Cost Of Living For a Single Person in Sri Lanka 2024
Average Monthly Expenditure
Currency: LKR
Average monthly spending for a single person or individual in Sri Lanka
How much money does an individual need in a month to survive in Sri Lanka?
A single person in Sri Lanka spends around 370,000 LKR per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 51,000 LKR or as high as 2.4M LKR. Location and income are very important factors and have a huge influence on expenditure and budget.
Prices and cost of goods and services in Sri Lanka
Dining, food, and beverages costs
Fast food combo meal
| 530 LKR | 1,100 LKR | 1,800 LKR |
Restaurant meal for one
| 1,800 LKR | 2,600 LKR | 5,300 LKR |
Fine dining meal for one
| 3,500 LKR | 5,300 LKR | 21,000 LKR |
Cappuccino or latte
| 440 LKR | 700 LKR | 1,100 LKR |
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
| 600 LKR | 770 LKR | 1,100 LKR |
Pack of beef
| 700 LKR | 1,100 LKR | 2,100 LKR |
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
| 440 LKR | 530 LKR | 1,100 LKR |
Average car full tank
| 2,600 LKR | 3,500 LKR | 7,000 LKR |
Average car 1-day rental
| 2,600 LKR | 3,500 LKR | 5,300 LKR |
Average car price
| 1.3M LKR | 2.6M LKR | 3.5M LKR |
Bus ticket one way
Car Service
| 3,500 LKR | 5,300 LKR | 11,000 LKR |
Utility cost (monthly)
Utility Bill - Individual
| 3,100 LKR | 22,000 LKR | 150,000 LKR |
Internet and cable
| 2,600 LKR | 5,300 LKR | 7,000 LKR |
Mobile phone charges
| 2,100 LKR | 3,500 LKR | 11,000 LKR |
Leisure and activities costs
Movie ticket
| 1,300 LKR | 1,800 LKR | 2,600 LKR |
One month gym membership
| 4,200 LKR | 5,300 LKR | 11,000 LKR |
Cloths and accessories costs
Pair of jeans or pants
| 3,100 LKR | 4,400 LKR | 6,600 LKR |
Woman dress
| 2,900 LKR | 4,000 LKR | 13,000 LKR |
Woman shoes
| 2,800 LKR | 3,800 LKR | 8,800 LKR |
Men's shoes
| 2,400 LKR | 2,900 LKR | 5,800 LKR |
Men suit
| 2,600 LKR | 3,300 LKR | 18,000 LKR |
Regular t-shirt
| 1,300 LKR | 1,800 LKR | 5,300 LKR |
Housing costs / monthly rent
Studio apartment
| 44,000 LKR | 66,000 LKR | 180,000 LKR |
1-bedroom apartment
| 66,000 LKR | 110,000 LKR | 260,000 LKR |
2-bedroom apartment
| 88,000 LKR | 130,000 LKR | 350,000 LKR |
Housing costs / Buying
Studio apartment
1-bedroom apartment
2-bedroom apartment
| $57,000 | $170,000 | $340,000 |
Furniture Costs
King Size Bed
| 53,000 LKR | 66,000 LKR | 88,000 LKR |
Double Bed
| 35,000 LKR | 53,000 LKR | 66,000 LKR |
Single Bed
| 31,000 LKR | 40,000 LKR | 53,000 LKR |
Living Room
| 58,000 LKR | 75,000 LKR | 260,000 LKR |
Dining Table
| 26,000 LKR | 35,000 LKR | 66,000 LKR |
Sofa or Couch
| 35,000 LKR | 48,000 LKR | 110,000 LKR |
Electronics and House Appliance Costs
TV Set
| 35,000 LKR | 53,000 LKR | 110,000 LKR |
Fridge or Freezer
| 31,000 LKR | 48,000 LKR | 66,000 LKR |
Washing Machine
| 40,000 LKR | 58,000 LKR | 110,000 LKR |
Stove or Cooker
| 38,000 LKR | 48,000 LKR | 66,000 LKR |
Mobile Phone
| 44,000 LKR | 53,000 LKR | 75,000 LKR |
Laptop or Computer
| 48,000 LKR | 58,000 LKR | 110,000 LKR |
Single person expenditure to income ratio in Sri Lanka
Analysing the how affordable it is for an individual to live in Sri Lanka
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.
Spending to Income Ratio
79%
74% to 86%
( expenditure / income ) x 100
Individuals in Sri Lanka spend around 79% of their monthly income.
Some individuals spend as low as 74% of their income while some as high as 86%.
How do individuals spend their money in Sri Lanka?
We asked thousands of individuals about their spending habits and expenditure break down.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing and accomodation expenditure for individuals
Accomodation Cost29%
29% of total expenses on average (17% to 41%)
| LOW | $60 18,000 LKR |
| AVERAGE | $430 130,000 LKR |
| HIGH | $2,900 880,000 LKR |
| Per Month |
Individuals in Sri Lanka typically spend from 17% to 41% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 130,000 LKR with expenditure ranging from 18,000 LKR to 880,000 LKR. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for individuals
Cost of utilities9%
9% of total expenses on average (5% to 14%)
| LOW | $10 3,100 LKR |
| AVERAGE | $71 22,000 LKR |
| HIGH | $480 150,000 LKR |
| Per Month |
Utility expenditure like electricity, water, and gas in Sri Lanka ranges from 5% to 14% of total expenses with 9% being the average for most individuals. The average monthly cost of utilities is 22,000 LKR with 3,100 LKR and 150,000 LKR being the upper and lower limits for a single person.
Transport, fuel, and commute expenditure for individuals
Cost of transport and fuel4%
4% of total expenses on average (2% to 10%)
| LOW | $13 4,100 LKR |
| AVERAGE | $95 29,000 LKR |
| HIGH | $630 200,000 LKR |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 4,100 LKR to 200,000 LKR in a month on commuting with 29,000 LKR being the norm for most individuals. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 2% or as high as 10%.
Food, groceries, and basic shopping expenditure for individuals
Food and Groceries Cost20%
20% of total expenses on average (14% to 25%)
| LOW | $27 8,200 LKR |
| AVERAGE | $190 59,000 LKR |
| HIGH | $1,300 390,000 LKR |
| Per Month |
The average outlay on groceries and basic houshold items for a typical person in a month in Sri Lanka is 59,000 LKR. The cost of groceries can range between 8,200 LKR to 390,000 LKR. Individuals spend on average about 20% on food and groceries with upper and lower bounds of 14% and 25% respectively.
Healthcare and medical services expenditure for individuals
Cost of healthcare13%
13% of total expenses on average (7% to 17%)
| LOW | $15 4,600 LKR |
| AVERAGE | $110 33,000 LKR |
| HIGH | $710 220,000 LKR |
| Per Month |
Individuals in Sri Lanka allocate 7% to 17% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 13%. The range of medical expenses range from 4,600 LKR to 220,000 LKR with 33,000 LKR being the norm for most individuals.
Leisure and shopping expenditure for individuals
Cost of leisure and shopping2%
2% of total expenses on average (2% to 5%)
| LOW | $8.3 2,600 LKR |
| AVERAGE | $59 18,000 LKR |
| HIGH | $400 120,000 LKR |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 2,600 LKR to 120,000 LKR with 18,000 LKR being the average. Speaking of percentages, that equates to 2% to 5% of total expenses with an average of 2% for most individuals.
Education and schooling expenditure for individuals
Cost of education and schooling1%
1% of total expenses on average (0.00% to 3%)
| LOW | $3.3 1,000 LKR |
| AVERAGE | $24 7,300 LKR |
| HIGH | $160 49,000 LKR |
| Per Month |
Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 7,300 LKR per month with 1,000 LKR being the minimum spent amount and 49,000 LKR being the maximum.
Other Expenses22%
22% of total expenses on average (14% to 26%)
| LOW | $30 9,200 LKR |
| AVERAGE | $210 66,000 LKR |
| HIGH | $1,400 440,000 LKR |
| Per Month |
What percentage of individuals in Sri Lanka are able to save money and how much can they save?
Percentage of individuals that reported their ability to save money
Almost 57% of surveyed individuals in Sri Lanka said that they can save some money at the end of each month while 43% reported that they have to utilize their whole income to survive.
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
How much money do individuals manage to add to their savings?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Saving to Income Ratio
Average Monthly Saved Amount
12,000 LKR
$38 | 110,000 LKR
$340 | 710,000 LKR
$2,300 |
Savings to income distribution levels for individuals
| Saving To Income Ratio | % Individuals |
|---|
| 0% - 10% | 33% |
| 10% - 20% | 26% |
| 20% - 30% | 17% |
| 30% - 40% | 12% |
| 40% - 50% | 9% |
| > 50% | 3% |
Interpretation and Analysis
Individuals that are able to save money can put anywhere from 10% to 29% of their monthly income to their savings, with 17% being the average for most individuals. The average monthly amount of money that individuals can put aside is 110,000 LKR with 12,000 LKR and 710,000 LKR being the minimum and maximum respectively.
Saving Challenges in Sri Lanka
Reasons that make it difficult for individuals to save money
We wanted to understand what is stopping people from maximizing their savings in Sri Lanka. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 4% |
| High Expenses | 7% |
| Debt and Loans | 12% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 12% |
| Financial Emergencies | 7% |
| Living the moment | 5% |
| Will do it later | 22% |
| Inflation | 14% |
| Social Pressure | 3% |
| Market Instability | 2% |
Around 4% of the individuals said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 12% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% of individuals blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 22% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for individuals in Sri Lanka
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 13% |
| Gold | 14% |
| Savings Accounts | 17% |
| Retirement Accounts | 9% |
| Cash Savings | 22% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 4% |
| Bonds | 4% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Sri Lanka
Income and cost of living compatibility
We asked individuals one simple question and recorded their answers.
Is it affordable or economical to live in Sri Lanka?
Around 46% of surveyed individuals think that living in Sri Lanka is affordable with proper budgeting while 54% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Sri Lanka
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options55%
Few low-cost options45%
Based on the survey, 55% of the individuals living in Sri Lanka have no problem finding low-cost alternatives to support a frugal lifestyle while 45% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds For Individuals
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Sri Lanka whether they have an emergency fund and the answers were as follows.
Yes46%
No54%
Based on the survey, 54% of the individuals living in Sri Lanka said that they don't have an emergency fund while 46% said that they do.
Financial Literacy in Sri Lanka
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy41%
We asked individuals in Sri Lanka whether they acquired any adequate personal financial training in their lives. Approximately 59% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 41% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether single people of Sri Lanka have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 51% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 49% said that they have everything under control.
Struggles with finance51%
Easily manages finances49%
Financial goals of individuals in Sri Lanka
In an attempt to understand the economic situation in Sri Lanka, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 9% |
| Debt Reduction | 45% |
| Retirement Savings | 11% |
| Education Funding | 6% |
| Homeownership | 19% |
| Investing | 6% |
| Travel or Lifestyle | 5% |
| Healthcare Expenses | 15% |
| Financial Independence | 4% |
Around 9% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 45% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 5% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 15% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Debt, loans, and mortgages in Sri Lanka
Percentage of individuals who are in debt
According to the survey, 29% of the individuals in Sri Lanka have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Sri Lanka
Debt to income ratio
33%
25% to 41%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 33% of a single person's monthly income in Sri Lanka goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 20% |
| 40% - 50% | 15% |
| 30% - 40% | 17% |
| 20% - 30% | 9% |
| 10% - 20% | 10% |
| 0% - 10% | 25% |
According to our data, 3% of the debtors in Sri Lanka pay 60%+ of their income as debt settlement while 20% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Sri Lanka
| Debt | % People |
|---|
| Real Estate Mortgage | 7% |
| Auto Loan | 13% |
| Student Loan | 4% |
| Credit Card | 31% |
| Personal Loan | 45% |
7% of debtors in Sri Lanka confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 13% of people and personal loans rose at 45%. Lastly, student loans are the main source of debt for 4% of debtors in Sri Lanka.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Sri Lanka
Besides measuring the loan-to-income ratio, we asked individuals of Sri Lanka how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 49% |
| Once a year | 24% |
| Twice a year | 13% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Sri Lanka
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Sri Lanka
Monthly Rent Prices
Studio apartment monthly rent cost
| 44,000 LKR | 66,000 LKR | 180,000 LKR |
1-bedroom apartment monthly rent cost
| 66,000 LKR | 110,000 LKR | 260,000 LKR |
2-bedroom apartment monthly rent cost
| 88,000 LKR | 130,000 LKR | 350,000 LKR |
3-bedroom apartment monthly rent cost
| 110,000 LKR | 180,000 LKR | 480,000 LKR |
Furnished apartment monthly rent cost
| 210,000 LKR | 530,000 LKR | 1.1M LKR |
Townhouse monthly rent cost
| 180,000 LKR | 260,000 LKR | 750,000 LKR |
House monthly rent cost
| 210,000 LKR | 530,000 LKR | 1.1M LKR |
Villa monthly rent cost
| 260,000 LKR | 660,000 LKR | 1.1M LKR |
The monthly rental cost of a studio apartment in Sri Lanka ranges between 44,000 LKR and 180,000 LKR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 66,000 LKR to 260,000 LKR. Two-bedroom rentals rate ranges between 88,000 LKR and 350,000 LKR per month. The monthly rental for a three-bedroom apartment ranges from 110,000 LKR to 480,000 LKR. The average rent of a townhouse in Sri Lanka is around 260,000 LKR while house rental costs can be as high as 530,000 LKR per month. Finally, if you want to rent a villa, expect to pay anywhere from 260,000 LKR to 1.1M LKR per month.
Apartment and house prices in Sri Lanka
Cost of buying a property
Studio apartment price
1-bedroom apartment price
2-bedroom apartment price
| $57,000 | $170,000 | $340,000 |
3-bedroom apartment price
| $190,000 | $280,000 | $850,000 |
Townhouse price
| 75M LKR | 180M LKR | 660M LKR |
House price
| 88M LKR | 530M LKR | 750M LKR |
Villa price
| 110M LKR | 580M LKR | 880M LKR |
The average price of a studio apartment in Sri Lanka can range from 8.8M LKR to 26M LKR depending on location. One bedroom cost can be anywhere from 11M LKR to 66M LKR. A villa can cost you 580M LKR on average with prices ranging from 110M LKR to 880M LKR.
If you're leasing or purchasing, housing costs in Sri Lanka will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 28 | x77 monthly income | 186 |
Property prices in Sri Lanka can be x77 to x186 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x77 multiples of the average monthly salary in Sri Lanka.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Sri Lanka is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 38% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
26% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
| 810 LKR | 11,000 LKR | 110,000 LKR |
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
Monthly costs and expenses of energy and basic utilities in Sri Lanka
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Sri Lanka
Utility Bill Cost / Electricity + Water + Gas / A single person
| 3,100 LKR | 22,000 LKR | 150,000 LKR |
Internet and cable cost
| 2,600 LKR | 5,300 LKR | 7,000 LKR |
Mobile phone bill and charges
| 2,100 LKR | 3,500 LKR | 11,000 LKR |
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly energy and water consumption of individuals is around 22,000 LKR. The cost of internet and WiFi ranges from 2,600 LKR to 7,000 LKR with 5,300 LKR being the average internet bill. Finally, the average monthly mobile charges is around 3,500 LKR but can range between 2,100 LKR and 11,000 LKR depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Sri Lanka is around 7%. This means that people pay 7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4% to 11% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Sri Lanka
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Sri Lanka
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
| 530 LKR | 1,100 LKR | 1,800 LKR |
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Sri Lanka is approximatly 1,100 LKR with meal cost ranging from 530 LKR to 1,800 LKR. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
| 1,800 LKR | 2,600 LKR | 5,300 LKR |
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,800 LKR and 5,300 LKR with 2,600 LKR being the average price of a plate for one person at a regular restaurant in Sri Lanka.
Fine dining meal for one price
| 3,500 LKR | 5,300 LKR | 21,000 LKR |
The price range of a meal at fine-dining restaurant is 3,500 LKR to 21,000 LKR with the average cost being 5,300 LKR for one person. This is what you would expect to pay a top-tier diner in Sri Lanka.
Beverage prices, cappuccino, latte etc..
| 440 LKR | 700 LKR | 1,100 LKR |
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Sri Lanka is around 700 LKR. Price ranges between 440 LKR and 1,100 LKR depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Sri Lanka is 420 LKR. The maximum what you would pay for milk is 530 LKR and the minimum being 350 LKR depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 350 LKR on average with 260 LKR and 530 LKR being the lower and upper limits respectively.
Fresh whole chicken price
| 600 LKR | 770 LKR | 1,100 LKR |
The price range of a fresh whole chicken in Sri Lanka is between 600 LKR and 1,100 LKR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 770 LKR.
Pack of beef price
| 700 LKR | 1,100 LKR | 2,100 LKR |
The price of a regular pack of beef or meat is around 1,100 LKR. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Sri Lanka costs around 390 LKR on average with prices rangeing between 280 LKR and 550 LKR depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 110 LKR to 260 LKR. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 250 LKR on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Sri Lanka is around 28%. This means that individuals spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 34% depending on salary and location.
Expenditure on food and grocery for individuals
Individuals' spending on grocery ranges from 8,200 LKR to 390,000 LKR with the location, income being the most determinite factors.
