Is it cheap to live in Bali? A Guide for Australians-Retire in bali

More than 10,000 Australians are estimated to live in Bali all year, or for a substantial part of it. While many consider themselves to be permanent residents, they in fact have very little legal basis for this claim.

Is it cheap to live in bali as compare to other island?

Why is Bali so Cheap? Even with its popularity, Bali remains a very affordable place to visit. But if you’re wondering why it’s so cheap, you’ve landed on the right page.

Accommodation costs a fraction of what you’d pay elsewhere, thanks to low labour, construction, and land costs. Local food like nasi goreng and mie goreng is just a couple dollars at warungs. Things like surf lessons, yoga, and cultural workshops average $5-30. Scooter rentals are around $5 per day.

Another factor contributing to why Bali is so cheap is the exchange rate. Bali uses the Indonesian rupiah, which is a much weaker currency compared to Western currencies. You will get around 20,000 rupiahs (IDR) to £1 GBP and approximately 16,000 IDR to $1 USD.

Read More Related[How much does it really cost to live in Bali?]

Can Australians live in Bali permanently?

Yes, Australians can Move to bali long-term, but not permanently without proper visas. Indonesia does not offer permanent residency to foreigners in the same way countries like Australia do.

However, Australians can stay in Bali long-term using special visas. One popular option is the Retirement Visa, available to those aged 55 and older, which allows them to live in Bali for up to five years with annual renewals. Other options include long-stay visas like the Second Home Visa.

Read Related [Guide to Australians Buying Property in Bali]

How much does a car cost in bali?

Renting a car offers greater comfort, safety, and the ability to carry more luggage, making it ideal for families or groups. Cars are better suited for long-distance travel across the island, especially if you plan to visit multiple regions or travel with children.

In Bali, car prices vary based on type and condition. Hiring a car with a driver typically costs between Rp 550,000 and Rp 1,500,000 per day . These options provide flexibility for exploring the island based on your preferences and budget.

Read More Related [Driving in Bali- Navigating the island by scooter or car]

Visa for Retiring in Bali

Working out the visa situation for your retirement in Bali is probably one of the most important parts of the whole shebang. A lot of people do move to Bali on visas that are not intended for long stays – we do not recommend this, obviously.

Tourists are able to secure a visa on arrival. It’ll give you 30 days for vacationing on the island, and can be extended to 60 days.

Luckily, there is a specific Bali retirement visa available! The requirements for this visa are:

Age: - You must be 55 years of age or over

Work: - You must have no plan to work in Indonesia.

Life & Health Insurance: The insurance provider can be a company of your choice but must provide cover in Indonesia

Home:- You must have at least a 1-year lease agreement

Maid/Helper:- You must hire two domestic helpers (maid, gardener, pool attendant)

Funds:-You must give evidence that you can support yourself with either a bank statement showing over US$36,000 in the account or proof of other support payments equalling this such as investment or pension.

Best places to retire in Bali- Australians retiring in bali

There are several places to choose from for your retirement in Bali. These are the seven best places to retire in Bali:

• Sanur

• Seminyak

• Nusa Dua

• Ubud

• Kuta

Also read:[ Choosing the right place to retire in Bali ]

More Information regarding Planning to Live in bali and cost of visa visit our website baliinsightliving.com or contact with us (62) 812 46219970 .