Thailand has very high road traffic accident levels and, depending on where you're living, pollution can also pose a hazard to your health. No problem. Touching base again. http://www.expatistan.com/cost-of-living Let say I can afford house maid when living in Chiang Mai but cannot in other city. Most surgery costs 30% to 40% less than in western countries. Golf $30-$60 depending on the golf course. Can you share your cost of living? VerticalScope Inc., 111 Peter Street, Suite 600, Toronto, Ontario, M5V 2H1, Canada. There are also snakes, monitor lizards and mongooses. We may actually do more than one country if everything works out OK. Sure, you can come by anytime when we move over. Living and retireing in Thailand, is doable but there are some important facts that one does really need to consider before diving in. I sometimes wonder about moving to a more affordable place to retire but I think it would be hard to leave family and friends. Joe. Among Bowens family, only his daughter has visited. According to March 2022 Numbeo, a site that collects cost of living data from around the world, the average cost of living . These are some of the things the wifey and I are considering now. We both get what we want while paying a price for it. It takes 24 hours of flying to get home. Trouble is that since the property is in her name (his if you are female), they can jut divorce you without warning and leave you fat, dumb and not so happy. Thai people can go to the public hospital, but the wait is very long. Leo is planning to move back to the US because he has Medicare benefits there. 1. The price increases to $1,800 for double occupancy. Foreigners have to spend a lot of money to get a retirement visa or fly home periodically. The country has a rich culture with delicious cuisine and friendly people. A cursory search shows that even the most open countries, such as Ecuador, Panama, and Mexico, seem to limit long term stays to 180 daysat least in terms of convenient applications or process. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. One should also note that few people have this much cash in savings. Tags: retirement, money, Thailand, moving. Need an international bank account that holds multiple currencies and lets you transfer, receive & spend wherever you are, with a MasterCard. Hi, My name is Tom and I am 49 and live on Ko Lanta Island in Thailand. In actual fact, there are many others, but from feedback, experience, and speaking to the expat community, these two factors often rank and are the top reasons single men move to Thailand. Your email address will not be published. After he married, he couldnt get a U.S. visa for his wife to meet family, and theyve only been able to meet her on Zoom. Local Thai markets are usually open-air establishments either in a static location or recurring at a set place and time weekly. Look for ways to trim costs and keep items in solid condition to stretch retirement dollars. 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. With its low living cost, modern infrastructure, and high-quality healthcare, Chiang Mai was ranked as the fourth-best "affordable place" to retire overseas for Americans. New cars are another one. Its quite nice down south near the beaches. Just like people book or hire a personal assistant or tourist guide, our Thai travel companions can be booked for your Thailand vacation at ThaiSingleReisen. Right okay. My hubby is 58 and i m 54 and we want plan to get out from here. I want the whole experience. entities, such as banks, credit card issuers or travel companies. We been USA over 30 year and it is boring so we keep going Thailand . It is scary to be at the mercy of these companies who promised something but then make changes on a whim to save dollars. Just eating out. Canada is a great option too, but its a bit cold up there for my taste. As always, some will say it's high and others will say it's low. Glad you are finding it useful. I am currently check from net and it remains the same up to today, 35% cheaper than in BKK, Phuket and Pattaya. Ill have to add up my yots for a monthly figure! Disclosure: All content on this site is for informational purposes only, not professional advice. Another example is that some Thai women see themselves as very old even if theyre only in their 30s or 40s, but in reality, they still look very youthful. He met his Thai wife, Oorathai, better known as Puy, while she was having a cup of coffee. Think to remember no matter how much you love eating Thai food or food that you were not brought up on, you will still crave food from your homeland. We know were not going to be in the DC area after Daughter Person graduates, but havent settled on any specific place yet (other than further north). Moving overseas is in our family plan. You can own a condo as long as total foreign ownership is less than 50% of the building. Im here to give you all the information you need to make your Thai adventure safe, happy, & successful. The only thing that *might* be taxable would be income from your investments in Thailand if you ever moved a large sum of money during a time when the exchange rate is more favorable. Considering the people/culture, weather, variable living standards, and beach get-away options, I think Thailand is still value for money. So basically, taxes and insurance. Quality health care is widely available in major Thai cities at affordable prices. Good private schools are expensive here, and that's where the balance is likely to tip in favor of living back home. I dont know. They are easy to drive, maintain and park. First, you have to obtain a non-immigrant visa by providing the Thai consulate with your passport and proof that you have enough funds. From BKK u can travel around and it is really fun . The data shows that inflation is around 3-4% each year, but my dad said it feels like more. I would say Chiang Mai offer me nice environment with nice people that still lingering in my memory. Great and informative post as usual; especially it helps me a lot as I plan to spend sometime in Thailand myself after I retire! And consumer prices in the Big Apple are almost 91% higher when you exclude rent. Even Thailand appears to have made it much more difficult to gain permanent residency in recent years. My girlfriends family has five sea front houses. Cookie Policy As for food, beef is expensive but seafood is reasonable. The rent will be affordable and you can take a few years to see if its the right move for you. Once in Thailand, open a Thai bank account and deposit 800,000 Baht. Thailand's excellent cost of living has enabled many people to start their retirement much earlier than they could have if they remained in their home country. Thailand Expat Forum for Expats Living in Thailand, Getting married for sex is like buying a 747 for the free peanuts - Jeff Foxworthy, Australia Expat Forum for Expats Living in AU, Britain Expat Forum for Expats Living in the UK, Dubai Expat Forum for Expats Living in Dubai, Spain Expat Forum for Expats Living in Spain, France Expat Forum for Expats Living in France. Would Cambodia work? People who want to see the grandkids are going to be out of luck. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Nice article. Jim Barnash is a Certified Financial Planner with more than four decades of experience. But, apropos of the study, the 70K may be low for Bangkok, particularly given the maintenance of a living standard. That said, unsophisticated crime is rampant in Ecuador. Our budget for exploring the western USA by RV (fulltimers) is about $2200 a month for everything. Health insurance is still a big question here. Its actually very nice. I know Belize has a pretty good retirement visa. In general, you can save the most by living and eating like a local. Of course, there isnt that much to DO there, but But be aware you will need to learn Thai language (and its not that easy because it is TONAL like Chinese 5 tones high, middle, low, rising and falling writing there are 44 consonants 2 obsolete and 32 vowels, 4 tone marks and a different system of numbers with only 0 zero being the same) because there is far less exposure to farang there. I live in a large city, but have always fantasized about retiring to more relaxed, cheaper places. And in some parts of the country, farmers burn their fields from the middle of March through May to prepare for the next planting, creating air-quality concerns. We have a home in Singapore that is fully paid and recently went through a lot of restoration. There are downsides to Thailand, perhaps the biggest being health and safety. Once we get tired of SE Asia, then we can move to South America for a few years. I had visited Bangkok twice and stayed 3 weeks each visit. Seen as a safe bet amid the U.S.-China trade war, the baht has caused visitor numbers to drop and hotel occupancy rates to halve. Most markets offer a wide variety of fruits, vegetables, herbs, spices and other cooking products. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. Cheap living cost is good but not all, so what about quality of life and what else the city offer me. For $25 you could even. The cost of living allows a retired man the opportunity to live in a nice place while trying to make do on a fixed income. And then there's traveling back to home now again. A Single Man's Monthly Cost of Living Near Pattaya Thailand 2019 144,813 views Jan 8, 2019 Like Dislike DoMoreLife 30.2K subscribers #DoMoreLife #Pattaya #Thailand This video is a breakdown. Hopefully, thats an unfounded concern on my part! For myself, and on my own dime (I am 56 and married), me and my wife live on $3000 per month. Sign up to receive new articles via email. 55 Vs 35. Please review our Consider your health care plans, income sources and tax bracket before making the transition. If you plan to travel, even just to visit home, anytime in your first year of residence, you will need to apply for a re-entry permit. FYI For $1000 you can get a nice pool villa out here! They are usually friendly and helpful and will fill in the form for you. Who the hell are you?! 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