HCMC named among top ten cheapest places for American expats
15:40 | 06/11/2020
VGP- Ho Chi Minh City heads the list of the ten cheapest places for American expats to live abroad, according to the Business Insider’s article published on November 5.

A corner of Ho Chi Minh City

According to the article, approximately 77% of foreigners living in Ho Chi Minh City that were surveyed declared that they feel satisfied with the current state of their finances.

These figures in Malaysia's Kuala Lumpur and Thailand's Bangkok stand at 73% and 63%, respectively.

The cost of living and housing in these three cities ranges from between US$500 and US$600 per month, far lower in comparison to the price of renting a one-bedroom apartment in the US which is typically US$1,600 per month.

“Viet Nam's Ho Chi Minh City took the top spot for living costs and housing expenses, with more than three quarters of current expats living there saying they feel good about their finances,” the article wrote.

Currently, the cost of living and housing in these three cities is only about US$500-600 per month. Meanwhile, in cities across the US, rents under US$1,000 per month have become almost unheard of - Apartment Guide data shows that the average rentfor a one-bedroom apartment in the US is about $1,600 per month.

In addition to the three cities above, Business Insider also lists a number of other locations that are also affordable for expats living, including Taipei (Taiwan, China), Panama City (Panama), Mexico City (Mexico), Budapest (Hungary), Montreal (Canada), Doha (Qatar) and Bogota (Colombia).

According to the article, although departing the country for a life abroad isn't always easy, it can make life significantly more affordable, with these cities in particular making life far cheaper. 

Foreign professionals can choose to live in affordable cities to enjoy a more comfortable lifestyle and reduced financial stress./.

By Vien Nhu

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