Asia · Colombo
Cost of living in Sri Lanka
Sri Lanka is 71% cheaper than the US, ranking #174 of 203 countries we cover for cost of living.
World Bank data through 2024 · last reviewed 2026-06.
What drives the cost here
Price levels by category, where the world average = 100. Above 100 is pricier than the global norm; below it is cheaper.
In Sri Lanka, communication is the priciest category relative to the world (81), while health is the most affordable (19).
Category price levels: World Bank ICP 2021 (world average = 100) · source
What your money is worth here
A $100,000 US lifestyle would cost roughly $29,500 in Sri Lanka.
Quality of life
73/100 · #110 of 198Beyond cost — health, safety, and connectivity. The score is a transparent, equal-weight composite of the verified metrics below (see methodology).
About Sri Lanka
The first Sinhalese arrived in Sri Lanka late in the 6th century B.C., probably from northern India. Buddhism was introduced circa 250 B.C., and the first kingdoms developed at the cities of Anuradhapura (from about 200 B.C. to about A.D. 1000) and Polonnaruwa (from about A.D. 1070 to 1200). In the 14th century, a South Indian dynasty established a Tamil kingdom in northern Sri Lanka. The Portuguese controlled the coastal areas of the island in the 16th century, followed by the Dutch in the 17th century. The island was ceded to the British in 1796, became a crown colony in 1802, and was formally united under British rule by 1815. As Ceylon, it became independent in 1948; the name was changed to Sri Lanka in 1972. Prevailing tensions between the Sinhalese majority and Tamil separatists erupted into war in 1983. Fighting between the government and Liberation Tigers of Tamil Eelam (LTTE) continued for over a quarter-century. Although Norway brokered peace negotiations that led to a cease-fire in 2002, the fighting slowly resumed and was again in full force by 2006. The government defeated the LTTE in 2009.
Read the full background
During the post-conflict years under then-President Mahinda RAJAPAKSA, the government initiated infrastructure development projects, many of which were financed by loans from China. His regime faced allegations of human rights violations and a shrinking democratic space for civil society. In 2015, a new coalition government headed by President Maithripala SIRISENA of the Sri Lanka Freedom Party and Prime Minister Ranil WICKREMESINGHE of the United National Party came to power with pledges to advance economic, political, and judicial reforms. However, implementation of these reforms was uneven. In 2019, Gotabaya RAJAPAKSA won the presidential election and appointed his brother Mahinda prime minister. Civil society raised concerns about the RAJAPAKSA administration’s commitment to pursuing justice, human rights, and accountability reforms, as well as the risks to foreign creditors that Sri Lanka faced given its ongoing economic crisis. A combination of factors including the COVID-19 pandemic; severe shortages of food, medicine, and fuel; and power outages triggered increasingly violent protests in Columbo beginning in 2022. In response, WICKREMESINGHE -- who had already served as prime minister five times -- was named to replace the prime minister, but he became president within a few months when Gotabaya RAJAPAKSA fled the country.
Background from the CIA World Factbook (public domain), archived 2026-06-03.
Frequently asked
Is Sri Lanka expensive to live in?
Sri Lanka is 71% cheaper than the US, ranking #174 of the 203 countries we track. Its most expensive category relative to the world is communication; health costs the least.
How much money do you need to live in Sri Lanka?
A lifestyle that costs $100,000 in the United States would cost roughly $29,500 in Sri Lanka, going by overall price levels. The salary translator turns your own figure into a local equivalent.
Is Sri Lanka cheaper than the United States?
Yes. Its overall price level is 29.3, against 100 for the United States.
What is the quality of life in Sri Lanka?
Sri Lanka scores 73 out of 100 on our quality-of-life index (#110 of 198), a composite of life expectancy, safety, health, and connectivity, with life expectancy around 78 years.
Every number, sourced.
We cite the exact source and year for each figure. Derived values are computed at build time, never hand-entered.
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