Good to know
Good to Know
- The Bermuda Dollar is pegged 1:1 to USD, eliminating currency volatility risk.
- Furnished short-term rentals typically cost more than the base figures listed—budget an additional 20-30%.
- Expats cannot own residential property; renting is the only option. Secure a lease well in advance.
- Expect housing costs to consume roughly half your budget; cooking at home and choosing suburbs significantly reduce overall spend.
- All three core neighbourhoods sit within ~10 minutes of Hamilton City Centre by bus or car. For nomads, Paget and Devonshire offer quieter living while keeping work access easy.
Neighborhoods
Hamilton City Centre (Pembroke Parish)
- Cost Rank
- Highest
- Demographics
- Mixed expatriate and local population. Pembroke Parish hosts 4,747 residents with a vibrant expat community ensuring quick integration for newcomers.
- Why For Nomads
- Core business and financial hub with walkability, direct access to services, modern amenities, and vibrant expat community. Ideal for professionals prioritizing work-life convenience and networking.
- Monthly Rent Range
- BMD 3,342
per month, one-bedroom in centre
Paget Parish
- Cost Rank
- Moderate to High
- Demographics
- Higher expatriate concentration (35% non-Bermudian). Paget Parish has 2,237 residents. White residents comprise 55% of population versus 31% island-wide, reflecting historical expatriate settlement patterns. Median household income exceeds national average ($111,908 in 2016).
- Why For Nomads
- Central-southern location with quieter residential streets, good connectivity to Hamilton via three principal roadways, cultural attractions, and beaches. Balances work access with lifestyle quality.
- Monthly Rent Range
- BMD 2,400
per month, typical estimate outside immediate centre
Devonshire Parish
- Cost Rank
- Most Affordable
- Demographics
- Devonshire Parish has 2,873 residents. Mix of young professionals and families. Offers more residential character while maintaining proximity to Hamilton City and employment centres.
- Why For Nomads
- Practical base with more affordable housing than central Hamilton, good connectivity, family-friendly amenities, and modern apartments. Ideal for first-time movers and young professionals seeking value.
- Monthly Rent Range
- BMD 2,198
per month, typical estimate for area outside centre
General Context
- Coworking
- Co-working spaces with high-speed Wi-Fi available for remote work.
- Transportation
- Reliable bus routes, sea ferry service, and local taxis. Bikes and walking practical for closer stays.
- Overall Cost Level
- Very high throughout Hamilton and adjacent parishes
- Key Cost Consideration
- Housing typically takes 49% of typical income, above the 30% international benchmark. Centre locations cost roughly 50% more than outer areas.
- Seasonal Note
- Shoulder seasons allow optimized budgeting. Warmer months invite beach and outdoor activities; cooler months favour indoor markets and cultural events.
AI-generated estimateData refreshed July 2026
Sources cited for this category
These are the sources cited in this best neighborhoods research for this city. Individual figures may not each trace to one of them.
More About Hamilton
Data last updated July 2026 · Verify anything important.