I’ve lived in Thailand for five years so I often get people asking me what the cost of living in Thailand is like. Many Westerners live in Thailand and more are planning on moving here, so the cost of living in Thailand is very important to them. Thailand is, of course, much cheaper than America but salaries are lower too. Here is the average cost of ten different things, which will give you an idea of what your standard of living would be like if you lived in Thailand. Take into consideration that the average salary for an English teacher in Thailand is between $882 and $1,600 (using an exchange rate of 34 baht to the US dollar).
1.Apartments – Apartments in Thailand are very cheap, especially compared to apartments in America, so on this alone your cost of living in Thailand will be much less. For around $110 a month in Bangkok, you can get a nice one room studio with attached bathroom and sometimes also a small kitchen area. This would be in a building mainly lived in by Thais, but they are always clean and safe. Outside Bangkok, you could get a similar room for around $85 a month. If you want a one-bedroom apartment, your costs will increase to approximately $205 to $250 a month, but these will be in very nice buildings. They will also have a swimming pool, a laundry, and a small convenience store and some will even have a gym. I live in a serviced apartment (comes with twice weekly maid service and cable TV) and for this I pay $294 a month. A far cry from the $1,350 I was paying in Los Angeles for an apartment with no maid and no cable TV.
2. Eating Out in Thailand – Food is very cheap in Thailand. Eating out at a Thai restaurant can be as cheap as 80 cents per meal and, even at a more expensive restaurant, it’s rare that dinner per person would be more than $3 to $7 (tip included). I eat out two to three meals a day as it’s cheaper to eat out than to buy groceries and cook.
3. Groceries at the Supermarket in Thailand – The cost of living in Thailand is much cheaper when it comes to groceries as groceries in Thailand are much cheaper than in the US. I usually spend $35 a week at the supermarket and for that I get all my cleaning and laundry supplies, entrees for ten meals a week, yoghurts, bread, cheese, milk, fruit, fish, vegetables and a lot of vegetables for the four rabbits I own. The $35 also usually includes a few ‘treats’ like chocolate, containers of fruit juice, Thai desserts, breakfast pastries, and even sometimes some new plates, plastic containers for the kitchen or a couple of CDs or DVDs.
4. Groceries at the Market – There are thousands of markets all over Thailand selling food. If you buy fruit, vegetables, fish, chicken, and household cleaning supplies here, you can save even more money. Fruit is around 25 cents per bag (pineapple, mango, papaya, dragon fruit, oranges etc), vegetables 25 cents per bunch, and they’re all fresh off the farm that day.
5. Utilities – In most apartment buildings and rented houses, utilities are cheap. You should be able to air condition and light a one bedroom apartment for less than $28 a month, and a 3 bedroom house for less than $75. It’s hot here too, so you need the air conditioning on most of the time.
6.Public Transportation – Public transportation in Thailand is cheap. Taxis will run you between $1.25 and $2.25 per average trip. Buses are between 25 cents to $1 per trip depending on if you take an air-conditioned bus and how far you’re going. The sky train is between 40 cents and $1.20 per trip and the underground is 38 cents to $1.10 (unless you get a bulk trip card, in which case it’s cheaper). You can also take tuk-tuks and motorbike taxis (motorbikes are between 20 cents to $1 per trip and move quickly through Bangkok’s traffic jammed streets). I spend no more than $100 a month on public transportation and I take taxis and the sky train everywhere. In the US, with car payments, insurance, gas and maintenance, my car cost me at least $700 a month, and I had the hassle of finding a parking space too!
7. Entertainment – The cost of living in Thailand is very cheap when it comes to entertainment. Going to the movies (which are beautiful, clean and first-class quality here) is as cheap as $3.40 and that’s for a reserved seat. Going to a bowling alley for a family of four will cost around $20 to $25 for an evening, which includes dinner and a couple of beers for the parents. Buying CDs and DVDs is cheap. Going golfing is one quarter the price of the US and a night out at a local bar or pub with dinner will be $10 to $20 per person depending on how much you drink.
8. Vacation Travel – One of the best deals in Thailand is going on vacation. You can stay at a local beach for a long weekend for as cheap as $15 to $35 a night ($35 to $50 will get you a hotel room in a 4 star hotel). Flying to Phuket from Bangkok on Air Asia is currently $73 round-trip and around the same to Chiang Mai. You can even fly to Malaysia for less than $150 round-trip and to Singapore and Hong Kong for not much more.
All in all, the cost of living in Thailand is only about 20 to 25% of the cost of living in America and some things are even cheaper than that. Salaries are about 40 to 50% of salaries in the US for similar jobs but even with this reduction in salary, things still cost less. The income tax rate is also much lower (I currently pay 10%). So, if you’re thinking of coming to Thailand to visit or to live, don’t hesitate. The cost of living in Thailand is much cheaper than in the US so, financially, you should definitely do better.