Vol. III · No. 47 · Q1 2026 EditionUpdated Weekly · ECB FX

WorthOf

A global ledger of salary, tax & the price of living

City Comparison · Updated May 2026

Ho Chi Minh City

Vietnam

COL index 30.8

vs
Lisbon

Portugal

COL index 71.2

Ho Chi Minh City vs Lisbon — Cost of Living, Salary & Tax Compared (2026)

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The verdict

Living in Ho Chi Minh City is 56.7% cheaper than Lisbon for the same lifestyle.

Based on Q1 2026 COL index and median single-person expenditure.

§ 01

Side-by-side stats

Better for salaryBetter for cost
Ho Chi Minh CityMetricLisbonΔ
30.8Cost of living index71.2+131.2%
€50,000Median gross salary€50,0000.0%
€43,700Net at €50,000 gross€32,496-25.6%
€540Rent — 1BR centre€1,450+168.5%
€838Monthly COL (single)€2,014+140.3%
€141,883PPP — net / COL€45,641-67.8%
12.6%Effective tax @ €50,00035.0%+177.8%
§ 02

Monthly expenses — paired

Ho Chi Minh City Lisbon
Rent — 1BR centre
Ho Chi Minh City
€540
Lisbon
€1,450
Groceries
Ho Chi Minh City
€168
Lisbon
€320
Utilities
Ho Chi Minh City
€88
Lisbon
€130
Transport
Ho Chi Minh City
€14
Lisbon
€40
Internet
Ho Chi Minh City
€12
Lisbon
€36
Gym
Ho Chi Minh City
€16
Lisbon
€38
§ 03

Salary equivalence

50,000 gross in Vietnam = €3,642 net monthly.

To have the same purchasing power in Lisbon, you would need roughly €195,509 gross in Portugal (≈ €8,418 net monthly, adjusted for cost-of-living index).

€50,000
Ho Chi Minh City
€43,700
Net annual · 12.6% effective
PPP-adjusted equivalent
€141,883
Lisbon
€32,496
Net annual · 35.0% effective
PPP-adjusted equivalent
€45,641
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§ 04

Pros & cons

Ho Chi Minh City
  • +Significantly cheaper rent (€540)
  • +Low overall cost of living (index 31)
  • +Favourable tax rate (12.6%)
Lisbon
  • High rent-to-income ratio (62.5%)
  • +14-month salary structure
§ 05

The verdict

Across the data, Ho Chi Minh City delivers a higher take-home on a €50,000 gross salary; Ho Chi Minh City carries a lower cost-of-living index; Ho Chi Minh City has the lighter effective tax burden; Ho Chi Minh City wins on purchasing power after costs are netted out. If purchasing power is your north star, Ho Chi Minh City edges it.

§ 06

Frequently asked

Is Ho Chi Minh City cheaper than Lisbon?+

Ho Chi Minh City is cheaper. Cost-of-living index: Ho Chi Minh City 30.8, Lisbon 71.2 — a 56.7% difference (Q1 2026).

What is the cost of living difference between Ho Chi Minh City and Lisbon?+

Ho Chi Minh City sits at 30.8 on our COL index, Lisbon at 71.2. That works out to roughly 56.7% — Ho Chi Minh City being the cheaper of the two.

Is Ho Chi Minh City a good place to live compared to Lisbon?+

It depends on priorities. Ho Chi Minh City delivers €43,700 net on a €50,000 gross salary at a 12.6% effective tax rate. Lisbon delivers €32,496 at 35.0%. Centre 1-bed rent: €540 vs €1,450.

How do salaries compare in Ho Chi Minh City vs Lisbon?+

On a €50,000 gross salary, take-home is €43,700/year (€3,642/month) in Ho Chi Minh City and €32,496/year (€2,321/month) in Lisbon.

Which city has lower taxes, Ho Chi Minh City or Lisbon?+

Vietnam has the lower effective rate at €50,000: Vietnam 12.6%, Portugal 35.0%.

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