How Things Operate (HTO), episode 15: The cost of living on your own in Bermuda

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)

[@clmorris3690]

Very well done Maya!

[@fox1019]

Fantastic video many thanks!

[@karenojo2190]

Helpful info, thank you!

[@timmoycole4720]

How much a hour in the construction field?

[@fredx220]

💐 p̲r̲o̲m̲o̲s̲m̲