On a global context Sri Lanka stands out as one of the cheapest countries to live in with a cost of living of $340 (SLR 110, 517) without including rent. While this is cheap compared to the majority of the countries in the world, for the locals with an average salary of $200 (SLR 64,000) it is quite a stretch.

While Sri Lanka has strived to eradicate poverty within the country, which is an individual living under $1.90 per day according to the World Bank measurements, the inequality in income among the citizens of Sri Lanka varies in great lengths. Geographical differences, access to urbanized areas, and working opportunities are mostly centered around Colombo, the capital of Sri Lanka. A family of 4 is estimated to live within $1590 currently in 2024. Around 75% of the population in Colombo is well above this followed by the Gampaha, and Kaluthara districts while Kilinochchi, Puttalam, and other rural districts fall way below the line.

Last Update - 29 Jan 2024

Summary Of Expenses In Sri Lanka


 

Food

A meal at a mid-range restuarant (2 prsons) 3000 LKR
A meal at an expensive restuarant (2 prsons) 6000 LKR
A Bread 300 LKR
A Pizza 3000 LKR

Beverages

Milk 1Ltr 500 LKR
Minarel Water 1Ltr 160 LKR
Minarel Water 5Ltr 440 LKR
A Cofee in a restuarant 400 LKR - 1000 LKR
A Tea in a restuarant 400 LKR
A Fruit Juice in a restuarant 600LKR - 1000 LKR
Coke 400ML 170 LKR
Pepsi 500ML 150 LKR
Redbull 250ML 900 LKR
White Wine Bottle 5000 LKR - 10 000 LKR
Red Wine Bottle 5000 LKR - 20 000 LKR
Soda 1Ltr 160 LKR
Local Beer 500ML 400 LKR
Imported Beer 325ML (Corona) 900 LKR
Local Whiskey 750ML 2800 LKR - 5000 LKR
Imported Whiskey 750ML Starting From 10 000LKR
Local Vodka 750ML (Eristoff) 4700 LKR
Imported Vodka 750ML Starting From 10 000LKR

Market

Milk 1Ltr 530 LKR
Rice 1KG 260 LKR
Potato 1KG 700 LKR
Sugar 1KG 450 LKR
Salt 1KG 235 LKR
Coconut Oil 1Ltr 1020 LKR
Biscuit Pack 100G 150 LKR
Tuna fish 2400 LKR
Tomato Ketchup 400g 520 LKR
Jam 500g 520 LKR
Olive oil 1Ltr 5000 LKR - 11 000 LKR
Cigarettes Pack 2500 LKR

Transportation

Minimum Bus Fare 60 LKR
Minimum TukTuk Fare 200 LKR
Petrol 1Ltr 360 LKR
Scooter Rent (per day) 2400 LKR - 4000 LKR

Taxi Fares (Sedan Car)

Airport to Colombo City Area 4500 LKR
Airport to Negambo 1300 LKR
Airport to Galle/Unwatuna 18 000 LKR
Airport to Hikkaduwa 17 500 LKR
Airport to Mirissa 21 000 LKR
Airport to Ella 27 500 LKR
Airport to Sigiriya 19 000 LKR
Airport to Kandy 13 500 LKR
Sigiriya to Ella 26 000LKR
Ella to Mirissa 26 000 LKR

Need more insights?    Pick a category!

Highlights Of Sri Lankan Economy


The pandemic took a big toll on the Sri Lankan economy since it’s powerhouse industry Tourism went down and couldn’t recover for 2 years or so. While the economy is still on its path to recovery the fee Sri Lankans have to pay has also gone high in all aspects. Food, Rent, Utilities, and Transportation costs have gone uphill. Here is a breakdown of the average costs of all these different essentials pre and post-pandemic. Sri Lankans faced major crises over the past years and one of the major ones was the Fuel issue. Fuel prices have shot up fast and even now the transportation cost is around 3 times higher than it used to be. Sri Lanka’s low-cost bus transportation, the one-way fare for the minimum distance used to be Rs. 12 ($0.037) and now it’s Rs.40 ($0.12). For one family unit living under one roof, the average utility prices such as water or electricity have gone up from Rs. 4000 ($12) to Rs. 12000 ($36). Groceries and amenities on average have gone up by 3 or 4 times the price it was before the pandemic.

Sri Lanka has a free education system and a free health system available and accessible to every Sri Lankan. This gives relief on behalf of the average citizen to these government facilities. Nonetheless, the cost of health and education in private institutions and hospitals is very pricey and cannot be accessed by the average Sri Lankan. The inflation has made a huge impact on Sri Lankans and their daily struggle to cover their cost of living. Imported goods have grown nearly impossible to afford for those who earn an average wage of $200 per month. The Sri Lankan government has introduced taxes and a more rigid taxation system from 2023 which affects individuals who earn more than the average income directly. After all even though in a global context Sri Lanka has a low living cost compared to the United States. It is almost unbearable to the average Sri Lankan. It has limited their chances to access a comfortable lifestyle as they did 5 years back.

Sri Lanka Prices Inc, Colombo, Sri Lanka, LK
Email : info@srilankaprices.com

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