Bali is a popular destination for couples, content creators, and spiritual seekers alike because it offers a little something for everyone: beaches, wellness retreats, and Instagram-worthy cafés. In recent years, it’s also become popular with digital nomads who are looking for a balance between work and leisure.

Also read: How to apply for a digital nomad visa in Indonesia

With its welcoming culture, coworking spaces, and low cost of living, Bali makes it easy to settle in. But regardless of how affordable the island is, expenses can quickly add up if you’re not careful. So, in this article, we’ll explore simple budgeting tips to help nomads make the most of their time and money in Bali.

How much does living in Bali cost?

Accommodation:

Accommodation is often one of the most significant expenses for digital nomads, and like most places, prices vary based on the type of stay and location. Popular areas like Canggu, Umalas, and Sanur tend to be more expensive, while places like Kuta and Amed are generally more budget-friendly.

A guest room or homestay typically costs between $300 and $500 monthly, often with shared common areas and kitchens. If you have a more flexible budget, you can rent a private apartment for around $700–$1,000/month or even a villa for $1,200 to $1,800/month, depending on size and location.

Also read: Top 8 digital nomad cities for remote workers in Southeast Asia

Food:

Bali’s vibrant food scene offers a delicious mix of local and international cuisines. Food is relatively affordable; you can expect to spend around $3–$7 per meal at a mid-range restaurant and between $15–$50 if you’re more interested in fine dining.

For an even more budget-friendly option, eat at local warungs (small, family-run restaurants). You can get a filling meal for as low as $1–$3.

Transport:

Many digital nomads in Bali rent scooters to get around. A scooter typically costs around $50–$80 per month, excluding fuel. It’s the most convenient and flexible option, especially in areas where public transport is limited.

But, if you’d rather not drive, you can use ride-hailing apps like Gojek and Grab. You can also hire a driver for around $30-$45 for a full day.

Coworking spaces:

If you need reliable Wi-Fi and a focused work environment, Bali’s coworking spaces have you covered. Thanks to its thriving digital nomad community, the island has plenty of coworking spots to help you stay productive.

Daily passes typically cost between $10 and $18, while monthly memberships range from $70 to $200, depending on the location and added perks like air conditioning, meeting rooms, or free coffee.

Also read: The best digital nomad jobs to earn from anywhere in Indonesia

Five budgeting tips for digital nomads in Bali

Eat like a local:

Don’t fall into the trap of eating out in expensive restaurants or Western-style every day. You can try cooking your meals or eating in warungs. They offer tasty, filling meals for as little as $1–$3. They’re not just budget-friendly but also a great way to experience authentic Balinese food.

Book long-term accommodation:

If you’ll be staying a while, avoid short-term stays to save more money. Monthly rentals typically cost less, and you can get better deals by staying outside tourist hotspots like Canggu.

Track your spending:

It’s easy to lose track of where your money is going, especially when paying in cash or foreign currencies. To stay on top of things, use a simple spreadsheet or a budgeting app like Splitwise or Spendee to track your daily and monthly expenses. You can also use Grey’s spending insights to monitor your transactions and see exactly where your money goes.

Budget for hidden or irregular costs

Some expenses won’t appear daily but can take a big bite out of your budget, such as visa extensions, scooter repairs, health checkups, or short trips to nearby islands. Set aside a small monthly buffer, like $50 - $100, to cover these so you’re not caught off guard.

Also read: Smart budgeting tips for digital nomads in 2024

Use a multi-currency account

One of the easiest ways to lose money as a digital nomad is through hidden currency conversion fees. However, with multi-currency providers like Grey, you can save on these fees by holding and sending money directly in different currencies, including the Indonesian rupiah. That means you can pay for things locally without hidden charges and enjoy your stay without worrying about exchange rates.

Also read: Summer travel in Indonesia: How tourists can pay like a local

Live like a local in Bali with Grey

You can have an enjoyable stay in Bali without breaking the bank. And with Grey, you can manage your money seamlessly with zero hassles and focus on what matters: making the most of your trip.