Vietnam Living Cost Per Month in 2024: A Full Breakdown

Vietnam is quickly becoming a favorite spot for expats, digital nomads, and travelers, thanks to its rich culture, breathtaking landscapes, and, most importantly, its affordable cost of living. 

If you’re thinking about moving or staying for an extended period in this vibrant country, it’s important to understand the Vietnam living cost per month in major cities.

Whether you’re planning to explore the bustling streets of Hanoi or enjoy the lively atmosphere of Ho Chi Minh City, knowing what to budget for can make your experience much smoother and more enjoyable.

What’s It Like to Live in Vietnam

Vietnam is famous for providing a great quality of life at a very affordable price. As of 2022, living costs per month in Vietnam are about 42.8% lower than in the UK and 63.5% lower than in the US. This figure takes into account various monthly expenses, including rent.

Expats can also expect to earn a decent salary, especially in the growing tech and service sectors, with the average expat salary around $78,000 or £55,000. This combination of low living costs and good salaries allows most expats to enjoy a comfortable lifestyle.

Vietnam is rapidly modernizing, with major economic hubs in Hanoi and Ho Chi Minh City (Saigon), both of which attract significant foreign investment. The country has experienced consistent economic growth since 1990 and is projected to be among the top 10 economies in the world by 2050.

Now is an excellent time to consider moving to Vietnam, as it offers the chance to benefit from economic growth, competitive salaries, and a low living cost per month

Average Vietnam Living Cost per Month 

To help you visualize the living cost per month in Vietnam, here is how much you can expect to pay for everyday essentials:

Cost of Living in Vietnam Breakdown

Average apartment cost in Vietnam

As an expat in Vietnam, you’ll likely want to settle in one of the major cities like Ho Chi Minh City (often called Saigon), Hanoi, or Da Nang. These cities are popular among expats for their modern living standards and affordable costs, along with vibrant expat communities that can help you adjust. 

While living in the countryside can be cheaper, it often comes with fewer amenities and services. Let’s take a closer look at average apartment costs in Vietnam.

Average Rent in Ho Chi Minh City (Saigon)

The rent for apartments in Saigon varies significantly based on the neighborhood and the apartment’s quality. 

You can find very affordable options, especially at the lower end of the market, while even upscale apartments in desirable areas like Thao Dien remain accessible for many expats. 

Here’s a breakdown of average rent costs:

Average Rent in Hanoi

Hanoi, the capital of Vietnam, is a hub for business and culture. Renting in Hanoi tends to be slightly more expensive than in Ho Chi Minh City, but there are still plenty of affordable options available for expats, especially in the lower price range. 

The city also features many high-end, furnished apartments aimed at expats, allowing for a comfortable lifestyle without breaking the bank. 

Here’s what you can expect for rent:

Renting in Vietnam can be quite affordable, especially if you consider coliving options like The Sentry L. This trend allows expats to enjoy a comfortable living experience while sharing communal spaces with others. 

Transportation

Motorbikes are the most popular way to get around, especially in busy cities where traffic can be heavy. If you decide to rent a motorbike, you can expect to spend about $50 a month, which covers both the rental fee and gas.

If you plan to drive, keep in mind that international driver’s licenses aren’t accepted in Vietnam. You’ll need to get a Vietnamese driver’s license, which involves passing a written test and a driving exam, so it might take some time to sort out.

For those who prefer public transportation, cities like Ho Chi Minh City and Hanoi have decent bus networks. 

A single bus ticket costs between 5,000 and 10,000 VND (around $0.20 to $0.40), and you can buy a monthly pass for about 200,000 VND ($8.50). Taxis are also easy to find, with a base fare of around 10,000 VND ($0.40) and a charge of about 12,000 to 15,000 VND ($0.50 to $0.65) per kilometer. 

If you need a ride for longer distances, ridesharing apps like Grab are a convenient and affordable option.

Utilities and Internet

Let’s take a closer look at what you can expect to pay for utilities:

Living costs in Vietnam, especially for electricity, are quite affordable, however, it can add up, especially if you use air conditioning frequently. Your electricity bill is based on how much you use, measured in kilowatt hours (kWh). On average, the cost per kWh ranges from 1,500 to 3,000 VND, which is about $0.07 to $0.13.

When it comes to mobile services, SIM cards in Vietnam are super cheap. You can get a SIM card for just $5, and it usually comes with 2 GB of mobile data. If you need more data, a monthly plan with 2 GB costs only $4.

As for the internet, it’s often included in the rent for apartments in Vietnam, which is a great perk. Most places come with the internet already set up, so you can start using it as soon as you move in. 

Food and Dining

When it comes to food and dining in Vietnam, you’ll find that it’s incredibly affordable and diverse. Whether you prefer eating out or cooking at home, there are plenty of budget-friendly options to satisfy your cravings. 

Eating out is a delight in Vietnam, with a wide range of options to choose from:

• Street food and casual eateries: Popular dishes like pho, banh mi, and com tam cost between $0.5 and $3 per meal. 
• Casual restaurants: Meals at these establishments range from $2 to $5 per person, often including drinks. 
• Mid-range restaurants: Dining at these places will cost you about $8.50 to $17 per meal, offering a more upscale dining experience.

For those who prefer cooking at home, grocery shopping in Vietnam is also quite affordable:

• A dozen eggs cost around $1.5.
• A kilogram of rice is priced at approximately $0.45.
• A whole chicken is about $3 to $3.5 per kg.

• Pork and other meats are typically around $4 per kg.
• Common vegetables and other ingredients remain budget-friendly.

To maintain a balanced diet and enjoy the occasional meal out, a single person might spend around $200 to $250 on food per month in Vietnam. This allows for a mix of home-cooked meals and dining out, ensuring you can savor the delicious cuisine without worrying about the cost.

Healthcare

Vietnam’s healthcare system consists of both public hospitals and private clinics, catering to a wide range of needs. While public healthcare is available and generally affordable, many expats and wealthier locals prefer private hospitals due to their higher standards of care.

Consultation fees at private clinics typically range from approximately $40 to $70, depending on the physician’s expertise. For specialized consultations, costs can rise to between around $45 to $75, with international clinics charging even more. 

Public healthcare services are much cheaper, with general consultations costing about $5.50. However, the quality of care may not be as high as in private facilities, and there is often a language barrier, as not all staff speak English.

Lifestyle and Entertainment

Vietnam offers a variety of affordable entertainment and leisure activities, making it easy to enjoy your free time without spending a lot. Here’s a quick overview of what you can expect:

• Cinema tickets: Range from $3 to $6, depending on the location and time.
• Gym memberships: Typically cost between $15 and $30 per month.
• Nightclubs and bars: Entry fees are often around $5, with drinks costing about $2 to $5.
• Local attractions: Entrance fees to museums and cultural sites usually range from $1 to $5.
• Outdoor activities: Parks and recreational areas are often free or have minimal entry fees, making them great options for leisure.

With such a variety of low-cost options, enjoying entertainment and leisure activities in Vietnam is both accessible and enjoyable.

Tips to Minimize Living Costs

1. Living outside the city center can save a significant amount on rent. Explore neighborhoods that are well-connected to public transport to maintain easy access to the city.
2. Eating at local eateries instead of international restaurants can drastically reduce food costs. Street food is not only cheap but also offers an authentic taste of Vietnamese culture.
3. Opt for public buses or motorbike taxis instead of owning a vehicle. This can save money on maintenance, insurance, and fuel.
4. Purchase groceries and household items from local markets instead of supermarkets. This often results in lower prices and fresher products.
5. While it can be tempting to indulge in luxury items or experiences, focusing on local alternatives can help keep your budget in check.
6. When renting, especially in a shared apartment, don’t hesitate to negotiate the price with landlords. Many are open to discussions, especially for longer leases.
7. Take advantage of free events, parks, and cultural festivals. Vietnam has a rich cultural scene that can be enjoyed without spending much.
8. Sharing an apartment or house can significantly reduce rent and utility costs. Look for roommates through local expat communities or social media groups.
9. Investing in health through a balanced diet and regular exercise can prevent costly medical bills. Vietnam has affordable healthcare, but maintaining good health is always more economical.
10. If you’re staying long-term, be mindful of visa requirements and plan your visa runs to minimize travel costs.

Experience Vietnam with The Sentry L

If you want to dive into Vietnam’s lively culture while enjoying comfort and convenience, The Sentry L is the perfect place for you. Located right in the heart of Ho Chi Minh City, The Sentry L combines coworking and coliving spaces, making it ideal for digital nomads, professionals, and creatives. 

Picture starting your day with a delicious cup of Vietnamese coffee from a nearby café, working in a motivating environment surrounded by like-minded people, and exploring the city’s unique culture — all while feeling at home.

At The Sentry L, you’re not just renting a room; you’re joining a community. Whether you’re here for a few months or planning a longer stay, The Sentry L offers modern, fully-furnished apartments and workspaces that cater to your needs. 

With flexible rental options, high-speed internet, and access to local experiences, you’ll have everything you need to balance work, play, and relaxation.

Experience Vietnam with The Sentry L – where community meets comfort in one of Southeast Asia’s most exciting cities.