Hanoi – a bustling city with typical ancient features associated with the glorious history of the Vietnamese people. Are you attracted by Hanoi city? Do you want to go to Hanoi? Or having trouble finding information about the cost of living in Hanoi? Let’s explore this topic with VTJ through this article!
Average cost of living and living expenses in Hanoi, Vietnam
Overview of Hanoi
Hanoi is Vietnam’s major cultural, political, commercial, and tourism hub. With a thousand-year history, Hanoi has become a popular global destination. The city has over 4,000 monuments and stunning landscapes, including over 900 nationally listed treasures, a large-scale museum system, and distinctive architectural works.
The area of Hanoi has increased to 3,359.82 km², making it one of the world’s 17 biggest capitals. Hanoi’s climate is characterized by a humid tropical monsoon, allowing visitors to experience all four seasons of the year with diverse scenery and lifestyles. The best seasons to visit Hanoi are fall (August to November) and spring (March to April). Autumn is regarded as the most beautiful season, with brilliant blue skies, pleasant breezes, falling golden leaves, and the delicate aroma of milk flowers.
Average cost of living expenses in Hanoi
The average cost of living is of interest to most people. More specifically, Hanoi is the capital of Vietnam. Therefore, there will certainly be many people who are curious and wonder.
Average monthly salary
The average monthly net salary (after tax) in Hanoi is 12,518,225.43 VND. This is the average amount that you can earn in this city. In some cases, if you are better, you can earn 2 or 3 times more than this amount.
Rent of a room/apartment
With room rent or boarding house rent, depending on the area you plan to rent, there will be different prices. You can refer to:
- Apartment (1 bedroom) in the City Center: from 5,000,000.00VND to 14,000,000.00VND
- Apartment (1 bedroom) Outside the Center: from 3,000,000.00VND to 10,000,000.00VND
- Apartment (3 bedrooms) in the City Center: from 15,000,000.00VND to 35,000,000.00VND
- Apartment (3 bedrooms) Outside the Center: from 10,000,000.00VND to 25,000,000.00VND
For those looking to purchase an apartment, prices are also quite high:
- The price per square meter to buy an apartment in the city center is from 50,000,000.00VND to 150,000,000.00VND
- The price per square meter to buy an apartment outside the center is from 30,000,000.00VND to 50,000,000.00VND
The above prices may fluctuate depending on the surrounding facilities and amenities.
Read more: Cost of living in Ho Chi Minh city, Vietnam
Food expenses
Food prices can fluctuate due to various factors, making it difficult to provide exact figures. But in general, you can refer to the following table of average food costs:
| Name | Average (Unit: VND) |
| Milk (regular), (1 liter) | 34,888.89 VND |
| Loaf of Fresh White Bread (500g) | 25,793.08 VND |
| Rice (white), (1kg) | 22,877.08 VND |
| Eggs (regular) (12) | 42,156.52 VND |
| Local Cheese (1kg) | 251,076.92 VND |
| Chicken Fillets (1kg) | 251,076.92 VND |
| Chicken Fillets (1kg) | 90,277.78 VND |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | 254,583.33 VND |
| Apples (1kg) | 90,544.27 VND |
| Banana (1kg) | 25,384.62 VND |
| Oranges (1kg) | 44,076.92 VND |
| Tomato (1kg) | 26,666.67 VND |
| Onion (1kg) | 29,230.77 VND |
| Lettuce (1 head) | 17,583.33 VND |
| Water (1.5 liter bottle) | 13,188.49 VND |
| Bottle of Wine (Mid-Range) | 300,000.00 VND |
| Domestic Beer (0.5 liter bottle) | 20,053.39 VND |
| Imported Beer (0.33 liter bottle) | 38,000.00 VND |
| Cigarettes 20 Pack (Marlboro) | 35,000.00 VND |
Read more: 12+ Spots to Get BEST Banh Mi in Hanoi, Vietnam (Updated 2024)
Transportation
Transportation is essential for people to move around and conduct their daily activities. With the capital Hanoi, you can refer to the average price to buy or use public transportation such as:
| Name | Average (Unit: VND) |
| One-way Ticket (Local Transport) | 8,000.00 VND |
| Monthly Pass (Regular Price) | 200,000.00 VND |
| Taxi Start (Normal Tariff) | 15,500.00 VND |
| Taxi 1km (Normal Tariff) | 15,000.00 VND |
| Taxi 1 hour Waiting (Normal Tariff) | 65,000.00 VND |
| Gasoline (1 liter) | 23,413.26 VND |
| Buy a new or used car | 1,000,000,000.00 VND |
| Buy Toyota Cars | 773,888,888.89 VND |
Other amenities (sports and entertainment)
In addition, other essential needs and living services also contribute to the living standards of people in Hanoi.
| Utilities (Monthly) | |
| Essential needs in life (electricity, water, waste) | 1,997,309.71 VND |
| Mobile Phone And Data | 134,055.56 VND |
| Internet | 223,157.89 VND |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | 675,833.33 VND |
| Tennis Court Rent (1 Hour on Weekend) | 320,000.00 VND |
| Cinema, International Release, 1 Seat | 115,000.00 VND |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 796,549.74 VND |
| 1 Summer Dress in a Chain Store (Zara, H&M, …) | 669,500.95 VND |
| 1 Pair of Nike Running Shoes (Mid-Range) | 2,205,641.68 VND |
| 1 Pair of Men Leather Business Shoes | 2,127,272.73 VND |
How has the cost of living in Hanoi changed since 2020?
What was different in Hanoi between 2020 and now?
Hanois’ average monthly living costs in 2020 were around 15 million VND for a young couple. Meanwhile, a family of four needed around 30 million VND every month to meet costs. According to the poll, spending on food and drink accounted for around 46.5% of total costs, with other expenses accounting for 47.4%.
In comparison to today, the cost of living has risen dramatically in Hanoi. According to the most recent data, the necessary spending for a family of four has already surpassed 30 million VND per month. Furthermore, some families said that despite earning 30 million VND each month, they still feel not enough and must carefully manage their daily living expenditures.
Overall, the cost of living has risen dramatically from 2020 to the present in Hanoi. It reflects fluctuations in the cost of products and services, as well as people’s rising living standards.
Read more: Differences between Hanoi vs Ho Chi Minh city: Which to visit?
FAQs
Is Hanoi an expensive place to live?
Yes, Hanoi is considered expensive to live in, largely due to its status as the capital and political center of Vietnam.
How much money do I need to live in Hanoi?
You need at least about 13 million VND/month to be able to live in Hanoi. If you want to be sure and have extra money, you can budget from 15 million VND to 20 million VND per month.
How much does a 2-bedroom apartment cost in Hanoi?
- For the 2-bedroom apartment segment in Hanoi, the monthly rental price ranges from 7 million VND to 20 million VND.
- The buying and selling price of 2-bedroom apartments ranges from 18 million VND to 35 million VND/m2, depending on the area in the city.
The increasing prices in Hanoi reflect the city’s and country’s ongoing development and improving living conditions. Hopefully, you will have a correct view to assess the cost of living before deciding to live and work in Hanoi.
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