What is the cost of living in Vietnam per month?

Cost of Living in Vietnam: A Guide to Affordable Living

Vietnam has emerged as an increasingly popular destination for expats and travelers seeking an affordable and vibrant lifestyle. With its rich culture, stunning landscapes, and low cost of living, Vietnam offers a compelling choice for those looking to stretch their budget without compromising on quality.

Monthly Costs for a Single Individual

Excluding accommodation costs, a single individual can expect to incur monthly expenses averaging around $456. This includes essential outgoings such as food, transportation, utilities, and healthcare.

• Food: Groceries and dining out in Vietnam are highly affordable. A typical monthly food budget for a single person ranges from $150 to $250.
• Transportation: Public transportation, such as buses and trains, is widely available and inexpensive. For urban dwellers, monthly transportation costs hover around $30 to $50.
• Utilities: Electricity, water, and garbage disposal expenses combined typically average around $50 to $70 per month.
• Healthcare: Basic healthcare services in Vietnam are relatively inexpensive. Monthly health insurance premiums can cost around $20 to $40.

Monthly Costs for a Family of Four

For a family of four, the monthly living expenses excluding accommodation are estimated at approximately $1608.

• Food: Groceries and dining out for a family of four typically range from $400 to $600 per month.
• Transportation: As with individuals, public transportation remains an affordable option for families. Monthly transportation costs may come in around $60 to $100.
• Utilities: A family’s utility expenses are naturally higher than those of a single person, averaging around $70 to $120 per month.
• Education: The cost of private education in Vietnam varies significantly. However, public schools are generally affordable, with monthly tuition fees ranging from $50 to $150 per child.
• Childcare: Childcare expenses in Vietnam are relatively low. A full-time nanny or daycare can cost around $200 to $400 per month.

Accommodation Costs

Accommodation costs in Vietnam vary depending on location and the type of housing. In major cities like Ho Chi Minh City and Hanoi, rent for a one-bedroom apartment can range from $300 to $600 per month. In smaller cities and rural areas, rents are typically much lower.

Conclusion

Vietnam offers a remarkably affordable lifestyle compared to many Western nations. With monthly expenses excluding accommodation averaging around $456 for individuals and $1608 for families of four, Vietnam presents a compelling choice for those seeking a comfortable and budget-conscious living experience. Its affordable healthcare, transportation, and food options make Vietnam an attractive destination for expats, travelers, and anyone looking to live comfortably without breaking the bank.