Wherever you might be looking into moving, the cost of living is one of the first things that you should look at. I remember when I was making my last few steps in deciding to move to Vietnam, I went to various sites to look at how it compared to my home country. Knowing the cost of living in a place is not just useful in making sure you have enough for the first few weeks you are there but also in making sure the salary you will earn is enough.
As a Southeast Asian country, Vietnam is quite cheap compared to Western countries. Your money from home will for sure go a long way here. Lots of remote workers purposely choose to live in Vietnam for this reason specifically among others. Note that no matter how cheap a place is, if you do not control your expenses you might still end up spending as much as you would back home.
You should also note that the cost of living may differ from city to city. Bigger and more known ones like Ha Noi and Ho Chi Minh are naturally more expensive to live in compared to a smaller town. Given this, I will try to give you an average price to conserve accuracy and I also included an average cost of living per major city. Below you will see a breakdown of costs for the most common expenses you will have while you are there.
Your apartment whether its flat-sharing or your own studio/1 bedroom would be the biggest cost you will have every month. The great thing about the main cities in Vietnam is that it will usually have everything you would be looking for. You are spoiled for choices, from cheaper rooms in a local area to a five-star condominium similar to what you can have at home.
The cost really depends on your preferences. If you are not too picky and would be willing to settle for very basic accommodations, you can rent a very nice room for as low as $200.00. You can easily find people looking for new flatmates on various facebook groups. This is also a good way for you to have your first social circle when you move. If you want more privacy and prefer somewhere with a swimming pool and a gym, then you should be prepared to pay as much as $1,000.00.
Most of the time, electricity is included to the rent. Other services may also be included like water and a lot of places also has cleaning ladies who keep the house clean. However, you should take note that electricity bills are usually around 3,000-4,500 VND per KW. Make sure that you are not paying more than this.
The food in Vietnam is so cheap. You can definitely get a meal for around $1.00. You also have various choices and the supermarket has a lot of choices for those who want to cook.
Personally, I usually do not cook that much. It’s not because I am not fond of it but it’s generally because the cost is not that much different if you eat out, especially since I lived alone. As I have mentioned, eating out can cost as low as $1-$2 in the shacks on the street. I know that a lot of expats, specifically those that come from the west, are a bit iffy about the sanitation of these places but I have not had any problems as of yet. If you want to eat at fast food chains, meals can be anywhere from $2-$4. Sit down restaurants with Western cuisine starts from $6.
For those who would like to cook their own food, you can expect to shell out anywhere from $1-$3 per meal. Cooking in bigger batches and storing them for the future is also a way for you to save more time and money. If you want to save as much as possible on food, rice, pasta, and vegetables are the cheapest things in the market.
The usual transportation in most Vietnamese cities are motorbikes, you can easily rent a motorbike in various places in most major cities. Renting a bike per month can be as cheap as $40 with deposits starting from $200. Oil is not expensive at all so the monthly price for your bike would not be so high. If you are staying in the city for a longer period of time or if you would rather have your own bike, you can get a second-hand bike from $250-$350. It would also not be so hard to resell it in case you will be leaving already.
If you are not so comfortable with driving your own bike, there are other options. There are normal metered taxis you can flag down in the street. There are also ride-sharing apps like Uber and Grab. The great thing about Vietnam is that your ride-sharing options are not limited to cars, you can also hop on a motorbike to beat that traffic.
Now, you would not be staying in the city all the time (well at least I hope not). There is so much to explore within Vietnam and neighboring countries are also not so expensive to reach. A bus to another town can cost anywhere from $7. You can also ride a bus to neighboring Phnom Penh, Cambodia for as low as $10 (this is the cheapest bus so do not expect so much when it comes to comfort). Buses can also take you to Thailand for $35-$40.
If you are like me and sitting for long periods of time is not your thing, then budget airlines are your friend. I once booked a flight from Ho Chi Minh to Nha Tang for only $20 round trip. While international flights could be a bit pricier, they still would usually not be more than $50-$100.
The great thing about our world today is that no matter how far you are from your loved ones, you can never really feel completely absent. With the various social media apps and sites which allow us to chat, call, and video call our loved ones back home, you will for sure be updated on what is happening to their lives. It would, of course, be hard to stay updated if you do not have internet or a mobile phone plan. Good thing that in Vietnam internet and mobile plans are easy, cheap, and very efficient.
Choosing the company you will subscribe to depends on what you need in your plan. Take note that plan prices in Vietnam are controlled by the government so there is not that much different from one brand to the nest. What may be different is the amount of data you can get and the service (especially in smaller towns).
Personally, I did not get a subscription to any brand. I just got a data sim card and I re-loaded it whenever necessary. You can find the different promotion codes for each provider online. Generally, you should expect to pay 10,000 VND (0.43 USD) for 50 MB to up to 500,000 VND for 30 GB (22 USD).
As for internet subscriptions, most flats and flatshares would already have this included. But if the place you’re renting doesn’t, the price would be around 300,000 VND/ month (approximately USD). Internet speeds in the major cities in Vietnam are around. It is also quite reliable and rarely breaks down unlike in other neighboring Southeast Asian countries.
No matter how conscious you are of your budget you should always have time for different kinds of entertainment and activities. After all, Vietnam is known for its amazing social scene. From night outs to gym memberships, there are a lot of choices for various budgets.
Vietnam is probably one of the countries that I have been to with the cheapest beers. Admittedly, I was not much of a beer drinker before living there, but once I had my first bottle at Bui Vien Street I could not really rationalize getting a more expensive drink. A bottle of beer at the grocery store is around 0.50 USD while you’ll pay 2-3 USD in bars and clubs.
If beers are not your thing, most bars have a lot of choices especially those that are in more touristic locations. You can get cocktails from 3 USD and hard liquor from 2 USD per shot. Wine bottles in supermarkets cost 5 USD for local ones and from 10USD for imported ones. Bars and clubs also carry wine for 4 USD per glass.
Ha Noi and Ho Chi Minh Cities are as metropolitan as most western cities so it should not come as a surprise that there are a lot of gyms and fitness clubs which are popping up. You can also do your favorite sports like basketball, football, and golf at key areas in the city. Below is a table which shows the average for each of the activity.
|Gym Membership (per month)||30 USD – 200 USD|
|Yoga (per class)||Starting from 6 USD|
|Boxing/Muay Thai (Per Day/Class)||10 USD – 22 USD|
|Golf||From 6 USD|
There are a lot of malls and other activity areas around the major areas. This means that you can have a lot of activities in the city. You can watch a movie with 4 USD and up. As for museums, you should expect to not pay from 20,000 VND.
Cost of Living Per City
Like in any country, the prices in Vietnam may differ from city to city. Below are the top cities in Vietnam and the average cost of living you should expect for each.
The cost of living in Ha Noi is a bit higher than most places in Vietnam. Expats who have lived there have also reported seeing an inflation on prices compared the past few years. This rise in price can be due to the increase of expats as well as the improvement of Vietnam’s economy.
But do not be worried, these price hikes are not as bad as you think and you can still live comfortably. On average you should expect to live anywhere from 600 USD to 900 USD per month. This can, of course, get higher depending on your preferences.
Ho Chi Minh
Ho Chi Minh is another expat favorite. It is more modern than Ha Noi and the weather here is on the more tropical side. Cost of living in HCMC is also a bit higher, with expats reporting to live from 700 USD to as much as 1,300 USD per month. However, keep in mind that a big chunk of all expenses go to accommodation so if you keep that low you can live for even lower.
Hoi An is known for its beautiful lights at night and has a more calm and local vibe compared to the two big cities I have mentioned. Since expats and remote workers are just starting to move here, the prices are also not as high. You can get accommodations for as low as 300 USD and the food is also cheap. So if you do not spend so much on miscellaneous activities you can expect to spend as low as 550 USD. However, most expats report spending 1,200 USD per month for two people. You should not expect to spend more than 800 USD per month in Hoi An.
Nha Trang is another smaller town has been receiving traction from foreigners. As a coastal town, this is perfect for those who would love to live close to the beach. As a top tourist destination, some places can be a bit more expensive but as long as you keep it local you will surely be able to live on the cheap side. On average you should expect to spend from 400 USD per month.
Final Notes – Cost of Living a cheap life in Vietnam
The cost of living in Vietnam is certainly cheaper than western countries but costs can easily go up if you do not watch how you spend. In the end, all these numbers mentioned are just guides. It boils down on what kind of lifestyle you live.
Hopefully, this will help you to know whether or not you are spending too much and can also steer newcomers away from scams. If you want to know more about living in Vietnam you can read more of the articles on our site.