I was asked many times over, to update the Cost of Living spreadsheet on this page. Time is definitely ripe for an update, as prices in Bali soared over the last 3 years.
The economic crisis, a weakening Euro and an Indonesian Inflation (unofficially in the double digits) did all their part as well to change Bali from a backpacker’s paradise into a full-blown ‘Tourist Dollar Money Making Machine’.
Tourist numbers rose already to pre-crisis levels in Bali and are still climbing steadily. While most prices also went clearly up, there are still a handful of exceptions.
Read on, to find out where there are still some good bargains to be had:
Please be aware that those are all local average prices – like everywhere else, you can spend a whole fortune here in a short time; if you don’t calculate, pay attention to your spending or where your money goes. This spreadsheet is simply meant to give you some basic ideas of how the overall Costs of Living are in Bali.
Your mileage will obviously vary depending on many factors, like your disposable income, standard of living, area of residence, length of stay and your ability to haggle and negotiate better prices.
Also most prices for consumables are a mirror of the Kuta area, where the best value of money still can be had for budget travelers.
Property, rental and housing prices soared within the last 3 years and that reflects truly in the spreadsheet.
To compare better, I used a color scheme this time, red stands for prices that increased, green for prices that are lower than during the last update and black for stable prices.
This is the new spreadsheet or chart of Cost of Living expenses in Bali:
Credits: My friend and neighbor Jurgen Morhofer helped this time to look over the prices and edit the spreadsheet for accuracy.
If you want to compare prices with the old spreadsheet, last updated in December 2008, you can find that one here.
Please keep in mind that prices go up all the time. The official inflation rate in Indonesia is currently 5.5% for 2010, in 2009 it was still above 9%. I would rate that inflation rate for goods and services in Bali much higher in reality.
Good for you – if you earn your money in a country with less inflation and your base currency is stable or appreciating, you still save more or spend less over a year – even with rising prices in Rupiah.
Unfortunately currency appreciation wasn’t the case for most leading currencies (especially the Euro, but also USD, Yen – maybe with the exception of the AUD) in 2008-2009.Still, things will look brighter as the world economies keep improving.
Costs in Bali are generally higher than in most other parts of Indonesia, with the exception of Jakarta. Some items here, like internet – even though they came down price-wise recently – are surely still way more expensive than in other parts of Asia or the old World.
Also the bandwidth and quality of service is nowhere near as good as in developed countries. But you didn’t expect that anyway, did you?
It’s still sufficient for daily internet needs, like browsing, chatting, updating your Facebook Status or even uploading your holiday pictures over the course of 1 night. If you run a business here, you will probably anyway go with one of the dedicated service providers and would give the mass internet via 3G SIM cards or internet cafes a miss.
Would you like to see additional items or expenses in this list?
Please let me know via the Comment Form and I will update the spreadsheet accordingly.
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