Living in North America is getting more and more expensive. Many are barely just getting by and living from paycheck to paycheck. Imagine for a minute you could live a life of luxury for only $500 a week!?
You wake up in luxury house overlooking the pool. The temperature is 27°C and stays that way almost all year long. Your housekeeper has already prepared breakfast, coffee is on and the house is spotless. You choose your outfit for the day from the cleaned, pressed and folded laundry that was done for you yesterday.
You have a brief swim and then stroll into town admiring the ancient buildings that date back over 500 years. You sit down at your favorite cafe for a gourmet sandwich and cappuccino. It’s perfect for people watching as tourists stroll by and vendors sell their goods.
After lunch you head to the spa for your daily 60 minute relaxation massage. After that is over you pick up your custom made outfit at the tailor who had designed it for you earlier in the week. When then take your daily walk along the river or beach to watch the waves gently roll in. Your only decision to be made is whether you’re going to enjoy dinner in town or head home and have your housekeeper prepare your meal. Imagine all of this for only $500.00 a week.
Sounds like a dream world right? It’s actually reality for expats that choose to live in the city of Hoi An, Vietnam.
The cost of living in this small city is one of the lowest in the world. With its traditional culture, year round tropical climate and home to UNESCO world heritage site “Hoi An Ancient Town” it was recently voted in the “Top 50 Places to Visit in 2019” by Travel and Leisure.
Live Like a Millionaire for $500 a Week!
Hoi An, Vietnam - Cost of Living
We have been in Hoi An, Vietnam for three weeks now and have done our research. Between asking the locals, getting quotes and a little help from Numbeo here is how much it’s going to cost you to live as a millionaire in Hoi An!
Cost to Live Like a Millionaire in Vietnam:
Prices are in US dollars
Western style modern house rental with pool near city center: $300-$500 per month
Full time cleaner & breakfast cook: $200 per month
Daily dining out (2 meals per day at nice restaurants) : $600 per month
Daily 60 minute massage: $240 per month
Daily Cappuccino: $45 per month
Weekly custom tailored outfit including shirt, pants and shoes: $100 per month
Daily Alcohol: 6 beers or 1 bottle of wine per day: $120 per month
Weekly manicure and pedicure: $40.00 per month
Monthly Utilities: $75.00 per month
Unlimited Data Cell Plan: $10.00 per month
Total monthly cost to live like a millionaire in Vietnam: $1930.00
Cost to Live Like a Millionaire in Canada:
Being Canadian we wanted to know what this standard of living would cost back home!
For comparison we used US dollars as the currency.
Modern house rental with pool near city center: $3500
Full time house keeper & breakfast cook: $3500 per month
Daily dining out (2 meals per day at nice restaurants) : $3000 per month
Daily 60 minute massage: $2850 per month
Daily Cappuccino: $120 per month
Weekly custom tailored outfit including shirt, pants and shoes: $2000 per month
Daily Alcohol: 6 beers or 1 bottle of wine per day: $450.00 per month
Weekly manicure and pedicure: $400.00 per month
Monthly Utilities: $400.00 per month
Unlimited Data Cell Plan: $80 per month
Total monthly cost to live like a millionaire in Canada: $16,300 US (around $21,000 Canadian)
Ready to Live Like a Millionaire for $500 per week?
In Canada we could’ve never afforded the luxuries we’re able to in some parts of the world. The beautiful town of Hoi An, Vietnam is a paradise but tourism continues to increase dramatically every year. Get here while it’s still affordable and enjoy some of this luxury for yourself!
3 Years ago we sold everything and headed out to travel full time. We would have even done it sooner if we had known just how far a dollar can go.
Cover Photo: Courtesy of Hoi An Pool Villa