Salary Guide: Median Income by Industry in Bermuda

Salary expectations are a critical factor when considering job opportunities or evaluating career paths. If you're looking at working in Bermuda, understanding the typical earnings across different sectors provides valuable context. The 2025 Bermuda Job Market Employment Briefs, published in October 2025 and reflecting data from the 2024 Employment Survey, offer precisely this insight through its analysis of median gross annual income.

The Bermuda Department of Statistics calculates the median gross annual income using data gathered through its comprehensive census of filled jobs. This median figure identifies the exact midpoint of the earnings distribution—50% of all job holders earn above this amount, and 50% earn below it. This income is reported as gross, meaning it represents total monetary compensation before any mandatory or voluntary deductions such as payroll tax or social insurance.

For 2024, the overall median gross annual income for all job holders in Bermuda was $71,151. This represents a 1.3% increase compared to the 2023 median of $70,238. While this overall figure provides a general benchmark, earnings vary significantly by industry sector.

Why Median Income Matters

Using the median, rather than the average (mean), provides a more representative picture of typical earnings. Averages can be easily skewed by a small number of very high incomes, whereas the median reflects the true middle point of the distribution. These figures represent the midpoint for all filled jobs within that industry, encompassing a wide range of roles, experience levels, and hours worked.

The Highest Earning Sectors in 2024

Several industries in Bermuda stand out for offering significantly higher median incomes than the overall benchmark. Based on the 2024 data:

1. International business activity: topping the list by a substantial margin, jobs within the international business sector reported a median gross annual income of $169,155. This is more than double (238%) the overall median income for all jobs in Bermuda. The sector saw its median income increase by 5.7% compared to 2023 ($160,065).
2. Financial and insurance activities: this sector continues to show high earnings potential with a median income of $106,751 (150% of the overall median). This represented a 3.1% increase from the 2023 median.
3. Professional, scientific and technical activities: encompassing fields like accounting, legal services, and consulting, this sector reported a median income of $99,929 (140% of the overall median).
4. Electricity, water supply and waste management: representing essential utilities, jobs in this sector had a median income of $91,954 (129% of the overall median). This figure rose by 4.8% from 2023.

These top-tier sectors clearly offer the highest potential earnings in Bermuda, significantly outpacing the island-wide median.

Industries with Mid-Range Earnings

Several sectors reported median incomes closer to, or slightly above, the overall Bermuda median of $71,151:

• Public administration: government roles reported a median income of $84,336 (119% of overall median).
• Education: jobs in the education sector had a median income of $81,876 (115% of overall median).
• Information and communication: this sector showed a median income of $79,835 (112% of overall median).
• Real estate activities: median earnings in real estate were $74,800 (105% of overall median).
• Human health and social work: this sector saw a median income of $72,618 (102% of overall median).

Industries with Lower Median Earnings

At the other end of the spectrum, several industries reported median incomes substantially lower than the overall figure. These often involve sectors with a higher proportion of entry-level positions or part-time work.

• Agriculture, forestry and fishing: this primary sector had the lowest median income reported at $39,828 (56% of overall median).
• Other service activities: this category, including personal care services, had a median income of $41,231 (58% of overall median).
• Activities of households as employers etc.: primarily domestic helpers, this category had a median income of $42,541 (60% of overall median).
• Administrative and support services: despite seeing high job growth, this sector reported a median income of $42,704 (60% of overall median).
• Accommodation and food service activities: one of the island's largest employers, this sector remained low-paying with a median income of $42,763 (60% of overall median).
• Wholesale and retail trade: this major sector had a median income of $53,833 (76% of overall median).
• Construction and quarrying: median earnings were $58,413 (82% of overall median).

Key Takeaways on Industry Income

• There is a vast disparity in median incomes across Bermuda, ranging from roughly $40,000 to over $169,000 annually.
• International business and finance sectors remain the primary drivers of high-income jobs on the island.
• Support services and hospitality continue to offer the lowest median wages, despite being critical to the local economy and job volume.
• Most industries saw an increase in median income between 2023 and 2024, though the growth rate (1.3%) was lower than in previous years.

For more information about which jobs are most in-demand, see In-Demand Jobs in Bermuda.

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 industry from the official Bermuda Job Market Employment Briefs (October 2025), based on the 2024 Employment Survey. These are median figures and do not represent guaranteed salaries. Individual earnings vary based on specific roles, experience, and qualifications. Always consult the official publications on the Bermuda Government website for the most complete and up-to-date information.