Vietnam's living cost per month: Unveiling the expenses of daily life

Vietnam, known for its stunning landscapes and hospitable people, presents a wide range of living costs. Vietnam's living cost per month can vary depending on various factors such as location, accommodation, and personal preferences. On average, the basic living expenses can range from $500 to $1,000 per month.

1. How much is the cost of living per month in Vietnam?

Imagine stepping into a world where affordability meets beauty, where your hard-earned dollars stretch further than you ever thought possible. Uncovering the secrets of Vietnam's living cost per month, you will find yourself immersed in a delightful surprise.

The cost of living in Vietnam depends on which city you live in and what lifestyle you have. Below is a breakdown of the general expenses of living in Vietnam for a month, including transportation, accommodation, utilities, food, and entertainment.

According to Numbeo, Vietnam ranks 88th globally in terms of the cost of living. If you aim for a low-budget lifestyle, living on $500 per month is feasible, or even less if you practice extreme frugality. 

The above table shows monthly expenses in a smaller city, not the pricier Ho Chi Minh City. If you opt for slightly better accommodations, frequent outings, or reside in a larger city, Vietnam's living cost per month can easily reach $1,000 or more. 

At the luxury end, living in an upscale villa and indulging in exclusive dining experiences can exceed $4,000 per month.

>>> Read more: Living in Vietnam as an Expat: A comprehensive guide to life in Vietnam

2. Details of monthly living expenses in Vietnam

2.1. Cost of rent and utilities

Vietnam's living cost per month regarding rent and utilities can vary significantly, ranging from $200 to $1,000 or more per month. This cost is influenced by factors such as the type of accommodation, location, and size.

For those on a budget, options like a studio, mini loft studio, or shared apartment in small cities and towns can be found for around 3,500,000 to 4,500,000 VND ($150 to $200). However, in larger cities like Hanoi - Vietnam capital or Ho Chi Minh City, they may cost from 5,000,000 to 7,000,000 VND ($250 to $350).

If you are looking for a slightly larger apartment in an affluent neighborhood of Ho Chi Minh City, the cost can easily double or triple, ranging from $500 to $1000 per month.

2.2. Cost of rent deposits

When renting an apartment, landlords often require a deposit as a form of security. Vietnam's living cost per month regarding rent deposits can vary, depending on factors such as the location, type of accommodation, and the landlords themselves.

Typically, the deposit is equivalent to one, two, or even six months' rent. It is important to note that the deposit is refundable at the end of the tenancy, provided there are no damages or outstanding payments.

Make sure to factor in the rent deposit when planning your budget for housing in Vietnam, as it is an upfront expense that you will need to consider before securing your desired accommodation.

2.3. Cost of household electricity

Vietnam's living cost per month regarding electricity is relatively affordable. The rates are typically calculated based on the number of kilowatt hours (kWh) consumed. On average, the cost per kWh can range from 1,500 to 3,000 VND ($0.07 to $0.13). It is advisable to practice energy-saving habits to keep your electricity costs at a reasonable level.

2.4. Cost of Internet and phone services

SIM cards in Vietnam are incredibly affordable. For just $5, you can purchase a SIM card that comes with 2 GBs of mobile data. If you are looking for a monthly data plan, you can acquire 28 GBs of mobile data for just $6 (120,000 VND).

The Internet is often included in the rent of apartments in Vietnam. The cost of Internet service here is quite affordable. Most apartments and houses come equipped with pre-installed internet access that is readily available when you move in.

2.5. Cost of food and dining in Vietnam

One of the highlights of living in Vietnam is the incredibly affordable and delicious local cuisine.

• Home cooking: Opting to cook your meals in Vietnam can be incredibly cost-effective, with expenses as low as $1 or $2 per meal. Preparing vegan dishes tends to be even cheaper. Shopping for groceries at local markets is a wallet-friendly choice compared to chain supermarkets.
• Food delivery: Using food delivery apps, it is common to encounter a small delivery fee or slightly higher prices compared to dining at the restaurant in person. The most popular food delivery mobile apps in Vietnam include ShopeeFood, Baemin, Grab Food, and Go Food.
• Dining out: You can expect to pay from $1 to $2 for a dish from street vendors. In casual sit-down restaurants or fast food chains, the average cost for a meal ranges from $3 to $4. If you opt for fancier restaurants, the prices start from approximately $6 and can go higher.

2.6. Cost of transportation in Vietnam

Vietnam transport provides a wide range of affordable options, including buses, trains, taxis, and motorbikes, ensuring convenient and efficient travel throughout the country.

• Getting a motorbike: The average cost for a new motorbike can be around $1,000. Many motorbike repair shops also offer second-hand motorbikes at more affordable prices.
• Renting a motorbike: The monthly rental fee can range from $40 (1,000,000 VND) and higher, along with a deposit typically ranging from $40 to $200.
• Gas for your motorbike or car: The cost of gas for motorbikes averages around $1 per liter, approximately $10 per month based on your driving habits and mileage.
• Motorbike taxi: The fares typically start at around $0.50 and increase based on the distance and demand when booking.
• Bicycle: You can purchase a second-hand bicycle for as little as $25. Or you can opt for a new bicycle, ranging from $80 for affordable options, $120 for decent mountain bikes, to $200 or more for high-quality road bikes.
• Bus and train: Taking the bus is one of the cheapest ways to get around. Tickets cost as low as $0.25 for local buses within the city.

2.7. Prices of alcohol in Vietnam

The prices of alcohol in Vietnam can vary depending on the type and brand. Generally, local beers are quite affordable, with prices ranging from $0.50 to $1.50 per bottle in restaurants or bars. Imported beers and craft beers may cost slightly more.

When it comes to spirits, local brands are usually more budget-friendly, with prices starting around $5 per bottle. Imported spirits, wines, and specialty liquors can be pricier, often ranging from $15 to $30 or more. It is worth noting that prices can be higher in touristy areas and upscale establishments.

2.8. Other expenses

Make sure to add any other potential expenses you might have in Vietnam, like gym memberships, vacations, hair salons, massages, and so on.

>>> Learn more: Living in Vietnam as a foreigner: What you need to know to feel at ease

3. Tips for budget-friendly spending in a month to prevent overspending

To maintain a budget-friendly spending habit and avoid overspending, there are several helpful tips to keep in mind:

• Create a monthly budget: Outline your income and fixed expenses, then allocate a specific amount for variable expenses like groceries, dining out, and entertainment.
• Track your expenses: Use budgeting apps or simply jot down your expenses in a notebook.
• Cook at home: Plan your meals, make a grocery list, and shop smartly to minimize wastage.
• Prioritize value for money: Look for discounts, deals, and promotions when shopping.
• Use public transportation: Utilize buses and trains to get around instead of relying solely on taxis or ride-hailing services.
• Limit unnecessary expenses: Practice self-discipline and avoid unnecessary expenses that do not align with your priorities.
• Explore free or low-cost activities: Engage in outdoor activities or explore affordable hobbies to minimize entertainment expenses.
• Plan your travels wisely: Consider traveling during off-peak seasons to benefit from lower prices.
• Seek alternatives for expensive services: Try outdoor exercise or working out at home instead of going to gyms or spa treatments.
• Stay mindful of small expenses: Evaluate if these small indulgences, such as daily coffee or snacks, are necessary. Find alternatives or limit usage to save money.

So, ensure to spend reasonably and don't forget to allocate a budget for travel to explore new places, experience new things, relax, rejuvenate, and cultivate a positive outlook on life, gaining an additional source of positive energy. 

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Understanding Vietnam's living cost per month is crucial for anyone planning to reside in this vibrant country. By unveiling the expenses of daily life, we have shed light on the various aspects that contribute to the overall cost of living in Vietnam. Whether you are looking for a low-budget lifestyle or seeking luxury accommodations and experiences, Vietnam can accommodate your needs. 

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