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Expat Exchange - Cost of Living in Devonshire 2024
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Cost of Living in Devonshire

By Joshua Wood, LPC

Cigna Global Health
Cigna Global Health

Summary: Understanding the the cost of living in Devonshire helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Cost
Apartment Rentals
  • 1-bedroom apartment in city center: $2,000 - $2,500 per month
  • 1-bedroom apartment outside city center: $1,500 - $2,000 per month
  • 3-bedroom apartment in city center: $3,500 - $4,500 per month
  • 3-bedroom apartment outside city center: $2,500 - $3,500 per month
Apartment Purchases
  • Price per square meter in city center: $5,000 - $7,000
  • Price per square meter outside city center: $3,500 - $5,000
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): $15.00
  • Apples (1kg): $5.00
  • Bananas (1kg): $2.00
  • Oranges (1kg): $4.00
  • Tomato (1kg): $4.00
  • Potato (1kg): $3.00
  • Onion (1kg): $3.00
  • Water (1.5-liter bottle): $2.00
  • Bottle of wine (mid-range): $15.00
  • Domestic beer (0.5-liter bottle): $2.50
  • Imported beer (0.33-liter bottle): $3.00
Restaurants
  • Meal at an inexpensive restaurant: $20.00
  • Meal for two people at a mid-range restaurant (three courses): $100.00
  • Combo meal at a fast-food restaurant: $10.00
  • Cappuccino: $4.50
  • Soft drink (0.33-liter bottle): $2.00
  • Water (0.33-liter bottle): $1.50
Utilities
  • Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment: $250 - $350 per month
  • Internet (60 Mbps or more, unlimited data, cable/ADSL): $100 - $150 per month
Private School Tuition
  • Preschool (or kindergarten) tuition: $8,000 - $12,000 per year
  • Elementary school tuition: $15,000 - $20,000 per year
  • Middle school tuition: $20,000 - $25,000 per year
  • High school tuition: $25,000 - $30,000 per year
Please note that these costs are approximate and can vary depending on the specific area within Devonshire, and individual preferences. It is always recommended to research and compare prices before making any decisions.

Monthly Budget for Retirees in Devonshire

"Living in Devonshire is considered to be quite expensive. The cost of housing is high, with both rental and purchase prices significantly above average, particularly for properties with ocean views or close proximity to the beach. 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 in Devonshire, as most food items are imported. This includes basic items such as fruits, vegetables, and meat. The cost of transportation is also high, whether you're buying a car, paying for gas, or using public transportation.Healthcare in Devonshire is of a high standard, but it is also costly. Both public and private healthcare services are available, but private healthcare is more expensive. Education, particularly international schooling, can also be a significant expense for families living in Devonshire.Despite the high cost of living, many residents feel that the benefits of living in Devonshire, such as the beautiful scenery, pleasant climate, and high quality of life, make it worth the expense," said one expat living in Devonshire.

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

"I've been living in Devonshire 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. Some of the more expensive neighborhoods like Flatts Village and Devonshire Bay might be out of your budget, so I'd recommend looking for a place in the more affordable areas like Middle Road or Palmetto Road. You might have to settle for a smaller apartment or share a place with roommates to keep the rent within your budget.Next, you'll need to be mindful of your utility bills. Electricity and water can be quite expensive here, so you'll want to be conservative with your usage. This might mean using fans instead of air conditioning, taking shorter showers, and being mindful of turning off lights and appliances when not in use.Transportation can also be a significant expense, so you might want to consider using public transportation like buses or ferries instead of owning a car. If you do decide to get a car, be prepared for high gas prices and maintenance costs.Groceries and eating out can also add up quickly. You'll want to shop at more affordable grocery stores like The MarketPlace or Lindo's, and cook most of your meals at home. Eating out can be quite expensive, so save that for special occasions or when you find a good deal at a local restaurant.Finally, you'll need to be mindful of your entertainment and leisure expenses. Going out for drinks, attending events, or participating in activities can be costly. Look for free or low-cost events and activities, and consider inviting friends over for a movie night or potluck dinner instead of going out.Overall, living in Devonshire, Bermuda on $1,500 a month is possible, but you'll need to be disciplined with your spending and make some sacrifices to make it work," commented an expat living in Devonshire.

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

"I've been living in Devonshire 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. Some of the more expensive neighborhoods like Fairylands and Tucker's Town are definitely out of the question. Instead, consider looking for a place in areas like Middle Road or Palmetto Road, where you can find more reasonably priced apartments or small houses.One of the sacrifices you'll have to make is downsizing your living space. You might have to settle for a smaller apartment or a shared living situation to make your budget work. Additionally, you'll need to be mindful of your utility usage, as electricity and water can be quite expensive in Bermuda.Another thing to consider is transportation. Owning a car in Bermuda can be costly, so you might want to rely on public transportation or invest in a scooter for getting around. This will not only save you money on car payments and insurance but also on gas, which is also quite expensive on the island.Eating out can be pricey in Bermuda, so you'll want to cook at home as much as possible. Groceries can also be expensive, but shopping at local markets and buying in-season produce can help you save some money. You might also want to cut back on imported goods, as they tend to be more expensive.When it comes to entertainment and leisure activities, you'll need to be selective. Going out for drinks or attending events can add up quickly, so try to find free or low-cost activities to enjoy. There are plenty of beautiful beaches and parks to explore, and you can also take advantage of the many cultural events and festivals that take place throughout the year.In conclusion, living comfortably on $3,000 a month in Devonshire, Bermuda is possible, but you'll need to make some sacrifices and be mindful of your spending. By choosing a more affordable neighborhood, cutting back on utilities, relying on public transportation, cooking at home, and finding low-cost entertainment options, you can make it work," said one expat living in Devonshire.

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

"I've been living in Devonshire for a while now, and I can tell you that it's possible to live comfortably on $5,000 a month, but you'll need to make some sacrifices. First, you'll need to find a more affordable neighborhood to live in. Some of the more expensive neighborhoods like Fairylands and Tucker's Town are definitely out of the question. Instead, consider looking for a place in areas like Smith's Parish or Warwick Parish, where you can find more reasonably priced housing options.Next, you'll need to be mindful of your transportation costs. Owning a car in Bermuda can be quite expensive, so I'd recommend using 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.When it comes to groceries and dining out, you'll need to be more budget-conscious. Imported goods can be quite pricey, so try to shop at local markets and buy seasonal produce. Cooking at home more often will also help you save money, as dining out in Bermuda can be expensive, especially in touristy areas.Another sacrifice you might have to make is cutting back on entertainment and leisure activities. While there are plenty of free or low-cost things to do in Bermuda, like going to the beach or exploring nature reserves, you might need to limit more expensive activities like golfing, scuba diving, or attending events and concerts.Lastly, you'll need to be mindful of your utility costs. Electricity and water can be quite expensive in Bermuda, so try to conserve energy and water as much as possible. This might mean using fans instead of air conditioning, taking shorter showers, and being more conscious of your overall consumption.Overall, living comfortably on $5,000 a month in Devonshire, Bermuda is possible, but you'll need to be more budget-conscious and make some sacrifices in terms of housing, transportation, and lifestyle choices," commented an expat living in Devonshire.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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