How Much Money Do You Need To Live in Thailand
Thailand is definitely one of the least expensive places to lead a decent life. The quality of life and access to modern conveniences such as good reliable transport, good hospitals, and world-class entertainment centres have made Thailand a top destination, not only for people looking to have great vacations on a budget, but also retirees looking to make their savings go a little further.
Still, you might wonder, how much money do you need to live in Thailand? Read on to find out.
Most expats visiting Thailand wish to live close to popular hotspots such as Bangkok, whose flashy nightlife is a magnet for tourists from around the world. Obviously, such perks will definitely increase your monthly living costs in the country. Still, you can manage to lead a fairly decent life for much less than you think. Here, we will chronicle the costs of living in Bangkok, one of the most popular cities in Thailand. Bangkok is very popular among expats, although is more expensive than other cities for a comparatively similar standard of life.
Obviously, the most important factor in your budget in Thailand will be your monthly rent. There are several residential properties available for rent in the country, particularly in the major districts of cities such as Bangkok. A decently priced apartment will cost you around $350-500 per month if you are renting in popular residential districts in the city. To this price, you will need to add about $100 for amenities such as water, electricity, and internet. You may be lucky and get an apartment whose renting price also includes an Internet connection.
You can get apartments and condos for much less than this, but you will have to make serious compromises on the utilities like water and the option of living in prime residential locations. Consequently, if you are willing to live in a cheaper apartment, you can even go further and rent houses outside from the city for as low as $200 a month.
Food and Other Expenses
Eating out in Thailand, especially on the streets should not do much damage to your budget. You can eat a pretty good meal for under $5 on Bangkok streets. Some meals will even cost about $2 or less. Therefore, food could cost you about $200 each month, even if you eat out fairly regularly. You can add other expenses such as transport or gas money if you drive yourself and add a few contingent expenditures, and still spend less than $500 a month, rent included. If you choose to live places that are more popular such as the major residential districts in Bangkok, the prices for the same standard of living will obviously be a little higher.
But, essentially, you can live a pretty decent life for less than $1000 in Thailand, as many expats already are.
For about $1000 a month, you can lead a fairly exciting life in Thailand by living in Bangkok. Obviously, if you have more to spend you can live in expensive residential districts of the city and spend more on entertainment. The most important factor will obviously be the amount of monthly rent you will have to pay. Food, utilities, and limited entertainment are quite cheap and will generally cost about as much as your rent. $1000 per month could be enough as long as you can control your budget and avoid the many temptations of Bangkok’s nightlife!