What is the average cost of living in Vietnam?
In the Vietnam capital of Hanoi, the current monthly rent for a two-bedroom apartment is around $600. For ex-pats, this might seem like an affordable price to pay for housing in terms of US dollars. However, in USD, that equates to roughly 58 million Vietnamese dongs (VND). That means if you want to live in Hanoi, you’ll be paying approximately $600 x 24 = 17.28 million VND per year ($978).
In the Vietnam capital of Saigon (Ho Chi Minh City), the current monthly rent for a two-bedroom apartment is around $900. In USD, that amounts to roughly 41 million Vietnamese dongs (VND). That means if you want to live in Saigon, you’ll be paying approximately $900 x 24 = 21.92 million VND per year ($1274)
Other expenses come with living in Vietnam, such as electricity, water, and gas bills. Depending on how much power your house uses or what type of water you use, your monthly bills can vary.
How do I find a place to live in Vietnam?
The first thing you need to do is research the different places that are available. Many websites, such as Airbnb or Expatistan, will help you find a place to live by location and price. These sites allow for reviews from locals and other ex-pats who have lived in these locations before, so it’s an excellent way to learn about the place you are considering.
The next step will be contacting the landlord or person who owns the property and discussing any questions that may come up before signing a contract. Be sure to get all terms in writing, including deposit amount, rent payment dates/times, etc., so there are no surprises down the line.