Dreaming of retiring in Bali? Many people are attracted to the island’s picturesque landscapes, vibrant culture, and affordable living. But how much does it really cost to retire in Bali? Let’s break down the expenses and considerations you need to keep in mind.
Housing Expenses
Bali offers a wide range of housing options, from budget-friendly rentals to luxurious villas. The cost of housing largely depends on the location and amenities. Rent for a modest one-bedroom apartment in a central area can range from $300 to $600 per month, while a villa with a pool in a more upscale neighborhood could cost upwards of $1,500 per month.
Food and Groceries
Grocery prices in Bali are relatively low compared to Western countries. A weekly grocery bill for a couple could average around $50 to $100, depending on dietary preferences and lifestyle choices. Eating out at local warungs (small restaurants) is even more economical, with meals costing as little as $2 to $5.
Transportation Costs
Getting around Bali is affordable, especially if you opt for local transportation options like motorbikes or public buses. Renting a scooter can cost around $50 to $100 per month, while fuel expenses are minimal. Taxis and ride-hailing services are also available, although prices may vary depending on the distance traveled.
Also read: How Much Does It Cost to Live in Bali?
Healthcare
How Much to Retire in Bali?Healthcare in Bali is of varying quality, so many retirees choose to invest in international health insurance for access to private hospitals and clinics. The cost of medical insurance can range from $50 to $200 per month, depending on coverage options and pre-existing conditions.
Consultation fees with local doctors are relatively affordable, typically ranging from $20 to $50 per visit. However, specialized medical treatments or procedures may incur higher expenses.
Prescription medications are generally cheaper in Bali compared to Western countries. Basic medications for common ailments can cost as little as a few dollars, while more specialized drugs may be slightly more expensive.
Dining Out
Bali is renowned for its diverse culinary scene, offering everything from local street food to international cuisine. Dining out at mid-range restaurants can cost around $10 to $20 per person, while fine dining establishments may charge upwards of $50 per meal.
Recreational Activities
From surfing and yoga to hiking and sightseeing, Bali offers plenty of recreational activities to enjoy. Costs vary depending on the activity, with options available for every budget.
Cultural Experiences
Immerse yourself in Bali’s rich culture by attending traditional dance performances, visiting ancient temples, or participating in Balinese ceremonies. Many cultural experiences are either free or require a nominal donation.
Retiring in Bali offers a unique opportunity to embrace a laid-back lifestyle, surrounded by natural beauty and cultural richness. By carefully considering the cost of living, healthcare expenses, visa requirements, and other factors, you can plan for a fulfilling retirement experience in this tropical paradise.
However, before you actually move to Bali, make sure you have the necessary visa. Bali Visa regulations can change, so consult with a qualified immigration professional for the latest information and guidance on obtaining the most suitable visa for your situation. To assist with the retirement visa registration process, you can rely on InvestinAsia’s Indonesian visa services. Our experienced professional team in immigration matters will guide you through the entire registration process.
