How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide: Brunei (ISO code: BN)
Travelers planning a week-long mid-range stay in Brunei should budget approximately BND 1,200 to BND 1,500 (around USD 888 to USD 1,110). This would cover accommodation, meals, transportation, and entertainment for a comfortable experience. To give you an idea of typical daily expenses in Brunei, here’s a quick breakdown in the local currency:
- 🍽️ Meal at a local restaurant: BND 10 - BND 20
- 🚌 Public transport fare: BND 1 - BND 2
- 📱 Prepaid SIM card: BND 15 - BND 30
- 🛏️ Budget hotel or Airbnb: BND 40 - BND 80 per night
Overall, Brunei is considered to be on the more expensive side compared to many Southeast Asian destinations but can be categorized as average when compared to the United States or the UK. Compared to the US, dining and accommodations may be slightly cheaper, while major expenses like transportation and entertainment are often on par. In contrast, compared to Australia, visitors might find Brunei's costs lower due to the significant differences in currency strength, with Brunei offering a more affordable mid-range experience.
Living in Brunei for Expats
For expats settling in Brunei, the average monthly living costs can vary widely based on lifestyle but typically range from BND 2,500 to BND 3,500 (approximately USD 1,850 to USD 2,600). This estimate includes rent, groceries, utilities, and leisure activities. Understanding how to manage your finances is crucial for a smooth transition, so here are a few tips.
Banking options in Brunei are straightforward, with local banks offering various services, while international cards like Visa and Mastercard are widely accepted. Domestic ATMs will dispense BND, and it’s wise to keep some cash for smaller purchases. For sending and receiving money, online transfer services like Wise or OFX provide competitive rates and lower fees than local banks and money changers, making them a preferred option for expatriates who need to manage multiple currencies. While exchanging money locally is convenient, online services often result in better rates and save you money in the long run.