Cost of living in Smiths
Smiths, located in the picturesque island of Bermuda, offers a unique blend of cultural charm and modern amenities. Understanding the cost of living in Smiths is crucial for anyone considering relocating or visiting this beautiful locale.
This guide provides a detailed breakdown of expenses, from dining and groceries to transportation and housing, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A 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
- Milk - Milk 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
- Fuel (Gasoline) - Gasoline is priced between $2.2 and $2.35 per liter.
- Taxi Fares - Taxi fares start at $5.92, with a cost of $2.17 to $5.5 per km and $37.8 to $70 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $30,000 and $40,000, while a Toyota Corolla ranges from $35,000 to $42,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - Monthly preschool costs range from $1,200 to $2,333.33, averaging $1,320.
- International Primary School, Yearly for 1 Child - Yearly costs for international primary school range from $23,000 to $25,000, averaging $24,571.43.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $350, averaging $220.21.
- Internet - Internet services range from $120 to $195, with an average cost of $141.25.
- Mobile Phone Plan - Mobile phone plans with calls and 10GB+ data range from $99 to $175, averaging $118.1.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Smiths, Bermuda, presents a high cost of living, particularly in dining and grocery expenses. Housing and education costs are also significant.
Transportation costs are moderate, with fuel prices being relatively stable. Utilities and internet services are on the higher side.
Potential residents should budget carefully, especially for dining and housing, to manage expenses effectively.
Conclusion
In conclusion, living in Smiths, Bermuda, requires careful financial planning due to its high cost of living. While the island offers a unique lifestyle and beautiful surroundings, expenses such as dining, groceries, and housing can be substantial.
Prospective residents should consider these factors and plan their budgets accordingly to enjoy all that Smiths has to offer without financial strain.