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Cost of Living in Bangladesh

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.

Restaurants

RESTAURANTS

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.

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 1.78
Domestic Beer (0.5 Liter) $ 2.97
Water (0.33 Liter) $ 0.18
Markets

MARKETS

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.

Average Market Prices
Milk (1 Liter) $ 0.79
Loaf Bread (500g) $ 0.57
Eggs (12) $ 1.15
Transportation

TRANSPORTATION

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.

Average Transport Prices
One Way Ticket $ 0.36
Monthly Pass $ 14.28
Gasoline $ 1.08
Utilities

UTILITIES (MONTHLY)

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.

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
Sports and leisure

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.

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
Clothing and shoes

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.

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
Rent per month

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.

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.

10.3%
39.2%
20%
4.6%
8.6%
3.6%
13.6%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

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%.

Average Salary$ 343.68
Minimum Wage$ 66.4
Mortgage Interest Rate11.10%

Cost of Living by City in Bangladesh

*Click the name of the city for more information.

City Cost of Living Index
Dhaka 31.57

3 Comments

  1. Josh

    Very interesting stuff. I would think those with high paying jobs are in the city center and those with low paying or no jobs are outside of the city center. That mortgage rate is incredibly high too, wow! I doubt many people own homes there. Bangladesh is pretty dangerous, isn’t it? I think many terrorist attacks are there.

    Reply
  2. Darren Webster

    It’s amazing to see the huge differences in costs between countries. Someone from the west could save 20-30k and live like a king in Bangladesh! I suppose once that money runs out you’d be living like everyone else though. Still, really fascinating to think about. Some people spend more on coffee a month in the US than the minimum wage here!

    Reply
  3. Abdul

    My family are of Bangladeshi origin, we moved to the UK in the mid 90s. As much as I’d love to see how and where my grandparents lived, I just don’t think it’s very safe there. Maybe at some time in the future, but for now I feel very comfortable in Bristol. People are very nice here.

    Reply

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