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Bermuda tops cost of living index

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In 2021, Bermuda was again the most expensive place in the world when it topped the world’s Cost of Living Index as measured by Numbeo.com, beating out all other countries by wide margins in cost of rent, cost of living, cost of groceries and even a restaurant price index.

It is becoming an annual “honour”. The island occupied the same ranking in 2020.

A measure of the numbness with which such news is greeted is evidenced by the fact that fuel prices rose 15.2 per cent in August and almost no one noticed.

Numbeo outlined Bermuda’s number one ranking in several ways, including this summary updated to October:

• Family of four estimated monthly costs are $6,713.87 without rent.

• A single person estimated monthly costs are $1,842.17 without rent.

• Cost of living in Bermuda is, on average, 108.60 per cent higher than in the US.

• Rent in Bermuda is, on average, 134.85 per cent higher than in the US.

The data has included continuous submissions, including 552 new entries in the past 12 months up to the latest submissions in December.

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Published December 31, 2021 at 7:46 am (Updated December 30, 2021 at 9:59 pm)

Bermuda tops cost of living index

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