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.

An image showcasing the beauty of Smiths

People enjoying the surroundings of Smiths

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

Fuel (Gasoline)Gasoline is priced between $2.2 and $2.35 per liter.
Taxi FaresTaxi 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 PurchaseA 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 ChildMonthly preschool costs range from $1,200 to $2,333.33, averaging $1,320.
International Primary School, Yearly for 1 ChildYearly 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.
InternetInternet services range from $120 to $195, with an average cost of $141.25.
Mobile Phone PlanMobile phone plans with calls and 10GB+ data range from $99 to $175, averaging $118.1.

Cost of Living Data

The following pricing data has been gathered from 1 user contributions, as of the most recent update in November, 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

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

Utilities (Monthly)

Avg / Range

Utilities (Monthly)

Avg

Range

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$220.21

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$141.25

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$118.10

Sports And Leisure

Avg / Range

Sports And Leisure

Avg

Range

Cinema, International Release, 1 Seat

$13.00

Clothing And Shoes

Avg / Range

Clothing And Shoes

Avg

Range

1 Pair of Jeans (Levis 501 Or Similar)

$75.00

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$70.00

1 Pair of Nike Running Shoes (Mid-Range)

$134.00

1 Pair of Men Leather Business Shoes

$122.60

Salaries And Financing

Avg / Range

Salaries And Financing

Avg

Range

Average Monthly Net Salary (After Tax)

$7,777.00

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

Smiths Cost of Living

"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.

Smiths

Nearby Cities

Hamilton

3 miles

All cities in Bermuda