E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
To live in the Bermudas, i.e. in some out-of-the-way place for cheapness. The shabby genteel hire a knocker in some West-end square, where letters may be left for them, but live in the Bermudas, or narrow passages north of the Strand, near Covent Garden.