Is Vietnam cheaper than the US?

Yes, Vietnam is significantly cheaper than the US. Our Net Life Value Index shows Vietnam with a price index of 45 (US = 100), meaning you’ll pay roughly 55% less for a comparable basket of goods and services. For example, a typical 1-bedroom apartment in a city like Ho Chi Minh City might cost around $400-$600/month, while a similar place in a US city could easily run $1,500-$2,500+. Groceries are also a fraction of the cost; a meal at a local restaurant is often under $5. Healthcare is another area of big savings. While quality varies, private clinics and hospitals offer good care at prices far below what you'd find in the US, often without the need for expensive insurance premiums. Your income tax burden will also likely be lower. Vietnam's top individual income tax rate is 35%, compared to the US top federal rate of 37%, not including state income taxes. This means more of your earnings stay in your pocket. Overall, you can expect a much lower cost of living in Vietnam. If you're looking to stretch your dollars further, Vietnam offers a compelling financial advantage compared to the US.