“Bermuda is not a place, it’s a state of mind.” This popular island saying couldn’t be more true, especially for retirees looking to swap the rat race for island grace.
According to recent market trends, Bermuda property prices have held steady while buyer demand for retirement homes, particularly those in oceanfront areas, has increased. That means retirees are seeing the island not just as a vacation destination, but as a full-time paradise where they can enjoy a fulfilling and luxurious lifestyle.
If you’ve ever dreamed of turquoise waters, year-round sunshine, and a laid-back yet upscale lifestyle, Bermuda might just be your retirement haven. But what’s the real picture behind the pink sand and pastel cottages? In 2025, retiring in Bermuda offers both beauty and balance, with an exceptional quality of life, modern infrastructure, and a welcoming community of locals and expats.
Whether you're planning your next chapter or just exploring your options, this guide will help you understand what living in Bermuda as a retiree truly looks like.
Why Retire in Bermuda?
Bermuda offers retirees an appealing mix of scenic beauty, cultural richness, and modern convenience. The island's subtropical climate means warm temperatures throughout the year, making it ideal for those seeking to escape colder regions. The natural beauty of the island is striking, with pink sand beaches, lush greenery, and clear turquoise waters offering stunning views and countless opportunities for outdoor relaxation.
Culturally, Bermuda is a unique blend of British and Caribbean influences. Retirees often find the lifestyle on the island both comfortable and familiar, especially because English is the official language and the majority of residents are friendly and welcoming to newcomers.
Safety is another significant advantage. Bermuda has one of the lowest crime rates in the Atlantic region and boasts a stable political system, which gives retirees peace of mind when it comes to long-term residency.
Additionally, the island offers a high standard of living with well-developed infrastructure, healthcare facilities, and international connectivity. Flights from the U.S., Canada, and the UK are short and frequent, making it easy to visit family or return for check-ups and other obligations abroad.
Residency Options and Legal Considerations
While Bermuda does not offer a specific retirement visa, there are viable pathways for foreign retirees to live on the island. The most popular option is the Long-Term Residency Certificate (LTRC), which allows non-Bermudians to reside in Bermuda indefinitely as long as they do not seek employment. This certificate is ideal for retirees who can demonstrate that they are financially independent and have sufficient income to support themselves without working on the island.
To qualify, applicants must meet financial criteria, pass a background check, and comply with local residency laws. The LTRC makes it possible for retirees to enjoy long-term stays without constantly renewing short-term visas.
From a tax perspective, Bermuda is especially attractive. There is no income tax, capital gains tax, or inheritance tax, which can make a significant difference for retirees living off pensions, investments, or other forms of passive income.
Regarding property ownership, non-Bermudians are permitted to purchase property in Bermuda, but only those that meet specific criteria and price thresholds. A government license is required, and purchases are generally limited to higher-end properties. For this reason, working with a knowledgeable real estate agency such as The Property Group Bermuda is essential to ensure all legal requirements are met smoothly and efficiently.
Cost of Living in Bermuda
The cost of living in Bermuda is relatively high compared to many other retirement destinations. This is primarily due to the island’s reliance on imported goods, which affects prices across the board. Groceries, utilities, and household items all tend to cost more than in the U.S. or Europe.
Housing is another major expense. Retirees can expect to pay a premium for well-located homes, particularly those with ocean views or access to amenities. Condominiums and smaller homes offer more budget-friendly alternatives for those who are downsizing.
Healthcare costs are another important factor. Bermuda has high-quality medical facilities, but private healthcare is the norm, and retirees are required to carry private health insurance. This can be a significant ongoing expense but provides peace of mind and access to reliable care.
Transportation costs are manageable. While cars are expensive to import and maintain, many retirees get by with scooters or small electric vehicles. Bermuda also has a reliable public transportation system with buses and ferries.
In terms of value, Bermuda may not be the cheapest place to retire, but its tax advantages and lifestyle offerings can outweigh the financial drawbacks for those who plan carefully and budget accordingly.
Housing and Real Estate for Retirees
Retirees relocating to Bermuda will find a variety of housing options to suit different preferences and budgets. Choices range from upscale condominiums and historic cottages to luxury oceanfront estates with sweeping views of the Atlantic.
Some of the most desirable areas for retirees include Paget Parish, which offers proximity to medical facilities and central Hamilton; Warwick, known for its golf courses and beaches; and St. George’s, a UNESCO World Heritage site with charm and character.
Working with a local real estate expert is essential. Agencies such as The Property Group Bermuda specialize in helping non-Bermudians navigate the legal complexities of property ownership on the island. They provide access to exclusive listings and offer personalized guidance throughout the buying process.
Property maintenance, home security, and management services should also be considered, especially for retirees who may divide their time between Bermuda and another home country. Many luxury properties include these services or offer referrals to trusted providers.
Healthcare Services for Retirees in Bermuda
Bermuda’s healthcare system is modern and well-equipped, making it suitable for retirees who prioritize health and wellness. Both public and private medical services are available, with the majority of expats and retirees opting for private care due to shorter wait times and greater flexibility.
The main hospital, King Edward VII Memorial Hospital, provides a range of services, including emergency care, general medicine, and specialist treatment. There are also numerous private clinics across the island offering general practice, dentistry, physiotherapy, and diagnostic services.
Health insurance is mandatory, and retirees must secure a private plan that covers their needs. Costs vary depending on age and coverage level, but a well-structured plan ensures that retirees can access quality care without concern.
For major or highly specialized treatments, some retirees choose to travel to the U.S. or Canada. However, for day-to-day care and most common medical procedures, Bermuda’s facilities are more than adequate.
Lifestyle, Culture, and Community
Retirement in Bermuda offers more than just beautiful surroundings. The island provides a rich cultural life and a strong sense of community. Retirees can join a variety of clubs, from golf and gardening to photography and sailing. There are also social organizations specifically for seniors and expatriates, helping newcomers find their tribe quickly.
Cultural activities abound. From music festivals and art exhibitions to parades and culinary events, Bermuda hosts a full calendar of engaging experiences. Retirees who enjoy the arts or are looking to explore new interests will find many opportunities to do so.
Volunteering is another way to connect and contribute. Many retirees engage with nonprofit organizations, schools, and local churches to stay active and give back.
Dining and shopping are equally enjoyable. The island offers everything from fresh seafood restaurants to gourmet markets and boutique shops, making day-to-day living both convenient and pleasurable.
Outdoor Activities and Leisure
Bermuda’s natural beauty lends itself to an active and healthy retirement. The island’s beaches, including Horseshoe Bay and Elbow Beach, are ideal for swimming, sunbathing, or simply enjoying a relaxing walk along the shore.
Golf is a major pastime in Bermuda. Retirees can join world-class golf clubs such as Port Royal Golf Course and Mid Ocean Club, which offer not only excellent play but also opportunities for social interaction.
Snorkeling, diving, and sailing are popular with retirees who enjoy marine life and outdoor exploration. The island’s reefs and shipwrecks provide some of the best diving in the Atlantic, and there are plenty of charters for casual excursions.
Nature lovers can explore walking trails in areas such as Spittal Pond and Cooper’s Island Nature Reserve, which are perfect for birdwatching, photography, and gentle hikes. For those who enjoy day trips, Bermuda’s ferry system makes it easy to explore different parishes and discover hidden gems.
Connecting with Other Retirees and Expats
One of the most reassuring aspects of retiring in Bermuda is the thriving expat community. Newcomers quickly find that they are not alone, thanks to numerous expat forums, Facebook groups, and social clubs designed to help retirees connect and build friendships.
Weekly meetups, hobby groups, and events cater to a wide range of interests, and many are specifically tailored for retirees. From bridge nights to book clubs, there’s something for everyone.
Testimonials from current expat retirees often highlight the welcoming nature of the community and the ease of integrating into island life. Many retirees report feeling at home within just a few months.
Additionally, local real estate agencies like The Property Group Bermuda often host events and offer concierge-style services to help new residents get settled and begin making connections.
Why Choose The Property Group Bermuda?
The Property Group Bermuda is more than just a real estate agency. With over 20 years of experience, they are recognized for their deep understanding of the local property market and their dedication to helping retirees find their perfect home on the island.
Their proven track record of success speaks volumes. They have assisted numerous international buyers and retirees, providing expert guidance through every step of the home-buying process.
Each client receives personalized attention and a marketing strategy tailored to their unique goals and lifestyle needs. Whether you're looking for a quiet cottage, a modern condominium, or a luxury villa with an ocean view, they know exactly where to look.
The team offers ongoing support beyond the sale, including help with legal documentation, move-in logistics, and even long-term property management solutions. They also utilize the latest technology to provide virtual tours, digital paperwork, and real-time market updates, giving clients full transparency and convenience throughout the experience.
With The Property Group Bermuda, you're not just buying a property. You're gaining a trusted partner who understands your vision for retirement and is committed to making it a reality.
Pros and Cons of Retiring in Bermuda
Pros:
Bermuda offers retirees a safe, clean, and politically stable environment with excellent healthcare, beautiful weather, and no personal income taxes. The lifestyle is relaxed yet upscale, with a strong community feel and easy access to the U.S., Canada, and Europe.
Cons:
The cost of living is high, especially for imported goods and private healthcare. Bermuda's island location can feel isolating for some, and access to certain medical specialists may require travel abroad. Limited visa options mean careful planning is necessary.
Ideal for:
Bermuda is best suited for financially secure retirees who value safety, quality of life, and a luxurious, nature-rich setting.
Conclusion: Is Bermuda Right for Your Retirement?
Retiring in Bermuda is more than a lifestyle change. It’s an opportunity to live your golden years in one of the world’s most beautiful and secure locations. With stunning surroundings, modern infrastructure, a welcoming community, and no personal income taxes, Bermuda is a compelling option for retirees who want the best of both luxury and simplicity.
That said, retiring here requires thoughtful planning. From legal residency to budgeting for living expenses and healthcare, the more you understand in advance, the smoother your transition will be.
If you’re considering an island retirement, now is the time to explore your options. Contact The Property Group Bermuda to begin your journey toward a more fulfilling retirement.
FAQs: Retiring in Bermuda
Can I retire in Bermuda as a foreigner?
Yes, it is possible for foreigners to retire in Bermuda through the Long-Term Residency Certificate (LTRC) program. This certificate allows financially independent individuals to reside in Bermuda indefinitely without needing a work permit. To qualify, you must demonstrate sufficient financial resources to support yourself and comply with residency regulations. While Bermuda does not offer a traditional retirement visa, the LTRC is the most common route for retirees.
How much does it cost to live in Bermuda as a retiree?
The cost of living in Bermuda is relatively high due to the island’s dependence on imported goods. Retirees should budget carefully for housing, groceries, utilities, and private health insurance. A modest retirement budget might start at around $5,000 per month, depending on lifestyle choices. Housing costs vary widely, with oceanfront properties commanding a premium. However, some retirees find cost-effective options in smaller homes or condominiums.
What type of healthcare is available in Bermuda?
Bermuda has a modern healthcare system offering both public and private services. Most retirees rely on private healthcare, which requires a health insurance plan. Hospitals and clinics are well-equipped to handle common medical needs, although complex or specialized procedures may necessitate travel to the U.S. or Canada. The island is home to the King Edward VII Memorial Hospital as well as a range of private practitioners across different specialties.
Do I need to work with a real estate agent to buy property?
Yes, it is strongly recommended that non-Bermudians work with a local real estate agent, especially since purchasing property involves government licensing and compliance with strict regulations. Agents such as The Property Group Bermuda have deep knowledge of the market and can guide you through every step, from finding a suitable property to handling legal paperwork and facilitating move-in services.
Are there active expat communities on the island?
Absolutely. Bermuda is home to a vibrant expat community, and retirees can quickly connect through social clubs, online forums, and local events. Facebook groups, expat meetups, and hobby clubs provide excellent opportunities to build friendships and create a sense of belonging. Many retirees describe the community as warm, welcoming, and supportive, making the transition to island life smooth and enjoyable.