Numbeo: Bermuda #1 In Cost Of Living Index
Bermuda is ranked number one in the cost of living index by country again in 2023, according to a list compiled by Numbeo.com.
Switzerland is second, our fellow British Overseas Territory Cayman Islands is third, Bahamas is fourth, while Barbados is fifth, meaning that 80% of the top five are smaller islands in our region.
The Numbeo website said, “You are looking at Cost of Living Index by country 2023. These indices are historical and they are published periodically. It’s a snapshot of the current indices at a specific point in time.”
As Bernews previously reported, Bermuda has the dubious distinction of being classified by Guinness World Records as having the highest cost of living, with their listing citing the Numbeo rankings.
Screenshot courtesy of Numbeo.com
Yay! We’re number 1 at something!
It is unbelievable to learn that Bermuda is the Highest Country with the cost of living index 141.8 higher then even Switzerland? I am amazed to know this even though shopping at the grocery store within the past year has been unrealistic. The prices have gone up 30% at least and when you look at Government figures they say 8 to 10%? Something should be done to reduce the price of food when people are doing without. I am a senior but I do have a moderate income and even then after paying bills and food I don’t have much left to spend. Sometimes I don’t have enough to buy food. Good luck Bermuda!
This is not the first time Bermuda has been called the most expensive place in the world to live. Different organizations use different methodologies and so differ in the order of the most expensive places to live, but Bermuda usually features with the other “usual suspects”, Switzerland and Norway.
The Bahamas and Barbados are a bit of a surprise to see in the top 5 most expensive places to live.
wow the government really is proud to be the most expensive place to live in the whole wide world. it would be absolutely great if this wasn’t the case.