Added: Atalie Westberg - Date: 09.09.2021 17:59 - Views: 29219 - Clicks: 1337
It's an awesome country, too, of course. Additionally, branded clothes and beauty products can be pretty expensive too: think Nike real trainers and anti-wrinkle skin creams. But overall, Thailand still ranks as one of the cheapest places to live in SE Asia, even cheaper, overall, than Laos — would you believe? That said, it's worth bearing in mind that the cost of living varies greatly between regions and cities. Initially I planned to cross reference some cost of living websites and provide averages, but I found them to be pretty off the mark, particularly when it came to housing.
So I decided to walk around the shops myself and compile my own list based on my personal everyday experience of the cost of living in Bangkok. However, supermarket food items and entertainment beer, meals out are likely to be about the same. Please note that as with any country, supermarkets are competitive and pricing varies for different items, albeit by a few Baht. Do a big shop once a week, if you have a fridge. People tend to nip round to for everything, and not only does this result in eating unhealthy snacks all the time, it costs a lot more to live this way.
If you're thinking of buying a condo in Thailand? You'll want to read this first.
You will always pay more if you secure a condo rental contract through a website or an agent. The best deals are always found by putting foot to ground. I recommend that you first find temporary accommodation in an area that you are interested in, and then explore the area and walk into apartment blocks and speak with reception about their rates. Of course, if you are renting privately from a private owner, then you are likely to find those condos listings on websites. Being from the UK I'm used to finding bargains on branded clothes pretty much everywhere, especially in the January sales.
But as you can see from the above, buying branded clothing in Thailand not a good idea if you are on a budget. Instead, you can find great T-shirts, shorts and vests in supermarket chains like Tesco and Big C. You can also get great bargains in markets and support local sellers. Personal care items can be pretty expensive. I can't use any other razors other than the Gillette Mac 3, or Fuzion series.
Of course there are alternatives, but if there is a particular brand that you do not deviate from, then you will do well to stock up on it before you arrive — and then ask anyone who's visiting you to bring you a top up. The trick to saving money on entertainment is to know where you are going and what prices to expect. Tourists tend to get stung because they are eating out in tourist areas in restaurants known to be expensive.
Also consider that some restaurants are considered more prestigious Average cost of living in thailand they are in an upmarket area or entertain a certain type clientele. You'll soon get a handle on scoping out local places that sell the same food and drink as they do in tourist-targeted restaurants and bars at half the price. You'll also find that Starbucks really isn't much cheaper than it is back home.
Beer is cheap, but if you're drinking double the amount and going out every other night it's going to burn a hole in your pocket. Up until this point, you're probably thinking how amazingly cheap it is in Thailand. But one thing that isn't cheap, is a private school education. You probably won't want to put your child in a public school, because standards are poor and the first language is Thai, of course.
In Bangkok, specifically, private school fees start can set you back anywhere fromBaht per year to 1m Baht per year, depending on the school and age of the. If you are a teacher and you have secured a job at a private school, the likelihood is that your child will get a place at that school as one of the benefits. Similarly, if you are relocating to Thailand for a job with a multinational company, particularly a financial firm, they may allocate a subsidy for your child's education.
But for those who are teaching in a public school, or working for a company that does not provide a subsidy, schooling can be very expensive. And when it comes to private schools, it isn't just the tuition fees that you have to consider. You must also factor in additional costs such as transport, after-school clubs, school trips, and all the other stuff that comes along with schooling.
You can see a list of private schools in Bangkok and their associated fees by clicking here. Transferring money from your bank back home to a Thai bank is an additional expense. Worst of all, you will be at the mercy of the bank's exchange rate, which of course is not the real mid-market rate but a rate the bank sets themselves.
Fortunately, by using TransferWise, you can cut out the bank fees and get the real exchange rate. Additionally, you can set up a TransferWise Borderlesswhich means you wouldn't need to use Average cost of living in thailand local Thai bank — though it is useful to have one. The Borderless is perfect for travelers and expats because it lets you hold multiple currencies and spend the money in any country at the local conversion rate. You can also convert money inside the too tip: do this on a favorable currency exchange rate day.
You'll pay low conversion fees, and zero transaction fees. This type of is also useful for those who get paid in multiple currencies; freelance workers, for example. You can have this money paid into your Borderless give the payee yourand then you could convert the money inside the to Thai Baht, or allow the to convert it into Thai Baht as you spend on your debit card. In my experience, you pay less rent on the islands, but eating can be a tad more expensive and you tend to spend more on socializing. There are many teachers living in Thailand on such a salary.
You can buy fruit in bulk from the market instead of buying daily from stalls, or choose to take public transport instead of taxis. For example: we live within walking distance of the MRT train station, and have the luxury of a cheap restaurant on site at our condo block. Being able to walk to the station will save you money on taxis.
And having cheap food options, with just a phone-call downstairs, is super-handy. I am able to invest this money in having good food at home, which is where a lot of my money goes. I used to spend 1, Baht a month on gym membership, until I found one for less than 2 quid a year. I have a wife and a daughter, so I pay medical insurance and life insurance — but you might say this is paid in part by money I save from giving up that gym memberships.
Click to find out how much medical insurance will cost you. On the other hand, if you have kids or other dependents that will need a nest egg when you walk through the pearly gates, it makes sense to be smart with your money. Consider things like:. How Much is Health Insurance for Thailand? Takes 2 minutes. Want More on the Cost of Retiring in Thailand?. I use Thaipod Last Updated on March 16, Aug 09, at am. Aug 09, at pm. Aug 10, at pm. Aug 02, at am.
Aug 02, at pm. Aug 07, at am. Aug 08, at am. Jun 18, at pm. May 01, at pm. May 02, at pm. May 27, at am. May 27, at pm. Feb 08, at pm. Feb 09, at am.Average cost of living in thailand
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Cost of living in Thailand: Your guide