16-Apr-2022 Intellasia |
The cost of living in Vietnam is currently among the cheapest compared to other countries throughout Southeast Asia, according to the newswire LivingCost.
The cost of living for a family of four in the country is estimated at be about $1,693 each month, while a single person’s estimated costs for a month are roughly $639.
The cost of living level has put Vietnam in 138th position among the 197 most expensive countries in the world.
In Southeast Asia, Singapore has the highest cost of living with a family of four estimated to have monthly costs reaching approximately $4,967, followed by Brunei, Thailand, Myanmar, and Cambodia.
However, some countries which have lower cost of living than Vietnam, are Malaysia, Philippines, and Indonesia.
Furthermore, the average monthly Vietnamese net salary after tax is enough to cover living expenses for 0.7 months.
Meanwhile, Singapore’s and Brunei’s average monthly net salary after tax is sufficient to cover living expenses for 1.8 months, the highest in the region, followed by Malaysia at 1.4 months and Thailand at 0.8 months.
Laos and Cambodia have the lowest average monthly net salary after tax to cover living expenses for 0.4 months.
LivingCost ranks countries and cities worldwide on many aspects of life, including cost of living, quality of life, traffic, and housing.
Category: Business, Vietnam
Article source: https://www.intellasia.net/vietnam-named-among-cheapest-nations-to-live-in-southeast-asia-1041368