What is the living index in Vietnam?

Unveiling Vietnam’s Affordable Living Oasis: A Numbeo Perspective

In the bustling realm of global living costs, Vietnam stands out as an alluring destination, beckoning expats and travelers alike with its remarkably affordable living index. As per the esteemed Numbeo database (2022), Vietnam’s cost of living stands at a favorable 37.48, placing it a commendable 89th out of 139 countries.

This impressive ranking signifies a significant improvement from its 95th position in 2021, highlighting a promising upward trend. The affordability of Vietnam stems from a combination of factors, including the country’s robust economic growth, prudent fiscal policies, and a vibrant agricultural sector.

Accommodation expenses, a substantial cost for many expats, are exceptionally reasonable in Vietnam. In Hanoi, the capital city, a one-bedroom apartment in the city center can be rented for around $250 per month, while in Ho Chi Minh City, the country’s economic hub, a similar apartment hovers around $300 per month. Utilities such as electricity, water, and gas are also relatively inexpensive, averaging around $50 per month.

Groceries are another major living expense. In Vietnam, fresh produce, meats, and dairy products are readily available at local markets and supermarkets at highly affordable prices. For instance, a kilogram of rice, a staple in Vietnamese cuisine, costs approximately $0.50, while a dozen eggs can be purchased for about $1. Dining out is equally budget-friendly, with a meal at a mid-range restaurant costing around $5-10 per person.

Transportation is another key consideration. Public transportation in Vietnam is efficient and inexpensive, with buses and trains offering a convenient and affordable way to get around. A monthly pass for unlimited rides on the Hanoi bus system costs approximately $15, while a train ticket from Hanoi to Ho Chi Minh City can be purchased for around $30.

Healthcare expenses are also comparatively lower in Vietnam. The country boasts a universal healthcare system that provides basic medical coverage to all citizens and residents. Private health insurance is available at reasonable rates, ensuring access to quality healthcare at an affordable cost.

In summary, Vietnam’s living index, as measured by Numbeo, underscores its unparalleled affordability, making it an attractive destination for those seeking a comfortable and budget-conscious lifestyle. From reasonable accommodation to affordable groceries and healthcare, Vietnam offers an exceptional balance of value and tranquility.