The cost of living in Sri Lanka is quite reasonable; especially if you are look at groceries. Supermarkets are priced at rates far lower than in Europe or UK. Local eateries are also relatively inexpensive and provide basic, fresh food. The more expensive items are imported, such as international brands of alcohol, cosmetics and toiletries.
Rental prices for accommodation and eating out are costlier than in places like India, but still very reasonable by Western standards.
If you are earning foreign currency, you should be able to live very well.
Milk (1 liter) – 190 Rs
Rice (1 kilo) – 95 Rs
Eggs (dozen) – 198 Rs
Chicken Breast (1 kilo) – 650 Rs
Casual Meal – 250 RSs
Local Beer – 350 Rs
Imported Beer – 450 Rs
Coke – 85 Rs
Bottled water – 45 Rs
Rent for a 1-bedroom in city – 40,000 Rs
Real estate price per square meter - 270,000 Rs
Monthly utilities – 7,850 Rs
Internet - 2,500 Rs
Childcare (month) – 6,300 Rs
Sri Lankan specialities include: Ceylonese leaf tea, precious gems and jewellery, wood masks, Dumbara mats, and spices like cinnamon. The cinnamons stick is especially popular, and you can get wood bowls carved out of cinnamon tree. The Sri Lankan sari also makes for a beautiful souvenir. Handwoven garments are another must have. A motif to look for is anything elephant as they adorn everything from clothing to jewellery to gem trinkets.
There are many shopping centers and malls in Sri Lanka, with he highest concentration in the capitol of Colombo.
Odel
Once just a department store, this is now over 30,00 an integral part of the city's shopping scene. Boasting 30,000 square feet of shops. Its beautiful colonial-inspired architecture covers everything from garments to perfume to books to jewellery.
Majestic City
Known as MC, this is one of oldest malls in Sri Lanka. There are seven-stories of shopping with almost 100 stores. There is a play area for children, and a food court so you can just keep shopping. Attached is a cineplex.
House of Fashions
This is the place to shop and be seen. Brand names abound for men, women, and children. There is a lobby, information centre, and goods to fit any want.
Arcade Independence Square
This is a complex of colonial-themed outlet shops. It is a great place to shop or meet up as there is plenty of outdoor seating, as well as gardens and fountains. International dining options are available, as well as a cineplex.
Dutch Hospital Shopping
Not just a historical attraction, this area is great for its many distinct shops.
Liberty Plaza
Liberty Plaza is a classic dating back to the 1980s. It offers great discount outlets but is closed on Sunday.
A true feel of the country will come when you visit a local flea market! These are vibrant, colourful and an unforgettable cultural experience. Markets are common in every city of Sri Lanka and a guided tour is a great way to understand their unique history.
Best markets in Colombo:
Always feel free to bargain in Sri Lanka, particularly at the markets.
There are small local shops as well as big supermarket chains in Sri Lanka. Both can be used for getting daily groceries and household needs. Big chains include: Keells Super, Cargills Food City, Laughs Supermarket, and Manin Supermarkets. Online shopping like direct2door.lk is another good option.
Update 22/07/2018
If you want to move money abroad, from Sri Lanka or to Sri Lanka for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.