How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide: Bangladesh (ISO code: BD)
Traveling to Bangladesh is an exciting adventure, and for a week-long mid-range stay, travelers should budget approximately BDT 50,000 to BDT 70,000 (around USD 450 to USD 630). This should comfortably cover accommodation, meals, transportation, and activities. Here’s a breakdown of typical daily expenses in the Bangladeshi Taka (BDT):
- Meal at a local restaurant: 🍛 BDT 300
- Public transport fare: 🚍 BDT 30
- Prepaid SIM card: 📱 BDT 1,000
- Budget hotel or Airbnb: 🏨 BDT 2,500
Overall, Bangladesh is quite affordable for travelers compared to the United States and Australia, where similar expenses can cost almost double. In the U.S., a meal might cost USD 15, and budget accommodations can easily run USD 70–100 a night. With that said, visitors can enjoy a rich cultural experience without breaking the bank in Bangladesh!
Living Costs and Financial Tips for Expats
For expats living in Bangladesh, typical monthly living costs can range from BDT 80,000 to BDT 150,000 (approximately USD 700 to USD 1,350), depending on lifestyle choices. Essential expenses include housing, groceries, utilities, and transportation. When it comes to banking, it's best to keep cash on hand for small transactions since some places may not accept cards. However, major credit and debit cards are widely accepted in urban areas. Sending and receiving money can be efficiently handled through services like Wise or OFX, which often provide better exchange rates and lower fees compared to local banks. It’s generally advisable to exchange a portion of your currency locally to avoid excessive conversion costs, but for larger sums, online transfer services could be a more economical choice.