Hostel prices – Unfortunately, there aren’t many hostels to choose from on Ko Lipe. The best one out there is Koh Lipe Backpackers Hostel and it only has two dorm rooms (beds 400-600 THB). There is a campground with tents and basic rooms on the island, if you’d like to sleep in nature.
Budget hotel prices – You can find cheap, basic bungalows that sleep two for around 850 THB per night. For a nicer room with air-conditioning, expect to pay 1,000 THB per night. Rooms at larger hotels start at around 1,350 THB per night, and usually include free WiFi and air-conditioning. There is Airbnb, but the selection ranges widely. Most availability falls between 700 THB (shared or private rooms) and 1,400 THB (the whole apartment).
Average cost of food – Food is really cheap on Ko Lipe, except during peak end of the year holiday season. You can find cheap meals for 35 THB, whole fish for 100 THB, and other meals for around 60-85 THB. Eat at the street stalls, the food is not only cheap, it’s utterly delicious. One of my favorite places to eat is called Jack’s Jungle (get the coconut soup). When it comes to drinking, going to bars can become pricey with the cheapest beers costing about 60 THB each and cocktails sometimes cost double or triple that. Whereas actually buying beers from 7-Eleven to drink on the street can be 25 THB per can.
Transportation costs – There’s no transport on the island besides long-tail boats, which can drop you off on different spots on the island for about 50 THB. But to be honest, Ko Lipe is so small that you can simply walk everywhere. Most round-trip ferry rides to and from other islands cost around 1,200 THB.
Suggested daily budget – 1200 THB / 33 USD (Note: This is a suggested budget assuming you’re staying in a hostel, eating out a little, cooking most of your meals or eating cheap street food, and using local transportation. Using the budget tips below, you can always lower this number. However, if you stay in fancier accommodation or eat out more often, expect this to be higher!)