Living in Bangladesh is cost-effective, with an average living index of 22.5. You’ll find it is 2.77 times cheaper than the global average. Housing costs for a one-bedroom apartment range from $81.10 to $130 monthly, while basic utilities cost around $19.20. Dining is affordable, with meals at restaurants averaging 200.00 ৳. Transportation is budget-friendly too, with a monthly pass costing approximately 1,800.00 ৳. Explore further to discover more financial insights.
Cost of Living Overview in Bangladesh
While Bangladesh is known for its rich culture and history, it’s also remarkable for its cost of living, which ranks considerably below the global average. The average cost of living index in Bangladesh is 22.5, making it approximately 2.77 times less expensive than the global standard.
Bangladesh’s living costs are notably lower, at 2.77 times less than the global average.
In Dhaka, the cost of living index rises slightly to 23.1, due to elevated urban expenses. Dining out is affordable; a meal at an inexpensive restaurant costs about 200.00 ৳, and dining for two at a mid-range restaurant averages 1,000.00 ৳.
Transportation is also cost-effective, with a one-way local transport ticket priced at 50.00 ৳ and a monthly pass around 1,800.00 ৳. Living expenses are manageable, as basic utilities for a standard apartment average 3,372.45 ৳ monthly.
Considering the average monthly net salary after tax is 28,446.58 ৳, Bangladesh offers a financially accessible lifestyle.
Housing and Utilities Expenses
Exploring the affordability of life in Bangladesh naturally leads to examining housing and utilities expenses. Renting an apartment in Bangladesh is significantly budget-friendly. A one-bedroom apartment in the city center costs around $130 monthly. Opting for a location outside the city center reduces this to about $81.10. For those requiring more space, a three-bedroom apartment in the city center averages $261.
Here’s a quick glance:
| Expense Type | Average Monthly Cost |
|---|---|
| 1-Bedroom (City Center) | $130 |
| 1-Bedroom (Outside City Center) | $81.10 |
| 3-Bedroom (City Center) | $261 |
| Utilities for One Person | $19.20 |
Basic utilities, including electricity, heating, and water, are roughly $19.20 monthly. Internet services with speeds of 50 Mbps or higher cost around $12.70. Compared to many Western countries, the lower housing and utilities expenses in Bangladesh offer an attractive alternative, especially for those wary of a higher cost of living.
Dining and Food Costs
Dining-out affordability in Bangladesh presents a compelling case for budget-conscious individuals.
Discover Bangladesh’s dining-out affordability, a paradise for budget-conscious food enthusiasts.
With dining options ranging from inexpensive eateries to mid-range restaurants, you can enjoy a diverse culinary experience without breaking the bank.
Here’s a breakdown of common dining and food costs:
- Inexpensive Dining: A meal at a budget-friendly restaurant costs around 200.00 ৳, allowing you to enjoy local flavors affordably.
- Mid-range Dining: Dining for two at a mid-range establishment averages 1,000.00 ৳, offering a more upscale experience without substantial financial strain.
- Beverage Costs: A pint of domestic beer is approximately 500.00 ৳, making it a reasonably priced choice for those who enjoy a drink with their meal.
- Fast Food Value: Combo meals at fast food outlets cost about 4.77 USD, remarkably lower than in Western countries, providing a cost-effective alternative.
These dining and food costs illustrate Bangladesh’s affordability, allowing you to explore various culinary options without excessive expenditure.
Transportation and Commuting
Maneuvering transportation and commuting in Bangladesh offers a range of affordable options that cater to various needs. A one-way ticket for local transport costs about 50.00 ৳, making public transportation an economical choice.
For those who travel frequently, a monthly transport pass at approximately 1,800.00 ৳ provides unlimited travel, offering both convenience and savings.
If you’re considering taxi services, expect a starting fare of around 100.00 ৳, with additional charges based on the distance. For instance, an 8 km taxi ride in downtown areas costs about 4.09 $, allowing for flexibility and comfort in urban commuting.
For personal vehicle users, gasoline prices are approximately 469.60 ৳ per gallon, greatly impacting overall transportation expenses. These prices necessitate careful budgeting, especially for those relying on personal cars for daily commuting.
To summarize, Bangladesh’s transportation costs are competitive, with options suitable for different commuting preferences and financial considerations.
Comparison With Global Averages
How does the cost of living in Bangladesh stack up against global averages? It’s considerably more affordable. With a monthly cost of about $413, living in Bangladesh is 2.77 times cheaper than the global average. This low cost is reflected in its ranking of 193rd out of 197 countries.
You’ll find that key expenses like dining and housing are much lower than in countries like the U.S., where restaurant prices are 796.3% higher.
Here’s a deeper look:
- Apartment in City: Renting an apartment in the city is far less costly compared to Western nations.
- Interest Rate: The economic environment often features lower interest rates, impacting savings and loans differently.
- Salary Coverage: The average salary of $276 covers only 0.7 months of expenses, highlighting economic challenges.
- Utilities: Basic utilities cost around $19.20 monthly, much lower than in many Western countries.
Bangladesh offers affordability, yet economic challenges persist.
Frequently Asked Questions
Is Bangladesh Cheap or Expensive?
You’ll find Bangladesh is generally cheap, supported by a cost of living index considerably lower than the world average. Affordable housing, transport, and everyday goods like meals and groceries make it a cost-effective place to live.
What Is the Average Income in Bangladesh in USD?
Picture yourself in a 1980s arcade, the average income in Bangladesh is about $276 USD after tax. You’d see this income supports living expenses for roughly 0.7 months, reflecting economic challenges and a low cost of living.
Can a US Citizen Buy Property in Bangladesh?
Yes, you can buy property in Bangladesh as a US citizen. However, follow local laws and regulations, obtain a tax identification number, and register the property. Hiring a local real estate attorney is advised for managing complexities.
What Is a Good Salary in Bangladesh per Month?
A good salary in Bangladesh is around 40,000 ৳ ($400) per month. This lets you manage essential costs comfortably. Aim for a salary exceeding $413 monthly to maintain a comfortable lifestyle, surpassing average living expenses.
Conclusion
Living in Bangladesh is like maneuvering through a budget-friendly landscape, where your wallet breathes easier. Housing and utilities are affordable, dining doesn’t break the bank, and transportation is a mere drop in the ocean compared to global averages. You’ll find that every taka stretches further, painting a picture of a cost-effective lifestyle. Data shows Bangladesh’s cost of living is a featherweight contender in the global arena, offering a blend of affordability and comfort.
