I teach in Bermuda as well, 8 year now! Pay is good taking home 6K a month but cost of living is very high. Rent: I have a 1 bed apartment with balcony over the sea 2.1K you can get cheaper but not much. Utilities 300 month. Groceries: everythings imported so its pricey. I agree with Neptune on prices.

Theres a good expat social life though, beer $7, 3 course dinner for two with wine at least $100. I have friends who are careful and they save each month (probaly a grand, 1K) but its easy to go out a lot and blow all that in bars (or is that just me! :D ). Small island though so you have your local bars and you see the same people a lot.

It is amazing here though, empty pink sandy beaches, amazing sunsets, low crime rate so balance quality of life with cost of living.

Hope that helps