Is Vietnam expensive to live in?

No, Vietnam is not expensive to live in, especially compared to the US. Prices are roughly 55% lower on average. The price index for Vietnam is 45 (US = 100), indicating everyday goods and services cost significantly less than in the United States. You can live quite comfortably on a modest budget. For example, a decent one-bedroom apartment in a city like Da Nang or Ho Chi Minh City might rent for $300-$500 per month. Groceries for one person could be around $150-$200 monthly, especially if you enjoy local markets. Eating out at local restaurants is incredibly affordable, often just a few dollars per meal. Regarding taxes, Vietnam has a progressive income tax system. For foreigners, the highest marginal tax rate is 35% on income over approximately $40,000 USD per year. However, most daily expenses and services are very low. For someone looking to stretch their dollar, Vietnam offers excellent value. You can enjoy a high quality of life, including good food, affordable transportation, and diverse experiences, without breaking the bank.