Cost of living and prices in Rangoon, prices of food, rent, shopping, etc. 🇲🇲
Updated Jul 2023
Rangoon (or Yangon) is the largest city in Myanmar, located in the southeastern part of Asia. It has the coordinates of 16.84094 latitude and 96.17353 longitude and is situated at an elevation of 30 meters above sea level. With a population of 5,430,000 people, Rangoon is the most populous city in Myanmar.
While Rangoon is known for its rich cultural heritage, it is also an affordable place to live. The cost of living in Rangoon is significantly lower than other Asian cities of comparable size and quality of life. For example, rent for a one-bedroom apartment in the city center averages about $214, and a meal at an inexpensive restaurant will cost you around $2.50.
One of the highlights of living in Rangoon is its unique blend of modern and traditional cultures. The city boasts a vibrant street food scene, bustling markets, stunning temples, and modern shopping centers. Healthcare and education are also quite affordable in Rangoon, making it an attractive city for expats and students.
Another benefit of living in Rangoon is its convenient location. It is well-connected by air, road, and rail to other parts of Myanmar and major cities in Southeast Asia. Overall, Rangoon is a fantastic city to live in, thanks to its affordability, cultural richness, and easy accessibility.
Cost of Living Estimate in Rangoon
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Restaurants prices
When it comes to dining in Rangoon, one of the most exciting options to explore is the city's street food scene. There are countless vendors selling everything from crispy samosas to spicy curries and noodle dishes. Many of these street food options are quite affordable, making them an excellent choice for those traveling on a budget. Just be sure to exercise caution when it comes to hygiene, and look for vendors with a steady stream of customers to ensure that the food is fresh and safe to eat.
If you're looking for a more upscale dining experience, there are plenty of excellent restaurants to choose from throughout Rangoon. Many of these establishments specialize in traditional Burmese cuisine, which often incorporates fresh seafood, rice, and local spices. Some restaurants also offer international options, making it easy to satisfy any craving. Prices at these restaurants are typically higher than street food vendors, but still quite reasonable by Western standards. Be sure to check out some of the top-rated establishments online before you arrive to help narrow down your choices.
Markets prices
Market prices in Rangoon, Myanmar can be quite different from what one may expect in other Southeast Asian cities. The cost of living can vary depending on the area, with some neighborhoods being more expensive than others. Generally speaking, prices for basic goods may be quite affordable, but more luxurious items can be prohibitively expensive.
One reason for the high prices of certain specialty goods is a lack of importation. Rangoon is somewhat isolated from the global economy, and it can be difficult to source high-end and imported goods. However, there are still many markets around the city where you can find affordable prices for daily necessities like fresh produce. Additionally, shopping at local markets is an enjoyable cultural experience and a great way to interact with the local community.
Transportation prices
When traveling to Rangoon, Myanmar there are several transportation options available. One of the most popular options is the Yangon Circular Train. This train is an affordable way to see the city and its surroundings. The train takes approximately three hours to complete its circular route and stops at various stations including markets, neighborhoods, and suburbs. It is a great way to experience the daily life of the people in Yangon. Another popular option is to rent a bike. This is a fun and healthy way to explore the city. There are several bike rental shops in Yangon that offer a variety of bikes to fit your needs. With its flat terrain and traffic, cycling is a safe and enjoyable way to see Rangoon at your own pace.
If you prefer to stay off the beaten path, then taking a water taxi along the Yangon River may be the option for you. The water taxi is a traditional wooden boat that ferries passengers across the Yangon River to various destinations including local markets, temples, and other landmarks. It is a unique and authentic way to experience the city. The boat may be crowded, but it will give you a glimpse of the daily life of the people who live and work along the river. Another option is to take a trishaw, which is a type of bicycle taxi. This mode of transportation is a convenient way to jump from one neighborhood to another and gives you the chance to see more of the city up close.
Utilities Per Month prices
Travelers planning a trip to Rangoon, Myanmar may want to be prepared for high utilities costs. The cost of electricity, water, and gas can be significantly higher compared to other Southeast Asian countries. However, the good news is that most hotels and guesthouses include these costs in their room rates, so travelers don't have to worry about additional charges.
It's important to note that Rangoon experiences frequent power outages and unstable water sources, especially during the dry season. This can be frustrating for travelers who rely on constant electricity and running water. However, many hotels and guesthouses have backup generators and water tanks to ensure a comfortable stay. Visitors may also want to consider bringing a portable charger and bottled water just in case.
Sports And Leisure prices
Rangoon, also known as Yangon, is a haven for sports and leisure enthusiasts. The city is home to several large parks, including Mahabandoola Garden and Kandawgyi Nature Park, where visitors can take a relaxing stroll, enjoy a picnic, or rent a boat to explore the lake. Golf lovers can spend their time at the top-rated courses in the city such as Pun Hlaing Golf Club and Yangon Golf Club. Moreover, there are several gyms and fitness centers specializing in yoga, cardio, and other sports activities to keep people energized and fit.
The city is also home to several stadiums where visitors can witness the local passion for football. Thuwunna Stadium is the largest football stadium in Myanmar located in the city. In addition, there are several other indoor sports facilities throughout the city, including indoor basketball and badminton courts and bowling alleys. Visitors can also indulge in shopping at local markets or high-end shopping centers such as Junction City or Myanmar Plaza. Overall, Rangoon offers an abundance of sports and leisure activities for visitors to enjoy, making it a perfect holiday destination for families, groups, and solo travelers.
Salaries And Financing prices
When it comes to salaries and financing in Rangoon, Myanmar, it's important to note that the cost of living is relatively low compared to other major cities in the world. This means that travelers can expect to stretch their budget further when exploring this fascinating city. However, it's worth keeping in mind that salaries in Myanmar can be quite low, particularly outside of the tourism industry. As a result, it's important to support local businesses and vendors where possible, as this can provide a much-needed boost to the local economy.
When it comes to financing during your trip to Rangoon, it's worth taking the time to research and compare different currency exchange rates in order to find the best deal. While ATMs are widely available in the city, it's worth noting that some may charge high fees for international withdrawals. Additionally, it's worth carrying some cash with you as not all establishments may accept credit or debit cards. Overall, travelers to Rangoon should find that financing their trip is relatively easy and straightforward, provided they take the time to plan ahead and do their research.
Clothing And Shoes prices
Rangoon, Myanmar offers a wide range of options when it comes to buying clothing and shoes. From traditional Burmese wear to modern fashion trends, you can choose from a variety of styles and materials. The prices vary depending on the brand, quality, and design, but you can find affordable options in local markets and street vendors. For those who prefer a more upscale shopping experience, there are several malls and department stores that offer international and local brands.
If you're looking for unique and authentic clothing and shoes, Rangoon also has a number of specialty shops and boutiques. You can find hand-woven textiles, intricate embroidery, and handmade leather shoes that are made by skilled artisans. These specialty shops offer a range of prices, but the quality and craftsmanship are worth the investment. Shopping in Rangoon is a great opportunity to discover new styles and support local businesses.
Rent Per Month prices
If you're planning a short stay in Rangoon, Myanmar, you'll be pleased to know there are plenty of short-term rental options available. From spacious apartments to cozy guesthouses, you're sure to find something to meet your needs and budget. Short-term rentals in Rangoon are ideal for both business and leisure travelers, offering privacy and flexibility that traditional hotels simply can't match.
The cost of short-term rentals in Rangoon depends on a number of factors, such as location, size, and amenities. However, regardless of your budget, you're sure to find a rental that suits your needs. From basic budget accommodation to luxurious serviced apartments, there's something for everyone in this bustling city. Plus, with so many options available, you're sure to find a rental that's conveniently located to the sites and attractions that matter most to you.
Buy Apartment prices
Real estate buying options in Rangoon, Myanmar are plenty. The city is rapidly developing, hence, new and modern condominiums, apartments, and commercial spaces are mushrooming all over. The old colonial buildings are also being refurbished to meet the modern standards but still retain their classic charm. This makes Rangoon a good prospect for investors seeking to tap into the booming real estate market in the city. However, as with all developing cities, prices can vary depending on the location and the type of property one is interested in.
Additionally, Rangoon offers different real estate buying options depending on the resources and preference of the buyer. While purchasing a property outright is normal, leasing or renting are also available. Commercial spaces, for instance, can be leased for a shorter period, say a year, while residential apartments are usually rented for longer periods. The real estate market in Rangoon is competitive, hence, it is important to do proper research and consult professionals before making any investment decisions.