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Cost of Living in Maldives

The cost of living in the Maldives depends highly on where you live: for instance, if you are a local Maldivian and live on one of the islands, then the cost of living is reasonable – in between the high and the low. But if you live in the capital Malé it can be twice as much.

Another thing that is good to know is that the prices change seasonally: during the tourist season – they start skyrocketing, and when the rainy weather comes – the prices get lower.

The capital island of Malé does have some cheap places, though, where you can stay for smaller amounts of money.

Restaurants

RESTAURANTS

The cost of restaurants also depends on whether you’re eating on an island or in the capital. On a local village island, you can eat in a local café for less than 5$ per meal. This doesn’t mean that you can’t eat cheap food in the capital: Malé still has similar cheap places but it also has places where you can spend over 7$ on coffee and a tiny piece of cake.

Markets

MARKETS

The good thing about cooking in the Maldives is that their local dishes comprise of a very small amount of groceries. So, if you want to whisk up a delicious Maldivian meal, just buy some tuna, coconut milk and rice – and you’re done. Cooking at home, generally, saves up a lot of your money since groceries cost much less than meals in restaurants do.

Transportation

TRANSPORTATION

Malé city is the biggest in the Maldives, but it’s still very small, so you can get anywhere on foot within 10-15 minutes. Of course, you can take a bus, but they aren’t very reliable and the tickets can’t be considered cheap: a one-way ticket costs around 1.50$. If you are staying in Malé the best advice you can get is to buy yourself a motorbike.

Utilities

UTILITIES (MONTHLY)

For such a world-wide popular tourist destination, the prices of necessary things such as bills and utilities aren’t high at all. For example, if you live in a larger apartment for two people, which means around 85m2, all of your basic utilities including electricity, cooling, gas, garbage services and water – will cost around 200$.

Sports and leisure

SPORTS & LEISURE

Indulging in sports and fitness isn’t too pricey either – taking into account where you are! Becoming a member of a gym or a fitness club will cost you roughly around 50$, which is a reasonable price, while leisure activities like going to the cinema aren’t exactly cheap, but they aren’t expensive either: a movie ticket costs less than 7$.

Clothing and shoes

CLOTHING & SHOES

Shopping for clothing in the Maldives – now that’s an outstanding idea! Go shopping and you won’t regret it: buying clothes in one of Maldive’s shopping centers can include finding quality jeans like Levi’s for only 37$, running sneakers of brands like Nike for 60$, while lighter pieces of clothing like summer dresses cost 30$.

Rent per month

RENT PER MONTH

Rent can be a bit steep in the Maldives. But it all still depends on where you want to live. For a decent flat in most of the Maldives, you’ll need around 1000$, but let’s break that down into areas. A one-bedroom apartment in the city center costs around 860$ approximately, while the same apartment on the outskirts of town will cost you around 650$.

Cost of Living Averages Table for Maldives

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 3.72
Domestic Beer (0.5 Liter) $ 3.00
Water (0.33 Liter) $ 0.31
Average Market Prices
Milk (1 Liter) $ 1.69
Loaf Bread (500g) $ 1.62
Eggs (12) $ 1.68
Average Transport Prices
One Way Ticket $ 1.46
Monthly Pass $ 54.98
Gasoline $ 1.62
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 209.07
1 min. of Prepaid Mobile Tariff Local $ 0.07
Internet (Unlimited Data, Cable/ADSL) $ 82.23
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 52.29
Tennis Court Rent (1 Hour) $ 8.09
Cinema, 1 Seat, International Release $ 6.47
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 37.37
1 Summer Dress in a Chain Store (Zara, etc...) $ 32.09
1 Pair of Adidas Walking Shoes (Mid-Range) $ 60.23
Average Rent Prices
Apartment (1 bedroom) in City Center $ 827.40
Apartment (1 bedroom) Outside of Center $ 649.53
Apartment (3 bedrooms) in City Center $ 1772.32

How Does the Average Person Spend Their Money in Maldives?

Like in most countries, the largest amount of money in the state of Maldives gets spent on food.

Right after the food and groceries, rent is the next big expense for the people of Maldives: it is exceptionally high, especially taking into consideration the average salary in the Maldives.

Apart from food and rent, huge expenses here are also transportation and restaurants – since a huge part of society eats in restaurants every day.

Sports and leisure are just above clothing expenses which take up the last place.

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Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Maldives: Average Salary, Minimum Wage & Mortgages

It is really no surprise that the average wage of an average citizen of Maldives is only around 600$, as it can be concluded right away when you see their low prices.

For this amount of money, they have enough for food and all basic necessities but there isn’t any room for savings or anything else that isn’t truly necessary.

If you’re planning on going to the Maldives for a period of time, bring 1000$ with you and you’ll have no problems – you can even splurge.

Average Salary$ 587.54
Minimum Wage$ 242.12
Mortgage Interest Rate12.33%

Cost of Living by City in Maldives

*Click the name of the city for more information.

City Cost of Living Index
Male 70.45

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