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Expat Exchange - Cost of Living in Tucker's Town 2024
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Cost of Living in Tucker's Town

By Joshua Wood, LPC

Cigna Global Health
Cigna Global Health

Summary: Understanding the the cost of living in Tucker's Town 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: $2,500 - $3,500 per month
  • 1-bedroom apartment outside city center: $1,800 - $2,500 per month
  • 3-bedroom apartment in city center: $4,500 - $6,000 per month
  • 3-bedroom apartment outside city center: $3,000 - $4,500 per month
Apartment Purchases
  • Price per square meter in city center: $6,000 - $8,000
  • Price per square meter outside city center: $4,000 - $6,000
Transportation
  • One-way local transport ticket: $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): $5.00
  • Eggs (12): $4.50
  • Cheese (1kg): $15.00
  • Chicken breasts (1kg): $12.00
  • Beef round (1kg): $18.00
  • Apples (1kg): $6.00
  • 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
Restaurants
  • Meal at an inexpensive restaurant: $20 - $30
  • Three-course meal for two at a mid-range restaurant: $100 - $150
  • Combo meal at a fast-food restaurant: $10 - $12
  • 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
  • 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 Tucker's Town

"The cost of living in Tucker's Town is considered to be quite high. This is largely due to the fact that most goods and services need to be imported from overseas, which significantly increases their price. Housing is also expensive, with the cost of renting or buying a home being much higher than in many other parts of the world. Utilities such as electricity and water are also costly, as is transportation. The cost of groceries and dining out is also high, with prices often being double or even triple what one might expect to pay in the United States or Canada. Despite these high costs, many residents feel that the high quality of life, beautiful surroundings, and favorable tax situation make living in Tucker's Town worth the expense," said one expat living in Tucker's Town.

Can I live in Tucker's Town on $1,500 a month?

"I've been living in Bermuda for a while now, and I can tell you that living comfortably on $1,500 a month in Tucker's Town would be quite a challenge, especially if you're used to modern amenities. Bermuda is known for its high cost of living, and Tucker's Town is one of the more upscale areas on the island. To make it work, you'd have to make some significant sacrifices.First, you'd need to find affordable housing, which can be difficult in Tucker's Town. You might have to consider sharing a place with roommates or looking for a small studio apartment. You could also explore other neighborhoods that are more budget-friendly, such as St. George's or Hamilton Parish. These areas might not be as luxurious as Tucker's Town, but they still offer a decent quality of life and are more affordable.Next, you'd have to be mindful of your spending on groceries and dining out. Eating out in Bermuda can be quite expensive, so you'd need to cook most of your meals at home and limit dining out to special occasions. Shopping at local markets and buying in-season produce can help you save on groceries.Transportation is another area where you'd need to cut costs. Owning a car in Bermuda is expensive, so you'd have to rely on public transportation, such as buses and ferries, or invest in a scooter for getting around the island. This might be a bit of an adjustment if you're used to driving a car, but it's a necessary sacrifice to make your budget work.Lastly, you'd need to be mindful of your spending on entertainment and leisure activities. Bermuda offers many free or low-cost activities, such as hiking, swimming, and exploring the island's beautiful beaches and parks. However, you'd need to limit spending on more expensive activities, such as golfing, scuba diving, or attending events and concerts.Overall, living on $1,500 a month in Tucker's Town would require some significant lifestyle adjustments and sacrifices. You might want to consider looking into more affordable neighborhoods or increasing your budget to ensure a more comfortable living experience," commented an expat living in Tucker's Town.

Can I live in Tucker's Town on $3,500 a month?

"I've been living in Bermuda for a while now, and I can tell you that living comfortably on $3,000 a month in Tucker's Town might be a bit challenging, especially if you're used to modern amenities. The cost of living in Bermuda is quite high, and Tucker's Town is one of the more upscale areas on the island. However, it's not impossible to make it work if you're willing to make some sacrifices.Firstly, you'll need to find a more affordable place to live. Instead of Tucker's Town, consider looking for a rental in neighborhoods like St. George's, Hamilton Parish, or Warwick. These areas tend to have more reasonably priced housing options, and you'll still be able to enjoy the beautiful island scenery and beaches.Next, you'll need to be mindful of your spending on groceries and dining out. Imported goods can be quite expensive in Bermuda, so try to shop at local markets and cook at home as much as possible. When you do go out to eat, look for more budget-friendly options like food trucks or local pubs.Transportation is another area where you can save money. Owning a car in Bermuda can be costly, so consider using public transportation like buses and ferries, or invest in a scooter for getting around the island. This will not only save you money on gas and maintenance but also allow you to explore the island in a more authentic way.Finally, be prepared to cut back on some of the luxuries you might be used to. High-speed internet and cable TV can be expensive in Bermuda, so you might need to downgrade your plans or find alternative forms of entertainment. Additionally, you may need to limit your spending on activities like golfing, scuba diving, and other tourist attractions.Overall, living comfortably on $3,000 a month in Bermuda will require some adjustments and sacrifices, but it's not impossible if you're willing to be flexible and adapt to a more modest lifestyle. And remember, the natural beauty and unique culture of the island will more than make up for any sacrifices you have to make," said one expat living in Tucker's Town.

Can I live in Tucker's Town on $5,000 a month?

"I've been living in Bermuda for a while now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even in Tucker's Town. However, you might have to make some sacrifices in terms of the size of your living space and the number of modern amenities you're used to.Tucker's Town is one of the more upscale neighborhoods in Bermuda, so you might find that rent prices are a bit higher than in other areas. If you're looking for something more affordable, you might want to consider neighborhoods like Hamilton Parish or St. George's. These areas are still close to the city center and have a good mix of modern amenities, but the cost of living is generally lower.In terms of sacrifices, you might have to downsize your living space a bit. Bermuda is known for its smaller, more compact homes, so you might not be able to find a large, spacious apartment or house within your budget. Additionally, you might have to cut back on some of the more luxurious amenities you're used to, like a private pool or a large backyard.Another thing to consider is the cost of groceries and other everyday items. Bermuda is an island, so many goods have to be imported, which can drive up the cost of living. You might have to adjust your shopping habits and be more mindful of your spending in order to make your budget work.Overall, it's definitely possible to live comfortably on $5,000 a month in Tucker's Town, but you'll have to be willing to make some sacrifices in terms of your living space and amenities. If you're open to exploring other neighborhoods, you might find that there are more affordable options available that still offer a great quality of life," commented an expat living in Tucker's Town.

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.


Cigna Global Health
Cigna Global Health

Cigna Global Health
Cigna Global Health

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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