Welcome to your guide to the Bermuda job market. Finding the right job or candidate requires solid data. Here you will find key figures on employment, salaries and the economy to support your next career step or recruitment decision in Bermuda.
Job market overview
| Key metric | Current value |
|---|---|
| Total population | 64,000 residents |
| Employment rate | 80% |
| Unemployment rate | 3.7%Low unemployment – employers often compete for skilled staff. |
With an unemployment rate of 3.7%, Bermuda has a tight labor market. Skilled professionals are usually in demand.
Living & working in Bermuda: salaries and cost of living
Before relocating or applying for jobs in Bermuda, consider these key economic factors:
| Indicator | Value | Compared with the U.S. |
|---|---|---|
| Average monthly salary | 5,400 USD | 120% of the U.S. averagesimilar level |
| Purchasing power | 1.2 | weaker (U.S. = 100) |
With a purchasing power index of 1.2, the average monthly salary of 5,400 USD supports a budget-conscious lifestyle in Bermuda. Always compare an offer with local rents and living costs in the specific city.
Top industries & employers in BMU
| Leading industry | Financial Services |
| Growth sector | Tourism |
| Service sector | Insurance |
| Major employers | Bermuda Commercial Bank, Butterfield Bank |
Job seekers will usually find the most openings in Financial Services, while Tourism offers growth potential.
Working in Bermuda – FAQ
What's the employment situation in Bermuda?
Bermuda has a population of about 64,000. The employment rate is 80%. The unemployment rate currently stands at 3.7%.
Which are the top companies in Bermuda?
Large employers in Bermuda include Bermuda Commercial Bank, Butterfield Bank.
How far does a salary go in Bermuda?
The purchasing power index for Bermuda is 1.2 (U.S. = 100), which means the cost of living should be weighed carefully when comparing job offers.
How can I find jobs in Bermuda?
Browse the latest international openings on Cityjobs and filter by country or remote work. Employers post directly, and you apply with the employer.
Which industries matter most in Bermuda?
Financial Services is the leading industry, while Tourism is an important growth sector, alongside Insurance.
Data sources & methodology
The figures in this guide are compiled from these public sources:
- Employment & economic data: World Bank Indicators
- Cost of living & salaries: Numbeo Cost of Living Database
