Median Income by Age Group in Bermuda

Understanding how earnings evolve throughout a career is vital for financial planning and benchmarking in Bermuda. According to the Bermuda Job Market Employment Briefs (October 2025), the island-wide median gross annual income for 2024 reached $71,151. This figure represents a 1.3% increase from the previous year's median of $70,238.

The 2024 data, collected by the Department of Statistics, highlights a clear "earnings lifecycle" where income typically peaks in mid-career before tapering off as workers approach and surpass traditional retirement age.

Median Gross Annual Income by Age (2024)

The following breakdown illustrates the midpoint earnings for all filled jobs held by people within specific age cohorts.

• Under 25: the median income for this group is $41,339. This represents approximately 58% of the overall island median.
• 25 to 39: earnings for this group rise to a median of $72,328. This cohort earns slightly above the general population midpoint at 102% of the median.
• 40 to 54 (peak earning years): this group continues to be the highest-paid demographic in Bermuda, with a median income of $79,081. These workers earn 111% of the overall island median.
• 55 to 64: median earnings for this demographic are $73,326. While lower than the peak years, this group still earns 103% of the overall median.
• 65 and over: for those continuing to work past traditional retirement age, the median income is $56,325. This represents roughly 79% of the overall island median.

Key Employment Trends by Age

Beyond just salary, the 2025 report highlights significant shifts in who is filling jobs in Bermuda's labor market:

• Growth among seniors: filled jobs for workers aged 65 and over grew by 7.2%, an increase of 203 positions.
• Mid-career stability: the 40 to 54 age group saw a 2.5% increase in filled jobs, totaling 12,039 positions.
• Youth participation: while the Under 25 group has the lowest median income, it remains a critical entry point for the local workforce.

Contextualizing the Data

It is important to note that these figures represent gross income—the total monetary compensation before voluntary or mandatory deductions such as payroll tax or social insurance. While age is a strong indicator of experience and earning potential, other factors such as industry (with International Business reaching a median of $169,155) and occupational group play substantial roles in individual compensation.

Accessing the Full Data

The median income figures discussed here are drawn directly from Table 3 of the Bermuda Job Market Employment Briefs (October 2025).

Disclaimer: This article summarizes median gross annual income findings by age group from the official Bermuda Job Market Employment Briefs (October 2025), based on the 2024 Employment Survey. These are median figures and individual earnings vary based on numerous factors. Always consult the official publications on the Bermuda Government website for the most complete and up-to-date employment and income data.