Cost of living in Macao
Macao, a vibrant city known for its rich culture and bustling economy, offers a unique living experience. Understanding the cost of living in Macao is crucial for both residents and newcomers to manage their finances effectively.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you plan your budget in Macao for 2024.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $6.23 on average, with a range between $5.61 and $12.46.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $49.85, with prices ranging from $31.61 to $186.94.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.23, with a range between $5.61 and $6.85.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.12 to $12.21, imported beer $4.98 to $9.72, cappuccino $2.74 to $10.97, and Coke/Pepsi $0.5 to $1.5.
Grocery Prices
- Milk - Milk is priced between $1.54 and $3.61 per liter, averaging $2.96.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.25 and $4.74, with an average price of $2.22.
- Eggs (Dozen) - A dozen eggs range from $1.74 to $4.94, averaging $2.86.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.87 to $4.98 per kg, while oranges range from $1.5 to $7.48 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.5 and $7.48 per kg, and lettuce costs $0.5 to $3.12 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.37 and $0.77, with a monthly pass priced between $11.22 and $24.92.
- Fuel (Gasoline) - Gasoline is priced between $1.73 and $1.87 per liter.
- Taxi Fares - Taxi fares start at $2.37, with a cost of $1 to $1.99 per km and $12.46 to $14.95 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $747.74 to $2243.23, averaging $1066.78.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $498.5 to $996.99, averaging $830.83.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1495.49 to $3589.17, averaging $1976.54.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1370.86 to $2492.48, averaging $1713.58.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $9969.91 to $14954.87, averaging $11758.8.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $7477.43 to $12462.39, averaging $8887.21.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $74.77 and $134.82, averaging $103.38.
- Internet - Internet services range from $18.69 to $49.6, with an average cost of $29.7.
Cost of Living Rankings
Macao ranks 1st on the Cost of Living rankings in Macao (China). The cost of living indices for Macao (China) are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Macao (China), covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Macao offers a relatively affordable cost of living compared to other major cities, with reasonable prices for dining and transportation.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Grocery prices are moderate, but imported goods can be pricier.
Utilities and internet services are reasonably priced, contributing to a balanced monthly budget.
Conclusion
In conclusion, Macao presents a balanced cost of living, making it an attractive option for both expatriates and locals.
While housing in the city centre can be costly, other expenses such as dining, transportation, and utilities remain affordable.
Understanding these costs can help residents and newcomers alike to budget effectively and enjoy the vibrant lifestyle Macao has to offer.