How much does a house in Vietnam cost? (2023)
How much does a house cost to buy in Vietnam?
Home prices in Vietnam are considered very affordable compared to other property hotspots favoured by Chinese such as Bangkok. A high-end property in central Ho Chi Minh City costs USD3,000 to USD 6,000 per square meter while its equivalent in Bangkok costs around USD7,000 to USD9,000 per square meter.
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(Duong Global Business Consulting Group)
The average home in Vietnam costs approximately $4,500. Monthly rent varies, but the average cost is about $650, and this price often includes utilities.
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(What The Pho )
The Cost of Building a House in Vietnam
However, you can build a modern house in the rural at a much cheaper cost. If you want to work with estimates, you can spend around 400 million to 1 billion VND. However, much bigger houses could cost from 1.2-1.5 billion VND or more.
(Video) Buying a house in Vietnam
(Adventures in Vietnam)
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.
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(Asia Property HQ)
We have the details. The cheapest country in the world to buy a house is Turkey, with the lowest price per square metre (645.87 euros), compared with an average household disposable income of 16,058.18 euros. The affordability index stands at around 4.0%.
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An individual in Vietnam now needs a net wealth of $160,000 to join the so-called ‘1 percent club’ of the richest people in the country of 98 million. There were 19,491 people with a net worth of $1-30 million last year, down 6 percent from 2019. This number is projected to reach 25,812 in 2025.
(Video) How much does it cost to live in Vietnam? | HANOI COST OF LIVING 2023
(Limitless Nomad)
For a comfortable mid-range experience in Vietnam, it’s best to budget $60 to $100 per day for your entire costs. This gives you enough to pay for a comfortable three to four star hotel room, eat in mid-range to high-end restaurants and visit most activities and attractions.
(Video) How much does it cost to live in Vietnam in 2023?
Here is a sample cost of living in one of the larger cities (which are expat hubs). It does not include expat health insurance, which can run about $500 a year.
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Cost of Living in Vietnam: $700 to $1,400 per month.
| Expense | Cost $USD |
|---|---|
| Rent (Western-style 1-bedroom) | $400 |
| Utilities (including fast wifi) | $70 |
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Jan 1, 2023
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(Xpat TV Vietnam)
The price range for hatchbacks is 120,000 – 500,000, mid-size sedans range from 600,000 – 12,00,000 and luxury sedans range from 14,00,000 – 45,00,000. SUV’s start at 900,000 and go up to 60,00,000.
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(Pacific Trading Post)
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How much is $50 US dollars in Vietnam?
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How much money do I need to live well in Vietnam?
Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month. Many Westerners who live in Hanoi and Ho Chi Minh City get by spending around $500 per month, but it’s a no-frills lifestyle.
Vietnam – Coca-Cola – price, June 2023
| Vietnam – Coca-Cola – price, June 2023 | |
|---|---|
| VND | 7,000.000 |
| USD | 0.298 |
| EUR | 0.300 |
Prices in restaurants in Vietnam.
| Meal in a cheap restaurant | 50,000 VND (25,000-100,000) |
|---|---|
| Imported Beer (0.33 liter bottle) | 43,000 VND (25,000-80,000) |
| Coke/Pepsi (0.33 liter bottle) | 11,000 VND (9,600-20,000) |
| Water (0.33 liter bottle) | 7,000 VND (5,000-15,000) |
| Cappuccino (regular) | 39,000 VND (20,000-60,000) |
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If you are committed to the dream, there are some opportunities to start your own country. Buying islands are very real. For example, Belize offers several islands for sale, some for less than a house and as little as $200k. After getting your island, you could start your own micro-nation.
10 of the cheapest and safest places to live in the world
- Czech Republic.
- Bulgaria.
- Albania.
- Portugal.
- Costa Rica.
- Panama.
- Mexico.
- Thailand.
Tata Group, best known for making the world’s cheapest car (which costs $2,500), is taking its talents to the home-building sphere with its new Nano House.
Our rough estimate was a budget of around US$ 3,000 (total for 2 people) for 30 days. That worked out at US$ 50 per day per person, which is a comfortable amount for Vietnam and would allow us room for the occasional splurge. We break down our travel expenses into the following categories: Flights.
If you plan to fund your retirement on only Social Security or a small pension, your monthly budget will go far here. Many expats live comfortably in Vietnam on less than $1200 per month. Regardless if your tastes are modest or luxury, your living costs are less than what you would spend in a MCOL city in the US.
What is the average monthly income in Vietnam?
In the fourth quarter of 2023, paid workers and employees in rural Vietnam earned on average around 6.2 million Vietnamese dong per month.
The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.
Overall, the cost of living in Vietnam is lower than Thailand, even in a major city such as Ho Chi Minh City. As an expat, you can expect to pay about 20 to 30% less than you would in Thailand, although not everything will be more affordable.
Vietnam has become increasingly popular as an expat destination in recent years and it is now recognized as a safe place for foreigners to live and work. Expats are attracted by the nice weather, low cost of living, lively culture and the steady improvements in Vietnam’s infrastructure.
The U.S. dollar will go far in these 20 international cities
| Location | Currency Exchange | Average Cost of Daily Expenses |
|---|---|---|
| Siem Reap, Cambodia | 1 USD = 4,036.60 KHR | $32 |
| Delhi, India | 1 USD = 67.8842 INR | $35 |
| Valparaiso, Chile | 1 USD = 640.110 CLP | $36 |
| Ho Chi Minh City, Vietnam | 1 USD = 22,871.67 VND | $47 |
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