How much money should ONE person make monthly in order to live on their own in Bermuda? Out of 85 responses, the top 3 were:
$6,000
$5,000
$10,000
The average figure from the responses was $6,100. With unemployment rate being the highest ever for persons under 25 and inflation increasing - there’s no realistic way the average person can make that amount in Bermuda. Not unless you’re employed at the 8 occupations listed in the Bermuda Employment Brief 2021.
In this episode, I created an estimate of the low and high end of what someone needs to make to survive on their own in Bermuda - with stipulations. I go over the feedback from the conversations on MEDIA MAYA Instagram platform about government initiatives and cost of living. As well as the economic relief fund.
HTO is proudly sponsored by @greenlightenergy.bm
Sources:
- Bermuda Employment Statistics Brief 2021
- Premier ministerial statement, Economic Relief update
- OBA statements, Dwayne Robinson and Vic Ball
- Consumer Price Index, May 2022
- Property skipper / Facebook
- Friends, family and personal experience
- MEDIA MAYA Instagram polls
- Articles/ news reports on Bermuda’s economy: GQ mag, travel and leisure, Wall Street, The Flat: Travel Around the world
(Note: the chart estimation made by MEDIA MAYA is not an indication to follow. Trying to survive on the lowest spectrum of the estimate does not provide healthy eating habits or a healthy lifestyle - especially if you limit yourself to the lower spectrum of all categories. Remember, neither estimate includes: therapy, emergency fund, gym memberships, club memberships, pedicures, waxes, etc. it is a rough estimate)