Cost of Living in Sharm el-Sheikh

Sharm el-Sheikh, located on the southern tip of the Sinai Peninsula in Egypt, is a popular destination for digital nomads seeking a warm climate, beautiful beaches, and a lower cost of living. As you plan your stay in this vibrant city, it's essential to consider various expenses to create a realistic budget.

Rent Ranges by Neighborhood

Sharm el-Sheikh offers a range of neighbourhoods, each with unique characteristics and rent prices. Naama Bay is the most popular area for tourists and digital nomads. Here, you can expect to pay around £300-£500 per month for a furnished one-bedroom apartment. Old Market is another neighbourhood known for its local markets and authentic Egyptian atmosphere, with rents ranging from £200-£400 per month. For a more peaceful setting, consider Hadaba, where monthly rents start from £250 for a one-bedroom apartment.

Coworking Costs

Sharm el-Sheikh has a growing coworking scene, with several spaces catering to remote workers. Monthly coworking memberships typically range from £50 to £100, depending on the facilities and services offered. Many spaces provide high-speed internet, meeting rooms, and a vibrant community of like-minded professionals.

SIM/Data Plans

When it comes to staying connected in Sharm el-Sheikh, you can easily purchase a prepaid SIM card from local providers like Vodafone or Orange. A basic data plan with calls and texts included can cost around £5-£10 per month, depending on your usage.

Food Costs

Food in Sharm el-Sheikh is affordable, especially if you opt for local markets and street food stalls. A meal at a mid-range restaurant can cost between £5-£10, while a traditional falafel sandwich from a street vendor may set you back just £1-£2. If you prefer cooking at home, a week's worth of groceries for one person can range from £20-£30, depending on your dietary preferences.

Transport Passes

Getting around Sharm el-Sheikh is relatively easy, with taxis and microbuses being the primary modes of transportation. A single taxi ride within the city centre can cost around £2-£5, while a monthly microbus pass for unlimited rides may set you back approximately £10-£15.

Gym Memberships

Staying active is important, and Sharm el-Sheikh offers various gyms and fitness centres for your workout needs. Monthly gym memberships range from £20 to £50, depending on the facilities provided. Some upscale hotels and resorts also offer day passes for their gym and pool facilities.

Internet Speeds

Internet connectivity in Sharm el-Sheikh has improved in recent years, with many accommodations and coworking spaces offering high-speed connections. Average download speeds range from 10-50 Mbps, depending on the provider and location. It's advisable to check the internet speed before committing to a long-term rental.

Safety Notes

While Sharm el-Sheikh is generally considered a safe destination for tourists and digital nomads, it's essential to exercise caution, especially when exploring unfamiliar areas at night. Petty theft can occur, so it's advisable to keep your belongings secure and be aware of your surroundings.

Neighborhood Comparison

Naama Bay is vibrant and bustling, with a wide range of restaurants, shops, and nightlife options. Old Market offers a more authentic Egyptian experience, with traditional markets and local eateries. Hadaba is known for its tranquil atmosphere and stunning views of the Red Sea. Each neighbourhood has its unique charm, catering to different preferences and lifestyles.

Monthly Budget Breakdown

Based on the cost estimates provided above, a digital nomad in Sharm el-Sheikh can expect to spend approximately: - Rent: £250-£500 - Coworking: £50-£100 - SIM/Data Plan: £5-£10 - Food: £150-£200 - Transport: £50-£70 - Gym: £20-£50 - Total: £525-£930 per month

In conclusion, Sharm el-Sheikh offers a blend of affordability, natural beauty, and cultural experiences for digital nomads looking to work remotely in a picturesque setting. By considering the various costs and amenities available in the city, you can create a realistic budget that suits your lifestyle and preferences.