Cost of living in Warwick
Warwick, located in the picturesque island of Bermuda, is known for its stunning beaches and vibrant culture. Understanding the cost of living in Warwick is crucial for anyone considering relocating or planning an extended stay.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you budget effectively.
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
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $4000.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent also averages $4000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $6000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $6000.
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.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
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"
Warwick, Bermuda, presents a high cost of living, particularly in housing and dining. Rent for apartments is notably high, averaging $4000 for a 1-bedroom and $6000 for a 3-bedroom, regardless of location.
Dining out can be expensive, with even casual meals costing around $50. Grocery prices are also on the higher side, with staples like milk and bread priced significantly above average.
Transportation costs are moderate, with gasoline prices around $2.32 per liter and taxi fares starting at $5.92. Utilities and internet services are relatively costly, adding to the overall expense of living in Warwick.
Conclusion
Living in Warwick, Bermuda, comes with a premium price tag, especially in terms of housing and dining. Prospective residents should budget carefully and consider these costs when planning a move.
While the cost of living is high, the quality of life, scenic beauty, and cultural richness of Bermuda may justify the expenses for many. It's important to weigh these factors and plan accordingly to ensure a comfortable lifestyle in Warwick.