Cost of living in Nha Trang
Nha Trang, a coastal city in Vietnam, is known for its beautiful beaches and vibrant lifestyle. Understanding the cost of living here is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of expenses in Nha Trang, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3.44 on average, with a range between $1.38 and $7.87.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $21.64, with prices ranging from $15.74 to $23.6.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.54, with a range between $3.15 and $3.93.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.47 to $1.57, imported beer $0.98 to $1.38, cappuccino $0.59 to $2.95, and Coke/Pepsi $0.35 to $0.98.
Grocery Prices
- Milk - Milk is priced between $1.18 and $1.65 per liter, averaging $1.43.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.43 and $0.62, with an average price of $0.6.
- Eggs (Dozen) - A dozen eggs range from $1.13 to $2.55, averaging $1.52.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.18 to $1.38 per kg, while oranges average $0.47 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.59 and $0.79 per kg.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.08 and $0.31.
- Fuel (Gasoline) - Gasoline is priced between $0.9 and $0.98 per liter.
- Taxi Fares - Taxi fares start at $0.49, with a cost of $0.59 to $0.75 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $295.05 to $590.1, averaging $421.5.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $196.7 to $393.4, averaging $254.77.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $590.1 to $983.5, averaging $737.63.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $295.05 to $786.8, averaging $447.49.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $632.2 to $1967, averaging $1390.93.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $983.5.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $59.01 and $83.6, averaging $68.35.
- Internet - Internet services range from $7.47 to $12.79, with an average cost of $9.56.
Cost of Living Rankings
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
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"Key Takeaways"
Nha Trang offers a relatively low cost of living compared to many Western cities, making it an attractive destination for expatriates and retirees.
Dining out is affordable, with inexpensive meals available for just a few dollars.
Housing is reasonably priced, especially outside the city centre, providing good value for money.
Transportation costs are minimal, with cheap public transport and affordable taxi fares.
Conclusion
In conclusion, Nha Trang presents a cost-effective living environment with affordable dining, housing, and transportation options.
Whether you're considering a move or planning a visit, understanding these costs can help you budget effectively and enjoy all that this vibrant city has to offer.