Cost of Living in Somerset Village

Category	Cost
Apartment Rentals	1-bedroom apartment in city center: $1,800 - $2,500 per month 1-bedroom apartment outside city center: $1,500 - $2,000 per month 3-bedroom apartment in city center: $3,500 - $5,000 per month 3-bedroom apartment outside city center: $2,800 - $4,000 per month
Apartment Purchases	Price per square meter in city center: $4,000 - $6,000 Price per square meter outside city center: $3,000 - $4,500
Transportation	One-way ticket on local transport: $4.50 Monthly public transport pass: $69 Taxi starting tariff: $5.15 Taxi 1km tariff: $2.75 Gasoline (1 liter): $2.10
Groceries	Milk (1 liter): $2.50 Bread (500g): $4.00 Rice (1kg): $4.50 Eggs (12): $4.00 Cheese (1kg): $15.00 Chicken breasts (1kg): $12.00 Beef round (1kg): $18.00 Apples (1kg): $5.00 Bananas (1kg): $2.00 Oranges (1kg): $5.00 Tomato (1kg): $4.00 Potato (1kg): $3.00 Onion (1kg): $3.00 Water (1.5-liter bottle): $2.00 Bottle of wine (mid-range): $18.00 Domestic beer (0.5-liter bottle): $3.00 Imported beer (0.33-liter bottle): $4.00 Cigarettes (20-pack): $10.00
Restaurants	Meal at an inexpensive restaurant: $20.00 Meal for two at a mid-range restaurant (three courses): $100.00 Combo meal at a fast-food restaurant: $10.00 Domestic beer (0.5-liter draught): $7.00 Imported beer (0.33-liter bottle): $8.00 Cappuccino: $4.50 Coke/Pepsi (0.33-liter bottle): $2.50 Water (0.33-liter bottle): $2.00
Utilities	Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment: $250 - $350 per month 1 minute of prepaid mobile tariff (no discounts or plans): $0.35 Internet (60 Mbps or more, unlimited data, cable/ADSL): $100 - $150 per month
Private School Tuition	Preschool (or Kindergarten) tuition, full day, private: $12,000 - $18,000 per year Elementary school tuition, private: $18,000 - $25,000 per year Middle school tuition, private: $20,000 - $28,000 per year High school tuition, private: $22,000 - $30,000 per year

Please note that these costs are approximate and can vary depending on various factors such as location, time of year, and individual preferences. It is always recommended to research and compare prices before making any decisions.

Monthly Budget for Retirees in Somerset Village

"Living in Somerset Village is considered to be quite expensive. The cost of housing is high, with both rentals and property prices being significantly higher than many other places. Utilities such as electricity, water, and internet are also costly due to the island's remote location. Groceries and dining out can also be expensive as most food items are imported. The cost of transportation can add up as well, whether one is using public transportation or maintaining a private vehicle. Healthcare is of high quality but comes with a high price tag. Education, especially private schooling, can also be a significant expense for families. Despite the high cost of living, many residents feel that the unique lifestyle, beautiful surroundings, and safety of Somerset Village make it worth the expense," said one expat living in Somerset Village.

Can I live in Somerset Village on $1,500 a month?

"I've been living in Somerset Village for a while now, and I can tell you that it's possible to live on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find a place to live that's affordable. I recommend looking for a shared apartment or a small studio in neighborhoods like Scotts Hill or Mangrove Bay. These areas are more affordable compared to more expensive neighborhoods like Cambridge or Somerset Bridge.Next, you'll need to be mindful of your transportation costs. Public transportation is pretty reliable here, so I suggest getting a monthly bus pass instead of renting a car or using taxis. This will save you a significant amount of money.When it comes to groceries and eating out, you'll need to be budget-conscious. Groceries can be expensive in Bermuda, so I recommend shopping at local markets and discount stores like The MarketPlace or Supermart. Eating out can also be pricey, so try to cook at home as much as possible and limit dining out to special occasions.You'll also need to cut back on entertainment and leisure activities. Bermuda has many beautiful beaches and parks that are free to enjoy, so take advantage of those instead of spending money on expensive activities like golfing or scuba diving.Lastly, be prepared to live a more minimalist lifestyle. This means cutting back on shopping for clothes, electronics, and other non-essential items. Focus on what's truly important and necessary for your day-to-day life.In conclusion, living in Somerset Village, Bermuda on $1,500 a month is possible, but it requires making some sacrifices and being mindful of your spending. By finding affordable housing, using public transportation, being budget-conscious with groceries and dining, enjoying free outdoor activities, and living a minimalist lifestyle, you can make it work," commented an expat living in Somerset Village.

Can I live in Somerset Village on $3,500 a month?

"I've been living in Somerset Village for a while now, and I can tell you that it's possible to live comfortably on $3,000 a month, but you'll have to make some sacrifices. First, you'll need to find a more affordable neighborhood to live in. I'd recommend looking into areas like Sandy's Parish or Southampton Parish, as they tend to have more reasonably priced housing options compared to the more expensive neighborhoods like Hamilton or St. George's.When it comes to transportation, owning a car can be quite expensive here, so I'd suggest relying on public transportation like buses and ferries, or even getting a scooter to get around the island. This will save you a significant amount of money on gas, insurance, and maintenance.Groceries can also be quite pricey in Bermuda, so you'll need to be mindful of your spending in this area. I'd recommend shopping at local markets and buying in-season produce to save some money. Additionally, eating out can be expensive, so try to cook at home as much as possible and limit dining out to special occasions.Another area where you might need to make sacrifices is in entertainment and leisure activities. While there are plenty of free or low-cost activities to enjoy, such as going to the beach or exploring the island's parks and nature reserves, you might need to cut back on more expensive hobbies or outings.Lastly, you'll need to be mindful of your utility usage, as electricity and water can be quite expensive in Bermuda. Try to conserve energy by turning off lights and appliances when not in use, and be conscious of your water usage.Overall, living comfortably on $3,000 a month in Somerset Village is possible, but you'll need to be mindful of your spending and make some sacrifices in certain areas. By choosing a more affordable neighborhood, relying on public transportation, being conscious of your grocery spending, and cutting back on entertainment and utility expenses, you can make it work," said one expat living in Somerset Village.

Can I live in Somerset Village on $5,000 a month?

"I've been living in Somerset Village for a while now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even if you're used to modern amenities. However, you might have to make some sacrifices to make it work. For example, you might need to cut back on dining out at expensive restaurants or limit your shopping sprees. When it comes to finding a place to live, I'd recommend looking for a rental in the more affordable neighborhoods like Sandys Parish or Southampton Parish. These areas offer a good mix of local culture and modern amenities, and you can find some nice apartments or houses for rent within your budget. On the other hand, I'd avoid the more expensive neighborhoods like Hamilton Parish or Paget Parish, as the cost of living there can be quite high.Another thing to consider is transportation. Owning a car in Bermuda can be expensive due to import duties and high gas prices, so you might want to rely on public transportation like buses and ferries, or even consider getting a scooter to get around the island. This can help you save a significant amount of money each month.Groceries can also be a bit pricey in Bermuda, so you might want to shop at local markets and buy in-season produce to save some money. Additionally, you can cut back on your entertainment expenses by taking advantage of the many free or low-cost activities available on the island, such as hiking, snorkeling, or exploring the beautiful beaches.Overall, living in Somerset Village on a $5,000 a month budget is doable, but you'll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing an affordable neighborhood, relying on public transportation, and being smart about your grocery and entertainment choices, you can enjoy a comfortable life in this beautiful island paradise," commented an expat living in Somerset Village.