The cost of living in Morocco today can almost be likened to that of Spain twenty years ago, with the only difference being that it has all the modern necessities that the tourist or local could need. The overall cost of goods is inexpensive; however things in supermarkets and other shops really are open to ‘negotiations’. Try not to think that you have got a bargain, as it is unlikely you will ever get the same price as a Moroccan national will get!
Public prices, such as transport will be fixed prices, so you don’t need to barter with the taxi driver, just make sure you ask the price of your journey before you accept the ride. Bargaining for most things is the culture in Morocco, but it only works if the buyer remains polite. You can’t expect to get the price you want. Moroccans appreciate a good barter so be prepared to have patience if you embark on it! If there is something specific you want, try not to buy at the first shop you see it in, shop around and often this will save you money.
Eating out is not too expensive either, and for a meal in a restaurant you will pay around £6-8, less in a fast food restaurant or snack bar. There are more expensive restaurants if you are treating yourself, and they serve delicious, authentic, traditional Moroccan food. Imports will be a little more expensive, so be prepared to pay more for anything which is not made in the country.
When moving your money to Morocco, you should look carefully at the exchange rate and find the best one possible. The most sensible way to do this is to use a currency exchange specialist. They will get you the best rate possible, meaning you get more Moroccan money for your UK money. A specialist can also advise you on the best time to buy your currency and can also eliminate or reduce any transfer fees. Their rates are often 4% better than what the high street banks can offer – saving you a further £4000 for every £100,000 you move!
The overall cost of living will be higher in bigger cities than it is in rural areas. Be sure to do your research thoroughly before you make the move. If you will be earning, does your employer pay you in UK currency or the local currency? What will the tax be like? All these things will significantly influence the amount of spare cash you have and how much you are able to save.
It is a good idea, if possible, that you live in Morocco perhaps for a months or two before you move permanently; this way you can get a rough idea of how much it is going to cost you to feed, clothe, and generally take care of yourself on a weekly and monthly basis. This is the perfect way to get a true, realistic idea of whether you can afford to live there long term.
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