How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Traveler’s Guide to Macao (MO)
For a week-long mid-range stay in Macao, travelers should budget approximately 12,000 MOP (Macao Pataca). This estimate comfortably covers accommodation, meals, local transport, and activities. Here’s a quick snapshot of typical daily expenses in Macao:
- 🍽️ Meal at a local restaurant: 100-200 MOP
- 🚍 Public transport fare: 6-15 MOP
- 📱 Prepaid SIM card: 100-300 MOP (for a week)
- 🛏️ Budget hotel or Airbnb: 800-1,200 MOP per night
Overall, Macao can be considered an expensive destination, particularly when compared to the United States where the costs are also high, but options may be more varied. In contrast, the UK has some similar mid-range expenses, although dining and activities in Macao tend to be pricier, reflecting its unique status as a tourism hub with luxury offerings alongside more affordable choices.
Expat Living in Macao
For expats, typical monthly living costs in Macao can range from 20,000 to 30,000 MOP depending on lifestyle and housing choices. This budget generally includes rent, groceries, transportation, and leisure activities. In terms of banking, it’s advisable to open a local bank account to avoid high international transaction fees and to facilitate payroll deposits. Using debit or credit cards is quite convenient, but always check with your bank about overseas fees.
When it comes to exchanging money, while local exchange services are available, utilizing online transfer platforms like Wise or OFX could offer better rates and lower fees for sending or receiving money. Online services often provide more favorable exchange rates than traditional banks or local exchanges, making them a smart choice for managing your finances across borders.