Cost of living and prices in Maldives, prices of food, rent, shopping, etc 🇲🇻 Updated Jul 2023
The Maldives, located in Southern Asia, is a small island nation covering an area of 300 square kilometres. With a total population of 395,650, Maldives has one of the highest population densities in the world, with 1318.83 people per square kilometre. The official language of the Maldives is Divehi.
The Maldives' economy relies heavily on tourism, with pristine beaches and crystal-clear waters attracting visitors from all over the world. The country's GDP is $2,270,000,000, and GDP per capita is $5737. The currency in Maldives is Maldivian rufiyaa.
Although the Maldives does not share land borders with any other countries, it lies close to India and Sri Lanka.
Cost of Living Estimate in Maldives
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If you're looking for an unforgettable dining experience, Maldives offers a plethora of options for every palate. From fine dining restaurants to local food stalls, you can taste the flavors of the Maldives no matter where you go. Many of the resorts feature top-rated restaurants with international cuisine, Michelin-star chefs, and incredible ocean views. Whether you’re craving Italian, Chinese, or French, you’ll find it all in Maldives. You can also choose to dine on traditional Maldivian seafood, which features a variety of fresh fish and shellfish dishes. If you're looking for something more low-key, there are plenty of beachside cafes and food trucks where you can grab a quick bite and take in the stunning views of the Indian Ocean.
In addition to standard dining options, Maldives also provides a unique take on underwater dining. Underwater restaurants are becoming increasingly popular in the Maldives, and there’s nothing quite like having a meal with marine life swimming right outside your window. You can dine on anything from sushi to lobster while looking out into the crystal-clear waters. It’s an unforgettable experience that you won't want to miss. Additionally, there are also private dining options for those wanting a more intimate dining experience. Many resorts offer private dining on secluded beaches or even on a private yacht. Whatever your choice, the dining experience in Maldives is sure to be one to remember.
Market prices in Maldives can vary depending on location, season, and availability. As a popular tourist destination, prices for goods and services tend to be higher in areas catering to tourists. However, there are also local markets where you can find more affordable options. It's always a good idea to check with locals or do some research before making any purchases.
Additionally, the cost of living in Maldives is generally higher than in neighboring countries due to its remote geographical location and dependence on imports. This can impact the prices of everyday items, such as groceries and transportation. However, if you're willing to explore and venture away from the popular tourist spots, you may be able to uncover some hidden gems with more reasonable price points.
Transportation options in Maldives can be limited but exciting. Since the majority of the Maldives are located on small islands, public transportation is scarce. However, tourists can always travel by seaplane or speedboat to hop between islands. These modes of transportation offer both amazing scenic views and an adventure trip. Seaplanes, in particular, are a unique way to travel to the Maldives as it allows tourists to appreciate the aerial view of the archipelago. This mode of transportation is especially useful for reaching resorts that are located far away from the airport.
Another transportation option in the Maldives is the local ferry system. The ferries are primarily geared to service the locals and are relatively budget-friendly for tourists. While this transportation option may not be the fastest, it is a great way to explore islands beyond the developed ones for tourists. This mode is ideal for the more budget-conscious travelers, who can take time to enjoy the journey while mingling with the locals and visiting islands that are off the tourist trail. The ferries, which depart various ports at different times, present visitors with an opportunity to interact with the local communities and learn more about their culture, traditions, and way of life.
Utilities Per Month prices
When traveling to Maldives, it's important to note that utilities cost can be quite high due to the country's unique geography and reliance on imported resources. Most islands in Maldives rely on desalination plants for freshwater, which can be costly to operate. Additionally, electricity is generated through expensive imported diesel fuel. As a result, visitors may notice that utility costs, such as electricity and water, may be higher than what they're used to back home.
While it may seem daunting to pay more for utilities, visitors can take comfort in knowing that many resorts in Maldives have invested in eco-friendly measures to reduce their environmental impact and lower their utility costs. Some resorts have implemented solar power systems and water-saving initiatives, which not only help reduce costs, but also promote sustainable tourism practices. Visitors can support these efforts by choosing to stay at eco-friendly resorts and doing their part to conserve water and electricity during their stay in Maldives.
Sports And Leisure prices
The Maldives are a great destination for those looking for a leisurely getaway with plenty of sports to enjoy. Known for its crystal-clear waters, the Maldives offers a range of water-based activities such as diving, snorkeling, and surfing. These activities provide a thrilling experience for those seeking a bit of adventure, but if you’re looking for a more laid-back vibe, then you could opt for leisure activities like beachfront yoga or a relaxing massage.
For those looking to stay active on land, the Maldives has plenty of options to choose from as well. With lush green landscapes and warm tropical weather all year round, visitors could take part in a game of tennis, beach volleyball or even trekking. For a more cultural experience, visitors could join in on traditional island games like boduberu, a form of local drumming, or enjoy a game of badminton or soccer with the locals.
Salaries And Financing prices
When traveling to the Maldives, it is important to keep in mind that the country has a high cost of living compared to other destinations in the region. This is partly due to the fact that most goods need to be imported, which raises the prices. Therefore, salaries in the Maldives tend to be higher than average, especially in the tourism industry. With the country's economy mostly relying on tourism, the industry provides countless job opportunities for locals. Most workers in the sector earn a decent income, which also includes benefits such as health insurance and paid vacation time.
On the financing side, it is recommended to bring cash, especially US dollars, as credit cards are not widely accepted outside of resorts and higher-end establishments. ATMs can be found in the main island of Male and some other islands, but it is always best to carry enough cash for the duration of your stay. The local currency is the Maldivian Rufiyaa, but US dollars are accepted in most places. It is worth noting that the Maldives has a 12% service charge and a 10% tourism goods and services tax (T-GST) added to the bills in restaurants, hotels and other tourism-related services.
Childcare prices in Maldives vary depending on the type of care you choose for your child. Schools and kindergartens in Maldives offer some of the most comprehensive childcare services. Most schools in Maldives provide childcare services from pre-school to high school level. They offer well-equipped classrooms, dedicated teachers, and extracurricular activities that help to create a fun and stimulating learning environment for children. Kindergartens in Maldives offer a more specialized form of childcare with a focus on early childhood education and development.
While the cost of childcare in Maldives can be expensive, the quality of care is often unparalleled. Schools and kindergartens in Maldives are equipped with experienced teachers who solely focus on your child's education and development. Hence, you can rest easy, knowing that your child is in good hands while you focus on your daily activities. Moreover, many schools and kindergartens have flexible pricing options that cater to different budgets. So, whether you are looking for full-time care or a few hours per day, you can always find a childcare service that suits your needs and budget.
Clothing And Shoes prices
Looking for some stylish designer clothes and shoes on your next visit to Maldives? Fear not, as the country offers numerous options for all fashion enthusiasts. From luxurious boutiques to local markets, Maldives has a wide range of shopping destinations to choose from. Whether you're looking for high-end designer brands or something budget-friendly, there's something for everyone. You can find everything from traditional handwoven clothing to modern designer wear in various shopping centers and malls across the country.
If you're looking for authentic Maldivian attire, head to local markets and shops where you will find a mix of traditional and modern styles at affordable prices. Alternatively, upscale shopping centers and malls offer high-end designer clothes and designer shoes from famous brand names. From casual beachwear to stylish evening gowns, Maldives has every type of clothing you could ever want. Overall, shopping in Maldives is an incredible experience that will leave you delighted and feeling trendy.
Rent Per Month prices
If you're looking for a quick and easy way to experience the beauty of the Maldives, short-term rental options are perfect for you! Offering a range of luxurious villas and rooms for rent, short-term stays in the Maldives allow you to enjoy all the stunning beaches, crystal-clear waters, and fantastic diving opportunities the country has to offer without a long-term commitment. These short-term rental options offer flexibility in terms of living arrangements, with options including spacious villas with private pools, traditional bungalows, and comfortable rooms. Prices vary depending on the type of property and the length of your stay, but the short-term rental market in the Maldives has something to suit all budgets.
What better way to experience the Maldives than to stay in a luxurious resort for a few days? With short-term stay options available, you can live like royalty in one of the world's most beautiful destinations without breaking the bank. Many top-rated resorts in the Maldives offer short-term stays, with options including private villas and overwater bungalows. These accommodations range from comfortable to luxurious and include amenities such as private pools, en-suite bathrooms, and direct access to the beach. While prices may be higher for resort stays, the added luxury, exclusivity, and convenience make this option well worth considering.
Buy Apartment prices
Real estate buying options in Maldives are limited due to the small size of the country. However, there are still a few options available for those interested in purchasing property in this tropical paradise. One popular option is to purchase a resort or hotel property, which can provide both a luxurious vacation home and a potential income source through rental fees. Another option is to buy a private island, which gives complete ownership and allows for a more secluded living experience.
When it comes to prices, real estate in Maldives can be expensive due to the high demand for properties. However, the prices vary depending on the location and type of property. Beachfront properties tend to be the most expensive, while properties situated further inland or on smaller islands can be more affordable. As Maldives is a popular tourist destination, the rental income potential can be high, making it a worthwhile investment for those who can afford it.