Low expense

According to iPrice, based on Numbeo data - one of the world’s largest database, contributed by data users, the amount of money to maintain the stable life includes cost of living, accommodation, transportation, and other utilities for one person in Ho Chi Minh city which is only about 816 USD (approximately 18.8 million VND).

Ho Chi Minh City is a destination for many tourists because of its culinary diversity, hospitable natives and historical architectural works. In addition, the largest city in Vietnam is also the choice of many people when looking for job opportunities.

Singapore is the city with the most expensive cost of living in the region, with 57 million VND ($2,467), followed by Bangkok (Thailand), Manila (Philippines), Jakarta (Indonesia).

Thus, the living cost in HCMC is lower than Singapore, Bangkok, Manila, Jakarta by 202%, 30%, 28% and 4% respectively.

Kuala Lumpur is the cheapest destination with an average monthly cost of 789 USD (about 18.2 million), not much different from Ho Chi Minh City.

The report also shows that the rent in Ho Chi Minh City is only a quarter of that in Singapore. The rental fee for a one-bedroom apartment in the central area of ​​Ho Chi Minh City costs about 8 million VND (346 USD), outside the center costs about 5 million VND (216 USD).

High rental price

Although the living standard is almost the same as in Kuala Lumpur, the average cost of renting a one-bedroom apartment in the central area of Ho Chi Minh City is 16% higher than Kuala Lumpur.

One of the potential solutions that Ho Chi Minh residents does to reduce the cost is to rent only a room or to share a house with roommates.

With the population of more than 9 million people and about 60,000 expats residing in Ho Chi Minh City, the cost of living is something most people are concerned about.

According to iPrice, balancing living needs and income will help people in Ho Chi Minh City enjoy a more comfortable life, especially in the period when everything has to “tighten up” because of the global epidemic.

Source: Vietnamnet.vn

https://vietnamnet.vn/vn/kinh-doanh/dau-tu/tp-hcm-co-chi-phi-sinh-hoat-re-nhat-dong-nam-a-731382.html