Cost of Living in Bali in 2023 : A Detailed Breakdown
If you're considering a move or extended stay in Bali, one important factor is the cost of living in Bali.
Bali is a popular destination for its beautiful scenery and unique culture, but it's also known for being affordable compared to many Western countries.
While costs can vary depending on location and lifestyle, the average monthly cost of living in Bali for a single person ranges from $500-$1,000 USD.
This includes expenses such as accommodation, food, transportation, and other basic necessities.
However, it's important to note that the cost of living in Bali can fluctuate depending on factors such as accommodation preferences, entertainment choices, and the location within Bali where you choose to reside in.
In this article, we'll dive deeper into the cost of living in Bali and offer insights on how to live within your means without sacrificing the wonderful experiences Bali has to offer.
AVERAGE COST OF LIVING IN BALI
When it comes to living expenses in Bali, costs can vary depending on several factors, including location, lifestyle, and personal preferences.
Here's a breakdown of the average cost of living in Bali:
- Accommodation: Bali offers a wide range of accommodation options, from budget guesthouses to luxurious villas, apartments, and resorts. Prices can vary greatly depending on the location, amenities, and level of luxury. Renting a house or apartment long-term can be a more affordable option.
- Food: Bali is known for its delicious and affordable local cuisine, with meals at small warungs starting at around $1-2 USD. Eating at Western-style restaurants and cafes can be more expensive.
- Transportation: Bali offers various transportation options, including ride-hail apps, car rentals, and hiring a driver with a car. Prices can vary depending on the mode of transportation, distance, time of day, and bargaining skills. Motorbike rentals will cost approximately $50-$70 USD per month with a full tank of fuel costing around $3 USD.
- Medical care: The cost of medical care in Bali can vary depending on the type of treatment required and the level of care needed. Basic doctor visits can be cheap, while more specialized treatments or hospital stays are more expensive. It's important to have adequate health insurance coverage when living in Bali to ensure access to quality healthcare.
- Utilities: Other expenses like utilities such as electricity and water typically cost around $50-200 USD per month.
- Internet: The cost of internet can range from $20-50 USD per month depending on the speed and plan.
- Entertainment: Movie theatres and tourist attractions can range from $2-20 USD per activity. Gym memberships start at around $35 USD per month.
When it comes to Bali visas, several options are available based on the purpose and duration of your stay. For short stays of up to 30 or 60 days, many nationalities can enter Bali with a visa on arrival that can be obtained at the airport.
The visa on arrival can be extended once for an additional 30 days, but for stays longer than 60 days, a social-cultural (B211) or work visa is required.
The most common option is the KITAS visa, which is a resident visa for tax-paying individuals in Indonesia. The KITAS visa is only available to those who are investing in a business based in Bali, have their own business, are over 55 and retiring in Bali, have an Indonesian spouse, or are employed by an Indonesian company.
If you cannot obtain a KITAS, the alternative is a B211 visa or E-visa for business or tourism purposes.
Researching and obtaining the right visa based on your visit's duration and purpose is crucial to avoid issues during your stay.
Bali is known for its wide range of accommodation options, catering to all kinds of budgets and preferences.
The island has everything from budget hostels and guesthouses to luxurious villas, apartments and resorts, so it’s easy to find something that suits your lifestyle.
Nevertheless, when it comes to long-term accommodation, renting a house or apartment can be a more cost-effective option. The prices for long-term rentals in Bali typically range from $300 per month for a simple homestay - $1000 USD per month for a 2 / 3 bedroom villa, depending on the location, size, and amenities of the property.
If you're looking at buying property in Bali, it's essential to work with a reputable real estate agent who can guide you through the process. There are many agents available, but it's important to do your research and choose one that has a good reputation and a deep understanding of the local market.
Bali's real estate market can be complex, and it's important to ensure that all legal requirements are met to avoid any issues down the line.
Regardless of whether you choose to rent or buy, Bali offers an incredible range of living options. So, take your time, do your research, and work with our team of trusted real estate agents to find the perfect accommodation in Bali for you.
Bali has a variety of transportation options, making it easy to get around the island. Taxis, motorbikes, and car rentals are some of the popular choices. Prices vary depending on several factors, such as distance, time of day, and bargaining skills.
Motorbike rentals are the most cost-effective option, with prices ranging from $50 - $70 USD per month, while hiring a driver with a car can cost around $450 USD per month.
Taxis can be convenient but negotiating prices in advance is recommended to avoid any surprises. If you plan to drive a car, keep in mind that traffic can be chaotic, and roads can be in poor condition in some areas.
Another transportation option in Bali is ride-sharing apps such as Gojek and Grab. These apps offer reliable and affordable transportation services, including motorbike and car rides, food delivery, and other services.
They also provide upfront pricing, so you know what you'll be paying before the ride starts. Ride-hail apps start from $1 per ride to $10 for an hour.
When it comes to transportation, it's important to consider your budget and needs. Choosing the right transportation option can help you save money and make your stay in Bali more comfortable.
Bali is a paradise for food lovers with a diverse range of options for every budget and taste. Local warungs or small family-owned eateries offer an affordable and authentic taste of Balinese cuisine, with prices starting as low as $1-2 USD for a meal.
These warungs are the perfect places to try out traditional dishes such as Nasi Goreng or Mie Goreng.
For those seeking a more upscale dining experience, there are plenty of Western-style restaurants and cafes offering a variety of cuisines, from Italian to Japanese, with prices ranging from $5-10 USD on average for a meal.
Cooking at home is also an option for those looking to save money, with groceries typically costing around $100-300 USD per month. Local markets and supermarkets offer a wide variety of fresh produce, meat, and seafood.
Bali is also home to many cooking classes, where you can learn to cook traditional Balinese dishes and take home some new recipes to try out.
If you're a foodie, Bali is the place to be, with numerous food festivals and events throughout the year. The Bali Vegan Festival and the Ubud Food Festival are just a couple of popular food events held annually.
Bali offers a range of educational options for families and students of all ages. There are international, as well as local schools that offer English-language instruction.
Tuition fees can vary widely depending on the level of education, location, and curriculum. On average, international schools in Bali can cost up to $10,000 per year, while local schools may have lower fees.
It's important to research and visit schools in advance to find the best fit for your family and ensure that the school meets your educational and cultural expectations. Some international schools may offer extracurricular activities and programs that cater to a specific interest or talent, such as music or sports.
For those looking for higher education options, Bali also has several universities and colleges, including Udayana University and the Bali Institute of Tourism.
These institutions offer a variety of degree programs and courses, ranging from business and engineering to arts and hospitality.
Overall, Bali offers a diverse range of educational options, making it an attractive destination for families and students seeking international education and cultural experiences.
Bali offers a range of medical facilities, from private hospitals to clinics and medical centres, with generally good standards of care. Nonetheless, the quality of treatment can vary greatly depending on the facility and location.
Private healthcare facilities are often preferred by expats and tourists due to comprehensive coverage and higher-quality care.
To ensure that unexpected medical expenses are covered, it's important to have health insurance when in Bali, as medical costs can be quite high.
Having health insurance can provide peace of mind when travelling or moving to Bali, especially when considering that the cost of health insurance can be as low as $700 USD per person per year.
It's important to note that health insurance may not cover all medical procedures, so it's crucial to read the policy thoroughly and understand what is and isn't covered.
Researching hospitals and clinics and having a plan in place for medical emergencies is highly recommended when choosing where to base yourself in Bali.
ENTERTAINMENT & SPORT
Bali is a popular destination for outdoor enthusiasts, with a range of activities to suit everyone's preferences.
The island is famous for its stunning natural scenery and offers various outdoor recreation options, such as world-class surfing, challenging volcano hikes, and leisurely nature walks.
Yoga enthusiasts can also enjoy numerous studios and retreats that offer classes and workshops suitable for all levels. Additionally, visitors can take part in snorkelling and diving or relax at one of the many wellness centres that offer spa treatments and massage therapies.
Bali is also an excellent destination for sports lovers, with a variety of facilities available, including golf courses, gyms, and sports leagues. Tourist areas like Seminyak, Canggu, Uluwatu, and Ubud are popular for these activities.
Enjoy a range of entertainment options, including modern cinemas showing the latest blockbuster movies or head to a beach club and find delicious food, drinks, and live music performances.
Furthermore, Bali offers an exceptional shopping experience with its variety of boutiques, markets, and shopping malls, presenting everything from traditional handicrafts to high-end fashion brands.
Experience the island's vibrant cultural heritage by attending traditional dances and music performances during various festivals and events.
As a foreigner living and working in Bali, you may be subject to taxes in both your home country and in Indonesia.
It's essential to research the tax laws and requirements in advance and to consider consulting with a tax professional to ensure that you're in compliance.
In general, income earned in Bali is subject to Indonesian income tax, while income earned outside of Indonesia may be subject to taxes in your home country.
If you're a digital nomad or freelancer, you may be subject to additional taxes and regulations, so it's crucial to do your research and stay up-to-date on any changes to tax laws and regulations.
If you're planning to invest in Bali, it's also important to consider the tax implications of your investment. Property taxes and capital gains taxes may apply, so it's important to work with a reputable tax professional to ensure that you're complying with all local tax laws and regulations.
Is it expensive to live in Bali?
Bali can be a very affordable place to live, depending on your lifestyle choices. Overall, the cost of living in Bali is generally lower than in many Western countries.
How much does it cost to live comfortably in Bali?
The cost of living in Bali can vary widely depending on your lifestyle, but a comfortable living can be achieved for around $1500 - $2000 per month, including accommodation, food, and transportation.
Where’s the cheapest place to live in Bali?
When deciding on where to live in Bali, the cheapest places are usually outside of the tourist areas, such as Ubud or Seminyak. Some of the less touristy towns and villages in the North or East of the island can also offer lower living costs.
Can you live on $1000 a month in Bali?
Yes, it's possible to live on $1000 a month in Bali, but it depends on your lifestyle choices. You'll need to budget carefully and avoid expensive areas and activities.
How much does it cost to live in Bali per month?
The cost of living in Bali per month can vary widely depending on your lifestyle choices. A simple, budget-friendly lifestyle can be achieved for around $1000 a month, while a more comfortable living can cost around $1500 - $2000 per month.
Is it expensive to buy a house in Bali?
The cost of buying a house in Bali depends on the location and the type of property you are looking for. Generally, buying a house in Bali is more affordable than in many Western countries, but prices can vary greatly.
How much does food cost in Bali?
The cost of food in Bali can vary depending on where you eat and what type of food you prefer. Local warungs (small cafes) can offer cheap and tasty food for around $1-2 per meal, while restaurants in tourist areas can cost $5-10 per meal.
In conclusion, Bali can be an affordable place to live for those who are willing to adjust to the local way of life.
The cost of living in Bali varies depending on factors such as accommodation, transportation, food, education, medical care, and entertainment.
Overall, Bali offers a diverse range of living options and activities that cater to different lifestyles and budgets. With proper planning and budgeting, one can enjoy a comfortable life in Bali without breaking the bank.
If you are considering living in Bali, we recommend doing thorough research, seeking the assistance of a real estate agent, and speaking with locals to get a better understanding of the costs and lifestyle.
If you're interested in finding out more about living in Bali, contact us to speak to one of our expert agents who can help you find the perfect accommodation within your budget.