Bali is one of Singaporean’s best places to retire in the world. Bali has long been the destination of choice for Singaporeans looking to retire. This island paradise has everything you need for a relaxing and stress-free retirement where you can enjoy breathtaking scenery and warm weather all year round. Located within close proximity to several international airports, making it simple and convenient to travel anywhere in the world. Bali offers a unique culture and vibrant community, as well as a low cost of living.
Cost of Retiring in Bali compared to Singapore
Retirement has become a buzzword in recent years, as society acknowledges the need to provide an alternative solution for retirees who want or need to stop working. Asia is now one of the most popular destinations for those looking to retire abroad. It’s no surprise then that the number of people seeking permanent residency in Bali is steadily increasing. To understand why many Singaporean are choosing Bali as their next destination for retirement.
Doing research on numbeo.com, the world’s largest cost of the living database. It has a strong crowd-sourced global database of quality of life that focuses on housing indicators, perceived crime rates, healthcare quality, transport quality, and other statistics. It provides a good understanding of why foreigners are choosing Bali as their retirement destination. Let’s look at the data.
As you can gauge based on the data above, it’s no surprise why Bali is Singapore’s favorite place to retire. The average cost of living in Bali is more than 50% lower than in Singapore. This shows that if your cost of living in Singapore is $3,000, it would cost you less than $1,500 to live comfortably there. That’s more than $1,500 that you would be able to save and invest!
Relax and Layback Lifestyle
We’ve all heard it before: “Singapore is a hectic and stressful place to live.” We all know that there’s a lot of work pressure and tight deadlines. As a result, some people find themselves looking for a place to go when they want to escape from the busy city life. If you are feeling the same, Bali can be the perfect place for you!
Balinese culture is much more laidback, which allows you to relax and unwind. The island is well-known for it has an abundance of spa and massage treatments all around. Finally, ending the day by having low price cocktail drinks and beer seeping by the beach. Nothing gets better than that!
Lots of Activities to try out
There’s a good reason Bali has been named one of the Top 20 Island Destinations in the World by TripAdvisor. Besides its sandy beaches and perfect weather, it also offers a variety of activities to explore. You can choose among many sports like surfing, diving, snorkeling, and trekking at volcanoes, not only in Bali but also in those located near the city. You can also go to do the shopping and visit popular tourist attractions and historical sites in Bali.
Best Places to Retire for Digital Nomad
With work-from-home culture getting popular, moving to Bali can significantly cut down the cost of everyday expenses. Bali introduces the five-year digital nomad visas for travelers who are working from home. You can live on the island tax-free! It is no wonder digital nomads are flocking to the island to stay.
This island is one of the best places to retire in the world for digital nomads because it has a good infrastructure for traveling around, offering many places with Wi-Fi connections and plenty of great cafes, co-working spaces, and other co-living services that allow Internet entrepreneurs to enjoy their lives even when working from anywhere.
A well-known place for people that have to achieve early Financial Independence
According to many Singaporeans who have already retired in Bali. There are many benefits to choosing this peaceful and beautiful place as your retirement destination. The city has an abundance of health care facilities and helps you maintain a healthy lifestyle, with plenty of fresh vegetables around and some world-class spas available in the area if you want to treat yourself.
It’s also very easy to get around without having to use or buy a car as most locals in Bali rely on motorbikes and scooters for transportation, so most important places are easily accessible. There are tons of outdoor activities available such as hiking through tropical rainforests or surfing along the shores – perfect for those who love nature but don’t want the hustle and bustle of city life anymore.
How to Retire in Bali
Now that you know why many Singaporean are looking at Bali as their retirement destination. If you have not reached the level of financial asset or skill to retire in Bali. Do check out our page on the 7 levels to reach financial freedom and how you can take the right steps to retire early.
If you would like to read books and learn more on how to retire in Bali, do check out the Book “The Expat Family Guide to Living in Bali” by clicking the link down below.