Cost of living in Vietnam: Important info that every expat NEEDS to know

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When it comes to the cost of living in Vietnam, you can expect a wallet-friendly experience. With affordable options for accommodation, food, and transportation, Vietnam is a great choice for those seeking a budget-conscious lifestyle without compromising on quality.

1. Is living in Vietnam expensive or cheap?

With a favorable cost of living, Vietnam offers affordable expenses compared to Western countries and many Southeast Asian nations. The cost of living in Vietnam is significantly lower, with most items priced at less than half of what you would pay in the West and 5% to 25% cheaper than in neighboring Southeast Asian countries. 

The cost of living in Vietnam is relatively affordable compared to many other countries (Source: Collected)

In cities like Ho Chi Minh City and Hanoi, a couple can comfortably lead a middle-class lifestyle for less than 1,300 USD per month. Opting to live outside these major cities in places like Da Nang, Hoi An, Nha Trang, or Vung Tau further reduces costs. With a budget of 800 USD to 1,100 USD per month, you can enjoy a beautiful house or apartment, utilities, housekeeping, groceries, dining out, and even occasional massages. 

By allocating 3,500 USD to 4,500 USD per month, you can experience a luxurious lifestyle in Vietnam by renting a splendid villa with a private pool and savoring the best local restaurants.

Read more: Vietnam currency: The BEST things to know to plan a budget-friendly trip

2. A breakdown of the average monthly cost of living in Vietnam

2.1. Rent

When considering Vietnam as your new home, the cost of living and rent are important factors. Vietnam offers an affordable cost of living, with options to suit various budgets. 

In cities like Saigon or Hanoi, small studio apartments can start at 220 USD per month, while a spacious one-bedroom apartment may cost around 440–525 USD. In the city center, a small apartment typically ranges from 200 USD to 350 USD per month. For extra comfort, you can consider a three-bedroom apartment, which costs around 800 USD per month. 

In smaller cities like Ha Long, rental prices are lower, with options starting at 265 USD. The cost of life in Vietnam provides affordable choices, making it suitable for different lifestyles and budgets.

The house rental prices in Vietnam vary depending on the location and size of the property (Source: Collected)

2.2. Food and drinks

In Vietnam, the cost of living is affordable. Street food is a popular and inexpensive option, with meals ranging from 0.80 USD to 1.70 USD. Dining out at fancy restaurants can cost around 13.15 USD per meal, or approximately 265 USD per month. For long-term stays, cooking at home with local ingredients can keep monthly food expenses around 200 USD.

Bottled water is recommended and costs about 0.51 USD for a 1.5-liter bottle. Beer prices range from 0.88 USD to 1.95 USD, while imported wine starts at 17 USD and Vietnamese wine at 8 USD per bottle. A cup of coffee at fancy cafes typically costs around 2.65 USD.

In summary, the monthly cost of living in Vietnam is affordable for budget-conscious individuals, making it an appealing choice for those seeking economical options.

The prices of Vietnamese food can be quite reasonable and vary based on the type of dish and the dining establishment (Source: Collected)

2.3. Transportation

Transportation costs in Vietnam are affordable, including fuel, car hire, public transport, and vehicle maintenance. Scooters and bikes are popular due to their low expenses and convenience. If biking is not your preference, the public transport system is a viable option, with a monthly pass priced at around 8.85 USD.

For budget-conscious travelers, buses are the cheapest mode of transport, with fares starting at 0.40 USD per trip. Taxis and ride-hailing services like Grab are also available, with estimated monthly expenses of around 130 USD for a daily 30-minute commute, depending on factors like weather and city location.

Renting an automatic scooter costs between 22 and 35 USD per month, while buying one can range from 700 USD onwards. In Vietnam, transportation costs contribute to the overall affordable cost of living.

You can rent a motorbike for convenient transportation in Vietnam (Source: Collected)

2.4. Utilities

The cost of utilities in Vietnam for a typical 85-square-meter apartment, including electricity, heating, cooling and water, is just above 64.87 USD per month. 

In addition, cell phone services in Vietnam are notably cheaper compared to many other countries and high-speed internet is also quite affordable, typically around 11 USD per month. These lower utility and communication costs contribute to the overall affordable cost of living in Vietnam.

2.5. Healthcare services

The cost of healthcare in Vietnam is reasonable, making it an important factor in the overall cost of living in Vietnam. Public healthcare is accessible at subsidized rates, with general practitioner consultations ranging from 3.10 USD to 22 USD. Private hospitals offer similar quality care starting at around 26 USD. 

International hospitals in major cities provide services from foreign-trained doctors, with consultations starting at 66 USD and hospital beds ranging from 265 USD to 300 USD. It is advisable to have insurance coverage, and SafetyWing offers a monthly healthcare plan tailored for individuals living in Vietnam.

2.6. Fitness and entertainment activities

When considering the cost of living in Vietnam, it is important to factor in the expenses of leisure activities. 

Costs for items like books, cinema tickets, sports, and theater are quite low. A ticket to an international film release at the cinema costs around 4.95 USD for adults.

If you’re interested in fitness, a monthly membership to a recreation or sports club can be as low as 27 USD per month. 

Vietnam offers a wide range of fitness and entertainment activities that cater to diverse interests and preferences (Source: Collected)

2.7. Other expenses

Consider factoring in additional expenditures like groceries, recreational activities, self-care services, vacations, etc. when calculating the overall cost of living in Vietnam. Travel enthusiasts cannot miss out on exploring Vietnam’s stunning beaches and breathtaking landscapes. These indulgences are generally affordable, allowing you to enjoy a fulfilling lifestyle without straining your budget.

Read more: Vietnam money: Necessary things to know to plan your travel budget

3. Cost of living in 5 cities in Vietnam

3.1. Hanoi

The cost of living in Hanoi Vietnam is slightly higher compared to other places in the country. Over the past few years, there has been an inflation in prices, likely due to the growing expat community and the improving economy. 

However, these price increases are manageable, and you can still maintain a comfortable lifestyle. On average, a monthly budget of around 600 USD to 900 USD should be sufficient, although this can vary based on personal preferences and choices.

Living in Hanoi provides a unique blend of rich history, vibrant culture, and bustling city life (Source: Collected)

3.2. Hoi An

Hoi An, known for its captivating nighttime ambiance and local charm, offers an affordable cost of living in Vietnam. As more expats and remote workers settle here, prices remain relatively reasonable. 

Accommodations can be found for as little as 300 USD, and the local food scene is budget-friendly. By minimizing expenses on miscellaneous activities, you can expect to spend around 550 USD per month. However, most expats report an average monthly expenditure of 1,200 USD for two people. Overall, Hoi An offers a cost of living in Vietnam that typically does not exceed 800 USD per month. 

3.3. Da Nang

When considering the cost of living in Da Nang Vietnam stands out as an affordable option. With a fraction of the price compared to other countries, residents enjoy a high standard of living. 

Groceries like lettuce, potatoes and tomatoes are priced at around 0.30 USD to 0.40 USD per kilogram. Furnished apartments in attractive neighborhoods near the riverfront or beach start at less than 400 USD per month. Eating out is often more cost-effective than cooking at home, with local dishes available for just a dollar or two. 

A budget of approximately 1,000 USD per month, including rent, utilities, food and incidentals, can comfortably sustain two people in Da Nang, making it a great choice for those seeking an affordable cost of living in Vietnam. 

Living in Da Nang offers a wonderful balance of stunning coastal scenery, a laid-back lifestyle, and modern urban amenities (Source: Collected)

Read more: Vietnam cities: 12+ places from North to South suggested for your travel

3.4. Nha Trang

Nha Trang Vietnam has gained popularity among foreigners. Its coastal location makes it an ideal choice for those seeking a beachside lifestyle. While some tourist areas can be pricier, living affordably is still possible by embracing the local scene. On average, you can expect to spend around 400 USD per month, making it a budget-friendly option. Nha Trang offers a unique cost of living in Vietnam with its coastal charm and affordable expenses.

3.5. Ho Chi Minh City

Ho Chi Minh City is a popular choice among expats, known for its modernity and tropical climate. The cost of living in Ho Chi Minh City Vietnam is slightly higher, with expats reporting monthly expenses ranging from 700 USD to 1,300 USD. However, it is important to note that a significant portion of these expenses is allocated to accommodation. By opting for more affordable housing options, it is possible to live in Ho Chi Minh City at a lower cost. Overall, Ho Chi Minh City offers a unique cost of living in Vietnam.

Life in Ho Chi Minh City is characterized by its dynamic atmosphere, bustling streets, and diverse cultural experiences (Source: Collected)

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The cost of living in Vietnam is relatively affordable, making it an attractive destination for expats and travelers. With lower expenses for accommodation, food, transportation, and entertainment, the overall cost of living in Vietnam is quite reasonable. Whether you choose to live in bustling cities like Ho Chi Minh City or opt for serene coastal towns like Da Nang or Nha Trang, you can enjoy a comfortable lifestyle without breaking the bank. Experience the charm of Vietnam while keeping your cost of living in check.

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