Cost Of Living in Ha Noi 2024
Average monthly spending for singles, couples, students, and families in Ha Noi
Whether you're living in Ha Noi or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.
Average Monthly Expenditure31M VND
per month$1,3002.4M VND $97
$13,000 310M VND
Single22M VND
per month$8707.2M VND $290
$5,800 140M VND
Couple36M VND
per month$1,50012M VND $490
$7,800 190M VND
Family48M VND
per month$1,90017M VND $680
$11,000 260M VND
Student14M VND
per month$5705.7M VND $230
$1,000 26M VND
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Ha Noi is 22M VND. Expenses can range from 7.2M VND at the minimum level to 140M VND at the highest end.
Couples
The average monthly spending of couples in Ha Noi is 36M VND. Expenditure can range from 12M VND to 190M VND per month.
Families
The average cost of living for families in Ha Noi is 48M VND per month. Families spend anywhere from 17M VND to 260M VND.
Students
The average monthly expenditure for students in Ha Noi is 14M VND. Students spend from 5.7M VND to 26M VND per month.
Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Prices and cost of goods and services in Ha Noi
Dining, food, and beverages costs
Large bottle of water | 3,500 VND | 4,000 VND | 4,600 VND |
Fast food combo meal | 30,000 VND | 60,000 VND | 100,000 VND |
Restaurant meal for one | 100,000 VND | 150,000 VND | 310,000 VND |
Fine dining meal for one | 210,000 VND | 310,000 VND | 1.2M VND |
Soda or Soft Drink | 4,300 VND | 5,000 VND | 6,000 VND |
Cappuccino or latte | 25,000 VND | 40,000 VND | 60,000 VND |
Grocery and market costs
Milk large bottle | 20,000 VND | 24,000 VND | 30,000 VND |
Loaf of bread | 3,600 VND | 4,100 VND | 4,800 VND |
12 eggs | 15,000 VND | 20,000 VND | 30,000 VND |
Fresh whole chicken | 34,000 VND | 44,000 VND | 63,000 VND |
Beef 1 kg or 1 lb | 40,000 VND | 60,000 VND | 120,000 VND |
Rice 1 kg or 1 lb | 16,000 VND | 22,000 VND | 31,000 VND |
Tomato 1 kg or 1 lb | 6,000 VND | 8,000 VND | 15,000 VND |
Apples 1 kg or 1 lb | 11,000 VND | 14,000 VND | 23,000 VND |
Commute, travel, and transportation costs
20 minutes taxi ride | 26,000 VND | 31,000 VND | 62,000 VND |
Average car full tank | 150,000 VND | 200,000 VND | 400,000 VND |
Average car 1-day rental | 160,000 VND | 210,000 VND | 320,000 VND |
Average car price | 75M VND | 150M VND | 200M VND |
Bus ticket one way | 5,300 VND | 7,900 VND | 16,000 VND |
Car Service | 210,000 VND | 320,000 VND | 630,000 VND |
Utility cost (monthly)
Utility Bill - Individual | 430,000 VND | 1.3M VND | 8.7M VND |
Utility Bill - Couple | 600,000 VND | 1.8M VND | 9.6M VND |
Utility Bill - Family | 510,000 VND | 1.4M VND | 7.9M VND |
Internet and cable | 150,000 VND | 300,000 VND | 400,000 VND |
Mobile phone charges | 120,000 VND | 200,000 VND | 600,000 VND |
Leisure and activities costs
Movie ticket | 75,000 VND | 100,000 VND | 150,000 VND |
One month gym membership | 250,000 VND | 320,000 VND | 630,000 VND |
Cloths and accessories costs
Pair of jeans or pants | 190,000 VND | 260,000 VND | 400,000 VND |
Woman dress | 180,000 VND | 240,000 VND | 790,000 VND |
Woman shoes | 170,000 VND | 230,000 VND | 530,000 VND |
Men's shoes | 140,000 VND | 180,000 VND | 350,000 VND |
Men suit | 160,000 VND | 200,000 VND | 1.1M VND |
Regular t-shirt | 79,000 VND | 110,000 VND | 320,000 VND |
Housing costs / monthly rent
Studio apartment
1-bedroom apartment
2-bedroom apartment | 5.3M VND | 7.9M VND | 21M VND |
Housing costs / Buying
Studio apartment | 530M VND | 790M VND | 1,600M VND |
1-bedroom apartment | 630M VND | 1,100M VND | 4,000M VND |
2-bedroom apartment | 1,100M VND | 3,200M VND | 6,300M VND |
| $43,000 | $130,000 | $260,000 |
Furniture Costs
King Size Bed
Double Bed
Single Bed
Living Room | 3.4M VND | 4.3M VND | 15M VND |
Dining Table
Sofa or Couch Electronics and House Appliance Costs
TV Set
Fridge or Freezer | 1.8M VND | 2.7M VND | 3.8M VND |
Washing Machine
Stove or Cooker | 2.2M VND | 2.7M VND | 3.8M VND |
Mobile Phone
Laptop or Computer Expenditure to Income Ratio in Ha Noi
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.
Spending to Income Ratio
92%
84% to 100%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 4% |
| 50% - 60% | 9% |
| 60% - 70% | 15% |
| 70% - 80% | 25% |
| 80% - 90% | 20% |
| 90% - 100% | 11% |
| 100% - 110% | 6% |
| 110% - 120% | 4% |
| 120% - 130% | 3% |
| 130% - 140% | 2% |
| > 140% | 2% |
Interpretation and Analysis
The average spending-to-salary ratio in Ha Noi is 92%
This means that on average, people spend around 92% of their income for living.
According to the distribution table, 15% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
83%
Spending-Income-Ratio
76%
90%
Couple
87%
Spending-Income-Ratio
80%
95%
Family
96%
Spending-Income-Ratio
89%
110%
How do people spend their money in Ha Noi?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure23%
23% of total expenses on average (12% to 31%)
| LOW | $29 720,000 VND |
| AVERAGE | $380 9.4M VND |
| HIGH | $3,800 94M VND |
| Per Month |
People living in Ha Noi typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 9.4M VND with expenditure ranging from 720,000 VND to 94M VND. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water8%
8% of total expenses on average (5% to 12%)
| LOW | $4.9 120,000 VND |
| AVERAGE | $63 1.6M VND |
| HIGH | $630 16M VND |
| Per Month |
Utility expenditure like electricity, water, and gas in Ha Noi ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 1.6M VND with 120,000 VND and 16M VND being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $9.7 240,000 VND |
| AVERAGE | $130 3.1M VND |
| HIGH | $1,300 31M VND |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 240,000 VND to 31M VND on commuting with 3.1M VND being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.
Food and Groceries Cost28%
28% of total expenses on average (20% to 34%)
| LOW | $24 600,000 VND |
| AVERAGE | $320 7.8M VND |
| HIGH | $3,200 78M VND |
| Per Month |
The average outlay on groceries in a month in Ha Noi is 7.8M VND. The cost of groceries can range between 600,000 VND to 78M VND. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.
Healthcare and Medical Services10%
10% of total expenses on average (5% to 13%)
| LOW | $6.8 170,000 VND |
| AVERAGE | $88 2.2M VND |
| HIGH | $880 22M VND |
| Per Month |
People in Ha Noi allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 170,000 VND to 22M VND with 2.2M VND being the norm.
Leisure and Shopping4%
4% of total expenses on average (2% to 8%)
| LOW | $3.9 96,000 VND |
| AVERAGE | $50 1.3M VND |
| HIGH | $500 13M VND |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 96,000 VND to 13M VND with 1.3M VND being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.
Education and Schooling5%
5% of total expenses on average (3% to 11%)
| LOW | $5.8 140,000 VND |
| AVERAGE | $76 1.9M VND |
| HIGH | $760 19M VND |
| Per Month |
Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 1.9M VND per month with 140,000 VND being the minimum spent amount and 19M VND being the maximum.
Other Expenses14%
14% of total expenses on average (9% to 21%)
| LOW | $13 310,000 VND |
| AVERAGE | $160 4.1M VND |
| HIGH | $1,600 41M VND |
| Per Month |
How much money can you save in Ha Noi every month?
We asked thousands of people what percentage of their income can they save in a month. Below are the answers.
What percentage of people in Ha Noi manage to save money from their income every month?
Almost 53% of the surveyed people in Ha Noi said that they can save some money at the end of each month while 47% said that aren't saving anything.
Percentage of people saving money by population group in Ha Noi
| Group | Savers | Non Savers |
|---|
| Singles | 63% | 37% |
| Couples | 58% | 42% |
| Families | 52% | 48% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
760,000 VND
$31 | 9.8M VND
$400 | 98M VND
$4,000 |
For most people, 8.4% to 30% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 9.8M VND on average with savings ranging from 760,000 VND to 98M VND.
63% of surveyed singles reported some of their income going to savings while 58% of couples said the same. 52% of families confirmed their ability to save money.
How much money do people actually save in Ha Noi?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
2.3M VND
$92 | 6.8M VND
$270 | 45M VND
$1,800 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 32% |
| 10% - 20% | 25% |
| 20% - 30% | 16% |
| 30% - 40% | 13% |
| 40% - 50% | 10% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 12% to 32% of their monthly income to savings, with 20% being the average for most singles. The average amount of money that singles are able to save is 6.8M VND with 2.3M VND and 45M VND being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
3.8M VND
$150 | 11M VND
$460 | 61M VND
$2,400 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 36% |
| 10% - 20% | 27% |
| 20% - 30% | 19% |
| 30% - 40% | 8% |
| 40% - 50% | 7% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 9.5% to 31% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 11M VND with 3.8M VND and 61M VND being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
5.3M VND
$210 | 15M VND
$610 | 83M VND
$3,400 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 39% |
| 10% - 20% | 30% |
| 20% - 30% | 20% |
| 30% - 40% | 5% |
| 40% - 50% | 4% |
| > 50% | 2% |
Interpretation and Analysis
Families in Ha Noi can save anywhere between 8.4% to 29% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 15M VND with 5.3M VND and 83M VND being the minimum and maximum respectively.
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Ha Noi
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Ha Noi?
Around 53% of surveyed residents think that living in Ha Noi is affordable with proper budgeting while 47% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Ha Noi
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options56%
Few low-cost options44%
Based on the survey, 56% of the people living in Ha Noi have no problem finding low-cost alternatives to support a frugal lifestyle while 44% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Ha Noi whether they have an emergency fund and the answers were as follows.
Yes48%
No53%
Based on the survey, 53% of the people living in Ha Noi said that they don't have an emergency fund while 48% said that they do.
Financial Literacy in Vietnam
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy45%
We asked residents of Vietnam whether they acquired any adequate personal financial training in their lives. Approximately 55% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 45% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether residents of Vietnam have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 60% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 40% said that they have everything under control.
Struggles with finance60%
Easily manages finances40%
Financial goals of people in Ha Noi
In an attempt to understand the economic situation in Ha Noi, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 8% |
| Debt Reduction | 43% |
| Retirement Savings | 10% |
| Education Funding | 7% |
| Homeownership | 18% |
| Investing | 6% |
| Travel or Lifestyle | 7% |
| Healthcare Expenses | 14% |
| Financial Independence | 5% |
Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 43% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 7% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Saving Challenges in Ha Noi
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Ha Noi. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 5% |
| High Expenses | 8% |
| Debt and Loans | 13% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 12% |
| Financial Emergencies | 7% |
| Living the moment | 5% |
| Will do it later | 21% |
| Inflation | 13% |
| Social Pressure | 3% |
| Market Instability | 2% |
Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Ha Noi
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 12% |
| Gold | 13% |
| Savings Accounts | 17% |
| Retirement Accounts | 10% |
| Cash Savings | 21% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 4% |
| Bonds | 5% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in Ha Noi
What does the retirement lifestyle look like in Ha Noi and how much retirement savings are required?
Retirement age
The retirement age for most employees in Vietnam is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Ha Noi:| Age | Amount |
|---|
| 25 | 82M VND |
| 30 | 160M VND |
| 35 | 290M VND |
| 40 | 410M VND |
| 45 | 620M VND |
| 50 | 860M VND |
| 55 | 1,000M VND |
| 60 | 1,300M VND |
| 65 | 1,500M VND |
Retirement Income Distribution
We asked residents of Ha Noi about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 12% |
| Savings | 23% |
| Investments | 12% |
| Social Security | 7% |
| Annuities | 7% |
| Part-time Job | 15% |
| Real Estate | 18% |
| Dividends and Interest | 7% |
Retirement Monthly Expenses in Ha Noi 5.3M VND
$210 | 16M VND
$640 | 110M VND
$4,300 |
Debt, loans, and mortgages in Ha Noi
Percentage of people who are in debt
According to the survey, 38% of the people in Ha Noi have some kind of debt, loan, mortgage, or credit card payments while 62% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Ha Noi
Debt to income ratio
34%
25% to 42%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 34% of the people's monthly income in Ha Noi goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 18% |
| 40% - 50% | 15% |
| 30% - 40% | 17% |
| 20% - 30% | 10% |
| 10% - 20% | 12% |
| 0% - 10% | 25% |
According to our data, 3% of the debtors in Ha Noi pay 60%+ of their income as debt settlement while 18% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Ha Noi
| Debt | % People |
|---|
| Real Estate Mortgage | 8% |
| Auto Loan | 15% |
| Student Loan | 4% |
| Credit Card | 30% |
| Personal Loan | 43% |
8% of debtors in Ha Noi confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 15% of people and personal loans rose at 43%. Lastly, student loans are the main source of debt for 4% of debtors in Ha Noi.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Ha Noi
Besides measuring the loan-to-income ratio, we asked residents of Ha Noi how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 50% |
| Once a year | 24% |
| Twice a year | 13% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Ha Noi
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Ha Noi
Monthly Rent Prices
Studio apartment
1-bedroom apartment
2-bedroom apartment | 5.3M VND | 7.9M VND | 21M VND |
3-bedroom apartment
Furnished apartment
Townhouse
House
Villa The monthly rental cost of a studio apartment in Ha Noi ranges between 2.6M VND and 11M VND, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 4M VND to 16M VND. Two-bedroom rentals rate ranges between 5.3M VND and 21M VND per month. The monthly rental for a three-bedroom apartment ranges from 6.3M VND to 29M VND. The average rent of a townhouse in Ha Noi is around 16M VND while house rental costs can be as high as 32M VND per month. Finally, if you want to rent a villa, expect to pay anywhere from 16M VND to 63M VND per month.
Apartment and house prices in Ha Noi
Cost of buying a property
Studio apartment | 530M VND | 790M VND | 1,600M VND |
1-bedroom apartment | 630M VND | 1,100M VND | 4,000M VND |
2-bedroom apartment | 1,100M VND | 3,200M VND | 6,300M VND |
| $43,000 | $130,000 | $260,000 |
3-bedroom apartment | 3,500M VND | 5,300M VND | 16,000M VND |
| $140,000 | $210,000 | $640,000 |
Townhouse | 4,500M VND | 11,000M VND | 40,000M VND |
House | 5,300M VND | 32,000M VND | 45,000M VND |
Villa | 6,300M VND | 35,000M VND | 53,000M VND |
The average price of a studio apartment in Ha Noi can range from 530M VND to 1,600M VND depending on location. One bedroom cost can be anywhere from 630M VND to 4,000M VND. A villa can cost you 35,000M VND on average with prices ranging from 6,300M VND to 53,000M VND.
If you're leasing or purchasing, housing costs in Ha Noi will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio( average property price / average monthly income ) x 100
| 33 | x93 monthly income | 204 |
Property prices in Ha Noi can be x93 to x204 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x93 multiples of the average monthly salary in Ha Noi.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Ha Noi is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 20% to 41% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
28% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
| 48,000 VND | 630,000 VND | 6.3M VND |
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Ha Noi
Housing29%
29% of total expenses on average (17% to 41%)
| LOW | $100 2.6M VND |
| AVERAGE | $310 7.8M VND |
| HIGH | $2,100 52M VND |
| Per Month |
Utilities, Electricity, Water9%
9% of total expenses on average (5% to 14%)
| LOW | $17 430,000 VND |
| AVERAGE | $52 1.3M VND |
| HIGH | $350 8.7M VND |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 11%)
| LOW | $23 580,000 VND |
| AVERAGE | $70 1.7M VND |
| HIGH | $470 12M VND |
| Per Month |
Food and Groceries19%
19% of total expenses on average (13% to 24%)
| LOW | $47 1.2M VND |
| AVERAGE | $140 3.5M VND |
| HIGH | $930 23M VND |
| Per Month |
Healthcare12%
12% of total expenses on average (6% to 16%)
| LOW | $26 650,000 VND |
| AVERAGE | $79 2M VND |
| HIGH | $520 13M VND |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (2% to 5%)
| LOW | $15 360,000 VND |
| AVERAGE | $44 1.1M VND |
| HIGH | $290 7.2M VND |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $5.8 140,000 VND |
| AVERAGE | $17 430,000 VND |
| HIGH | $120 2.9M VND |
| Per Month |
Other Expenses22%
22% of total expenses on average (14% to 26%)
| LOW | $52 1.3M VND |
| AVERAGE | $160 3.9M VND |
| HIGH | $1,000 26M VND |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Ha Noi
Housing26%
26% of total expenses on average (19% to 36%)
| LOW | $160 4M VND |
| AVERAGE | $480 12M VND |
| HIGH | $2,600 64M VND |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (6% to 12%)
| LOW | $24 600,000 VND |
| AVERAGE | $73 1.8M VND |
| HIGH | $390 9.6M VND |
| Per Month |
Transport, Fuel9%
9% of total expenses on average (3% to 14%)
| LOW | $58 1.4M VND |
| AVERAGE | $170 4.3M VND |
| HIGH | $930 23M VND |
| Per Month |
Food and Groceries17%
17% of total expenses on average (12% to 22%)
| LOW | $68 1.7M VND |
| AVERAGE | $200 5.1M VND |
| HIGH | $1,100 27M VND |
| Per Month |
Healthcare14%
14% of total expenses on average (8% to 18%)
| LOW | $53 1.3M VND |
| AVERAGE | $160 4M VND |
| HIGH | $850 21M VND |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (1% to 6%)
| LOW | $29 720,000 VND |
| AVERAGE | $87 2.2M VND |
| HIGH | $470 12M VND |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $9.7 240,000 VND |
| AVERAGE | $29 720,000 VND |
| HIGH | $160 3.9M VND |
| Per Month |
Other Expenses21%
21% of total expenses on average (15% to 27%)
| LOW | $83 2M VND |
| AVERAGE | $250 6.1M VND |
| HIGH | $1,300 33M VND |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Ha Noi
Housing25%
25% of total expenses on average (20% to 35%)
| LOW | $220 5.4M VND |
| AVERAGE | $620 15M VND |
| HIGH | $3,400 85M VND |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 7%)
| LOW | $54 1.3M VND |
| AVERAGE | $160 3.9M VND |
| HIGH | $850 21M VND |
| Per Month |
Food and Groceries21%
21% of total expenses on average (14% to 27%)
| LOW | $120 3M VND |
| AVERAGE | $350 8.7M VND |
| HIGH | $1,900 48M VND |
| Per Month |
Healthcare11%
11% of total expenses on average (7% to 16%)
| LOW | $54 1.3M VND |
| AVERAGE | $160 3.9M VND |
| HIGH | $850 21M VND |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (1% to 6%)
| LOW | $34 840,000 VND |
| AVERAGE | $97 2.4M VND |
| HIGH | $530 13M VND |
| Per Month |
Education13%
13% of total expenses on average (6% to 21%)
| LOW | $95 2.4M VND |
| AVERAGE | $270 6.7M VND |
| HIGH | $1,500 37M VND |
| Per Month |
Other Expenses16%
16% of total expenses on average (9% to 21%)
| LOW | $82 2M VND |
| AVERAGE | $230 5.8M VND |
| HIGH | $1,300 32M VND |
| Per Month |
StudentCost of living and expenses break down for students living in Ha Noi
Housing17%
17% of total expenses on average (12% to 23%)
| LOW | $55 1.4M VND |
| AVERAGE | $140 3.4M VND |
| HIGH | $250 6.2M VND |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $9.2 230,000 VND |
| AVERAGE | $23 570,000 VND |
| HIGH | $41 1M VND |
| Per Month |
Transport, Fuel4%
4% of total expenses on average (4% to 10%)
| LOW | $16 400,000 VND |
| AVERAGE | $40 1,000,000 VND |
| HIGH | $72 1.8M VND |
| Per Month |
Food and Groceries23%
23% of total expenses on average (17% to 27%)
| LOW | $46 1.1M VND |
| AVERAGE | $110 2.8M VND |
| HIGH | $210 5.1M VND |
| Per Month |
Healthcare9%
9% of total expenses on average (6% to 12%)
| LOW | $14 340,000 VND |
| AVERAGE | $34 850,000 VND |
| HIGH | $62 1.5M VND |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (2% to 6%)
| LOW | $11 280,000 VND |
| AVERAGE | $29 710,000 VND |
| HIGH | $52 1.3M VND |
| Per Month |
Education18%
18% of total expenses on average (11% to 23%)
| LOW | $44 1.1M VND |
| AVERAGE | $110 2.7M VND |
| HIGH | $200 4.9M VND |
| Per Month |
Other Expenses19%
19% of total expenses on average (13% to 25%)
| LOW | $34 850,000 VND |
| AVERAGE | $86 2.1M VND |
| HIGH | $160 3.8M VND |
| Per Month |
