Apr 21 • 5 mins read
Cost of Living in Goa: Enjoying the Beach Lifestyle
Are you dreaming of living the beach life in Goa? It’s certainly a paradise on Earth, with its tropical climate, pristine beaches, and vibrant nightlife. But before you pack your bags and move to India’s most popular beach destination, it’s important to understand the cost of living in Goa. In this article, we’ll take a closer look at the different expenses associated with living in Goa and help you decide if it is within your budget.
What are the Factors that Determine the Cost of Living in Goa?
The cost of living in Goa is quite flexible, depending on your preferences and lifestyle. Fortunately, there are many options available when it comes to accommodations in Goa, ranging from PGs and lodges to flats. What’s even more appealing is that the rent for houses in Goa is relatively cheaper than other cities. However, it’s worth noting that living costs vary depending on the location.
If you’re heading south, expect to pay more. The city of Panaji is a great choice if you want a clean, long-term neighbourhood. It’s also home to many future offices, making it a relatively affordable option. If you plan on moving to Goa, it’s best to look for housing near your workplace. Not only will it save you time, but it will also help you cut down on commuting costs. A 1 BHK in Goa might cost you around ₹ 7000 to ₹ 15,000 whereas you can expect to pay anything between ₹ 15,000 to ₹ 40,000 per month for a 2 BHK property.
Food and Groceries
Goa is famous for its vibrant nightlife, and with so many cafes and party places to explore, it’s no wonder that people spend most of their nights out on the streets. The atmosphere is electric, and everyone is in a celebratory mood. For those who prefer a quieter night out, the streets of Panjim are a popular choice, while others head to North Goa for a party.
When it comes to dining out, Goa offers a variety of options, from inexpensive to mid-range restaurants. You can easily find a meal for as low as ₹ 250, or spend up to ₹ 3,000 for a fancier dining experience.
If you prefer to cook for yourself, grocery shopping in Goa is relatively affordable. You can easily get all your essentials like milk, rice, and vegetables for around ₹ 8,000 per month. There are also many local vegetable markets where you can buy your groceries at cheaper prices than the usual grocery stores. No matter where you shop, the cost of living in Goa remains reasonable.
When it comes to travelling in Goa, the cheapest option is local transport. Buses are incredibly affordable, with a maximum cost of ₹ 100 for going from one place to another. If you’re planning on using public transport frequently, you can even get a monthly pass for just ₹ 300, making it an incredibly cost-effective option. The buses are a great way to travel long distances, and you can cover a lot of ground easily.
If you need to travel to faraway places, you can also take the train. Alternatively, if you prefer a taxi, the base fare is ₹ 100.
For a more flexible and convenient mode of travel, renting a motorbike is the best option. It’s not only cheap, but it can also save you time during heavy traffic. You can rent a motorbike for as low as ₹ 5,000 per month, which is a fair deal. And although the cost of petrol fluctuates, it typically doesn’t exceed ₹ 90, making it an affordable option for travel within Goa.
When you rent an apartment in Goa, having access to basic facilities such as electricity and water is essential. These facilities are typically not included in the rent, and you would need to pay extra for them. However, the cost of utilities like electricity, heating, cooling, and water should not exceed ₹ 2,000 per month, making it an affordable expense.
Internet access is also crucial for most people these days, and the cost of a broadband connection is approximately ₹ 700 per month, depending on the plan you choose.
If you require help with household chores like cleaning and garbage disposal, you can hire someone for around ₹ 1,000 per month. This can be a significant help, especially if you have a busy schedule.
Overall, the cost of living in Goa can be quite reasonable, especially if you take advantage of the many affordable options available to you. With some smart budgeting, you can enjoy a comfortable life in this beautiful state without breaking the bank.
Education is an essential part of life, and if you’re moving to Goa with children, you’ll want to know the cost of schooling. The good news is that Goa has some excellent educational institutions, both public and private, that offer quality education at reasonable prices. The cost of education in Goa can vary depending on the institution you choose, but in general, it is relatively affordable compared to other parts of India. You can expect to pay anywhere between ₹ 5,000 to ₹ 20,000 per year for primary and secondary education in a good school.
For higher education, there are several universities and colleges in Goa that offer degree programs in a wide range of fields, including engineering, medicine, and business. The cost of higher education can vary depending on the course and institution, but it is generally lower than in other parts of India. With excellent educational institutions at reasonable prices, Goa is a great place for families looking to provide their children with a good education.
Shopping and Entertainment
When it comes to entertainment, Goa has something for everyone. From enjoying a relaxing day at the beach to partying all night, there’s never a dull moment in Goa. You can choose to go shopping, watch a movie, go on a long drive or enjoy a walk on the beach. The cost of each activity varies, but most are not expensive except for shopping.
If you are looking for a drink, then Goa is the place to be. You can easily get cheap beer, with imported beer costing less than ₹ 150 and domestic beer as low as ₹ 60. However, watching a movie in a cinema would cost you around ₹ 250 and joining a fitness club would cost around ₹ 1,500.
Shopping in Goa can be a bit expensive as compared to other things. Locals often avoid shopping here, as clothes are usually sold at higher prices than usual. A dress could cost around ₹ 2,000, while a pair of jeans could cost approximately ₹ 2,500. However, with so many other affordable options for entertainment in Goa, shopping can be skipped if you’re on a budget.
Is living in Goa expensive?
Living in Goa can be relatively expensive compared to other parts of India, but it ultimately depends on your lifestyle and preferences.
Which side of Goa is cheaper to stay?
The northern part of Goa is commonly regarded as a more affordable option compared to the southern region, primarily due to the wider selection of budget-friendly accommodation options such as hostels, guesthouses, and budget hotels. In contrast, the southern part of Goa is renowned for its lavish resorts and upscale villas that can be relatively costly.
What are some financing options available to people living in Goa to maintain their standard of living?
Residents of Goa have access to several financing alternatives to support their lifestyles. Personal loans are a popular choice due to their unsecured nature and versatility in usage, covering expenses such as rent, utilities, and transportation. Although credit cards can serve short-term needs, they carry high-interest rates and fees. Online loans, which are accessible through online platforms, also exist, but typically come with higher interest rates and fees than conventional bank loans. It is vital to research and compare these options to identify the appropriate financing option that matches your requirements and repayment capabilities, ensuring you understand the terms before committing.