Table of Contents
1. IS LIVING IN VIETNAM EXPENSIVE OR CHEAP?
Ever wondered if your dream of living abroad is within financial reach? When it comes to Vietnam, the answer is a resounding “Yes!” Boasting an overall low cost of living, ranging from $500 to $1,000 per month, Vietnam provides an affordable lifestyle even in big cities, and it gets even more economical if you choose to reside in the smaller towns. While living expenses are considerably low, the provinces offer an even more budget-friendly escape from the hustle and bustle of city life.
2. THE AVERAGE MONTHLY COST OF LIVING IN VIETNAM
In terms of day-to-day expenses, Vietnam emerges as a pocket-friendly haven, where every aspect of life seems tailor-made for budget-conscious travelers and residents alike. From accommodation to transportation, and especially when it comes to culinary delights, Vietnam exudes affordability at every turn.
Here is a brief look at the average cost of everything when living in Vietnam:
| Categories | Average cost per month |
|---|---|
|
Housing |
$600 |
|
Food |
$180 |
|
Transportation |
$50 |
|
Sport and Fitness |
$60 |
|
Entertainment |
$20 |
2.1. HOUSING COST
Navigating the rental housing market in Vietnam offers a spectrum of options, catering to various budgets and preferences. Fully furnished accommodations can range from $200 to $1000 per month, depending on factors such as the type of housing, its location, and the size of the property.
Besides the rent, it’s important to consider several additional fees such as apartment service fees, parking fees, or Internet fees. On average, these three fees combined should total approximately $30 per month, making them considerably more affordable compared to similar expenses in Western regions.
To streamline your search and save valuable time, leveraging the power of the internet is a prudent strategy. Online platforms such as Airbnb or Booking provide convenient avenues for browsing a plethora of rental listings from the comfort of your own home. However, it’s essential to exercise caution, particularly when dealing with individual contacts outside of established platforms. While such avenues may sometimes have unbelievable offers, it’s crucial to verify the legitimacy of the listings and the identities of the landlords to mitigate the risk of falling victim to scams or fraudulent schemes.
2.2. FOOD COSTS
When considering the food culture in Vietnam, it becomes evident that affordability is one of its remarkable features. Whether you opt for the vibrant street food scene bustling with local flavors or the cozy confines of a neighborhood eatery, the cost-effectiveness is striking. Delving into street-side stalls or modest local restaurants will typically only set you back a mere $1 to $4 per meal and $120 per month, making indulging in Vietnamese cuisine a budget-friendly delight.
Even if you fancy the ambiance of Western-style restaurants, you’ll find that their prices hover around $6/meal ($180 per month), still relatively economical compared to many other destinations. However, for those seeking an authentic culinary adventure, self-catering is an enticing option. Preparing your meals can significantly slash costs, with expenses averaging between $1 to $2 per meal, making it $60 per month. This not only offers substantial savings but also allows for a more intimate engagement with the local ingredients and cooking techniques, adding an extra layer of depth to your experience in Vietnam.
2.3. TRANSPORTATION COSTS
Transportation in Vietnam can be super affordable with various budget-friendly options for you to choose from. If you’re not keen on navigating the streets solo, technology-based ride-hailing apps like Grab or Be provide convenient solutions. The cost is typically determined by the distance traveled, but it remains quite reasonable for most journeys within the city.
For those seeking a more long-term solution, monthly rental of motorbikes emerges as an incredibly cost-effective option, often priced around a mere $40 per month. What makes this option even more appealing is the peace of mind it offers, as renters are relieved of any concerns regarding bike maintenance or potential damages, with the owner already taking full responsibility.
Alternatively, if you prefer ownership, purchasing a used motorbike is a savvy choice, with prices ranging from approximately $150 to $350. However, given their pre-owned status, it’s essential to conduct a thorough inspection and test ride to ensure optimal functionality and performance before making a purchase. Luckily the ongoing expense of gasoline typically amounts to only around $10 per month.
(Grab/Be/Xanh SM)
Buses weave through Vietnam’s streets with fares starting at about 30 cents, making them an economical choice for travelers and locals alike. Smartphone apps streamline navigation, offering real-time schedules and stops to ease the journey.
Taxis stand ready to whisk passengers directly to their destination, offering convenience, especially for those laden with heavy luggage or traveling in groups. With metered fares ensuring transparent pricing, taxis remain a popular choice for those seeking a comfortable travel experience in Vietnam.
Lastly, motorbike taxis, known as “xe om,” offer an adventurous way to navigate Vietnam’s streets. Riders can easily spot these drivers ready to ferry passengers through the bustling traffic. Though fares are negotiated upfront, many find motorbike taxis a convenient and exhilarating mode of transportation, providing an authentic taste of Vietnamese street life.
2.4. SPORT AND FITNESS COSTS
Don’t worry about keeping yourself fit through sports and fitness in Vietnam because these are surprisingly affordable, catering to a diverse range of interests and budgets. Gym memberships, for instance, typically range from $13 to $44 per month, offering access to state-of-the-art facilities and a variety of fitness classes to suit every individual’s needs and preferences.
For golf enthusiasts, indulging in this leisurely yet challenging sport won’t break the bank either, with prices averaging between $70 to $150 for a round, depending on the course’s prestige and amenities.
Similarly, field sports lovers such as soccer or ultimate can enjoy the thrill of the game without straining their wallets, with artificial grass or natural grass field rental fees ranging from $5 to $30 per hour, varying based on factors such as field size and surface quality. It’s easy to find a weekly club to join, too!
Moreover, for those seeking a sense of community alongside their fitness endeavors, VUS provides an array of sports clubs. Whether you’re passionate about football, badminton, running, or any other activity, these clubs offer the perfect opportunity to exercise, socialize, and forge meaningful connections with like-minded individuals.
2.5. ENTERTAINMENT COSTS
When it comes to entertainment in Vietnam, there’s something to suit every budget and taste, offering a diverse array of experiences that reflect the vibrant culture and dynamic atmosphere of the country. Whether you’re seeking a laid-back outing or an electrifying night on the town, you’ll find plenty of options to choose from, each catering to various budgets and preferences.
For those looking to unwind with a cup of coffee and some good company, Vietnam’s plethora of coffee shops provides the perfect setting. With prices typically ranging from $2 to $3 per cup, you can choose between immersing yourself in the laid-back local ambiance to enjoy the robust flavors of Vietnamese coffee or opting for a modern, Western-influenced setting.
If you’re craving some cinematic entertainment, movie tickets are exceptionally budget-friendly, typically priced at around $5 per ticket. This stands in stark contrast to the United States, where ticket prices range from about $9 to $20. In Vietnam, movie tickets are definitely on the more economical side. Whether you’re catching the latest blockbuster or delving into a thought-provoking indie film, a trip to the cinema promises to be a budget-friendly and enjoyable experience.
For a more lively night out, Vietnam’s bustling nightlife scene beckons with a plethora of bars and clubs to explore. From intimate lounges to high-energy dance floors, there’s no shortage of options to suit every taste. Prices for a night on the town can vary widely, ranging from $20 to $50 per person, depending on the venue and the level of extravagance you seek.
It’s worth noting that entertainment options in major cities like Ho Chi Minh City tend to be more diverse. From underground clubs pulsing with energy to swanky rooftop bars offering breathtaking views of the city skyline, the possibilities are endless.
Conversely, smaller cities may present a more traditional entertainment landscape. For instance, cultural performances and local festivities, which can be challenging to come across in major cities, are readily available in smaller locales. Though the variety of options may be limited, these events offer a distinctive insight into Vietnam’s vibrant heritage and customs, delivering a memorable and authentic experience for both visitors and locals.
3. COST OF LIVING PER CITIES
When contemplating a move to Vietnam, it’s essential to consider the varying cost of living across different regions, each offering its unique blend of affordability and urban amenities.
In the capital city of Hanoi, living expenses are generally moderate, striking a harmonious balance between cost-effectiveness and access to modern conveniences. Meanwhile, Ho Chi Minh City, the vibrant southern metropolis, tends to be slightly pricier but remains an attractive option for those seeking a dynamic urban lifestyle. Despite the higher costs, the city’s cosmopolitan atmosphere and myriad opportunities for work and leisure continue to draw expatriates and locals alike. For a less expensive experience, the coastal cities of Da Nang or Nha Trang should be the cheaper go-tos while still maintaining the excitement of the larger cities, just smaller in size.
For those seeking a quieter and more budget-friendly alternative, smaller cities in Vietnam provide a tranquil retreat from the hustle and bustle of urban life. While they may lack the job opportunities and amenities found in larger cities, these quaint locales offer a more affordable cost of living, allowing residents to enjoy a simpler and more relaxed lifestyle amidst charming surroundings.
4. TIPS FOR BUDGET-FRIENDLY SPENDING IN A MONTH
- Embrace Local Markets: Immerse yourself in the bustling atmosphere of local markets, where a kaleidoscope of colors and aromas awaits. These vibrant hubs not only provide a treasure trove of fresh produce and affordable goods but also offer an authentic glimpse into Vietnamese culture.
- Public Transport: Navigate the city with ease and efficiency by making use of Vietnam’s extensive public transportation network. Whether you’re commuting to work or exploring the sights and sounds of the city, buses, trains, and trams offer a cost-effective alternative to private transportation.
- Explore Street Food: Treat your taste buds to a culinary adventure like no other by exploring Vietnam’s vibrant street food scene. From savory pho and crispy banh mi to fragrant bun cha and decadent banh xeo, the options are endless and tantalizingly affordable.
- Engage in Free Activities: From ancient temples steeped in history to lush landscapes teeming with natural beauty, Vietnam offers a plethora of free or low-cost activities waiting to be explored. Spend a day wandering through the intricate architecture of pagodas and shrines, or embark on a scenic hike through verdant forests and
- Rent Wisely: When it comes to accommodation, conducting thorough research and making informed choices can significantly impact your budget. While renting in popular tourist areas may come with a hefty price tag, exploring less frequented neighborhoods can uncover hidden gems at a fraction of the cost.
Embarking on the adventure of living in Vietnam doesn’t just promise a rich cultural experience but also opens doors to an affordable and fulfilling lifestyle.
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