Cost of Living in Vietnam VS Thailand 2024

Are you in two minds about choosing between Vietnam and Thailand for your next Southeast Asian adventure? Both offer stunning landscapes, vibrant cultures, and delicious cuisine. Based on recent data, everyday expenses in Vietnam are 17.8% lower than Thailand (excluding rent). So, which country offers a more budget-friendly lifestyle? Let's break down the cost of living in Vietnam and Thailand across various categories in 2024 to help you decide your next “home”.

>> See more detailed information about cost of living in Vietnam 2024: Cost of living in Hanoi ; Cost of living in Ho Chi Minh City

1. Accommodation

Finding a place to call home is a significant expense. Here's a cost comparison:

• Vietnam:
  • Studio apartment in city center: $300-$500/month
  • One-bedroom apartment outside city center: $200-$350/month
  • Private room in a shared house: $150-$250/month
• Thailand:
  • Studio apartment in city center: $400-$600/month
  • One-bedroom apartment outside city center: $300-$450/month
  • Private room in a shared house: $200-$300/month

The verdict: Vietnam offers a slight edge in terms of rental affordability, especially for smaller apartments and shared accommodations.

2. Monthly Utilities

Beyond rent, consider these monthly expenses:

• Electricity: Both countries average around $30-$50/month, depending on usage and air conditioning habits.
• Water: Vietnam: $3-$8/month; Thailand: $5-$10/month.
• Household Furniture: This is a one-time cost. You can find used furniture relatively cheap in both countries (around $100-$200 for basic needs).
• Wifi: Similar pricing in both: $15-$25/month for basic packages.
• SIM Card: Vietnam: $5-$15 with data packages; Thailand: $10-$20 with data packages.

The verdict: Costs are quite similar here, with a slight advantage to Vietnam for water.

3. Transportation

Getting around can significantly impact your budget:

• Public Transportation:
  • Buses (local): Vietnam: $0.30-$0.80 per ride; Thailand: $0.50-$1 per ride.
  • Taxis (metered): Vietnam: $0.50-$0.80 per km; Thailand: $0.75-$1 per km.
  • Trains: Both offer affordable options, with Vietnam having a slightly more extensive network.
• Motorbikes: Renting a motorbike is a popular choice. Costs are similar in both countries: $50-$100/month for a basic scooter. Gas prices are also comparable (around $4-$5 per liter).

The verdict: Vietnam edges out Thailand with slightly cheaper local buses and taxis. However, motorbike rentals and gas are comparable.

4. Eating

Food is a highlight in both countries, but costs can differ:

• Street Food: Vietnam: $1-$4 per meal; Thailand: $2-$5 per meal.
• Local Restaurants: Vietnam: $3-$8 per meal; Thailand: $5-$10 per meal.
• Western Restaurants: Similar pricing in both: $10-$20 per meal.
• Groceries: Fruits and vegetables are generally cheaper in Vietnam, while imported items might be slightly more expensive. Overall, expect to spend $50-$100/week on groceries in both countries.

The verdict: Vietnam offers a clear advantage for budget-conscious foodies, with cheaper street food and local restaurants.

5. Sports & Activities

Leisure activities can vary in cost:

• Gym Memberships: Vietnam: $15-$30/month; Thailand: $20-$40/month.
• Yoga Classes: Both: $5-$10 per class.
• Adventure Activities: Prices depend on the activity. However, both offer competitive options, with Vietnam potentially having a slight edge due to lower tourism impact on prices in some areas.

The verdict: Costs are fairly similar, with Vietnam offering a slight advantage for gym memberships.

6. Is it Cheaper to Live in Thailand or Vietnam?

Based on our breakdown, Vietnam emerges as the more budget-friendly option. Here's a rough estimate of monthly living costs for a single person:

• Vietnam: $1,000-$1,500/month
• Thailand: $1,200-$1,800/month

However, the cost of living can vary significantly depending on your lifestyle, location (major cities are always more expensive), and spending habits. Here are some additional factors to consider:

• Visas: Thailand offers a wider variety of visa options, some with a lower cost of entry compared to Vietnam. However, long-term stays in Vietnam might be more affordable in the long run.
• Entertainment: Nightlife and tourist attractions can be pricier in Thailand, especially in popular destinations. While Vietnam offers exciting nightlife too, it tends to be less expensive.
• Shopping: Both countries offer great shopping experiences. However, imported goods and luxury items are generally more expensive in Vietnam.

7. Conclusion

Ultimately, the "cheaper" country depends on your priorities. Here's a quick comparison:

Choose Vietnam if:

• You're on a tight budget and want to stretch your dollar further on everyday expenses.
• You prefer a more local and authentic experience with cheaper street food and restaurants.
• You're interested in exploring off-the-beaten-path destinations with potentially lower tourist pricing.

Choose Thailand if:

• You prioritize a wider variety of visa options.
• You enjoy a vibrant nightlife scene and well-developed tourist infrastructure.
• You don't mind spending a bit more on imported goods and entertainment.

Ultimately, both Vietnam and Thailand offer an incredible Southeast Asian experience. By considering your budget and lifestyle preferences, you can make an informed decision and find the perfect place to call home, or your exciting travel base, in Southeast Asia. Remember, utilize the additional tips provided to maximize your affordability and truly immerse yourself in the local culture – no matter which country you choose!

Additional Tips:

• Do your research: Look for specific costs related to your desired location and lifestyle.
• Consider negotiating: Renting an apartment or motorbike often involves some negotiation, especially outside major cities.
• Learn some basic phrases in the local language: This can help you avoid tourist prices and connect with locals.
• Embrace the local way of life: Cooking your own meals and exploring local markets can significantly reduce your living costs.

>> To expand your job opportunities in Vietnam: How to Get a Teaching Job in Vietnam 2024