Cost of living in Hanoi
Hanoi, the vibrant capital of Vietnam, is known for its rich history, bustling streets, and cultural landmarks. Understanding the cost of living in Hanoi is crucial for anyone considering moving to or visiting this dynamic city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $1.97 on average, with a range between $1.38 and $3.93.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $25.57, with prices ranging from $19.67 to $59.01.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.15, with a range between $3.74 and $5.9.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.59 to $1.97, imported beer $1.18 to $2.75, cappuccino $0.98 to $2.95, and Coke/Pepsi $0.35 to $0.79.
Grocery Prices
- Milk - Milk is priced between $1.18 and $1.81 per liter, averaging $1.39.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.39 and $1.97, with an average price of $1.02.
- Eggs (Dozen) - A dozen eggs range from $0.94 to $2.36, averaging $1.58.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.57 to $5.11 per kg, while oranges range from $0.87 to $3.93 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.59 and $1.57 per kg, and lettuce costs $0.31 to $1.57 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.28 and $0.39, with a monthly pass priced between $5.9 and $11.8.
- Fuel (Gasoline) - Gasoline is priced between $0.83 and $0.98 per liter.
- Taxi Fares - Taxi fares start at $0.47, with a cost of $0.49 to $0.79 per km and $1.18 to $11.8 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $196.7 to $550.76, averaging $336.82.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $118.02 to $393.4, averaging $238.01.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $590.1 to $1376.9, averaging $838.73.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $393.4 to $983.5, averaging $611.46.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2281.72 to $4720.8, averaging $2856.29.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1180.2 to $2163.7, averaging $1583.95.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $41.8 and $157.36, averaging $75.8.
- Internet - Internet services range from $7.87 to $11.8, with an average cost of $8.96.
Cost of Living Rankings
Hanoi ranks 2nd on the Cost of Living rankings in Vietnam. The cost of living indices for Vietnam are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Vietnam, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Hanoi offers a relatively low cost of living compared to many Western cities, making it an attractive destination for expatriates and travelers.
Dining out is affordable, with inexpensive meals available for under $2, while housing costs are also reasonable, especially outside the city centre.
Transportation is economical, with public transport and fuel prices being quite low, allowing for budget-friendly commuting options.
Conclusion
In conclusion, Hanoi presents a cost-effective living environment with affordable dining, housing, and transportation options.
Whether you're planning a short visit or a long-term stay, understanding these costs will help you manage your budget and enjoy all that this vibrant city has to offer.