One of the most popular vacation destinations to people is Bali, where they can settle down and own a villa or house. We’ve all made the decision to settle in Bali. Due to its rich beauty, wildlife, culture, and customs, the island of Bali is known for being a location that is frequently used as a local and international tourist destination. Maybe even some people will believe that Bali is an expensive place to live. The costs are rather high for those of you merely visiting Bali for vacation. But, if you choose to live in Bali or stay there by yourself for a long period of time, you will need to pay a cost that is reasonable in comparison to other cities.
If you’re one of you who are curious to try to live life in Bali, you should find information about how much the Provincial Minimum Wage (UMP) and City Minimum Wage (UMK) are in Bali so you can consider it for the future. The highest minimum wage is Rp 2,961,285 in Badung City, whereas the UMP in Bali is Rp 2,526,971. In light of this, you can compare Bali’s cost of living with that of Jakarta, Surabaya, Bandung, or other cities with higher minimum wages.
The following is the latest cost of living in Bali for 2023:
- Residence
If you choose to live in Bali forever or just temporarily stay there for work, study, or relaxation. Therefore, you have to find a place to live in Bali that fits your budget. There are numerous boarding houses and rooms for rent, all with different facilities and costs. The range starts from Rp. 600,000 – Rp. 8,000,000, it all depends on the location and equipment inside. Visit trips like Kuta, Canggu, and Seminyak to Sanur if you’re looking for something more affordable.
You must pay the standard rent of Rp. 900,000 to Rp. 1,500,000 per month to select a boarding room that is already furnished with facilities like mattresses, wardrobes, and even receiving air conditioning. However, if you have a family, it is better to rent a house or a villa, which can cost from Rp. 4,000,000 and Rp. 8,000,000 per month. You already have access to the facilities, which include a pool.
- Meal Costs
Wherever we are, the most important item certainly requires basic such as food. But choosing food in Bali must be adjusted to your budget. Bali offers relatively affordable food, starting from Rp. 5,000 – Rp. 25,000. But, if you want to eat something pricey, you can visit a restaurant or cafe. However, if you have a family it is better to save costs, it is advisable to cook. The costs incurred are Rp. 650,000 – Rp. 900,000 per month depending on needs.
- Transportation Costs
The public transportation in Bali is not friendly, which is a shame. If you come to this city without a car, you can rent a motorbike to get around. Motorbike rentals in Bali are quite affordable, starting from Rp. 600,000 – Rp. 1,500,000 per month. But if you want to save money, you can use Gojek or Grab to get around every day.
- Lifestyle
The cost of living in Bali isn’t too high, but sometimes the way people live around us is hard to deal with. If you live in Bali and only care about work, family, school, and other things, you have to be able to slow down the pace of life there. In general, Bali has become a tourist destination, so it would be good for you to be able to live on a budget. You might enjoy Bali’s beauty once in a while, but you have to watch your costs. For lifestyle costs usually Rp. 100,000-Rp. 500,000 only.
Is the cost of living in Bali expensive?
From the point of view of a financial planner, the cost of living in Bali is not expensive when compared to the UMP in the Capital City of Jakarta. The allocation assumptions and details about how much it costs to live in Bali were used to come to this conclusion.Â
As you’ve read, it sounds like the cost of living in Bali isn’t as high as you think, as long as you know how to handle your money well. When you move to Bali for the first time, you might find that you have to pay more. But if you live in Bali for a long time, you will get used to being a local citizen.
