If you’ve been dreaming of immersing yourself in Bali’s culture for a full year, the cost may surprise you—it all depends on how much of an adventure-seeker or luxury traveler you are. Whether it’s renting a beachfront villa or roughing it through working holiday jobs, there will always be something to suit your budget!
Monthly cost of living in Bali
For a basic standard of living, you’ll need to budget around $1,500-$2,000 USD per month. This amount should cover basic necessities like rent, food, transportation, and utilities. If you’re looking for a more luxurious lifestyle, you’ll need to budget much more.
How much is rent in Bali per month?
Living in Bali can be an affordable experience, with monthly rent ranging from just $400 up to a maximum of $2,000. Eating out at local restaurants is especially wallet-friendly – you’ll get your fill for only three to five USD! Plus, taking taxis won’t break the bank either – rides cost less than ten bucks on average.
Cost of living in Bali for 1 year
Overall, living in Bali for a year could cost anywhere from $18,000-$24,000 USD. This amount will vary depending on your lifestyle and how much you’re willing to spend. If you’re looking to save money, you could opt to stay in a homestay or a hostel, and buy your food from local markets. This way, you’ll be able to enjoy the beauty of Bali without breaking the bank.
Can foreigners live in Bali?
The answer is yes. Bali is rapidly becoming one of the most popular living destinations for expats around the world, and if you want to join them there are a few steps you need to take. The Social Cultural Visa grants foreigners permission to stay in Bali up to six months at a time over a period of twelve months, but be aware that some financial independence will likely have to be demonstrated before approval can be granted.
In addition to the Social Cultural Visa, foreigners can also apply for a Retirement Visa. This visa is available to those aged 55 or older who can prove that they have a minimum monthly income of $2,000 USD and a total savings of at least $50,000 USD. This visa is valid for 5 years and can be renewed.
Foreigners who choose to live in Bali will also need to register with the local government, pay taxes, and obtain a local driver’s license. It is also important to note that foreigners are not allowed to own land in Bali, but they can rent or lease property.
Is moving to Bali a good idea?
Ready for a fresh start? Then why not try venturing to the Indonesian paradise of Bali! From its lush rainforests and smouldering volcanoes, to its white-sand beaches and vibrant culture–there’s an array of wonders that await.
But be sure you plan ahead; budgeting for living expenses such as accommodation will allow your transition into this unique environment stress free. So what are you waiting for? A new journey awaits!
Additionally, there are many unique opportunities to immerse yourself in the local culture and take part in activities that you wouldn’t find anywhere else.
Whether it’s taking a cooking class, visiting a local temple, or learning about the local customs and traditions, Bali has something for everyone. With a little preparation and research, you can make your move to Bali an exciting and rewarding experience.
Originally posted 2022-11-29 12:03:23.