggs (Dozen)A dozen eggs range from $4 to $10, averaging $7.24.
Fruits (e.g., Apples, Oranges)Apples cost $5 to $19.9 per kg, while oranges range from $2.18 to $18 per kg.
Vegetables (e.g., Potatoes, Lettuce)Potatoes are priced between $4.74 and $14 per kg, and lettuce costs $3.99 to $7.99 per head.

Transportation

Public Transport (One-Way Ticket)A one-way local transport ticket costs between $4 and $5, with a monthly pass priced at $69.
Fuel (Gasoline)Gasoline is priced between $2.2 and $2.35 per liter.
Taxi FaresTaxi fares start at $6.23, with a cost of $2.17 to $5.5 per km and $37.8 to $70 per hour of waiting.

Housing Costs

1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre ranges from $2500 to $4500, averaging $3336.36.
1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $1500 to $3000, averaging $2225.
3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre ranges from $6500 to $10000, averaging $8111.11.
3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $4500 to $9500, averaging $6277.78.
Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre ranges from $8934.05 to $15000, averaging $11555.35.
Buying Price per Square Meter (Outside Centre)Outside the centre, the price per square meter ranges from $5695 to $6458.35, averaging $6051.12.

Utilities

Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost between $150 and $350, averaging $220.21.
InternetInternet services range from $120 to $195, with an average cost of $141.25.

Cost of Living Data

The following pricing data has been gathered from 73 user contributions, as of the most recent update in October, 2024.

Restaurants

Avg / Range

Restaurants

Avg

Range

Meal, Inexpensive Restaurant

$50.00

Meal for 2 People, Mid-range Restaurant, Three-course

$150.00

McMeal at McDonalds (or Equivalent Combo Meal)

$15.00

Domestic Beer (0.5 liter draught)

$10.00

Imported Beer (0.33 liter bottle)

$9.00

Coke/Pepsi (0.33 liter bottle)

$3.30

Water (0.33 liter bottle)

$3.00

Cappuccino (regular)

$5.75

Markets

Avg / Range

Markets

Avg

Range

Milk (regular), (1 liter)

$4.51

Loaf of Fresh White Bread (500g)

$8.28

Eggs (regular) (12)

$7.24

Local Cheese (1kg)

$15.19

Water (1.5 liter bottle)

$3.24

Bottle of Wine (Mid-Range)

$25.00

Domestic Beer (0.5 liter bottle)

$5.35

Imported Beer (0.33 liter bottle)

$4.50

Cigarettes 20 Pack (Marlboro)

$17.63

Chicken Fillets (1kg)

$24.50

Apples (1kg)

$10.32

Oranges (1kg)

$10.16

Potato (1kg)

$8.91

Lettuce (1 head)

$6.00

Rice (white), (1kg)

$5.46

Tomato (1kg)

$9.52

Banana (1kg)

$6.35

Onion (1kg)

$5.73

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$32.25

Transportation

Avg / Range

Transportation

Avg

Range

One-way Ticket (Local Transport)

$4.75

Monthly Pass (Regular Price)

$69.00

Gasoline (1 liter)

$2.32

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$35,000.00

Taxi Start (Normal Tariff)

$6.23

Taxi 1km (Normal Tariff)

$3.80

Taxi 1hour Waiting (Normal Tariff)

$53.90

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$37,200.00

Rent Per Month

Avg / Range

Rent Per Month

Avg

Range

Avg

Range

Average Monthly Net Salary (After Tax)

$6,147.62

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

7.23%

Childcare

Avg / Range

Childcare

Avg

Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$1,320.00

International Primary School, Yearly for 1 Child

$24,571.43

Overview Job Market

Affordability

Reasonable

About this index

Hamilton Cost of Living

"Key Takeaways"

Hamilton, Bermuda, presents a high cost of living, particularly in housing and dining. Rent prices are significantly high, especially in the city centre.
Dining out can be expensive, with even casual meals costing more than in many other locations. Grocery prices also reflect the island's reliance on imports.
Transportation costs are moderate, with public transport and fuel prices being relatively stable. However, owning a car can be costly due to high vehicle prices.
Utilities and internet services are priced higher than average, contributing to the overall high cost of living in Hamilton.

Conclusion

Living in Hamilton, Bermuda, offers a unique lifestyle with beautiful surroundings and a vibrant community. However, the cost of living is notably high, driven by expensive housing, dining, and utilities.

Prospective residents should carefully consider their budget and explore cost-saving measures, such as living outside the city centre or utilizing public transportation, to manage expenses effectively.