cost of living in the United States. However, the cost of living in Bangladesh varies depending on where you live. In general, you’ll spend less money on food and entertainment than in the United States, but you’ll spend more money on municipal services and transportation.
Bangladesh’s history
Bangladesh is a country located in eastern South Asia. The region now known as Bangladesh was first settled at least 8,000 years ago and has a long and varied history. The region was part of the Great Gangetic Plain, which stretched from the Himalayas to the Ganges River basin.
The first inhabitants of what is today Bangladesh were Indo-Arya people who migrated to the region from what is now northern India around 1000 BCE. The Bengali people are descendants of these early settlers. From the end of the 12th century onwards, Bengal emerged as an independent kingdom under Hindu rule. In 1577, Islam spread to Bengali through conquest by Muslim armies led by General Ziauddin Barani.
In 1971, East Pakistan (now Bangladesh) became an autonomous province within the Pakistani federation. A nationalist movement began to grow in East Pakistan in response to discrimination and economic neglect by the central government in Islamabad. On August 15, 1971, East Pakistan declared independence as Bangladesh after a bloody civil war with pro-Pakistani paramilitary forces backed by the Pakistani military. Bangladesh became an independent nation on December 16, 1971.
Benefits of Living in Bangladesh
- Affordable cost of living:
The cost of living in Bangladesh is relatively lower than most countries in South Asia. With a per capita GDP of just $2,600, it is one of the cheapest places to live on Earth. Basic needs like food items, transport, and municipal services are affordable for the average Bangladesh.
- High quality of life:
Despite being one of the poorest countries in the world, Bangladesh offers an excellent quality of life for its citizens. The country has a relatively high standard of living with excellent healthcare and education systems. Life expectancy is 75 years, which is above the global average.
- Beautiful beaches:
A big reason to live in Bangladesh is its stunning coastlines. There are dozens of beautiful beaches within easy reach and countless others located across the country. Bangladesh’s beaches are known for their clear waters, soft sand, and abundance of tropical wildlife.
- Home of beautiful natural attractions
Bangladesh is home to some stunning natural attractions that can be enjoyed without spending a penny. Some popular tourist destinations include the Sundarbans Mangroves, Rakshasa Hills National Park, and the beaches of Cox’s Bazar. These areas offer visitors many opportunities to explore nature by enjoying picturesque views and temperate climates.
Bangladesh’s Gross Domestic Product
Bangladesh ranks 116th out of 190 countries in terms of GDP per capita, with a 2009 figure of $2,643. Inflation rates in Bangladesh are high, averaging 10.5% a year. The cost of living is also on the rise in Bangladesh, with food prices rising by an average of 10% a year and housing prices doubling within the past five years. As a result, many people find it increasingly difficult to make a living.
The good news is that there are ways to save money in Bangladesh. For example, one can live without air conditioning using ventilators or opening windows during the hottest months. One can also save food by eating at home instead of going out to restaurants or buying groceries from convenience stores. Furthermore, you can find discounts on goods and services if you buy before making a purchase.
Transportation Cost
The average Bangladeshi resident spends just $0.50 a day on transport, which is one-seventh of what an American spends on transport. That means there is plenty of money to spend on other things, like food and accommodation. Furthermore, due to the lack of traffic overload in Bangladesh, it only takes 10 minutes to travel from one end of the country to the other by car.
Bangladesh’s excellent transport system makes it a great place to visit too. It only takes about two hours by car to explore all the major tourist destinations in Bangladesh, such as Dhaka City, Sylhet City, Kushtia Town, Rajshahi City, and Barisal Town. Shipping to Bangladesh is also relatively cheap, with a one-way trip typically costing less than $5.
- Housing Costs
Bangladesh is a poor country with a population of over 150 million people. The cost of living in Bangladesh is high and apartments are often inaccessible to the average person. The average monthly rent for an apartment in Dhaka is around US$250, and food costs can also be quite high. A survival diet can cost up to $5 a day.
The cost of living in Bangladesh varies depending on where you live. Dhaka, the capital, is more expensive than rural areas. Furthermore, some basic amenities, such as water and electricity, are not always available in rural areas. However, despite the high cost of living, many people can get by working in odd jobs or relying on family support.
- Cost of nutrition
Bangladesh is one of the world’s most densely populated countries, with more than 150 people per square kilometer. This high population density means food is expensive in Bangladesh. The cost of a kilo of rice, for example, can be as much as $2.50 in Dhaka.
To offset the high cost of food, many people in Bangladesh depend on agriculture and fishing. In addition to these traditional methods of farming, farmers in Bangladesh are increasingly using modern farming techniques like crop rotation and fertilizer to boost their productivity. Despite these advances, the cost of living remains high, making it difficult for many Bangladeshi families to escape poverty.