| Apartment Rentals | Rent for a one-bedroom apartment in the city center of Colombo is around $500 per month. Rent for a three-bedroom apartment in the city center is around $1,000 per month. Rent for a one-bedroom apartment outside the city center is around $400 per month. Rent for a three-bedroom apartment outside the city center is around $800 per month. |
| Apartment Purchases | The cost of purchasing an apartment in Colombo varies depending on the size and location. Prices for a one-bedroom apartment in the city center range from $50,000 to $100,000. Prices for a three-bedroom apartment in the city center range from $100,000 to $200,000. Prices for a one-bedroom apartment outside the city center range from $30,000 to $60,000. Prices for a three-bedroom apartment outside the city center range from $60,000 to $120,000. |
| Transportation | Public transportation in Colombo is relatively inexpensive. A one-way ticket on the bus or train costs around $0.50. A monthly bus pass costs around $20. Taxis are also available and the cost of a ride depends on the distance traveled. A ride from the city center to the airport costs around $20. |
| Groceries | The cost of groceries in Colombo varies depending on the type of food purchased. Basic items such as rice, bread, and eggs cost around $2 per kilogram. Fresh fruits and vegetables cost around $1 per kilogram. Meat and fish cost around $3 per kilogram. Imported items such as cheese and wine cost more. |
| Restaurants | The cost of eating out in Colombo varies depending on the type of restaurant. A meal at a fast food restaurant costs around $5. A meal at a mid-range restaurant costs around $15. A meal at a high-end restaurant costs around $30. |
| Utilities | The cost of utilities in Colombo varies depending on usage. The average cost of electricity is around $0.15 per kilowatt-hour. The average cost of water is around $0.50 per cubic meter. The average cost of internet is around $30 per month. |
| Private School Tuition | The cost of private school tuition in Colombo varies depending on the school. Preschool tuition costs around $200 per month. Elementary school tuition costs around $400 per month. Middle school tuition costs around $500 per month. High school tuition costs around $600 per month. |
Monthly Budget for Retirees in Colombo
“The cost of living in Colombo is generally considered to be quite affordable. Basic necessities such as food, transportation, and utilities are relatively inexpensive, while housing costs can vary depending on the area. Eating out at restaurants is also relatively affordable, with a meal for two people costing around $15 USD. Overall, Colombo is a great place to live for those looking for a low cost of living,” said one expat living in Colombo.
Can I live in Colombo on $1,500 a month?
“I’ve been living in Colombo for a while now, and I can tell you that it’s possible to live comfortably on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find an affordable neighborhood to live in. I’d recommend looking into areas like Dehiwala, Mount Lavinia, or Wellawatte. These neighborhoods are a bit further from the city center, but they offer more affordable housing options. You can find a decent apartment for around $300-$500 a month, depending on the size and amenities.On the other hand, I’d avoid neighborhoods like Colombo 7, Colombo 5, and Colombo 3, as these are more upscale areas with higher rent prices. You’ll also need to be mindful of your utility bills, as electricity and water can be quite expensive here. To save on these costs, try to use energy-efficient appliances and be conscious of your water usage.When it comes to transportation, you can save money by using public transportation like buses and trains, which are quite affordable. Tuk-tuks and taxis can be more expensive, so try to limit your use of these services. If you’re planning to buy a vehicle, keep in mind that cars are quite expensive in Sri Lanka due to high import taxes.For groceries and dining out, you’ll find that local markets and street food vendors offer affordable and delicious options. However, if you’re craving Western food or dining at more upscale restaurants, be prepared to pay a premium. To save money, try to cook at home as much as possible and explore the local cuisine.In terms of entertainment and leisure activities, there are plenty of affordable options like visiting local parks, beaches, and cultural sites. However, if you’re into more expensive hobbies like golf or attending high-end events, you may need to cut back on these activities to stay within your budget.Overall, living in Colombo on $1,500 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, being conscious of your utility usage, and embracing local food and entertainment options, you can live comfortably and enjoy your time in this beautiful city,” commented an expat living in Colombo.
Can I live in Colombo on $3,500 a month?
“I’ve been living in Colombo for a few years now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, even if you’re used to modern amenities. However, you might have to make a few sacrifices to make it work. For example, you might not be able to afford a luxurious apartment in the most upscale neighborhoods, but you can still find a nice place to live in a more affordable area.One of the more affordable neighborhoods I’d recommend is Dehiwala-Mount Lavinia. It’s a bit south of the city center, but it’s still close enough to enjoy all the amenities Colombo has to offer. You can find a decent apartment for around $500-$700 a month, which leaves you plenty of money for other expenses. Another option is Rajagiriya, which is a bit closer to the city center and has a good mix of local and expat residents. Apartments here can range from $600-$900 a month.On the other hand, I’d avoid neighborhoods like Colombo 7 (Cinnamon Gardens) and Colombo 3 (Kollupitiya) if you’re on a tight budget. These areas are known for their high-end apartments and can be quite expensive, with rents often exceeding $1,500 a month.As for other expenses, groceries and eating out can be quite affordable if you stick to local markets and restaurants. However, if you prefer imported goods and dining at high-end restaurants, your food expenses can add up quickly. Transportation is also relatively cheap, especially if you use tuk-tuks or local buses. However, if you prefer to drive your own car, keep in mind that fuel prices and vehicle import taxes are quite high in Sri Lanka.In terms of sacrifices, you might have to adjust to the local way of life and be more mindful of your spending habits. For example, you might need to rely on public transportation instead of owning a car, or you might have to cook more meals at home instead of eating out. Additionally, you might not have access to all the same amenities and services you’re used to back home, such as high-speed internet or certain imported goods.Overall, living in Colombo on $3,000 a month is doable, but it requires some adjustments and careful budgeting. By choosing a more affordable neighborhood and being mindful of your spending, you can still enjoy a comfortable lifestyle while experiencing all that Sri Lanka has to offer,” said one expat living in Colombo.
Can I live in Colombo on $5,000 a month?
“I’ve been living in Colombo for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, especially if you’re used to modern amenities. However, there might be a few sacrifices you’ll have to make to ensure you stay within your budget.Firstly, you’ll want to choose a neighborhood that’s affordable but still offers the conveniences you’re used to. I’d recommend looking into areas like Dehiwala, Mount Lavinia, or Nugegoda. These neighborhoods are a bit further from the city center, but they’re still well-connected and offer a good mix of local and international amenities. You can find a decent apartment or house for rent in these areas for around $500 to $1,000 per month, depending on the size and location.On the other hand, you might want to avoid more expensive neighborhoods like Colombo 3 (Kollupitiya), Colombo 5 (Havelock Town), and Colombo 7 (Cinnamon Gardens). These areas are known for their upscale housing, shopping, and dining options, but the cost of living is significantly higher.When it comes to transportation, you can save money by using public transport like buses and trains, which are quite affordable. However, if you prefer more comfort and convenience, you can use ride-hailing apps like Uber or PickMe, which are still relatively inexpensive compared to taxi services in other countries.Eating out can be quite affordable in Colombo, especially if you’re open to trying local cuisine. You can find delicious meals at local restaurants for just a few dollars. However, if you prefer international cuisine or dining at high-end restaurants, the costs can add up quickly. To save money, consider cooking at home and shopping at local markets for fresh produce and ingredients.In terms of entertainment and leisure activities, there are plenty of affordable options in Colombo. You can visit local attractions like the National Museum, Galle Face Green, or Viharamahadevi Park for little to no cost. However, if you’re interested in more upscale activities like golfing or attending high-end events, you might need to adjust your budget accordingly.Overall, living comfortably on $5,000 a month in Colombo is definitely achievable, but you’ll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing an affordable neighborhood, using public transportation, and embracing local cuisine, you can enjoy a comfortable and fulfilling life in this vibrant city,” commented an expat living in Colombo.
