Cost of living in Hanoi

There’s an attractive cost of living in Hanoi, Vietnam’s capital, making it a coveted destination if you’re seeking a vibrant culture, warm hospitality, and an affordable lifestyle. With its rich history, bustling street life, and diverse food scene, the city provides an exciting yet budget-friendly way to immerse yourself in a new environment.

Thanks to its relatively low living costs compared to many major global cities, Hanoi remains an attractive choice for adventurous individuals. While expenses can vary depending on your lifestyle, you’ll find that day-to-day costs, from dining out to transport, are significantly lower than in Western countries.

Cost of accommodation in Hanoi

The cost of accommodation in Hanoi is one of the biggest expenses you’ll face, but there are plenty of options to suit different budgets. Whether you’re after a budget-friendly studio or a luxury villa, Hanoi offers a variety of accommodation options.

Hoan Kiem District, the bustling city centre, commands higher rents, while Tay Ho is a popular choice for expats, offering a balance between affordability and amenities. Short-term accommodation prices vary depending on the time of year. The low season (May to October) often brings reduced rates on flights and hotels.

Cost of transport in Hanoi

The cost of transport in Hanoi varies depending on your choice of travel, whether you opt for a motorbike, taxi, or public transport. The city’s public bus network covers 154 routes, making it a cost-effective way to travel. Ride-hailing apps like Grab provide a convenient alternative to taxis.

Most locals rely on motorbikes due to their affordability and ease of use in congested traffic. Maintenance is inexpensive, and fuel costs are minimal.

Owning a car in Hanoi is significantly more expensive due to high import taxes, parking challenges, and fuel costs. A Vietnamese driver’s licence is mandatory for foreigners, as international licences are not recognised.

Hanoi’s transport infrastructure is improving, with the elevated section of Metro Line 3 now operational. The underground extension to Hanoi Railway Station is still under construction.

Public Transport and Driving in Vietnam

Cost of groceries in Hanoi

The cost of groceries in Hanoi is generally low, especially if you shop at local markets. Staples like rice, fresh produce, tofu, and poultry are widely available at affordable prices. Traditional wet markets offer the best deals, while supermarkets carry both local and international products.

Hanoi’s grocery prices are comparable to those in Ho Chi Minh City, with some slight regional differences. While most everyday items are inexpensive, imported goods can be costly due to import taxes and shipping fees.

For imported products, specialised shops offer a range of international options. Although pricier, they provide high-quality goods that can be difficult to find elsewhere.

Cost of entertainment and eating out in Hanoi

The cost of entertainment and eating out in Hanoi is reasonable, making it easy to enjoy the city without overspending. Free or low-cost attractions include strolling through the Old Quarter, visiting Hoan Kiem Lake, and exploring cultural sites that either offer free entry or request a small donation.

Live music at Bia Hoi Junction is a popular and affordable way to enjoy Hanoi’s nightlife. The city’s food scene is also budget-friendly, with local street food being incredibly cheap and delicious. Meals at street vendors and small eateries cost far less than those at international restaurants, which tend to be pricier due to imported ingredients.

Hanoi’s food and entertainment scene continues to evolve, with trends like fusion cuisine, artisanal coffee shops, live music venues, and culinary festivals gaining popularity. These changes reflect the city’s dynamic cultural scene, making it an exciting place to live or visit.

Cost of education in Hanoi

The cost of education in Hanoi varies widely depending on whether you choose public or international schools. Public schools are government-funded and have minimal tuition fees, making them the most affordable option. In contrast, international schools, which follow curricula from countries such as the US, UK, or the International Baccalaureate programme, can be significantly more expensive.

International schools in Hanoi generally provide smaller class sizes, modern facilities, and a broader range of extracurricular activities. This makes them a preferred choice for expat families who want continuity with their home country’s education system.

Education in Hanoi
International Schools in Hanoi

Cost of healthcare in Hanoi

The cost of healthcare in Hanoi depends on whether you use public or private medical facilities. Public hospitals are more affordable but often suffer overcrowding, outdated equipment, and long wait times. Although they come at a higher price, private hospitals offer high-quality care with modern facilities and English-speaking staff.

Many expats opt for private healthcare due to the higher standards of treatment. Some international clinics specifically cater to foreigners and provide multilingual staff and comprehensive medical services.

Health insurance is highly recommended. While Vietnam has a mandatory social health insurance system, it only provides partial coverage. Many expats secure private health insurance from international health providers to ensure access to quality medical services, including emergency medical evacuation if needed.

Healthcare in Vietnam