Ads, View All This article oddly makes Thailand seem like any other place. Thailand is filled with so much diversity and culture, that whatever you choose to do here will be fulfilling and memorable. The lifestyle also makes a big difference. Actually, I don’t know that much about Chiang Mai. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. I don’t know if we can live in the booney, it’s too boring there. Share a table. But your family’s living on $1,300 per month sounds pretty luxuriant too so I guess it could really be possible to make a good living there for around $1,500. ... My wife is Thai. Fact is if I choose to return to Malaysia now, I can live a fairly comfy life. After all that, return home, count your smiles, friends, kisses, and maybe even a tear or 2, and then dig deep to see what it is all worth. Healthcare, however, is the big mystery. If you live on a budget at home, adopt the same budget in your chosen home, Eat as you would, dance as you should, and sleep in like everyday is a Sunday. 75% will never buy adequate medical coverage (will spend $1000’s to fly home if needed, but will not spend 1/3rd of that for annual coverage that is 100% better than US medical services). I lived there for half a year and it’s wonderful to live in the tropics. I have many friends that have gone to Thailand and loved it. Retired military at 31? I wonder why Thai products are cheaper in the UK. Oh, I put ? If you eat local, and live like a local and not an expat, it will be much cheaper. There are some lower cost Japanese (Yipun) food in what amounts to a fast food version of a traditional restaurant – usually found in some of the malls. It’ll be a while though. Great to see the numbers – living on $1,000 a month Thailand sounds like a pretty nice retirement to me! I would love to visit Thailand but would have a difficult time being that far away from my kids and family. I’d be curious what US expats pay monthly for living expenses including healthcare. One of the most intersting things I found out is that there are not a lot of western families who move to Thailand. It seems like they keep changing it.) But it only work’s in favour of Thai goods being exported!!! It all depends on what happens, I guess. They can always come visit us if they miss us. We haven’t been there for over 10 years. 🙂. I need to be close to water, so perhaps there are lakeside houses? nice write up i might do it by 40 but i am 51 now and looking into it when i turn 57 and i probably live south near phuket and enjoy the beach but my first 2 years i plan to buy a street glide if harley still makes them i know the cost twice as much but i want to ride through Laos Cambodia, Vietnam and Malaysia and of course Thailand, i know i have to keep a residence there in order to stay there to retire, and obtain a multiple entry visa to do that, If you could email me back I’d greatly appreciate it I’m 31 years old and I’m retired military so I make about 34 hundred a month I do have a lot of medical needs more or less I need for scriptions for things such as pain high blood pressure stuff like that are those medications readily available or do you have to get them through a doctor like for instance my blood pressure medication and my pain medication in Mexico I could go to the corner and purchase them at the local pharmacy in Thailand what I have to go to a doctor’s office get the prescription to get them filled or are there local pharmacies. I hope South America will still be affordable in 15 years. Not as an retirement option but for living in general as a lot of places are just so much cheaper than the US. You didn’t include the cost of utilities, internet, phone, etc for Japanese retirees; are the utilities usually included within house rent? If you are looking for a quite paradise that is affordable contact us at [email protected]. I think the Thai government prefers short-term visitors. I think people need to stop looking at pictures of beautiful Thai beaches. Northern Thailand is pretty far from the beaches. I’d probably take the train or fly. Also, despite the fact that Thailand is the second most dangerous country in the world to drive in, I chose to have a motorcycle rather than a car so transportation costs were minimal. The amount you spend on healthcare really depends on your health. I think anywhere in central city would work because Chiang Mai is not that big. You mentioned a condo would be around $50,000. I’m very curious to find out because we are planning to live in Chiang Mai for a few years after Mrs. RB40 retires. But opting out of some of these cookies may affect your browsing experience. The complex has more than 100 retail outlets including Macy's, Boston Market, Marshall's, Applebee's, blink Fitness, Starbucks, our own medical and dental offices, most major banks and much more. There were some riots and coups, but they generally leave foreigners alone. I,m single and spend 4000 per month. And although my girlfriend cooked most nights (Thai food) its just as cheap to eat out in Thailand. When a US person becomes a resident of another country, what are the tax implications? Lucky me I recently found your blog by chance (stumbleupon). Good luck! BREITLING EMERGENCY MISSION, MODEL B73321, 52 apartments + 4 shops on 3 rai and 31 square wah for 40 MB, Patek Philippe 5040J Perpetual Calendar Perpetual Automatic Watch, 2010 LEOPARD 39 OWNERS VERSION, SPARINGLY USED IN IMMACULATE CONDITION. A single person estimated monthly costs are 401.94$ (29,221.69₹) without rent. What you stated is what all of the lawyers will tell you because they make good money setting up these companies to get around the law and which are illegal. Thanks for sharing these budget numbers! In regards to Paul Smith’s comments about having food and sex for little or nothing, I think is a mis comprehension of Asia that belongs in the 70’s and 80’s. This includes spending a night with an adorable Bangkok escort! Chiang Mai is cheaper than Bangkok, but it sounds as if it isn’t THAT much cheaper any longer. This site requires Javascript. 90% will never own a car. There are more relaxing spots in Thailand too. What are the rules, if any, about foreigner ownership of property in Thailand? I would say Chiang Mai offer me nice environment with nice people that still lingering in my memory. I’ll check with my dad. To rent a condo (2BR, 60 sqm) in Bkk will cost around USD 600 per month away from the city center, less if on the outskirts or in the districts. I have families in Thailand and they can help me figure things out when I move here. She shoveled snow all day yesterday. Good luck!! Everything just keeps getting more expensive. It is rather divorced men who do so. My wife an I are on the other side of 40….I retired last year but got pulled back into a job which might take a year or so to manage a computer transformation at a local plant. My wife and I did most of our international travels with my small company in the 80’s and 90’s so we no longer feel the need to travel around the globe now that we are retired. We may receive a referral fee if you sign up through the links on Retire By 40. The rent will be affordable and you can take a few years to see if it’s the right move for you. I would rent for a while before buying. $3,000 per month seems to be top spending there for complete luxury. You might not like it once you’re there for a few months. So if you like Thai food there is really no reason to spend a lot on your food. This is a great plan, Joe! Chiang Mai sounds like a city to investigate. (Unless you live in the neighborhood…) Financially? (I think that’s the current rule. Those being how I live, and what I eat. Enjoy! Buying monthly bus and train passes. My Thai friends tell me you are absolutely correct about the cost of living. This is what I’d spend if I live in Chiang Mai. And no i dont live extravagently. Nothing major happened to me though. I would be so fat if I retired in Thailand! Isn’t that why you moved? It all depends on your lifestyle. Anyway, I would love to live in Chiang Mai for a few years. $3,400 per month is approximately the pay out for 100% VA disability. And the great thing is that the tastiest food always comes from the cheapest places – either the little hole in the wall open-air places where you sit on cheap plastic chairs, or in the food courts of shopping malls and department stores. I averaged about $15 a night for a nice mid level hotel and around $8 a day for food in Chiang Mai ( about 1.50 breakfast / lunch and $5 dinners ). No stomachache or diarrhea. Ads. I can find a small room in a hotel A/C, fan, refrig, hot water about 800, 900 meters from the beach for maybe 5,000B plus power and water (power is 5B/ unit and water is about 100B/ week). It’s not as great as most people think. For small stuff, I’d probably go to a private clinic and pay. I’m very curious what the education options would be for your child especially if this happens in high school or if you want to be close by for college? That sad with all that there is plenty of great stuff to surprise you that is not quantifiable in monetary terms…. 2001 Mercedes-Benz C-Class 200 Kompressor, only driven 5,000 Km! Ads, View All Now you can get a retirement visa that’s valid for a year. It’s quite nice down south near the beaches. This guide on Thailand work permits shows you how. One last question, are you honestly saying that your parents totally rely on the public health system? How are you getting access to the free public healthcare? Health insurance is still a big question here. My parents don’t have health insurance and rely on public healthcare. In Chiang Mai, roughly $230 a month in rent pays for nice but basic digs. These cookies do not store any personal information. I LIVE IN Thailand and I must say I am quite impressed with your cost of living figures, have lived in Thailand since 2003 now. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. Oh yeah, and be 50 or over. Here is an estimate of their living cost in Thailand. Thailand’s second major city was founded in 1296, previously the capital of the Lanna Kingdom until 1558, which included parts of modern-day Myanmar and Laos. I need to emphasize that you want to EAT WHERE YOU SEE THAI PEOPLE EATING. About a week ago we had a meteor shower. We rent one for $500 a month. Yeah, some US locations are quite expensive. My dad rents several condos to Japanese retirees. I am a non-alcoholic person; so can’t really comment on beverages but that (along with entertainment) seem to be a bit high too! From BKK u can travel around and it is really fun . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. My parents own a home in Malaysia that I will inherit at some point, I may still decide to return to Malaysia when the time comes. Ride a bus, a train, and even a ferry. It is a bit hot here, but I’d take 90 degrees heat over snow any day. It’s a long way off though so there might be a lot of changes by then…. I buy local medical insurance for us both, and still save for an escape plan if needed. Maybe $6-7/drink. Lots of people lost power, a big branch broke off our neighbor’s tree and almost hit our house, our gutter froze and our basement is wet, our car needed to be move, and lots more. They’re incredibly helpful. Based on Thai folklore. I’ll have to visit again. But I think the main challenge would be cultural. 🙂. Chiang Mai and Bangkok are tourist traps and I think that’s why the prices are so much higher. With tournament preparations on and keeping COVID-19 guidelines in mind, Team India have left for Bangkok en route Dubai from Hyderabad. we been Thailand over 30 times with kids so far. When Medicare kicks in, we can move back to the US part-time. Overall we spend about $2500 a month right now, but I expect that could go lower if the USD continues to strengthen against the THB. I have a studio condo 150 meters from a MRT station on the purple line (Bangkok side, not Nonthaburi), pay utilities, water, internet, cell phone (x2), food (x2, and a mix of street food and mid-level restaurants), groceries for 2, car insurance, gasoline, clothes, shoes, needs, wants, travel (x2) and as a couple we average around $1,850 per month. Great idea to use it as a base for exploring Asia. Joe, i need an advice. I’m pretty sure we’ll be back and forth a lot even if we live in other countries. I thought the city had a great feel to it, a nice pace, great cost of living, and Thai food is the best. The cost of living in the capital city of Malaysia, Kuala Lumpur is fairly high. Otherwise, just move to Florida. I am about to take 6 months of work And get A 3 month visa stay in thialand I want to give chang Mia Ago around June and rent for 3 weeks Can you recommend a good location that is quite close to shops and all amenities this will be with a view to retire with my thia girlfriend in 2017 Any help would be appreciated. I do some research. It actually costs me less in the US to retire even in Berkeley, California since I’m familiar where to get all the cheap groceries and entertainment since I know most music venue owners who let me in for free. Also, I don’t have to deal with any visa problems. I had visited Bangkok twice and stayed 3 weeks each visit. I have been to Thailand many times, and I plan on retiring there very soon in the next few years (I will be in my 50’s by then). IF you can stand being a little more spartan, you could try somewhere in ISSAN (that’s NORTHEAST THAILAND) for an even lower cost. We have almost no mosquitoes year round. Luxury 2-3 bedroom house, located at Phoenix Gold Golf Club. I’ve also thought a lot about moving overseas for the lower cost of living as a way to afford early retirement and cover the gap prior to being able to tap into SS and medicare. I like your article. Sounds like a no brainer for you to move there! I’ve not tried bugs and don’t think I ever will. Imported stuffs are expensive so I usually send cargo boxes of stuffs to the Philippines: like ten cargo boxes through a Philippine freighter like LBC which gives you a 24 by 20 by 20 box, unlimited weight for 55 bucks door to door. That’s cheap. So no houses unless you are married to a Thai citizen (I think.). I have two kids.
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