×
Interested in our Partner Program for businesses or our Local Guide Program for experienced expats and digital nomads? Click here to learn more.
Expat Exchange - Cost of Living in Pembroke 2024
Expat Exchange
Free MembershipSign In


Cost of Living in Pembroke

By Joshua Wood, LPC

GeoBlue
GeoBlue

Summary: If you're moving to Pembroke, understanding the the cost of living in Pembroke helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

I'm sorry, but as a text-based AI, I'm unable to create HTML tables. However, I can provide the information you requested in a text format.Pembroke is a beautiful and affluent area, but the cost of living is quite high compared to many other places. Here's a breakdown of some of the main costs:1. **Apartment Rentals**: The cost of renting an apartment in Pembroke can vary greatly depending on the size and location of the property. On average, you can expect to pay around $2,500 per month for a one-bedroom apartment in the city center, and around $1,800 per month for a one-bedroom apartment outside of the city center.2. **Apartment Purchases**: Buying an apartment in Pembroke is also quite expensive. The average price per square meter in the city center is around $7,000, and around $5,000 per square meter outside of the city center.3. **Transportation**: Public transportation in Pembroke is relatively affordable. A one-way ticket on local transport costs around $5, and a monthly pass costs around $70. If you're planning to buy a car, keep in mind that gasoline costs around $2 per liter.4. **Groceries**: Groceries in Pembroke are quite expensive due to the high cost of importing goods. Expect to pay around $5 for a liter of milk, $4 for a loaf of bread, and $3 for a dozen eggs. A meal at an inexpensive restaurant costs around $20, while a three-course meal for two at a mid-range restaurant costs around $130.5. **Utilities**: Basic utilities for an 85m2 apartment, including electricity, heating, cooling, water, and garbage, cost around $250 per month. Internet costs around $100 per month.6. **Private School Tuition**: Private school tuition in Pembroke can vary greatly depending on the school. On average, you can expect to pay around $20,000 per year for preschool, $25,000 per year for elementary school, $30,000 per year for middle school, and $35,000 per year for high school.Please note that these are average prices and actual costs may vary. It's also important to keep in mind that the cost of living in Pembroke is significantly higher than the global average, and even higher than the average in many developed countries.

Monthly Budget for Retirees in Pembroke

"Living in Pembroke is considered to be quite expensive. The cost of housing is particularly high, with both rental and purchase prices significantly above the global average. Utilities such as electricity, water, and gas are also costly due to the island's remote location and the need to import many resources. Groceries and dining out can also be expensive in Pembroke, as most food items are imported. The cost of transportation is another factor to consider, with high prices for both public transport and private vehicles. Healthcare in Pembroke is of a high standard, but it comes with a high price tag. Private health insurance is recommended to help cover these costs. Despite the high cost of living, many residents feel that the benefits of living in Pembroke, such as its beautiful scenery, pleasant climate, and high quality of life, make it worth the expense," said one expat living in Pembroke.

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

"I've been living in Bermuda for a few years now and I can tell you that living on $1,500 a month would be quite a challenge, especially if you're used to modern amenities. Bermuda is one of the most expensive places to live in the world. The cost of living is high because most goods are imported and there's a 25% import tax. Rent is the biggest expense. A one-bedroom apartment in the city center of Hamilton, which is the capital, can cost around $2,500 a month. If you're looking for more affordable neighborhoods, you might want to consider places like St. George's or Somerset Village. They're a bit further from the city center, but you can find cheaper rents there. However, even in these areas, you're looking at around $1,500 a month for a one-bedroom apartment. So, that would take up your entire budget. Then there's the cost of utilities, which can be quite high. Electricity is around $200 a month, internet is about $100 a month, and then there's water, which is also expensive because it's collected from the rain. Food is another big expense. A meal at an inexpensive restaurant can cost around $20, and groceries are also pricey. A loaf of bread, for example, can cost around $5. Transportation is another thing to consider. Cars are very expensive to own in Bermuda because of the import tax and the annual licensing fee. Most people use scooters or public transportation. A monthly bus pass is around $70. So, to live on $1,500 a month, you'd have to make some serious sacrifices. You'd probably have to share an apartment or live in a studio. You'd have to be very careful with your utility usage and eat at home most of the time. You'd also have to use public transportation or a scooter to get around. As for the modern amenities, Bermuda is a developed country, so you'll have access to things like high-speed internet and cable TV, but again, these things are expensive. In terms of neighborhoods to avoid, I'd say avoid the city center of Hamilton if you're on a tight budget. It's the most expensive area. Also, the parishes of Paget, Warwick, and Southampton are quite pricey. Living in Bermuda is definitely not cheap, but it's a beautiful place with a great quality of life. If you can find a way to make it work financially, it's worth it," commented an expat living in Pembroke.

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

"I've been living in Pembroke for a few years now and I can tell you that living on $3,000 a month is possible, but it will require some adjustments. The cost of living here is quite high compared to many places. Rent is one of the biggest expenses. If you're used to living in a modern, spacious apartment, you might have to downsize. There are affordable neighborhoods like Spanish Point and Fairylands where you can find smaller apartments or studios for around $1,500 to $2,000 a month. These areas are still quite nice and close to the city center. On the other hand, neighborhoods like Point Shares and Fairylands are more upscale and the rent there can easily exceed your entire monthly budget. Groceries are another big expense. Imported goods are particularly expensive due to the import duties. You might have to adjust your diet and eat more local produce, which is cheaper. Eating out is also quite pricey, so you'll probably have to cook most of your meals at home. Transportation is another thing to consider. Owning a car in Bermuda is expensive and unnecessary because the island is small and public transportation is quite good. You can get a monthly bus pass for around $70. Healthcare is excellent but can be expensive if you don't have insurance. Make sure you have a good health insurance plan. Lastly, you'll have to be mindful of your utility usage. Electricity and water are quite expensive. You might have to cut back on air conditioning and be more conservative with your water usage. Despite these sacrifices, living in Bermuda is a wonderful experience. The people are friendly, the weather is great, and the beaches are beautiful. It's a safe and peaceful place to live. You just have to be prepared to adjust your lifestyle to fit your budget," said one expat living in Pembroke.

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

"I've been living in Pembroke for a few years now and I can tell you that living on $5,000 a month is possible, but it does require some careful budgeting and lifestyle adjustments. The cost of living in Bermuda is quite high compared to many places, especially when it comes to housing and groceries. For housing, you might want to consider areas like Spanish Point or Fairylands. They're a bit more affordable than the more upscale neighborhoods like Point Shares or Deep Bay. A one-bedroom apartment in these areas can cost around $2,000 to $2,500 per month. Utilities, including electricity, water, and internet, can add another $300 to $400 to your monthly expenses. Groceries are also quite expensive here due to the fact that most items are imported. Expect to spend around $600 to $800 per month on groceries. Eating out can also be pricey, so you might want to limit dining out to special occasions. Transportation is another cost to consider. Owning a car in Bermuda is expensive and there are restrictions on car ownership for non-residents. Most people use scooters or public transportation. A monthly bus pass costs around $70. Health insurance is mandatory in Bermuda and can cost around $400 per month. So, if you add up all these costs, you're looking at around $4,000 to $4,500 per month. This leaves you with $500 to $1,000 for other expenses like entertainment, personal care, and savings. It's definitely doable, but it requires a more modest lifestyle and careful budgeting," commented an expat living in Pembroke.

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.


GeoBlue
GeoBlue

GeoBlue
GeoBlue

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Contribute to Bermuda Network Contribute
Help others in Bermuda by answering questions about the challenges and adventures of living in Bermuda.

GeoBlue
GeoBlue

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal Partners & Local Guides