Cost of living in Phan Thiet
Phan Thiet, a coastal city in Vietnam, is known for its beautiful beaches and vibrant culture. Understanding the cost of living here is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of expenses in Phan Thiet, 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 $2.66 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 $25.57.
- 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 $2.75, 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 $1.28.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.39 and $0.62, with an average price of $0.39.
- Eggs (Dozen) - A dozen eggs range from $1.13 to $2.55, averaging $1.18.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.18 to $7.87 per kg, while oranges are priced at $3.93 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.59 and $0.79 per kg, and lettuce costs $0.59 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.90 and $0.98 per liter.
- Taxi Fares - Taxi fares start at $0.39, with a cost of $0.59 to $0.75 per km and $11.8 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $354.06.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $314.72.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $236.04.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $44.59 and $83.6, averaging $44.59.
- 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.
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"Key Takeaways"
Phan Thiet offers a relatively low cost of living compared to many other cities, making it an attractive option for those seeking affordability.
Dining out is particularly inexpensive, with meals at casual restaurants costing as little as $1.38.
Housing costs are also affordable, especially for larger apartments outside the city centre.
Transportation and utilities are reasonably priced, contributing to the overall affordability of living in Phan Thiet.
Conclusion
In conclusion, Phan Thiet presents a cost-effective living environment with affordable dining, housing, and transportation options.
This makes it an appealing choice for both locals and expatriates looking for a budget-friendly lifestyle in Vietnam.