Bangladesh is in Southern Asia, bordering the Bay of Bengal, between Burma and India. The climate is tropical with mild winters and hot, humid summers. The official language is Bangla (also known as Bengali). English is widely spoken in government and business circles, as well as by some staff at hotels, airports and railway stations, but elsewhere English might not be spoken. The main religions are Islam and Hinduism. The economy of Bangladesh remains a developing nation despite continuous domestic and international efforts to improve its economic and demographic prospects. Its per capita income in 2008 was US$520 compared to the world average of $10,200. Bangladesh grows very significant quantities of rice (chal), tea (Cha) and mustard. Although two-thirds of Bangladeshis are farmers, more than three quarters of Bangladesh’s export earnings come from the garment industry. A large part of foreign currency earnings also comes from the remittances sent by expatriates living in other countries. Bangladesh is a conservative, hierarchical society, but with elements of Western business practices. Expatriates should take account of Islamic sensibilities. Men and women should dress modestly. Many wealthy Bangladeshi's have been educated at Western universities. Although public physical contact between sexes is unacceptable, it is common to see men walking in the street holding hands. Homosexuality is not recognised and it is advisable to be discreet about a homosexual lifestyle while in the country. Expatriate business dress should be conservative and meetings may need to be scheduled around the five daily Islamic prayer times, each lasting about five minutes. The security risk for expatriates in Bangladesh is medium but high for the Chittagong Hill Tracts and Dhaka. Risks include those related to protests, general strikes, kidnapping of business people for ransom (mostly local) and generalised crime. Other risks include those associated with heavy rain during the monsoon period. The currency of Bangladesh is the Bangladeshi Taka (BDT). Care should be taken when using credit cards as there is the potential for fraud. ATM's can be found at most international bank branches and in some international hotels. Medical facilities are generally poor. Routine tests and X-rays are generally unreliable. For expatriates serious illness or injury may require evacuation. The population of Bangladesh is 162.9 Million (2019 est.), while the inflation rate (CPI) is 5.54% for Bangladesh as at September 2019. Xpatulator Hypothetical Tax for Bangladesh is based on the current personal income tax rates which are progressive up to 30%. Within Bangladesh we also cover Dhaka.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Bangladesh is as follows: Bangladesh as at 1 November 2019 is very low in comparison to other places in the world. 1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$620. Average price in a store for a midrange bottle of wine is USD$11.83, domestic/local beer (500ml) USD$2.10, imported/international beer (330ml) USD$4.33 and a pack of 20 cigarettes is USD$2.65. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$480. Average price for an international brand of mens jeans is USD$25, a quality international brand of running shoes USD$56, mens leather shoes suitable for office wear USD$43 while a medium size international summer dress from a global chain store is USD$27. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$142. Average price for a monthly standard plan internet subscription is USD$28, while the benchmark mobile tariff is USD$0.01 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$15000. Average annual private international school fee (excluding extras) USD$9,845 for Primary School, and USD$10,955 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$2725. Average price for a 6kg front loader Washing Machine is USD$798, and USD$685 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$640. Average grocery prices in a major international retail store for 1 kg apples is USD$1.90, 1 kg oranges USD$1.85, 1 head lettuce USD$0.32, 1 kg potatos USD$0.28, 1 kg boneless, skinless, chicken breast USD$3.39, 1 kg cheddar cheese USD$7.17, 1 dozen large eggs USD$1.18, 500g loaf white bread USD$0.60, 1 L full cream milk USD$0.81, and 1.5 L water USD$0.31. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$530. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$43, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,329. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2300. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$1,711 in a central location, and USD$1,002 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$345. Average price for dry cleaning (1 mens 2 pc suit) is USD$6.69, while an international newspaper is USD$2.06. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$175. Average cost for a mens haircut and blow dry is USD$14, while a womens hair colour, cut and blow dry - medium length is USD$71. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$270. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$5.33, and an international fitness, recreation or sports club membership cost for one adult is USD$21 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$440. Average cappuccino price (regular, medium) is USD$1.91, coke/pepsi (330ml) USD$0.32, burger meal (international franchise or similar) USD$5.33, and a mid-range international restaurant meal for 2 USD$7.69. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$650. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.08, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$32,546. Bangladesh is -14.3% cheaper than USA for groceries, -14.1% cheaper for household costs than UK, and 64.7% more expensive for transport costs than India. The hardship premium for Bangladesh for an expat from Australia, is for example 20%, i.e. host location (Bangladesh) premium of 30% minus home (Australia) location premium of 10%. Bangladesh is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bangladesh? Register subscribe to your home location and Bangladesh and run your personalised reports.