Bali has long been a favourite destination for expats, digital nomads, and tourists alike. Its breathtaking scenery, vibrant culture, and relatively low cost of living make it a top choice for those looking to live a tropical lifestyle. But how much does it really cost to live in Bali in 2024? Whether you're planning a short stay or looking to make the Island of the Gods your permanent home, this guide will give you a complete breakdown of living expenses.
Housing and Rent Costs in Bali
One of the biggest factors affecting the cost of living in Bali is accommodation. Housing prices can vary widely depending on the location, type of property, and whether you choose to rent or buy.
1. Renting Property in Bali
Renting property in Bali is a common choice for expats, and it's crucial to understand how costs fluctuate. Rent prices in 2024 continue to rise, especially in popular areas like Seminyak, Canggu, and Ubud, where expats and digital nomads frequently reside.
Average Cost of Renting a Villa:
One-bedroom villa: IDR 5,000,000 – IDR 12,000,000 per month (£260 – £630)
Two-bedroom villa: IDR 8,000,000 – IDR 20,000,000 per month (£420 – £1,050)
Three-bedroom villa: IDR 15,000,000 – IDR 35,000,000 per month (£780 – £1,830)
The rental prices are often negotiable, especially if you’re willing to sign a long-term contract. Keep in mind, rent is typically paid annually upfront, and prices can include maintenance, internet, and sometimes utilities.
Apartment Rentals: Apartments tend to be cheaper than villas, particularly in Denpasar or less touristy areas. Prices range from:
One-bedroom apartment: IDR 3,000,000 – IDR 7,000,000 per month (£160 – £365)
Two-bedroom apartment: IDR 5,000,000 – IDR 10,000,000 per month (£260 – £525)
2. Buying Property in Bali
For those looking to buy, the process is more complex as foreigners cannot technically own land. Instead, they can lease land for up to 25-30 years or establish a partnership with an Indonesian citizen. Prices for Bali property depend on location:
Land in central areas: Starts from IDR 700,000,000 (£36,500) for 100 square meters.
Luxury villas: Can cost upwards of IDR 10,000,000,000 (£525,000).
Utilities and Household Costs
When renting a property in Bali, utilities like electricity, water, and internet are usually not included, so it's important to factor these into your budget.
Electricity: IDR 1,000,000 – IDR 2,500,000 per month (£50 – £130), depending on air conditioning usage.
Water: Typically cheap, around IDR 100,000 – IDR 200,000 per month (£5 – £10).
Internet: High-speed fibre internet is available in most areas, costing around IDR 300,000 – IDR 700,000 per month (£16 – £36).
Also read: 5 Essential Steps to Buy Land in Bali as a Foreigner