Is the cost of living in Vietnam high?

"The cost of living in Vietnam is generally considered to be very affordable in comparison to other parts of the world. Rent, transportation and groceries are all costs that are significantly lower than many other countries. The cost of living tends to be higher in larger cities like Hanoi and Ho Chi Minh City than in smaller towns and cities, where living costs are cheaper. Rent for a nice 1 bedroom apartment can range anywhere from $200-$400 per month, and for a 2 bedroom, rent starts at about $350 and goes up from there. Eating out in moderately priced restaurants in Vietnam usually means you can get a decent dinner for around $4 - $7 USD. In smaller towns, the cost may be slightly less," explained one expat living in Vietnam.