According to a new study conducted by numbeo.com, the average monthly cost of living in Cambodia is just over $500 USD, making it one of the cheapest places to live in the world.
In addition, International Living has named Cambodia as one of the most affordable places for expats to live and retire comfortably, ranking third in a 2022 survey.
Not only this, but Cambodia is also a beautiful and welcoming country with a rich culture and history.
For investors, property in Cambodia offers some of the lowest entry prices in Southeast Asia with great rental yields and capital appreciation prospects.
Living costs in Cambodia
Cost of living is low compared to other countries, with average monthly costs 21.84% lower than in the UK.
A country known for low taxes and a welcoming climate for expats, it’s easy to live off of a reasonable pension for a long time.
Despite low cost of living, quality of life remains high. This makes it an attractive place to relocate for both retirees and digital nomads.
Phnom Penh has been one of the leading locations for expat living. An influx of foreign investment in recent years has led to more businesses, amenities, and quality international schools geared toward foreigners.
Transportation
In general, local transportation costs 73% less than in the USA. A one-way ticket on a local bus costs just $0.25 USD, and a tuk-tuk ride (a popular form of transport in Cambodia) will set you back around $1 USD. Gasoline is also very cheap, at just $0.60 USD per litre.
Utility costs are low
Utility costs such as water, electricity and internet are also relatively low in Cambodia. Water is particularly cheap, at just $0.02 USD per litre, while a monthly electricity bill will set you back around $30-35 USD.
Food Prices in Cambodia
Food and drink prices in Cambodia are some of the lowest in the world.
A meal at a modest restaurant will cost you around $2-3 USD, while a beer or soft drink will set you back just $0.50 USD. On average, groceries in Cambodia are 51.48% lower than in the United States.
Healthcare costs are reasonable
Healthcare in Cambodia is of a good standard and is generally very affordable. A consultation with a general practitioner will cost you around $15 USD, while a visit to a dentist will set you back around $25 USD.
Cambodia offers a high quality of life at a fraction of the cost of living in developed countries.
Whether you’re looking for an affordable place to live or retire, or you’re interested in investing in property, Cambodia is definitely worth considering. With its low cost of living and beautiful scenery, it’s no wonder that this country is becoming increasingly popular with expats from all over the world.
Contact us today to discuss property investment opportunities.
