Bangladesh is one of the countries known for being one of the fastest growing in the world today.
It is very interesting to tourists and settlers, due to the lower cost of living than in other countries.
This is due to the workers’ wages that are less than $100 dollars a month and these low wages make the country cheap and affordable for people fond of living there.
If you are earing your salary in country other than Bangladesh, this might be an ideal place to live.
Even though the salaries are low, many people from Bangladesh spend money at the local restaurants.
This might be due to the low prices of meals, since you can eat a decent one for just $2.
It is not uncommon that the price of the beer is higher than the price of the dish.
Food takes the most of monthly budget, even though many people would say that it is not expensive at all.
But, when compared to their salaries, food prices are appropriate and affordable.
Buying groceries at the market is always advisable so as to be able to put some money away.
It is true that you can save some money on the rent of the apartment that is away from the city center, but that will mean that transportation will be necessary in order to get to work.
A monthly pass can be found at the price of around $12 and if you possess a car, which is not so frequent in Bangladesh, you will need to pay $1.08 for the gallon of gasoline.
By paying the quite high rent as compared to the minimum wages you do not pay basic utilities such as electricity, heating, water and garbage.
The prices of services are lower than in Europe and Australia, but they are appropriate for the standard of people living there.
SPORTS & LEISURE
Entertainment, like watching movies in cinemas, is not expensive here.
You can watch the latest release at the price of $6.
Sports people who come to live here, but earn salaries in more developed countries, will be amazed with the low fitness club fee prices.
CLOTHING & SHOES
Due to very struggling lifestyle of the majority of people living in Bangladesh, it is not unusual that the prices of clothing and shoes are not high.
You can find a pair of jeans and a dress at the price of less than $30, which is so low in comparison to Australia.
RENT PER MONTH
If you take a look at the average cost of a one bedroom apartment in the city center, you can notice that it is twice higher than the minimum monthly salary of the workers, so it is impossible to rent it.
The cost for rent of the apartments out of the cities is $80, which is again high for them, but again more appropriate.
Cost of Living Averages Table for Bangladesh
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$1.78|
|Domestic Beer (0.5 Liter)||$2.97|
|Water (0.33 Liter)||$0.18|
|Average Market Prices|
|Milk (1 Liter)||$0.79|
|Loaf Bread (500g)||$0.57|
|Average Transport Prices|
|One Way Ticket||$0.36|
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$35.31|
|1 min. of Prepaid Mobile Tariff Local||$0.01|
|Internet (Unlimited Data, Cable/ADSL)||$28.41|
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$23.66|
|Tennis Court Rent (1 Hour)||$14.32|
|Cinema, 1 Seat, International Release||$5.35|
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$25.50|
|1 Summer Dress in a Chain Store (Zara, etc...)||$28.63|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$54.91|
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$140.06|
|Apartment (1 bedroom) Outside of Center||$82.73|
|Apartment (3 bedrooms) in City Center||$379.27|
How Does the Average Person Spend Their Money in Bangladesh?
Even though rent is high in Bangladesh, this is not the area where the most money is spent.
People are aware that if they want to pay less for rent on their apartment, they should settle outside of the city center, and thus drastically lower the price.
The most money is spent on food which is extremely expensive when compared to the salaries and many people would spend their entire salary on food to provide for the family.
Utilities and clothing take the least of the monthly budget.
Bangladesh: Average Salary, Minimum Wage & Mortgages
Considering the fact that the national minimum wage in Bangladesh does not exceed $68 per month, this country is quite poor and living conditions are very difficult for those people.
Due to the fact that they could not afford most of monthly expenses, it is tough to survive a month.
On the other hand, those who earn at least the average monthly wage are in much better situation.
Above all, obtaining your own property is extremely difficult, as the mortgage interest rates are almost 12%.
Cost of Living by City in Bangladesh
*Click the name of the city for more information.
|City||Cost of Living Index|