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2020 Living Standards

4 years ago
Hi all,

Unfortunately it's the usual topic of discussion on any Bermuda forum...money vs cost of living.

I've just been offered a job with a $116,000 salary on the island ($9500per month). I'll get slightly subsides rent at between $1500-1800 per month for a shared apartment and 50% of the basic healthcare package covered.

I'm usually a humanitarian worker across conflict zones and work for next to nothing usually, my hope is to come to Bermuda for 12-18 months to be able to save for a house deposit back in the UK as the humanitarian world won't leave me with much when I hit retirement age.

What are the monthly costs of internet, phone etc in 2020? I'm a vegetarian, single male with no particularly expensive hobbies or fussyness about high living standards. If I can afford a few beers on a Friday night once or twice a month I'm happy.

How much could I realistically expect to save after 12 months? There seems to be a lot of mixed messages..

Any help would be HUGELY appreciated!

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Universal Tax Professionals
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