Cost of living in Homagama
Homagama, a bustling town in Sri Lanka, offers a unique blend of urban and suburban living. Understanding the cost of living here is crucial for both residents and newcomers.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3.43 on average, with a range between $1.72 and $8.59.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $25.76, with prices ranging from $17.17 to $68.68.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.56, with a range between $6.53 and $10.3.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.41 to $3.43, imported beer $2.06 to $6.87, cappuccino $1.55 to $4.12, and Coke/Pepsi $0.52 to $1.72.
Grocery Prices
- Milk - Milk is priced between $1.03 and $1.89 per liter, averaging $1.34.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.48 and $1.37, with an average price of $0.57.
- Eggs (Dozen) - A dozen eggs range from $1.34 to $2.68, averaging $2.06.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.72 to $10.3 per kg, while oranges range from $2.06 to $10.3 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.62 and $1.55 per kg, and lettuce costs $0.34 to $2.75 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.52.
- Fuel (Gasoline) - Gasoline is priced between $1.13 and $1.46 per liter.
- Taxi Fares - Taxi fares start at $0.41, with a cost of $0.34 to $0.69 per km and $0.34 to $1.03 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $68.68 to $154.54, averaging $111.61.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $34.34 to $68.68, averaging $51.51.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $24.04 and $85.86, averaging $24.04.
- Internet - Internet services range from $7.73 to $51.51, with an average cost of $16.57.
Cost of Living Rankings
The cost of living indices for Sri Lanka 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 Sri Lanka, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Homagama offers a relatively low cost of living compared to many urban areas, making it an attractive option for budget-conscious individuals.
Affordable dining and grocery prices contribute to the overall cost-effectiveness of living in this town.
Housing costs are notably low, especially for those willing to live outside the city centre.
Transportation is economical, with low costs for public transport and fuel.
Conclusion
In conclusion, Homagama presents a cost-effective living environment with affordable housing, dining, and transportation options.
This makes it an ideal location for individuals and families looking to manage their expenses while enjoying a comfortable lifestyle.