January has been a busy month for us here at BaliManual, as we’re ramping up to provide you with much more information in 2019. We’re proud to kick it off with the BaliManual "2019 Living in Bali Price Guide.”
After visiting grocery stores, traditional markets, beverage distributors and more, our new price guide will help you budget your life in Bali and see just how affordable Bali remains for most of us.
In a nutshell:
It feels like prices rise more frequently and noticeably in Bali than other places, specifically around significant religious holidays and especially after the New Year. Below are some of the most noticeable price hikes for 2019...
- Housing - yearly and monthly rentals continue to increase substantially, mainly due to new so-called ‘expats’ substantially overpaying. This results in higher price expectations by other property owners. We [facepalm] when seeing these inflated prices posted online. Don’t forget, our consultation service is always available to advise you on how to get a deal!
- Commodities, such as olive oil, have increased as much as 30%, while others have only fluctuated slightly, some even going down in price
- Labor costs have gone up as expected, with minimum wages in Bali approaching 3 million rupiah per month, versus just over 2 million some years ago
- Bali is now home to hundreds, possibly thousands of hip and trendy cafes and restaurants. The use of superfoods, organic this and free-trade that and sustainably sourced bee pollen and agave nectar will really dent your stack of rups
Alright, so even though prices in rupiah have gone up, that doesn’t necessarily mean that your cost of living has also gone up…
The US dollar has seemingly plateaued at a very nice position at the time of writing this article, after having exceeded 15,000 rupiah on the dollar at one point during 2018. The Australian dollar has caught up a little bit, and for most Australians Bali is still a cheap place to live when compared to back home.
Currently, 1 USD gets you 14,000 IDR and 1 AUD = 10,000 IDR
So again, for people earning and spending US dollars, life if good!
Property & Accomodation
Property price has gone up more than anything else on the island. The increase of long-term tourists and expat wannabes staying in overpriced places has driven up the price for almost all monthly and yearly accommodations. I rent my simple 2 bedroom house for 45 million per year (a multi-year contract), yet one of the owners of an identical house in my neighborhood was trying to get 110 million per year. Gila! After remaining empty for some months, he has now put it up for sale, likely still at a price way over market value.
Some expat friends of mine still live in a decent kos for 1.6 million a month, and some local friends can still find a very basic kos for between 400-700k per month. Hotel prices and other daily rentals remain competitive due to the fierce competition and oversupply of rooms.
Western meals continue to rise in cost, as does the quality and diversity of cuisine. Pasta is something I don’t generally buy in restaurants, as I can cook at it home. I try to buy meals that are a little more difficult to cook and source small amounts of ingredients for. More gourmet and specialty ingredients have become available to chef’s, which is certainly a good thing for foody’s. For those on a budget, you can still find solid western food for good prices.
Soft drinks and bottled water are generally overpriced. Many places are starting to provide free drinking water upon request, which is a great step not only for our wallets, but for the environment.
Alcohol & beer
The selection of beer and alcohol continues to grow and the prices have basically stayed the same, with some kinds of alcohol actually getting cheaper.
Just like previous years, we recommend buying your booze from a beverage distributor for the best prices. Home delivery options are very easy to come by!
Cost of living in Bali: 2019 Price Guide
The prices on this list were obtained at the end of January, 2019. Please note that prices in Bali (specifically at the pasar) are known to fluctuate depending on supply, demand and seasonal availability. More items have been added to the list, but if you don’t see something that you’re really curious about, please leave it in the comments section and we’ll do our best to get it added to the list as soon as possible.
Check out the price guide below for detailed prices.
**Note that the prices in USD, AUD and EUR are current on the day you read this. (The sheet updates all exchange rates in almost real time.)**