Laos is a developing country in the region, especially in tourism. If you travel to Laos or have a plan to work at Vientiane, the heart of Laos, it’s obvious that the average salary in a person will be concerned. To get the right perspective on a person’s salary in Vientiane, we pose a question that: Is it possible for a person who wants to have a comfortable life in Vientiane? To find the answer, the following will partly help you better understand this issue.
Minimum Salary in Vientiane, Laos
In fact, Laos is one of the lowest minimum salaries in the ASEAN region, only losing to Myanmar, which has a very problematic economy due to its recent history. Up to now, the minimum salary in Vientiane as well as in Laos was established by the government and became effective as of May 1st, 2018 at the rate of 1.100.000 KIP ( 130 US dollars). This exchange rate may be changed in the middle of 2019.
Average Salary in Vientiane, Laos
According to the recent report, the average net salary in Vientiane is 253 US dollars per month. It cannot deny that this figure is lower than the western standards and the other wealthier countries near Laos like Thailand and China.
Generally, what bothers you about Laos is the purchasing power, even if the salaries are quite low in Laos, the cost of living is in pair with the income. Therefore, if you wonder about moving to Laos due to its cheap option, this is not guaranteed.
Laos Economic Outlook
Although your salaries in Laos are low, Laos still is one of the fastest-growing economies in the world with a growth rate well above 5% since 2000. In fact, this improves that Laos is a good place to invest, especially if you have a local partner, the chance will be higher, but if you don’t have, the employment opportunities are quite restricted. However, you can still get hired fairly easy as an English teacher, or stay in Laos as a foreigner if you have a passive income or work online.
Cost of Living in Laos
It is clear that, in Vientiane, there are some criteria table is higher than in other countries. The low criteria such as Alcohol & Tobacco, Groceries, Healthcare, Personal care, Restaurants meals out, and hotels. Meanwhile, communication, education, furniture & appliances, miscellaneous, recreation & culture, and transport are higher. Moreover, clothing, house accommodation are average.
How Much Does It Cost to Live in Laos?
Indeed, upon your requirements and where you live, the cost of living can be higher or lower. In Vientiane, if you expect to work there, you can rent an apartment available from $500 US and up, even less if your requirements don’t run to air conditioning and Western-style accommodation more than Luang Prabang which is overrun with rich foreign tourists.
There is one thing for anyone who has a passion for Laos Cuisine. Laos food is exceedingly cheap in the market. Just only small money, you can have a big meal with a full stomach. The restaurants run from $3-5/ meal and up for those catering to tourists. The restaurants are more beautiful view can be $30-50 ( Luang Prabang or Vientiane). In the rural area, you can eat until your stomach is full which uses little money.