Cost Of Living For a Single Person in Hai Phong 2025

Single person cost of living chart - individual average monthly expenditure in Hai Phong

Average Monthly Expenditure

Currency: VND
2.7M 19M 130M
MINIMUM AVERAGE MAXIMUM
$110 $780 $5,200

Average monthly spending for a single person or individual in Hai Phong

How much money does an individual need in a month to survive in Hai Phong?

A single person in Hai Phong spends around 19M VND per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 2.7M VND or as high as 130M VND. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Hai Phong


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Hai Phong

Dining, food, and beverages costs


Fast food combo meal

31,000 VND 62,000 VND 100,000 VND
MINIMUM AVERAGE MAXIMUM
$1.3 $2.5 $4.2

Restaurant meal for one

99,000 VND 150,000 VND 300,000 VND
MINIMUM AVERAGE MAXIMUM
$4 $6 $12

Fine dining meal for one

200,000 VND 300,000 VND 1.2M VND
MINIMUM AVERAGE MAXIMUM
$8 $12 $48

Cappuccino or latte

26,000 VND 41,000 VND 62,000 VND
MINIMUM AVERAGE MAXIMUM
$1 $1.7 $2.5

Grocery and market costs


Milk large bottle

21,000 VND 25,000 VND 31,000 VND
MINIMUM AVERAGE MAXIMUM
$0.83 $1 $1.3

12 eggs

16,000 VND 21,000 VND 31,000 VND
MINIMUM AVERAGE MAXIMUM
$0.63 $0.83 $1.3

Fresh whole chicken

35,000 VND 46,000 VND 65,000 VND
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.6

Pack of beef

41,000 VND 62,000 VND 120,000 VND
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $5

Medium bag of rice

17,000 VND 23,000 VND 32,000 VND
MINIMUM AVERAGE MAXIMUM
$0.67 $0.92 $1.3

Bag of tomatos

6,200 VND 8,300 VND 16,000 VND
MINIMUM AVERAGE MAXIMUM
$0.25 $0.33 $0.63

Bag of apples

11,000 VND 15,000 VND 24,000 VND
MINIMUM AVERAGE MAXIMUM
$0.45 $0.59 $0.96
Chart showing the prices and cost of commute, travel, and transportation in Hai Phong


Commute, travel, and transportation costs


20 minutes taxi ride

25,000 VND 30,000 VND 59,000 VND
MINIMUM AVERAGE MAXIMUM
$1.00 $1.2 $2.4

Average car full tank

160,000 VND 210,000 VND 410,000 VND
MINIMUM AVERAGE MAXIMUM
$6.3 $8.3 $17

Average car 1-day rental

140,000 VND 190,000 VND 280,000 VND
MINIMUM AVERAGE MAXIMUM
$5.7 $7.6 $11

Average car price

78M VND 160M VND 210M VND
MINIMUM AVERAGE MAXIMUM
$3,100 $6,300 $8,300

Bus ticket one way

4,700 VND 7,100 VND 14,000 VND
MINIMUM AVERAGE MAXIMUM
$0.19 $0.29 $0.57

Car Service

190,000 VND 280,000 VND 570,000 VND
MINIMUM AVERAGE MAXIMUM
$7.6 $11 $23
Chart showing the prices and cost of utility, energy, water, and gas in Hai Phong


Utility cost (monthly)


Utility Bill - Individual

160,000 VND 1.2M VND 7.8M VND
MINIMUM AVERAGE MAXIMUM
$6.6 $47 $310

Internet and cable

160,000 VND 310,000 VND 410,000 VND
MINIMUM AVERAGE MAXIMUM
$6.3 $13 $17

Mobile phone charges

120,000 VND 210,000 VND 620,000 VND
MINIMUM AVERAGE MAXIMUM
$5 $8.3 $25

Leisure and activities costs


Movie ticket

78,000 VND 100,000 VND 160,000 VND
MINIMUM AVERAGE MAXIMUM
$3.1 $4.2 $6.3

One month gym membership

230,000 VND 280,000 VND 570,000 VND
MINIMUM AVERAGE MAXIMUM
$9.1 $11 $23
Chart showing the prices and cost of clothing and accessories in Hai Phong


Cloths and accessories costs


Pair of jeans or pants

170,000 VND 240,000 VND 350,000 VND
MINIMUM AVERAGE MAXIMUM
$6.7 $9.5 $14

Woman dress

160,000 VND 220,000 VND 710,000 VND
MINIMUM AVERAGE MAXIMUM
$6.4 $8.8 $29

Woman shoes

150,000 VND 200,000 VND 470,000 VND
MINIMUM AVERAGE MAXIMUM
$6 $8.2 $19

Men's shoes

130,000 VND 160,000 VND 320,000 VND
MINIMUM AVERAGE MAXIMUM
$5.2 $6.4 $13

Men suit

140,000 VND 180,000 VND 950,000 VND
MINIMUM AVERAGE MAXIMUM
$5.7 $7.1 $38

Regular t-shirt

71,000 VND 95,000 VND 280,000 VND
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $11
Chart showing the prices and cost of housing, accommodation, and rent in Hai Phong


Housing costs / monthly rent


Studio apartment

2.4M VND 3.5M VND 9.5M VND
MINIMUM AVERAGE MAXIMUM
$95 $140 $380

1-bedroom apartment

3.5M VND 5.7M VND 14M VND
MINIMUM AVERAGE MAXIMUM
$140 $230 $570

2-bedroom apartment

4.7M VND 7.1M VND 19M VND
MINIMUM AVERAGE MAXIMUM
$190 $290 $760

Housing costs / Buying


Studio apartment

470M VND 710M VND 1,400M VND
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $57,000

1-bedroom apartment

570M VND 950M VND 3,500M VND
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000

2-bedroom apartment

950M VND 2,800M VND 5,700M VND
MINIMUM AVERAGE MAXIMUM
$38,000 $110,000 $230,000
Chart showing the prices and cost of furniture in Hai Phong


Furniture Costs


King Size Bed

3.1M VND 3.9M VND 5.2M VND
MINIMUM AVERAGE MAXIMUM
$130 $160 $210

Double Bed

2.1M VND 3.1M VND 3.9M VND
MINIMUM AVERAGE MAXIMUM
$83 $130 $160

Single Bed

1.8M VND 2.4M VND 3.1M VND
MINIMUM AVERAGE MAXIMUM
$74 $96 $130

Living Room

3.5M VND 4.4M VND 16M VND
MINIMUM AVERAGE MAXIMUM
$140 $180 $630

Dining Table

1.6M VND 2.1M VND 3.9M VND
MINIMUM AVERAGE MAXIMUM
$63 $83 $160

Sofa or Couch

2.1M VND 2.8M VND 6.2M VND
MINIMUM AVERAGE MAXIMUM
$83 $110 $250
Chart showing the prices and cost of electronic devices and appliances in Hai Phong


Electronics and House Appliance Costs


TV Set

2.1M VND 3.1M VND 6.2M VND
MINIMUM AVERAGE MAXIMUM
$83 $130 $250

Fridge or Freezer

1.8M VND 2.8M VND 3.9M VND
MINIMUM AVERAGE MAXIMUM
$74 $110 $160

Washing Machine

2.4M VND 3.5M VND 6.2M VND
MINIMUM AVERAGE MAXIMUM
$96 $140 $250

Stove or Cooker

2.2M VND 2.8M VND 3.9M VND
MINIMUM AVERAGE MAXIMUM
$89 $110 $160

Mobile Phone

2.6M VND 3.1M VND 4.4M VND
MINIMUM AVERAGE MAXIMUM
$100 $130 $180

Laptop or Computer

2.8M VND 3.5M VND 6.2M VND
MINIMUM AVERAGE MAXIMUM
$110 $140 $250
Single person or Individual cost of living and expenditure to income ratio in Hai Phong

Single person expenditure to income ratio in Hai Phong

Analysing the how affordable it is for an individual to live in Hai Phong

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

74%

68% to 81%

( expenditure / income ) x 100


Individuals in Hai Phong spend around 74% of their monthly income. Some individuals spend as low as 68% of their income while some as high as 81%.

Distribution of monthly cost of living expenses of a single person in Hai Phong

How do individuals spend their money in Hai Phong?

We asked thousands of individuals about their spending habits and expenditure break down.


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 and accomodation expenditure for individuals

Accomodation Cost30%

30% of total expenses on average (18% to 42%)

LOW$40   980,000 VND
AVERAGE$280   7M VND
HIGH$1,900   47M VND
Per Month

Individuals in Hai Phong typically spend from 18% to 42% of their total monthly expenditure on housing with 30% being the average. The average monthly spend on housing is 7M VND with expenditure ranging from 980,000 VND to 47M VND. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$6.6   160,000 VND
AVERAGE$47   1.2M VND
HIGH$310   7.8M VND
Per Month

Utility expenditure like electricity, water, and gas in Hai Phong ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 1.2M VND with 160,000 VND and 7.8M VND being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel5%

5% of total expenses on average (3% to 11%)

LOW$8.8   220,000 VND
AVERAGE$63   1.6M VND
HIGH$420   10M VND
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 220,000 VND to 10M VND in a month on commuting with 1.6M VND being the norm for most individuals. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 11%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost19%

19% of total expenses on average (13% to 24%)

LOW$18   440,000 VND
AVERAGE$130   3.1M VND
HIGH$840   21M VND
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Hai Phong is 3.1M VND. The cost of groceries can range between 440,000 VND to 21M VND. Individuals spend on average about 19% on food and groceries with upper and lower bounds of 13% and 24% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare12%

12% of total expenses on average (6% to 16%)

LOW$9.9   250,000 VND
AVERAGE$70   1.7M VND
HIGH$470   12M VND
Per Month

Individuals in Hai Phong allocate 6% to 16% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 12%. The range of medical expenses range from 250,000 VND to 12M VND with 1.7M VND being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (2% to 6%)

LOW$5.5   140,000 VND
AVERAGE$39   970,000 VND
HIGH$260   6.5M 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 140,000 VND to 6.5M VND with 970,000 VND being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling1%

1% of total expenses on average (0.00% to 3%)

LOW$2.2   54,000 VND
AVERAGE$16   390,000 VND
HIGH$100   2.6M VND
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 390,000 VND per month with 54,000 VND being the minimum spent amount and 2.6M VND being the maximum.

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$20   490,000 VND
AVERAGE$140   3.5M VND
HIGH$940   23M VND
Per Month
Percentage of individuals who manage to save money from their income every month in Hai Phong

What percentage of individuals in Hai Phong are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
56%
Not Saving
44%

Almost 56% of surveyed individuals in Hai Phong said that they can save some money at the end of each month while 44% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Hai Phong

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.


How much money do individuals manage to add to their savings?

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.

Saving to Income Ratio

10% 18% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

680,000 VND
$27
6.1M VND
$250
41M VND
$1,600
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 10% to 28% of their monthly income to their savings, with 18% being the average for most individuals. The average monthly amount of money that individuals can put aside is 6.1M VND with 680,000 VND and 41M VND being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Hai Phong

Saving Challenges in Hai Phong

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Hai Phong. Listed below are the answers given by the survey participants.


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the individuals 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. 14% of the residents said that they are burdened with debt and find it challenging to save money. 11% 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. 11% of individuals 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. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% 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 social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Hai Phong

Typical saving choices for individuals in Hai Phong

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks4%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

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.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Hai Phong

Affordable living in Hai Phong

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Hai Phong?


Yes
47%
No
53%

Around 47% of surveyed individuals think that living in Hai Phong is affordable with proper budgeting while 53% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Hai Phong

Low-cost alternatives in Hai Phong

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options50%

Few low-cost options50%


Based on the survey, 50% of the individuals living in Hai Phong have no problem finding low-cost alternatives to support a frugal lifestyle while 50% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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 individuals of Hai Phong whether they have an emergency fund and the answers were as follows.

Yes43%

No58%


Based on the survey, 58% of the individuals living in Hai Phong said that they don't have an emergency fund while 43% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Hai Phong

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 individuals in Hai Phong 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 single people of Vietnam have problems or difficulties in managing their expenditures and savings so we asked 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 and targets of single people living in Hai Phong

Financial goals of individuals in Hai Phong

In an attempt to understand the economic situation in Hai Phong, 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 Fund8%
Debt Reduction42%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle7%
Healthcare Expenses13%
Financial Independence5%

Around 8% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 42% 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. 7% 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 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Hai Phong

Debt, loans, and mortgages in Hai Phong


Percentage of individuals who are in debt


In Debt
34%
Debt Free
66%

According to the survey, 34% of the individuals in Hai Phong have some kind of debt, loan, mortgage, or credit card payments while 66% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Hai Phong

Debt-to-income ratio in Hai Phong

Debt to income ratio

30%

23% to 38%

( 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 30% of a single person's monthly income in Hai Phong goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%17%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%13%
0% - 10%26%

According to our data, 3% of the debtors in Hai Phong pay 60%+ of their income as debt settlement while 17% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Hai Phong

Debt% People
Real Estate Mortgage9%
Auto Loan16%
Student Loan4%
Credit Card29%
Personal Loan42%

9% of debtors in Hai Phong confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 16% of people and personal loans rose at 42%. Lastly, student loans are the main source of debt for 4% of debtors in Hai Phong.


About credit score and debt management

Managing 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 Hai Phong

Besides measuring the loan-to-income ratio, we asked individuals of Hai Phong 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
Never51%
Once a year24%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Hai Phong

Housing costs, accommodation, and housing affordability in Hai Phong

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Hai Phong

Monthly Rent Prices

Studio apartment monthly rent cost

2.4M VND 3.5M VND 9.5M VND
MINIMUM AVERAGE MAXIMUM
$95 $140 $380

1-bedroom apartment monthly rent cost

3.5M VND 5.7M VND 14M VND
MINIMUM AVERAGE MAXIMUM
$140 $230 $570

2-bedroom apartment monthly rent cost

4.7M VND 7.1M VND 19M VND
MINIMUM AVERAGE MAXIMUM
$190 $290 $760

3-bedroom apartment monthly rent cost

5.7M VND 9.5M VND 26M VND
MINIMUM AVERAGE MAXIMUM
$230 $380 $1,000

Furnished apartment monthly rent cost

11M VND 28M VND 57M VND
MINIMUM AVERAGE MAXIMUM
$460 $1,100 $2,300

Townhouse monthly rent cost

9.5M VND 14M VND 41M VND
MINIMUM AVERAGE MAXIMUM
$380 $570 $1,600

House monthly rent cost

11M VND 28M VND 57M VND
MINIMUM AVERAGE MAXIMUM
$460 $1,100 $2,300

Villa monthly rent cost

14M VND 35M VND 57M VND
MINIMUM AVERAGE MAXIMUM
$570 $1,400 $2,300

The monthly rental cost of a studio apartment in Hai Phong ranges between 2.4M VND and 9.5M VND, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 3.5M VND to 14M VND. Two-bedroom rentals rate ranges between 4.7M VND and 19M VND per month. The monthly rental for a three-bedroom apartment ranges from 5.7M VND to 26M VND. The average rent of a townhouse in Hai Phong is around 14M VND while house rental costs can be as high as 28M VND per month. Finally, if you want to rent a villa, expect to pay anywhere from 14M VND to 57M VND per month.



Apartment and house prices in Hai Phong

Cost of buying a property

Studio apartment price

470M VND 710M VND 1,400M VND
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $57,000

1-bedroom apartment price

570M VND 950M VND 3,500M VND
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000

2-bedroom apartment price

950M VND 2,800M VND 5,700M VND
MINIMUM AVERAGE MAXIMUM
$38,000 $110,000 $230,000

3-bedroom apartment price

3,200M VND 4,700M VND 14,000M VND
MINIMUM AVERAGE MAXIMUM
$130,000 $190,000 $570,000

Townhouse price

4,100M VND 9,500M VND 35,000M VND
MINIMUM AVERAGE MAXIMUM
$160,000 $380,000 $1.4M

House price

4,700M VND 28,000M VND 41,000M VND
MINIMUM AVERAGE MAXIMUM
$190,000 $1.1M $1.6M

Villa price

5,700M VND 32,000M VND 47,000M VND
MINIMUM AVERAGE MAXIMUM
$230,000 $1.3M $1.9M

The average price of a studio apartment in Hai Phong can range from 470M VND to 1,400M VND depending on location. One bedroom cost can be anywhere from 570M VND to 3,500M VND. A villa can cost you 32,000M VND on average with prices ranging from 5,700M VND to 47,000M VND.


If you're leasing or purchasing, housing costs in Hai Phong 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


29 x83 monthly income 182
MINIMUM AVERAGE MAXIMUM

Property prices in Hai Phong can be x83 to x182 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x83 multiples of the average monthly salary in Hai Phong.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


18% 27% of income 37%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Hai Phong is around 27%. This means that people pay 27% of their income for rent. Those figures can range from 18% to 37% 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
25%

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.


FROM
2%
AVERAGE
3%
TO
4%

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.


43,000 VND 560,000 VND 5.6M VND
MINIMUM AVERAGE MAXIMUM

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.

Monthly costs and expenses of energy and basic utilities in Hai Phong

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Hai Phong

Utility Bill Cost / Electricity + Water + Gas / A single person

160,000 VND 1.2M VND 7.8M VND
MINIMUM AVERAGE MAXIMUM
$6.6 $47 $310

Internet and cable cost

160,000 VND 310,000 VND 410,000 VND
MINIMUM AVERAGE MAXIMUM
$6.3 $13 $17

Mobile phone bill and charges

120,000 VND 210,000 VND 620,000 VND
MINIMUM AVERAGE MAXIMUM
$5 $8.3 $25

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 1.2M VND. The cost of internet and WiFi ranges from 160,000 VND to 410,000 VND with 310,000 VND being the average internet bill. Finally, the average monthly mobile charges is around 210,000 VND but can range between 120,000 VND and 620,000 VND depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.8% 5.7% of income 9.5%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Hai Phong is around 5.7%. This means that people pay 5.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.8% to 9.5% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Hai Phong

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Hai Phong

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

31,000 VND 62,000 VND 100,000 VND
MINIMUM AVERAGE MAXIMUM
$1.3 $2.5 $4.2

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Hai Phong is approximatly 62,000 VND with meal cost ranging from 31,000 VND to 100,000 VND. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

99,000 VND 150,000 VND 300,000 VND
MINIMUM AVERAGE MAXIMUM
$4 $6 $12

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 99,000 VND and 300,000 VND with 150,000 VND being the average price of a plate for one person at a regular restaurant in Hai Phong.

Fine dining meal for one price

200,000 VND 300,000 VND 1.2M VND
MINIMUM AVERAGE MAXIMUM
$8 $12 $48

The price range of a meal at fine-dining restaurant is 200,000 VND to 1.2M VND with the average cost being 300,000 VND for one person. This is what you would expect to pay a top-tier diner in Hai Phong.

Beverage prices, cappuccino, latte etc..

26,000 VND 41,000 VND 62,000 VND
MINIMUM AVERAGE MAXIMUM
$1 $1.7 $2.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Hai Phong is around 41,000 VND. Price ranges between 26,000 VND and 62,000 VND depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

21,000 VND 25,000 VND 31,000 VND
MINIMUM AVERAGE MAXIMUM
$0.83 $1 $1.3

The average price of a large bottle of milk in Hai Phong is 25,000 VND. The maximum what you would pay for milk is 31,000 VND and the minimum being 21,000 VND depending on the brand of milk and other properties.

12 eggs price

16,000 VND 21,000 VND 31,000 VND
MINIMUM AVERAGE MAXIMUM
$0.63 $0.83 $1.3

A dozen eggs costs around 21,000 VND on average with 16,000 VND and 31,000 VND being the lower and upper limits respectively.

Fresh whole chicken price

35,000 VND 46,000 VND 65,000 VND
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.6

The price range of a fresh whole chicken in Hai Phong is between 35,000 VND and 65,000 VND depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 46,000 VND.

Pack of beef price

41,000 VND 62,000 VND 120,000 VND
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $5

The price of a regular pack of beef or meat is around 62,000 VND. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

17,000 VND 23,000 VND 32,000 VND
MINIMUM AVERAGE MAXIMUM
$0.67 $0.92 $1.3

A bag of rice in Hai Phong costs around 23,000 VND on average with prices rangeing between 17,000 VND and 32,000 VND depending on the brand and quality.

Bag of tomatos price

6,200 VND 8,300 VND 16,000 VND
MINIMUM AVERAGE MAXIMUM
$0.25 $0.33 $0.63

A bag of tomatoes costs anywhere from 6,200 VND to 16,000 VND. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

11,000 VND 15,000 VND 24,000 VND
MINIMUM AVERAGE MAXIMUM
$0.45 $0.59 $0.96

A bag of apples costs 15,000 VND on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


18% 26% of income 31%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Hai Phong is around 26%. This means that individuals spend 26% of their income on grocery and basic household items. The expenditure can range from 18% to 31% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 440,000 VND to 21M VND with the location, income being the most determinite factors.

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