What is the Cost of Living in Bali?

Hey there travellers and welcome to my post where we will try to answer a key question for many of us as we lounge by the pool sipping on our Bintangs, cocktails or mocktails – what is the cost of living in Bali? Bali has become a popular destination for expatriates seeking a slice of paradise with many deciding to take the plunge and find a way to reside on this fabulous island paradise.

However as with anywhere you wish to live, there are some costs involved that – whilst a little cheaper here than other places – are still something to be considered. So, if you’re considering a move to Bali, hopefully we can give you a good idea of the estimated costs of living there.

The Cost of Living In Bali

As above, let’s now have a look into the cost aspects of Bali living costs below. Of course, please keep in mind that the costs outlined here are an estimate only and as always, you should do your own due diligence before you sell up and get on that plane…

Check out my: Outline of the processes to live in Bali here

Accommodation

So it probably goes without saying that when you move to Bali you are going to need somewhere to live. And when it comes to accommodation in Bali, there are options to suit every budget and lifestyle. Let’s explore the different areas of Bali and their associated costs, along with tips for finding the right accommodation that fits your needs and budget.

Popular Areas and Pricing

Bali offers a range of popular areas where expats often choose to live. Each area has its own unique characteristics and price ranges for accommodation. Here are some examples:

• Seminyak: Known for its trendy vibe, upscale restaurants and vibrant nightlife, Seminyak is a sought-after area for expats. Rental prices for a one-bedroom furnished apartment in Seminyak can range from $800 to $1,200 per month.
• Canggu: This coastal area has gained popularity among digital nomads and surf enthusiasts. It offers a more relaxed atmosphere compared to Seminyak and rental prices for a one-bedroom apartment in Canggu can range from $600 to $900 per month.
• Ubud: Located in the lush interior of Bali, Ubud is known for its serene surroundings, yoga studios and art scene. Rental prices for a one-bedroom apartment in Ubud can range from $400 to $700 per month.
• Uluwatu: Famous for its stunning cliffs and world-class surf breaks, Uluwatu attracts those seeking a laid-back coastal lifestyle. Rental prices for a one-bedroom apartment in Uluwatu can range from $500 to $800 per month.

Types of Accommodation

In Bali, you’ll find a variety of accommodation options to suit different budgets and preferences. Here are some common types:

• Apartments: One-bedroom apartments are popular among expats and digital nomads. They usually come furnished or semi-furnished and rental prices can range from $300 to $1,500 per month depending on the location, amenities and level of luxury.
• Villas: Bali is famous for its luxurious private villas with swimming pools and tropical gardens. These villas vary in size, amenities and locations with rental prices ranging from $1,500 to $5,000 per month or more, depending on the level of luxury and exclusivity.
• Shared Accommodation: Renting a room in a shared house or villa is a cost-effective option for those on a tight budget or looking for a sense of community. Prices for shared accommodation can range from $200 to $600 per month, depending on the location and facilities.

Finding Affordable Accommodation

To find affordable accommodation in Bali, consider the following tips:

• Local Connections: Network with locals, expat communities and online forums to find leads on affordable rentals. Locals often have knowledge of hidden gems or properties not listed online.
• Online Platforms: Utilize popular online platforms such as Airbnb, Booking.com and Facebook groups dedicated to Bali rentals. These platforms often have a wide range of options for different budgets.
• Long-Term Rentals: Consider signing a long-term lease (usually six months to one year) to secure a more affordable rental rate. Landlords are often open to negotiating lower prices for longer-term commitments.
• Local Real Estate Agents: Engage the services of a local real estate agent who can help you find suitable accommodation within your budget. They have knowledge of the local rental market and can guide you through the process.

Remember also to factor in additional Bali cost of living requirements such as security deposits, utility bills and any agent fees when planning your accommodation budget as well.

Food and Dining

Bali is a culinary paradise with a wide array of dining options catering to all tastes and budgets. Eating out at local warungs (small restaurants) can cost as little as $3 to $5 per meal, offering delicious and affordable Indonesian dishes like Nasi Goreng or Mie Goreng.

For those who prefer mid-range restaurants, a meal can cost around $10 to $20 per person depending on the location and type of cuisine. If you’re on a tight budget or enjoy cooking at home, grocery shopping is relatively affordable and budgeting around $200 to $300 per month for groceries should be sufficient for a balanced diet, including fresh fruits, vegetables and local produce.

Transportation

Bali is not really the place to walk in, however getting around is relatively easy and affordable. Renting a scooter is a popular option among expats and can cost around $50 to $100 per month, depending on the duration and type of scooter. It’s important to note that you’ll also need an international driving license or a local driving license to legally ride a scooter in Bali.

Alternatively, if you prefer not to drive yourself, hiring a car with a driver is a convenient and comfortable option. Costs for hiring a car with a driver can range from $500 to $700 per month, depending on the duration and type of vehicle. Taxis and ride-hailing services like Gojek and Grab are also available and offer affordable transportation. Short rides within the same town or nearby areas typically cost between 0.50c to $2.

Check out these: Tips for Hiring a Driver In Bali

Utilities and Services

In Bali, the cost of utilities and services can vary based on factors such as the size of your accommodation, personal usage and location. Let’s delve into the different aspects of utilities and services and provide estimates to help you plan your budget effectively.

Electricity

Electricity in Bali is typically charged based on usage. The average monthly cost for electricity can range from $30 to $100 depending on the size of your accommodation and the usage of air conditioning, fans and other electrical appliances. It’s important to note that some accommodations include electricity costs in the rent, while others require separate payments.

Water

Water costs in Bali are relatively low and monthly expenses for water usage can range from $5 to $20 depending on the size of your accommodation and water consumption habits. Many accommodations include water costs in the rent, but it’s essential to clarify this with the landlord or property manager beforehand.

Internet and Mobile Phone

Bali has a reliable and widespread internet infrastructure where the cost of internet services can range from $20 to $50 per month, depending on the speed and provider you choose. It’s advisable to research and compare different internet service providers to find the one that offers a suitable package for your needs.

Mobile phone plans are also widely available in Bali with several providers offering various packages. Prepaid plans are popular among expats and can cost approximately $5 to $15 per month, depending on the data and call minutes included.

Healthcare

Bali offers both public and private healthcare facilities. The cost of healthcare services can vary depending on factors such as the type of treatment, medical facility and whether you have health insurance. It’s highly recommended to have comprehensive health insurance that covers medical expenses in Bali before you leave home.

The cost of health insurance depends on several factors, including your age, coverage limits and pre-existing conditions. A comprehensive health insurance plan can range from $50 to $200 per month. It’s crucial to review the coverage and exclusions of the insurance policy carefully to ensure it meets your specific needs.

Household Help

Many expats in Bali employ household help such as housekeepers, gardeners or drivers. The cost of hiring household help can vary based on factors like the number of hours worked, responsibilities and experience. On average, hiring a full-time housekeeper can cost around $200 to $300 per month. However, part-time or hourly rates may be more common, with prices ranging from $2 to $5 per hour.

It’s important to follow local labor laws and provide fair compensation to household help. Additionally, it’s customary to provide a monthly bonus or “thirteenth-month” payment during religious holidays such as Galungan or Nyepi.

Entertainment and Recreation

Bali offers a wealth of recreational activities and entertainment options for expats. If you’re into fitness and wellness, yoga classes are popular and can cost around $10 to $20 per session. Bali is also renowned for its surfing spots and taking surfing lessons can range from $20 to $50 per lesson, depending on the duration and instructor.

Exploring cultural attractions and visiting temples often involves nominal entrance fees ranging from $1 to $5. Enjoying the island’s natural beauty is often free, with beaches and hiking trails accessible at no cost. Keep in mind that participating in certain activities, such as diving or visiting popular tourist attractions like water parks or wildlife sanctuaries may involve higher costs.

Check out my: 10 Free Things to do in Bali

Miscellaneous Expenses

And finally, as an expat, Bali living expenses go beyond the basic necessities so it’s important to consider miscellaneous expenses when planning your budget. Here are a few key items to consider:

1. Visas and Work Permits: Depending on your nationality and the type of visa you require, costs can range from $100 to $500. Work permits, if necessary, may involve additional expenses.
2. Education: If you have children and are considering international schools in Bali, it’s important to factor in the costs. Tuition fees can vary significantly, but for international schools, you can expect to pay anywhere from $5,000 to $15,000 per year per child.
3. Pet Care: If you’re bringing a pet to Bali or adopting one locally, pet care expenses should be considered. Annual vaccinations and routine check-ups can amount to approximately $100 to $300, depending on the type and size of the pet.

Again, keep in mind that these costs are estimates and can vary based on personal preferences, lifestyle choices and the specific location within Bali. With careful planning and a realistic budget, you can enjoy the magic of Bali while maintaining financial stability and peace of mind.

Taxes

And just to finish up, just because you are living in Bali, it does not mean the tax man is not looking for his cut! Your tax obligations will vary depending on your residency status, income sources and the tax laws of your home country. Here are a few important points to consider:

• Tax Residency: Determine your tax residency status as it will impact your tax obligations. Generally, if you reside in Bali for more than 183 days in a year, you may be considered a tax resident and subject to Indonesian tax laws.
• Income Tax: Understand the rules and rates for income tax in both Bali and your home country. You may be subject to income tax on earnings derived from Bali, including employment income, business profits, rental income or capital gains.
• Double Taxation Agreements: Check if your home country has a double taxation agreement with Indonesia. These agreements aim to prevent double taxation by specifying rules for taxing certain types of income. Familiarize yourself with the provisions of the agreement to determine how it affects your tax liability.
• Consultation with Tax Professionals: To navigate the complexities of international taxation, it’s advisable to consult with tax professionals who are well-versed in the tax laws of both Bali and your home country. They can provide guidance specific to your circumstances and help ensure compliance with relevant tax regulations.

Conclusion

So there it is, my estimates of just how much it will cost you to live in Bali. I hope it has been helpful and as usual,  let me know of your experiences here.

Also, please do not hesitate to comment below if you have any questions, concerns, or corrections or would like me to check anything else out for you.

Until next time.

Have fun

Paul