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Palau, an island country in the western Pacific Ocean, is known for its stunning marine life, beautiful beaches, and rich cultural heritage. With a population of approximately 21,700, Palau's economy is primarily driven by tourism, fishing, and subsistence agriculture.

The Palauan economy is relatively small but stable, with a GDP per capita of $14,565. The country has a high English-speaking population at 92.5%, which can be attractive for expatriates.

Housing Costs in Palau

Housing costs in Palau can be relatively high, especially in urban areas:

1. City Center: A 1-bedroom apartment in the city center costs around $483 per month1.
2. Outside Center: A 1-bedroom apartment outside the city center is about $361 per month1.
3. Larger Apartments: A 3-bedroom apartment in the city center averages $1,082 per month1.

Summary:

• Rent (1-bedroom apartment, city center): $483/month
• Rent (1-bedroom apartment, outside center): $361/month
• Rent (3-bedroom apartment, city center): $1,082/month

Food Costs in Palau

Food costs in Palau can be moderate to high. A typical grocery bill for a single person might range from $400 to $500 per month.

Grocery Costs:

• Bread: Approximately $2.03 for a 0.5 kg loaf
• Milk: Around $2.68 for a liter
• Eggs: Roughly $4.58 for a dozen
• Chicken fillets: About $12.51 per kilogram
• Rice: $2.03 per kg

Dining Out:

• Meal at an inexpensive restaurant: $10.50
• Three-course meal for two at a mid-range restaurant: $52.10
• Fast food combo meal: Approximately $5.95

Summary:

• Monthly groceries (1 person): $400-$500
• Meal at inexpensive restaurant: $10.50
• Three-course meal for two (mid-range restaurant): $52.10

Transportation Costs in Palau

Transportation costs in Palau are relatively moderate:

Public Transport:

• Local transport ticket: $0.53
• Monthly ticket for local transport: $24.60

Driving Costs:

• Gasoline prices: $2.17 per liter
• Taxi ride (8 km): $11.20

Summary:

• Public transport monthly pass: $24.60
• Gasoline: $2.17/liter
• Taxi ride (8 km): $11.20

Utility Costs in Palau

Basic utilities in Palau can be relatively expensive:

• Utilities for one person (electricity, heating, water, etc.): $81 per month
• Utilities for a family: $125 per month
• Internet (50 Mbps+, unlimited data): $120 per month

Summary:

• Basic utilities (average apartment): $81.3-$125/month
• Internet: $120/month

Example Table of Monthly Household Expenses in Palau