How much does it cost to live in Bali for a year?

The Cost of Living in Bali for a Year: A Comprehensive Breakdown

Relocating to Bali for an extended period of time can be an alluring prospect, offering a unique blend of affordability, exotic culture, and stunning natural beauty. While the island paradise is known for its relatively low cost of living, it’s crucial to have a realistic understanding of the expenses involved before making the move. Here’s a detailed breakdown of the potential costs to consider for a year-long stay in Bali:

Visa Expenses:

• Single-Entry Visa on Arrival (30 days): $50
• Visa Extensions (30 days each): $50 per month

Assuming monthly visa extensions, the annual visa cost would be around $500-$550.

Health Insurance:

• Annual Health Insurance: $700-$1,500

The cost of health insurance can vary depending on factors such as age, health conditions, and the level of coverage desired.

Accommodation:

• Modest Homestay: $3,600-$7,200 per year
• Shared Villa: $6,000-$12,000 per year
• Private Villa: $12,000-$96,000 per year

The wide range of accommodation options available in Bali caters to different budgets and lifestyles. Prices can fluctuate based on location, amenities, and seasonality.

Education:

• International Schooling (per child): $8,000-$15,000 per year

If you plan to bring children and enroll them in international schools, be prepared to allocate a significant portion of your budget for education.

Additional Expenses:

In addition to the major expenses outlined above, there are a variety of other costs to consider:

• Utilities (electricity, water, gas): $100-$300 per month
• Groceries: $200-$500 per month
• Transportation (renting a scooter or motorbike): $50-$150 per month
• Entertainment and dining out: $200-$500 per month
• Miscellaneous (clothing, personal care, etc.): $100-$200 per month

Based on these estimates, the annual cost of living in Bali can range from a budget-friendly $18,000-$24,000 for single individuals or couples living modestly, to a more luxurious $36,000-$120,000 for families with higher expenses.

It’s important to note that these costs can vary depending on lifestyle choices, spending habits, and the location within Bali. For example, living in the popular tourist destinations of Seminyak or Canggu will typically come at a higher cost than in less developed areas.

Before relocating to Bali for a year, it’s crucial to thoroughly research the cost of living and create a realistic budget that aligns with your financial means. By planning ahead and being mindful of your expenses, you can fully immerse yourself in the vibrant and affordable lifestyle that Bali has to offer.

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