Cost of living and prices in Myanmar, prices of food, rent, shopping, etc 🇲🇲 Updated Jul 2023
Myanmar is situated in South-Eastern Asia, sharing borders with countries such as Bangladesh, China, India, Laos, and Thailand. The country spans over 678,500 square kilometers and has a population of 53,414,374 with a population density of 78.72 people per square kilometre. Burmese is the official language of Myanmar, and the country uses Burmese kyat as its currency. The country's GDP is $59,430,000,000, with a GDP per capita of $1113. Myanmar offers a unique and affordable cost of living experience for tourists and expats. The country's food, accommodations, and transportation are relatively inexpensive compared to Western countries. Apart from the low cost of living, Myanmar is known for its natural beauty, rich cultural heritage, and historical significance. Tourists can explore ancient temples, pagodas, and monasteries across the country. One of the popular places to visit in Myanmar is the former royal city of Mandalay which has many cultural and historical landmarks. Another place to visit is Inle Lake, where tourists can experience the unique culture of the Intha people and witness the breathtaking beauty of the lake and surrounding mountains.
Cost of Living Estimate in Myanmar
You can calculate cost of living in Myanmar by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Myanmar is home to a diverse range of restaurants that offer a variety of flavors and cuisines. Visitors to the country can expect to find everything from local street food stalls to high-end dining establishments. Traditional Myanmar dishes tend to be rich in flavors and use fresh, locally sourced ingredients. Many dishes may incorporate rice, a variety of curries, and seafood. Vegetarians will also find a range of options, with many restaurants offering meat-free alternatives to popular dishes. For those looking for a unique dining experience, there are plenty of restaurants serving up fusion dishes that blend traditional Myanmar cuisine with flavors from around the world.
One of the most interesting aspects of eating in Myanmar is the prevalence of tea shops throughout the country. These casual eateries offer simple dishes, including traditional Myanmar breakfasts and snacks, along with a variety of teas. Visitors to the country should definitely take the opportunity to have a meal at one of these tea shops, which are often filled with locals enjoying a cup of tea and a quick bite. Additionally, food markets and street food stalls offer a chance to try local delicacies, including fried snacks, soups, and noodle dishes. While street food may not be for everyone, it can be a great way to experience the local culture and cuisine without breaking the bank.
Market prices in Myanmar can fluctuate greatly depending on various factors such as location, season, and availability of goods. Due to the country's underdeveloped economy, certain products can be costly when compared to neighboring countries. However, this also means that there are opportunities for entrepreneurs to import affordable goods and sell them at a slightly higher price for profit.
Travelers and locals alike should always exercise caution when making purchases in markets as bargaining is a common practice. It is important to research and compare prices beforehand to ensure a fair deal. Additionally, the country has experienced inflation in recent years, impacting overall market prices. As Myanmar continues to modernize and attract foreign investment, it will be interesting to see how the market prices evolve and adapt.
One of the most unique and immersive transportation options in Myanmar is by taking a ride on the circular train in Yangon. This slow-paced train ride takes passengers on a journey through the bustling markets and residential neighborhoods of the city, providing an up-close view of local daily life. The train cars are open-air, allowing for a refreshingly breezy ride, and the friendly locals onboard are usually happy to strike up a conversation with curious travelers. The circular train is a great way to experience Myanmar's culture and meet some friendly locals along the way.
For a more adventurous transportation option, travelers can embark on a boat journey up the Irrawaddy River. This vast river runs through the heart of Myanmar, passing by lush jungles, rural villages, and ancient temples. Boats can be rented for a journey of a few hours or for multi-day excursions, with the option to sleep onboard under the stars. The boat ride is an unforgettable way to see the beauty of Myanmar's natural landscapes and connect with the country's rich history and traditions.
Utilities Per Month prices
One thing to keep in mind when traveling in Myanmar is that utilities costs can be relatively high compared to other countries in the region. This includes things like electricity, water, and internet. While some areas may have more affordable options, travelers should be prepared to pay a bit more for utilities than they might expect.
Another factor to consider when it comes to utilities in Myanmar is the reliability. While power outages and water shortages are not uncommon in many parts of the country, some areas may have more consistent service than others. It's important to do research on the specific region you'll be visiting to get an idea of what to expect in terms of utilities reliability and cost. Planning ahead and choosing accommodations and activities that prioritize sustainable energy use can also be a good way to reduce your environmental impact while also potentially saving on utilities costs.
Sports And Leisure prices
Myanmar offers visitors a rich variety of sports and leisure activities to choose from. Adventurous travelers can enjoy trekking and hiking in rugged mountain terrain or exploring dense rainforests. Those seeking a more sedate experience will find plenty of opportunities for bird watching, photography, and cultural tours. The country's lakes and rivers offer ample opportunities for water-based sports, such as kayaking, rafting, and fishing. And of course, visitors can always relax and unwind in one of Myanmar's many luxurious resorts, spas, and wellness centers.
For sports enthusiasts, Myanmar has a thriving local football league and an active martial arts community. Visitors can watch matches or participate in training sessions and learn traditional fighting styles such as Bando or Lethwei. Golfing is also becoming increasingly popular, with courses available in Yangon and other major cities. Horse racing is another popular pastime, especially in major cities like Yangon and Mandalay, where visitors can watch races or even place their bets. Overall, Myanmar is a fascinating destination that will provide any traveler with a range of sports and leisure activities to suit their interests and preferences.
Salaries And Financing prices
Salaries and financing in Myanmar can vary greatly depending on the industry and location. In general, salaries are lower than in other Southeast Asian countries, but the cost of living is also lower. As a tourist, you may find that prices for goods and services are relatively affordable, but if you plan to work or invest in Myanmar, you'll need to research specific costs and opportunities related to your field. Keep in mind that Myanmar is still a developing country, so financing options may be limited, but there are a growing number of banks and financial institutions offering loans, savings accounts, and other financial services.
If you're considering a move to Myanmar for work or business, it's important to be aware of the local taxes and regulations. Myanmar operates on a flat tax system, with a fixed percentage of income taken as taxes. Depending on your earnings, you may be subject to different tax rates and exemptions. Additionally, regulations around investing and forming businesses can be complex, so it's recommended to work with a reputable local lawyer or business consultant to navigate these processes. Despite the challenges, Myanmar is an exciting and growing market with opportunities for businesses in a variety of sectors.
Childcare prices in Myanmar can vary significantly depending on the type of childcare and the location. In major cities like Yangon and Mandalay, parents can expect to pay higher fees for reputable schools and kindergartens that provide quality education and care for their children.
The cost of childcare in Myanmar also varies based on the type of institution. Private schools and international kindergartens are often more expensive than government-run schools and local kindergartens. However, parents may choose to pay more for private schools and international kindergartens because of their reputation and the quality of education that they provide for their children. It is important for parents to do research and budget accordingly when it comes to childcare in Myanmar.
Clothing And Shoes prices
When it comes to clothing and shoes, Myanmar offers a wide range of options for all budgets. From local markets and street vendors to high-end shopping malls, there are plenty of places to buy fashionable and quality clothing. Many of the markets in Myanmar offer traditional clothing made by local artisans, while shopping malls offer a variety of international brands. Whether you're looking for a trendy outfit or a traditional piece, you are sure to find something that suits your style.
Shoe lovers will be pleased to know that Myanmar offers a great selection of footwear as well. From sandals and flip flops to boots and sneakers, there is something for everyone. While local markets and street vendors offer affordable options, there are also a number of shoe stores in shopping malls that offer higher-end footwear. Whether you're in need of practical shoes for everyday wear or stylish shoes for a special occasion, Myanmar has got you covered.
Rent Per Month prices
If you're planning a trip to Myanmar, you might be wondering what your options are for short-term rental accommodations. Fear not, as the country has a variety of options that can suit any budget and preference. From quaint guesthouses to luxury hotels, there is no shortage of comfortable and convenient places to stay in Myanmar. Depending on your location and specific needs, you'll be able to find something that suits you perfectly.
Short-term rental options in Myanmar are widely available in most tourist hotspots, making it easy to find a place to stay regardless of your itinerary. From bustling cities like Yangon to serene countryside destinations like Kalaw or Inle Lake, you'll be able to find a variety of options. Whether you're looking to simply crash for the night after a long day of exploring or you need a comfortable base to call home for a few weeks, you can find what you're looking for in Myanmar.
Buy Apartment prices
Real estate buying options in Myanmar are starting to become more diverse, with new developments happening throughout the country. From luxurious condominiums to sprawling villas, there are various options for buyers. Additionally, there are options to purchase land for those interested in developing their own property. As the country continues to grow and develop, the real estate market is becoming more attractive to foreign investors.
Prices for real estate in Myanmar vary depending on location, property size, and type of property. While some areas are still relatively affordable, certain areas have seen a significant increase in prices due to high demand. However, prices are still generally lower compared to other Southeast Asian countries, making Myanmar an attractive destination for those looking to invest in real estate. Overall, the real estate market in Myanmar is experiencing growth and showing potential for future development and investment opportunities.