Bangladesh is regarded as being one of the world’s fastest-growing countries today. and settlers alike are drawn to it because of the reduced cost of living than in other countries.
This is owing to the low earnings of the workers, who earn less than $100 per month, making the country cheap and accessible to anyone who wishes to live there. This could be a perfect area to reside if you earn your wage in a country other than Bangladesh.
Bangladesh receives extremely few visitors. Few explorers make it here, whether it’s due to a lack of spectacular sights or a terrible reputation. This is a pity, for Bangladesh has a lot to offer the adventurous traveler. Bangladesh, like its more well-known neighbor India, is incredibly budget-friendly, and the people are extremely pleasant.
Table of Contents
Is Bangladesh a Cheap Country?
Bangladesh’s cost of living is higher than most people assume. Rent and food are two of the most expensive goods in the country. A monthly bus pass costs $12, and a liter of gasoline costs $1.08. Utilities are also inexpensive. Prices are greater in Bangladesh than in Australia and Europe, yet they are reasonable for the Bangladeshi standard of living. The only thing you should be concerned about is the cost of transportation, which can take several hours to reach the job. The quickest way to get to work is to walk.
The cost of living in Bangladesh is relatively modest, with an average monthly expenditure of 948 USD for a household of four. A family of four can manage to live in a comfortable apartment and eat properly despite the high cost of living. A three-bedroom apartment in the city center costs around $284 per month. You’ll also need to set aside about $200 per month for private school for your two children, as well as about $85 per month for groceries. Furthermore, a cell phone for a couple costs around 162 USD.
Bangladesh has a low cost of living, making it an attractive location for tourists. A family of four may live comfortably on a budget of roughly $946 per month. A three-bedroom apartment in the city center costs roughly 284 USD per month for those who want to start a family.
In comparison to many other Asian countries, Bangladesh has a low cost of living. A one-bedroom apartment, on the other hand, can cost roughly 117 USD. A monthly gym membership might cost as much as 115 dollars. A two-person cell phone will cost you back around $162. Bangladesh’s cost of living is low, but it is still quite reasonable. If you’re concerned about the cost of living, Numbeo is a good place to start.
Why Does Bangladesh Have a Low Cost of Living?
Bangladesh has a comparatively low cost of living. On ninety-six dollars a month, a family of four can live well. A three-bedroom apartment near the city centre will set you back at approximately $240 per month.
You’ll also have to pay for two children’s private schooling, transportation, and groceries. A cell phone for two persons will cost around 160 USD each month.
While life in Bangladesh is less expensive than in most other nations, there are still some high-priced luxury items. It is crucial to remember, however, that the cost of living in Bangladesh remains high when compared to other countries. For as low as 426 USD per month, a couple can live in a one-bedroom flat near the city centre, including groceries and a gym membership. A one-bedroom apartment in the city centre costs twice as much as the minimum wage for a family of two.
The cost of living in Bangladesh might be inexpensive for families of four, depending on the locality. A three-bedroom apartment near the city centre can be rented for as little as $220 per month. You will pay around $260 per month for your two children’s private schooling if you have two of them. You will also be responsible for paying a monthly rent of 115 USD for your children.
For a single person, an apartment might cost as little as 117 USD depending on the neighborhood. In the city center, groceries and restaurants will cost around 165 USD. Transportation, on the other hand, can be as little as $8 per day. Rent and food are both relatively inexpensive. The cost of groceries and daily meals are expected to be around $250. If you want to spend extra, a one-bedroom apartment in a residential neighborhood is the way to go.
Bangladesh has a low cost of living when compared to other Asian countries. A couple in a single-bedroom flat in the city centre pays 117 USD per month. Transportation, gym membership, and grocery shopping will all cost 115 and 62 dollars, respectively. A month’s worth of cell service for two people might cost up to 162 USD. However, these costs are still far cheaper than the national average in the United States.
Is Bangladesh Cheaper Than USA?
The United States is 6.1 times more expensive than Bangladesh.
Because Bangladesh is one of the world’s least-visited countries, there are few hotels dedicated to tourists. There are no hostels, and international travelers can usually only stay in one or two places. The lone exception is possibly the Shreemangal region, where there are a few fine hotels that were built with foreign visitors in mind. Hotels in Bangladesh do not always provide the best value for money, and even mid-range hotels may not always have hot water or reliable WiFi.
When looking for a place to stay, inspect the room before agreeing to anything, and ask for other rooms to be shown to you. If you’re staying in a budget hotel, try to secure a room away from the road if sleep is important to you. Also, don’t forget to inquire about a discount!
More information about the cost of various types of housing in Bangladesh may be found below. Prices are normally quoted per room, not per person.
- In cities, budget hotels range from 400 to 700 Tk (€4 to $8/$4.50 to $9).
- Hotels in the mid-range range from 1,000 to 3,000 Tk/€11 to 33/$12 to 36
- Hotels with four stars or more: 6,500 Tk/€70+/75+
Is Food and Drinks Reasonable in Bangladesh?
Rejoice: in Bangladesh, you may eat and drink (nonalcoholic beverages) for next to nothing. There are numerous inexpensive places, and you can have some really excellent tea for about 5 takas on the street, as well as a local breakfast for about 50 takas. Not a bad deal, in my opinion.
The disadvantage of dining in cheap restaurants is that sanitary standards are virtually non-existent, thus you’re certain to become ill at some time. Ordering can be difficult as well, as many waiters will be too embarrassed to approach you and take your order, or will refuse to listen to you if you do so since they have already concluded that they will not understand you.
If you want to dine in a local restaurant, go with a local acquaintance or walk into a crowded area and point at whatever you want to eat. If order proves to be too tough, don’t be afraid to barge into the kitchen and point at things.
Sit down for lunch or dinner in a hygienic environment: 200–500 Tk (€2–5/$2.30–6)
On the street, tea and snacks cost 5–10 Tk/€0.05–0.10/$0.05–0.10
If you want to go to a luxury restaurant, expect to pay prices that are comparable to those in the United States for food and drinks.
It can be difficult to get around in Bangladesh. It’s not always easy to figure out where or when transportation to your intended location departs. It might be a hassle to sort out everything, especially if you want to take a launch. For further information, see the Bangladesh travel guide.
As difficult (and frightening) as it is, moving around Bangladesh is relatively inexpensive. Within cities, you can move around for near to nothing by taking (cycle) rickshaws, and taking the bus or boat won’t break the bank either.
What Are Some General Insights on Living in Bangladesh?
Despite their modest salaries, many Bangladeshis spend their money in local restaurants. This could be owing to the low cost of food, with a decent lunch costing about $2. It is not uncommon for the price of the beer to exceed the cost of the food.
Food consumes the majority of a monthly budget, despite the fact that many people believe it is not that expensive. Food prices, however, are reasonable and cheap when compared to their salaries. Buying food at the market is usually a good idea if you want to save money.
True, you can save money on rent by renting an apartment outside of the city center, but this would necessitate the use of public transportation to get to work.
A monthly pass costs roughly $12, and if you own a car, which is not common in Bangladesh, a gallon of gasoline costs $1.08. You avoid paying basic utilities such as electricity, heating, water, and garbage by paying relatively high rent in comparison to minimum income. Service prices are cheaper than in Europe and Australia, but they are in line with the living standards of the people who live there.
Experiencing entertainment, such as going to the movies, is inexpensive in this city. For $6, you can see the most recent release. The low fitness club fee rates will astound sportspeople who come to live here but earn salaries in more developed countries. It is not surprising that clothes and shoe prices are low in Bangladesh due to the majority of people’s hardscrabble lifestyles. A pair of pants and a dress may be found for less than $30, which is extremely cheap in comparison to Australia.
When you look at the average cost of a one-bedroom apartment in the city centre, you’ll see that it’s twice as much as the workers’ minimum monthly wage, making it difficult to rent. The cost of renting an apartment outside of a city is $80 per month, which is pricey for them but appropriate. Despite the fact that rent in Bangladesh is expensive, this is not where the majority of the money is spent.
People are aware that if they want to pay less for their flat, they should relocate outside of the city center, which will result in a significant reduction in the cost. Utilities and clothing account for the smallest percentage of the monthly expenditure.
A visa is required for several nations to enter Bangladesh. Ensure that your passport is valid for at least six months after your arrival in Bangladesh. Bangladesh’s official currency is the Bangladeshi Taka. Most large towns and cities have ATMs that accept international cards, while smaller communities do not, at least not in large numbers. Keep in mind that if you use your foreign card to withdraw money from an ATM, you will be charged a convenience fee of a few hundred taka. Bangladesh has a subtropical monsoon climate with varying levels of rainfall, high temperatures, and humidity depending on the season. Bangladesh has three different seasons: a hot, humid summer that runs from March to June; a chilly, wet monsoon season that runs from June to October; and a cool, dry winter that runs from October to March.
In our country, scams are all too common. As in most impoverished nations, there is a slew of tourist scams, and it’s no surprise that locals will take advantage of any opportunity to extort money from you. Everything should be double-checked, and everything should be negotiated ahead of time. When taking a taxi, be sure the driver uses the metre or negotiates the fare before getting in.
Given that Bangladesh’s national minimum salary does not surpass $68 per month, the country is impoverished, and the people’s living conditions are harsh. It is difficult for them to survive a month because they cannot afford most of their monthly bills.
Those that earn at least the average monthly pay, on the other hand, are in a far better position. Above all, getting your own home is incredibly tough, with mortgage interest rates hovering around 12%.