What's it Like Retiring in Bermuda? (2023)

After working hard for so many years to create a brilliant life for you and your family, you deserve to wind down once you finally retire. While the Caribbean islands are attractive, they can also be busy and suffer higher crime rates.

That's why Bermuda is a great option that should definitely be on your short list. Being in love with Bermuda is a great start, but it could also be the perfect retirement destination, too? Here’s what it’s like retiring in Bermuda.

A lot of people assume that Bermuda is only suitable for a quick getaway before returning to their day-to-day lives. That’s not the case. Here’s what we’ll cover to show what it’s like to retire in Bermuda:

  • Pace of Life
  • Cost of Living
  • Weather
  • Amenities
  • Travel Time and Visas

Pace of Life

Retiring well means finding a destination that combines the right level of amenities and social infrastructure with a more laid back pace of life. Bermuda is a small island (just 25 square miles) with a population of around 65,000, which means there isn’t the hustle and bustle here that you find in major cities like New York and Boston, which can only add stress.

In general, Bermuda offers the slow, relaxing pace of life that retirees are searching for with plenty of locations that offer peace and tranquillity. However, that doesn’t mean there’s nothing going on, as one thing Bermudians certainly love to do is have a good time.

You can combine your relaxing pace of life with regular barbeques, parties and dancing. And there’s always something going on to keep you as active as you want. It’s the perfect place to re-immerse yourself in the laid-back culture that you can’t get in many other destinations.

(Video) 6 Things to know BEFORE moving to Bermuda

Bermuda is now a modern, cosmopolitan, thriving destination. It has all the simple but important benefits from superfast WiFi and luxury boutiques to first-rate healthcare in the form of the King Edward VII hospital.

Cost of Living

The cost of living on an upscale island like Bermuda can be more expensive than other options. However, that’s what you can expect from such a popular thriving destination.

The main reason Bermuda’s cost of living is high is because everything has to be shipped in. From foodstuffs to concrete blocks, the cost is passed on to the consumer.

However, Bermuda is seen as a far more exclusive island than many in the Caribbean, which is why it’s one of the most popular tourist destinations in the world. And although your cost of living is higher, you can expect a sophisticated island community lifestyle away from the stresses of normal life.

What’s more, in Bermuda you get glorious sunsets, serene ocean views and wildlife you simply don’t see in US Eastern seaboard towns and cities and these make a little extra expense easier to accept.

That doesn’t mean Bermuda is expensive everywhere. There are nine parishes on the beautiful island, with some areas much cheaper than the commercial center that is Hamilton. It all depends on the type of environment you want in your retirement days – whether you want to live in a town or a quiet, tranquil parish.


In Bermuda, the ‘default weather setting’ you’ll quickly grow accustomed to is blue skies with plenty of bright sunshine. While the temperatures are generally mild, the island’s weather can throw up some surprises. Those in the West End might be pulling out umbrellas during brief showers while those in the East End are basking in glorious sunshine.

That’s not a bad thing, though, as the wind is necessary for world-class sailing and the rainfall throughout the year keeps the golf courses and parks lush. It’s also the island’s main source of fresh water - collected on our traditional white roofed buildings and stored in large tanks beneath them.

(Video) How much is a comfortable life in Bermuda?

The Gulf Stream and the Bermuda-Azores High help to make Bermuda a sub-tropical destination. The Gulf Stream pushes warm, equatorial water to the island which ensures comfortable temperatures all year round - from the mid-60s in the winter to mid-80s in the summer.

Heavy downpours on the island rarely last longer than a couple of hours and although big hits are rare in the hurricane season, Bermuda’s stone buildings are incredibly strong and many have withstood hurricanes for centuries. So there’s nothing that will disrupt your retirement in Bermuda and make you want to go elsewhere.


If there’s one thing that sets Bermuda apart from other retirement destinations – apart from the superior beaches and weather - is the plethora of amenities available throughout the island all year round. Some of these include:

Water Amenities

Bermuda’s cerulean waters give you plenty of ways to enjoy the brilliant blue water.

  • Whale watching.
  • Watersports.
  • Fishing.
  • Sailing and boating.
  • Unparalleled beaches.
  • Snorkeling and Diving (with more than 300 shipwrecks to explore).

Nature Amenities

Pink sand beaches and rocky coves connect with plenty of beautiful parks, forests, gardens and caves, which you can enjoy all year round. With peaceful forays and exciting adventures, the island offers plenty to make your retirement enjoyable and memorable.

  • The Bermuda Railway Trail National Park - from one end of the island to the other.
  • Bermuda’s crystal caves.
  • Secluded spots.
  • Eco-adventures.
  • Bermuda Arboretum.
  • The Botanical Gardens.
  • Southlands Nature Reserve.
  • Spittal Pond - where you can see the engraved initials of one of the first visitors to Bermuda, in 1547. They didn’t settle here.

Recreation Amenities

Bermuda offers many ways to unwind and unplug from the everyday. Whether you’re after invigorating adventures during your retirement or chasing serenity with spa treatments for relaxation, Bermuda excels in each department.

  • Hiking and biking.
  • World championship golf courses.
  • Luxury spa treatments in calm surroundings.
  • Kayaking.
  • Superyachts.
  • And a host of other amenities for tennis, squash, horse riding, cycling, running, gymnastics, ballet, tai chi, pickleball and volleyball.

Arts and Culture Amenities

Fusing African, Caribbean and Portuguese heritage with British charm, Bermuda has blended the old and new into a cultural mix you just can’t find anywhere else. Whether it’s contemporary fine art or seeing Gombey dancers at festivals, you’ll constantly find yourself exploring something new in Bermuda.

  • Royal Naval Dockyard.
  • City of Hamilton Walking Tour.
  • Scaur Hill Fort and Park and many other forts.
  • Masterworks Museum.
  • Bermuda’s theatre scene.
  • Haunted history tours.

Shopping Amenities

Go on shopping sprees that take you to the island’s finest studios and the quirkiest boutiques to stay up-to-date with the latest trends from high-end international retailers.

(Video) 6 Things I hate about living in Bermuda

  • Washington Mall.
  • Town of St. George.
  • The Clocktower Mall, Dockyard
  • The Bermuda Perfumery.
  • The Hamilton Stores, especially Front Street and Reid Street.
  • Miles Market and Delicatessen.

Nightlife and Restaurant Amenities

You’ll never feel far from home with Bermudian cuisine, born from a mix of Native American, African, Asian, Caribbean, Portuguese and European influences. Take advantage of the freshest of fish in the restaurants, or enjoy chilling out in lounges with live music, often by local musicians.

  • Fresh markets.
  • Food trucks.
  • Bar, lounges and restaurants.

Travel Time and Visas

If you’re a USA, UK or Canada national then you don’t require any kind of visa providing you are staying for less than three months. If you want to stay on the island longer than three months but less than six months you can stay with a short term permit visa, once approved. If you want to stay longer than six months you need a Residency Permit.

You qualify for one of these when you buy either a vacation or a permanent home in Bermuda. As non-Bermudians can buy property in Bermuda, retiring here is definitely an option to consider.

Although many assume Bermuda is a faraway destination to travel to the uniquely beautiful island is located 700 miles off the coast of the Carolinas. It’s an easy two-hour direct flight from New York and under three hours from most US Eastern seaboard cities. There are direct flights from New York, Boston, Philadelphia, Miami, Toronto and London. So, if you are retiring from the US and want to fly back to visit the family, or they want to come and join you in the sunshine, it’s easy.

Is it a Genuine Option?

Retiring in Bermuda is a genuine option. It’s secluded without a sense of isolation. It’s thoroughly modern, yet manages to maintain its enviable calmness. It’s a perfect destination for retirement and for vacations.

The weather has attracted visitors from around the globe and it’s a place of peace and calm. A sanctuary where time slows to a gentle sigh of contentment. A place where entertaining family and friends when they come to visit becomes a real pleasure.

The other bonus is that you can retire or semi-retire in Bermuda by purchasing a condo. Bermuda is very popular so it’s no surprise that property prices are high for individual homes and villas, whereas a vacation condo can give you the same lifelong experiences and views but at a much lower price.

Buying at a lower price makes retirement a viable option. Swimming pools, spas, tennis courts and other facilities are often included in the right type of condo development and these are fully-managed by a management company. So not only will you be paying less, you’ll also have access to world-class facilities that someone else looks after for you.

(Video) How Expensive Is Living In Bermuda? (💰 About Living In Bermuda 2021 💲 ) ¦ Bermuda 2021

Want More Advice on Buying a Condo?

Your condo has to be perfect for you. It’s a big commitment that you need to think about, not only financially but culturally too.Whether you’re a first-time condo buyer or a real estate veteran, we’ve got something that can help when you’re making your investment decisions. Download our free Condo Buying Checklist to learn more.

What's it Like Retiring in Bermuda? (1)

“Lorem ipsum dolor sit amet consetetur sadipscing elitr sed diam nonumy”

Name, Role at company

What's it Like Retiring in Bermuda? (2)

Add Extra content here

(Video) How To Find A House In Bermuda Island? 🏠 (About Living In Bermuda 2021) ¦ Bermuda 2021


Can a US citizen retire to Bermuda? ›

If you're married to a Bermudian resident, you can move to the island whenever you like. For anybody wishing to move permanently to the island who isn't moving to join their Bermudian spouse, it's necessary to secure a job on the island beforehand.

How much money do you need to retire in Bermuda? ›

The most expensive place turned out to be Bermuda, technically a British Overseas Territory located in the North Atlantic about 650 miles east of Cape Hatteras, N.C. The study found an average American would need over $1 million to retire in Bermuda—or $1,065,697, to be precise.

How long can a US citizen stay in Bermuda? ›

If someone wishes to remain on the island beyond the maximum 180-day period, they must submit an application requesting permission to reside annually. This can be done by completing an Application for Residence Form and presenting evidence of financial means.

Where do most expats live in Bermuda? ›

The 3 best places to live in Bermuda as an expat, and the top homes you can buy there:
  • Warwick Parish. Warwick is one of the nine parishes of Bermuda. The area is known for its wonderful natural landmarks that include beautiful Warwick Long Bay. ...
  • St. George's Parish. ...
  • Hamilton Parish.
Nov 9, 2020

Do US citizens pay taxes in Bermuda? ›

Who Is Liable for Income Tax in Bermuda? Bermuda doesn't have income tax or capital gains tax for residents, regardless of whether they are citizens or noncitizens. In other words, you don't have to file a tax return declaring your earned or investment income, and you don't have to pay tax on these amounts.

What is the easiest country for Americans to retire to? ›

In order of top to bottom, the following top 10 countries to retire abroad include Portugal, Mexico, Panama, Ecuador, Costa Rica, Spain, Greece, France, Italy, and Thailand.

Can a US citizen buy property in Bermuda? ›

Visitors are always welcome in Bermuda and are allowed to stay for up to six months and buy real estate. However, it's important to realize that although international buyers are allowed to purchase real estate in Bermuda, it doesn't make you eligible for Bermudian citizenship or permanent residency.

Is property expensive in Bermuda? ›

Some of the most popular destinations in this parish include Hamilton Harbor and the well-known Elbow Beach. For smaller properties, prices can start in the region of $80,000. However, prices can rise to over the $1 million mark for larger and more luxurious properties.

What is the most affordable country to retire in? ›

Below, you can review our list of the top ten cheapest countries where you can retire well.
  • Malaysia. ...
  • Spain. ...
  • Costa Rica. ...
  • Panama. Cost of Living Index: 48.25. ...
  • Peru. Cost of Living Index: 30.74. ...
  • Slovenia. Cost of Living Index: 47.30. ...
  • Austria. Cost of Living Index: 64.11. ...
  • Australia. Cost of Living Index: 72.27.
Oct 1, 2022

How much is rent in Bermuda? ›

Summary of cost of living in Bermuda
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal areaBD$3,141
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flatBD$450
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive areaBD$1,837
54 more rows

What's it like to live in Bermuda? ›

Bermuda boasts some of the most amazing settings you could imagine. The pink sandy shores and coral reefs surrounding the island create an environment that can't be found anywhere else across the globe. However, if you're looking to , we understand that there's so much more to consider than just the incredible views.

How much does the average house cost in Bermuda? ›

Fewer homes available only to Bermudians were bought last year based on the 15% decline in unit volume compared to 2019. The average sale price also dropped to $885,000 in 2020 from $960,000 in 2019.

Do any celebrities live in Bermuda? ›

Hollywood royalty, such as Academy Award-winning actors Catherine Zeta-Jones and her husband Michael Douglas have resided in Bermuda, along with New York's City's billionaire mayor Michael Bloomberg, who travels less than two hours by air from the Big Apple.

What is the racial makeup of Bermuda? ›

The majority of Bermuda's overall ancestry actually remains European, as most black Bermudians are actually of European ancestry, but as only those entirely of European ancestry are considered white, the largest demographic group is black, despite those of entirely sub-Saharan African ancestry being only a negligible ...

Why is Bermuda so expensive? ›

Almost nothing is produced on the island so everything needs to be imported (mainly from the US). Transport costs, customs duties, and high labour costs increase prices considerably. Bermudians and expatriate workers pay the price for living on such a beautiful island.

Why is Bermuda considered a tax haven? ›

Bermuda companies do not pay tax on income or capital gains, and there is no branch profits tax in Bermuda. All companies pay an annual company fee, based on share capital levels. For exempted companies the fees vary between $1,995 and $31,120; and for local companies the fees are lower.

Why move to Bermuda? ›

It is a beautiful island with opportunities for a high-end lifestyle, plus high wages and tax breaks. 20% of Bermuda's population are expats and the island has zero unemployment. You will, however, need to go through some bureaucracy, so we are going to look below at some of the pros and cons of working on the island.

What is the number 1 place to retire in the world? ›

The Top 25 Best Countries to Retire in
6 more rows
Nov 21, 2022

What are the 3 states that don't tax retirement income? ›

Fortunately, there are some states that don't charge taxes on retirement income of any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.

What is the best country to retire on Social Security? ›

To reap cost-saving benefits like low-cost healthcare to a grocery bill that's much less compared to what you'll pay in the U.S., here are the 10 best countries to live on just a Social Security check.
  • Panama. ...
  • Costa Rica. ...
  • Mexico. ...
  • Portugal. ...
  • Colombia. ...
  • Ecuador. ...
  • Malta. ...
  • France.
Feb 1, 2023

How much does it cost to build a house in Bermuda? ›

Based upon April 2019 market rates the cost of building a home with traditional residential Bermuda construction is over $410 per square foot. This excludes the cost of the land.

Can you have dual citizenship in Bermuda? ›

Dual Nationality

Citizens of both the U.S. and Bermuda are recognized as such by both governments.

Can I get residency in Bermuda? ›

You must: Be 18 years of age or older; Have been ordinarily resident in Bermuda for a period of at least 15 or 20 years; Be of good conduct and character.

How much is a gallon of gas in Bermuda? ›

Bermuda: The price of octane-95 gasoline is Bermudian Dollar per liter. For comparison, the average price of gasoline in the world for this period is 1.30 Bermudian Dollar.
Bermuda Gasoline prices, litre, 17-Sep-2018.
Bermuda Gasoline pricesLitreGallon
2 more rows

Is Bermuda cheaper than Hawaii? ›

Cost of living in Hamilton (Bermuda) is 22% more expensive than in Honolulu, Hawaii (United States)

How cold does Bermuda get? ›

Weather in Bermuda

Temperatures rarely dip below 60 degrees Fahrenheit, but that means it's still too cold for swimming at the beach. However, if golf is more your sport, you will get a mild discount for traveling at this time.

What countries can I move to and still collect my Social Security? ›

If you are a resident of a country that has a U.S. social security agreement, (other than Austria, Belgium, Denmark, Germany, Sweden, or Switzerland), we will continue your U.S. Social Security payments.

Can I collect Social Security and live abroad? ›

If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them.

Where is the best place for Americans to retire? ›

In addition, as a tourist destination, Mexico is familiar to many visitors who have vacationed there over the years. The country offers a wide range of locations, lifestyles, climates, and living costs, making it the top retirement destination for Americans who choose to leave the U.S.

Does Bermuda get hurricanes? ›

Bermuda, being out in the middle of the Atlantic, may seem vulnerable to hurricanes. However, only six have ever made landfall on the island nation since record-keeping began in the 19th century, and the last direct hit from a hurricane occurred in 2003, according to Ray.

What are houses like in Bermuda? ›

Bermuda style

The archetypical Bermuda house is a low, squared building with a stepped, white roof and pastel-painted walls, both of which are made out of stone. Between roof and wall are a series of eaves painted a third colour, which is also used on the wooden shutters of relatively small windows.

How much does it cost to live in Bermuda for a month? ›

Family of four estimated monthly costs are 7,028.4$ without rent. A single person estimated monthly costs are 1,935.8$ without rent. Cost of living in Bermuda is, on average, 95.5% higher than in United States. Rent in Bermuda is, on average, 99.2% higher than in United States.

Are cars expensive in Bermuda? ›

Bermuda is one of the most expensive places in the world to purchase and operate any motor vehicle, partly because of extremely high import duties on motor vehicles. Plus, there are high annual costs of vehicles - more than twice those imposed by London, 4 or more times the cost of most American cities.

Can Americans rent a car in Bermuda? ›

Since tourists are not allowed to rent cars in Bermuda, taxis and scooters are the primary means of transportation on the island. Ferries and water taxis are available. Rental Cars are not available in Bermuda.

What language do Bermudians speak? ›

The predominant language on Bermuda is Bermudian English. It exhibits characteristics of English as spoken on the Atlantic Seaboard of the United States of America (especially in the region around Virginia), in the Canadian Maritimes, southern England, and parts of the British West Indies.

What is the downside of living in Bermuda? ›

Bermuda receives warm tropical weather but is known for severe storms. The cost of living including rent and property ownership is very high. Although many jobs are high paying, it is difficult to find work. There is no income tax in Bermuda.

Are Bermudians friendly? ›

The culture of Bermuda is a blend of British, Caribbean and American influences, and the population is generally friendly and welcoming.

What is crime like in Bermuda? ›

Bermuda crime rate & statistics for 2019 was 0.00, a 100% decline from 2017. Bermuda crime rate & statistics for 2017 was 7.93, a 37.18% decline from 2016.
Bermuda Crime Rate & Statistics 1990-2023.
Bermuda Crime Rate & Statistics - Historical Data
YearPer 100K PopulationAnnual % Change
25 more rows

How much is property tax in Bermuda? ›

a periodic (yearly or monthly) tenant of property owned by the Government of Bermuda.
Determining Land Tax amounts.
Annual Rental Value (ARV) bandValue range in dollarsTax rate percentage
211,001 - 22,0001.80
322,001 - 33,0003.50
433,001 - 44,0006.50
6 more rows

Is Bermuda a good place to retire? ›

With its stunning beaches, lush tropical landscapes, and vibrant culture, Bermuda is an ideal place to spend your retirement years. The island is also known for its low taxes, excellent healthcare system, and strong infrastructure, making it an attractive destination for retirees.

Why is food so expensive in Bermuda? ›

Bermuda has historically been rated as one of the most expensive places on the globe to live since most of the items needed for daily life is imported. On average, a basic food item such as bread costs over USD$7 per loaf.

What food is Bermuda known for? ›

Traditional dishes include codfish and potatoes served either with an add on of hard boiled egg and butter or olive oil sauce with a banana or in the Portuguese style with tomato-onion sauce, peas and rice. Hoppin' John, pawpaw casserole and fish chowder are also specialties of Bermuda.

What celebrities own homes in Bermuda? ›

We will point out the homes of the rich and famous – such as Michael Douglas and Catherine Zeta-Jones; James Martin, Pioneer of Texas Instrument; playwright Eugene O'Neal, who's daughter was married to Charlie Chaplin; and illustrator William Denslow, most famous for his work on the “Wizard of Oz”.

Can I live in Bermuda as an American? ›

If you're married to a Bermudian resident, you can move to the island whenever you like. For anybody wishing to move permanently to the island who isn't moving to join their Bermudian spouse, it's necessary to secure a job on the island beforehand.

Is Bermuda politically stable? ›

Political Stability and Absence of Violence/Terrorism: Percentile Rank in Bermuda was reported at 85.85 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources.

Is Bermuda a third world? ›

When comparing the standard of living in Bermuda to other countries, many assume that it's either in the Caribbean or is a third-world country. Neither of these are true statements and when you break it down, Bermuda can be compared to popular countries like the US, Canada or even famous European destinations.

Are Bermudians rich? ›

Is Bermuda a wealthy country? International business, which consists primarily of insurance and other financial services, is the real bedrock of Bermuda's economy, consistently accounting for about 85% of the island's GDP.
Bermuda Economy Data.
Currency Name and CodeBermudian Dollar (BMD)
GDP by Sector- services93.4%
30 more rows

Can a US citizen own property in Bermuda? ›

Visitors are always welcome in Bermuda and are allowed to stay for up to six months and buy real estate. However, it's important to realize that although international buyers are allowed to purchase real estate in Bermuda, it doesn't make you eligible for Bermudian citizenship or permanent residency.

How can an American move to Bermuda? ›

How To Move To Bermuda The complete guide!
  1. Find A Job. The wealthy island of Bermuda is an appealing prospect for expats seeking work. ...
  2. Apply For A Visa/Permit. ...
  3. Get Health Insurance. ...
  4. Rent Or Buy Property. ...
  5. Move Your Belongings. ...
  6. Register For Healthcare. ...
  7. Open A Bank Account. ...
  8. Transfer Money.

What is the cheapest country for an American to retire in? ›

Costa Rica

Climate, environment, and costs vary throughout the country, but the overall cost of living is about 38 per cent lower than in the United States, and housing is 72 per cent lower on average making it one of the cheapest countries to retire in, based on June 2022 data.

How much money do you need to live in Bermuda? ›

Family of four estimated monthly costs are 7,033.9$ without rent. A single person estimated monthly costs are 1,937.6$ without rent. Cost of living in Bermuda is, on average, 94.8% higher than in United States. Rent in Bermuda is, on average, 99.0% higher than in United States.

Can you buy residency in Bermuda? ›

The programme has been created to allow applicants, their spouse and any dependent children the right to reside in Bermuda for five years. To qualify for an EIC, a minimum investment of $2.5 million must be made in one of seven areas. There's also an initial cost of $2,265 to acquire the certificate.

What is the easiest country for an American to immigrate to? ›

Which are the easiest countries to immigrate to from the US? Portugal, Malta and Spain are some of the easiest countries to relocate to from the United States. American citizens can either gain permanent residency or apply for citizenships via each country's Citizenship by Invest programs.

Where is the #1 place to retire in the world? ›

Panama. Not for the first time, Panama tops the list of the world's best places to retire. Located away from Central America's hurricane belt, its warm tropical climate is tempered by breezes from the Pacific Ocean on one coast and the Caribbean Sea on the other.


1. Lifestyle in Bermuda Which expats prefer it? Is it a safe place?
(Your international tax lawyers)
(Leonard Shea)
3. Top 10 Caribbean Islands to Retire | Cost of Living
(Passport Kings Travel)
4. Black, Queer and living in Bermuda
5. The Beach Boys - Kokomo (LYRICS)
6. What Derek Chauvin's Life In Prison Is Really Like
Top Articles
Latest Posts
Article information

Author: Zonia Mosciski DO

Last Updated: 04/15/2023

Views: 5607

Rating: 4 / 5 (71 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Zonia Mosciski DO

Birthday: 1996-05-16

Address: Suite 228 919 Deana Ford, Lake Meridithberg, NE 60017-4257

Phone: +2613987384138

Job: Chief Retail Officer

Hobby: Tai chi, Dowsing, Poi, Letterboxing, Watching movies, Video gaming, Singing

Introduction: My name is Zonia Mosciski DO, I am a enchanting, joyous, lovely, successful, hilarious, tender, outstanding person who loves writing and wants to share my knowledge and understanding with you.