Cost of living and prices in Yangon, prices of food, rent, shopping, etc. 🇲🇲
Updated Jul 2023
Discover the cost of living in Yangon, Myanmar, a city located in Southeastern Asia. Its coordinates are 16.84094 latitude and 96.17353 longitude, with an elevation of 30 meters above sea level. The population of this bustling city is 5.43 million people, and it operates on the Asia/Yangon time zone (GMT: 6.5).
While Yangon is the largest city in Myanmar and a hub for business and commerce, it is also an affordable destination for expats and travelers. The cost of living in Yangon is significantly lower than many other Asian cities, with reasonable prices for accommodation, transportation, and food. However, prices can vary based on location, lifestyle, and preferences.
As Myanmar opens up to the world, Yangon is becoming increasingly popular among expats and digital nomads. With its unique mix of traditional and modern culture, beautiful temples and architecture, bustling markets, and delicious cuisine, Yangon offers an exciting and affordable experience for those willing to explore this charming city.
Cost of Living Estimate in Yangon
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Restaurants prices
Yangon is a melting pot of Burmese and international cuisine offering a range of eating options from street food to fine-dining restaurants. The city is known for its spicy, flavorful dishes that are sure to tantalize your taste buds. One of the must-visit places is the Bogyoke Aung San Market, which boasts of a wide variety of local food stalls. You can indulge in a range of delicious and affordable eats, including tea leaf salad, mohinga, and samosas. For those looking for a more refined dining experience, Yangon has luxury restaurants that serve both local and international cuisine, with a focus on traditional Burmese cooking methods.
If you're willing to explore further, a short drive outside the city center will take you to the outskirts of Yangon, where you'll find local eateries in charming villages. These hidden gems are perfect for those seeking a more authentic experience. Some of the popular picks include Shan Noodle Shops, which offer a variety of noodle dishes originating in the Shan state. Another favorite is the BBQ street in the Thuwanna neighborhood, which serves an array of grilled meats and seafood. Overall, the diverse food scene in Yangon offers something for everyone, from street food to fine-dining, making it a must-visit destination for foodies.
Markets prices
Market prices in Yangon, Myanmar can vary greatly depending on the product or service being offered. However, in general, prices tend to be more affordable compared to other major cities in Southeast Asia. This is due to the country's relatively low cost of living and its developing economy. Consumers can expect to find a range of goods and services at a variety of price points, from traditional street vendors to high-end luxury boutiques.
One thing to keep in mind when shopping in Yangon is that haggling is a common practice. Vendors may initially quote a higher price, but it is often expected that customers negotiate for a lower price. This can be a fun and engaging experience for some visitors, but it is important to be respectful and mindful of local customs. Overall, the market prices in Yangon make it an attractive destination for budget-conscious travelers or those looking to stretch their dollars a bit further.
Transportation prices
Yangon, the former capital of Myanmar, has a variety of transportation options to choose from. Taxis are a popular choice for many visitors as they are widely available and relatively affordable. It is recommended to negotiate the fare before entering the taxi to avoid any surprises. While taxis are convenient, they can be slow during rush hour traffic. For a faster option, consider taking a ride on one of the many motorcycle taxis, known as “motors.” Keep in mind that motors may not be the safest option, so be sure to wear a helmet and negotiate the fare before hopping on.
If you are looking for a unique transportation experience, consider taking a ride on the circular train. This train route circles around the outskirts of Yangon and offers scenic views of the city and surrounding countryside. The train is a popular option among locals and provides an opportunity to interact with them. However, the train can be hot, crowded, and slow, so be sure to bring water and wear comfortable clothing. Another fun option is taking a boat ride on the Yangon River. There are various types of boat trips available, each offering a different experience, such as sunset tours or visiting nearby villages. Boat rides can be a relaxing way to escape the hustle and bustle of the city and see it from a different perspective.
Utilities Per Month prices
When traveling to Yangon, it's important to keep in mind the cost of utilities. The cost of electricity is generally quite high in Myanmar, and Yangon is no exception. This makes air conditioning and other electronic devices quite expensive to use. However, for those who are willing to look for more affordable options, there are ways to save money on utilities while traveling in Yangon.
One option for reducing utility costs in Yangon is to be mindful of your water usage. Drinking water is readily available in stores and restaurants throughout the city, but other water usage can be quite expensive. For example, taking a long shower or filling up a bathtub can easily drive up your utility costs. By being mindful of your water usage and making an effort to conserve water whenever possible, you can help keep your utility bills under control while traveling in Yangon.
Sports And Leisure prices
Yangon, formerly known as Rangoon, is a fantastic city that offers plenty of leisure and sports activities for locals and travelers alike. Being the largest city in Myanmar, Yangon has urban parks and gardens, vibrant nightlife, and places to enjoy sports such as football, golf, and bicycles. The city is home to a spectacular botanical garden named Kandawgyi Park where people can enjoy a picnic, a stroll, or a boat ride. Besides, there are plenty of bars and nightclubs where people can watch live music, dance, and enjoy drinks with other locals and visitors.
For sports enthusiasts visiting Yangon, there are many exciting opportunities to explore. Football is undoubtedly the most popular sport here, and people can enjoy watching friendly games or tournaments. For golf lovers, the city has several courses, including the premier Royal Mingalardon Golf and Country Club that hosts international tournaments. Additionally, Yangon is bike-friendly, and people can enjoy cycling through the city's streets and countryside areas. Whether visitors prefer leisure or sports activities, Yangon has something to offer for everyone's taste and interests.
Salaries And Financing prices
Salaries and financing in Yangon, Myanmar can be quite different from what travelers are used to in other countries. The average salary in Yangon is relatively low, which can make it difficult for locals to live comfortably. However, this also means that prices for goods and services can be much lower than what travelers might expect from a major city. For example, food and accommodation can be quite affordable, especially if you're willing to explore beyond the tourist hotspots.
If you're planning a trip to Yangon, it's important to be aware of the local financing options. Many businesses in the city still operate on a cash-only basis, so it's a good idea to keep some local currency on hand. ATMs are available, but they can be unreliable or not accept foreign cards. Credit card acceptance is generally limited, so it's wise to carry cash and maybe a travel card. This will help ensure you can pay for your expenses without any issues and make the most of your time in the city.
Childcare prices
Childcare prices in Yangon can vary based on the type of institution you choose for your child. For instance, schools and kindergartens charge different fees. Even though the prices of kindergartens may vary depending on the location, it is generally more affordable compared to schools. Schools, on the other hand, can be quite expensive, with their fees being comparable to that of international schools.
Despite the difference in pricing, most childcare institutions in Yangon pride themselves on providing high-quality education to their students. They maintain that their level of education and care is worth the price and that parents get value for their money. Additionally, most of these childcare services operate on a full-time basis, providing working parents with an affordable and safe place to leave their children while they work.
Clothing And Shoes prices
Yangon, Myanmar offers a unique shopping experience for clothing and shoe enthusiasts. Visitors can find great deals on both traditional and modern clothing in local markets and shopping centers. The downtown area of Yangon has numerous boutiques and department stores offering a wide selection of clothing and shoes, from affordable everyday wear to high-end designer brands. There are also several shopping centers in the city that cater to different budgets and tastes.
For those looking for more traditional and cultural clothing, local markets such as Bogyoke Market offer an interesting variety of traditional clothing, including longyi, a sarong-like garment. In addition to clothing, visitors can also purchase shoes of all styles in Yangon. From traditional handmade slippers to modern sneakers, the city has a wide variety of shoe options for all budgets. With so many options available, Yangon is a haven for anyone looking to revamp their wardrobe or simply add a unique piece of fashion to their collection.
Rent Per Month prices
If you're planning a short stay in Yangon, Myanmar, you'll be happy to know that there are plenty of short-term rent options available. From hotel rooms to serviced apartments, there's a range of accommodation choices to suit different budgets and preferences. Whether you're looking for a luxurious stay or something more basic, you'll find it all here.
As for prices, you can expect to find a variety of options depending on the type of accommodation and location. Generally speaking, hotel rooms tend to be more expensive than serviced apartments, but this can vary depending on the level of luxury and amenities offered. In addition, if you're flexible with your location and timing, you may be able to find some great deals on short-term rentals. Just be sure to do your research and book in advance to secure the best possible rates.
Buy Apartment prices
Yangon, Myanmar is a city with a rapidly growing real estate market. With a variety of buying options available, investors and homebuyers can choose from luxurious condos, apartments, and townhouses to more budget-friendly options like single-family homes and duplexes. Prices vary greatly depending on location, property type, and amenities.
New developments in the downtown area and surrounding neighborhoods boast state-of-the-art facilities and modern designs. However, for those looking for a more traditional property, there are many historic homes available for purchase. While the real estate market has steadily increased in value over the past few years, prices in Yangon are still considerably lower than other major Southeast Asian cities. Whether one is looking for a spacious family home or a trendy city apartment, Yangon offers a diverse range of real estate options to fit any budget and lifestyle.