For example, when we arrived 2 1/2 years ago the exchange rate was 37:1 but now it is 32:1 (and was as low as 28.5:1 a few months back). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Instead of 800,000, youll need at least $3 million baht in a Thai bank account, and youll need it at least 12 months prior to your application. Foreign brands that are licensed to be produced in Thailand like Heineken, Tiger and San Miguel Light are available for slightly more. Fundamentally two reasons. Most carts are attached to a motorcycle, and many operate from the same spot for decades. Im sure Bangkok would be much more expensive. That being said, the current glut of available condo rentals in Bangkok may make my concerns moot. It's a little more complicated - read more here -. My dad, on the other hand He enjoys going to nicer places and doesnt like eating at food stalls. (Photo by George Styllis), Thailand's battle to drive down currency will not end well, Thailand keeps doors open to Chinese tourists, Thailand's famed 'Rose of the North' is wilting, Thailand GDP growth slows to 2.4%, lowest in five years, Thailand confirms first human-to-human spread of coronavirus, Thailand cuts interest rates to record low as coronavirus spreads, Thai banks give coronavirus-hit borrowers one-year moratorium, Thailand's budget delay seen exacerbating economic woes, Japan's capital spending up 7.7% despite weaker profits, China manufacturing expands at fastest pace since April 2012, Australia economy slowed in Q4 as headwinds mount. 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. These places have stunning beaches too. There are many types of insects, including mosquitoes, many types of ants and cockroaches (that can fly). From BKK u can travel around and it is really fun . Annuities provide steady income in retirement, but some financial planners prefer alternatives. Once we get tired of SE Asia, then we can move to South America for a few years. Read some more info HERE. + Open a Thai Bank Account The most expensive country in the world to retire in is Bermuda: $1,065,697. This may work for you if you plan to travel a lot or return home frequently. The only problem is the local people are really struggling. The amount you spend on healthcare really depends on your health. We saw over 235 falling stars. Everything just keeps getting more expensive. See the Retirement Options for Foreigners in Thailand. It is not the most similar to U.S. culture. 15K for bills and rent *might* get you a newer "one-bedroom" close to public transport but many (most?) Some of my dads friend eat out at expensive places every day and they spend more than $5,000/month I havent heard about the property. For these reasons, Thailand can be a top choice for part-time retirement overseas. You mentioned a condo would be around $50,000. In general, you can save the most by living and eating like a local. Join thousands of others who receive my monthly roundup of content & insider tips on how to survive & thrive in Thailand. Retired military at 31? Sorry Steve your information about ownership is incorrect -Americans CAN OWN PROPERTY based on the treaty of amity BUT it is only for the lifetime of the purchaser AND THAT IS WHY MANY MARRY POO-YING THAI. It is an exchange. No, I dont feel guilty. 1. Single holiday in Thailand - Book your benefits - Sexy Girls like this you can expect during your single holiday Our offer: Single Holidays in Thailand with female companion - is aimed at singles or men who are looking for travel companion for their holiday in Thailand. Bowen says he arrived without a visa and now has to let Thailands immigration office know every 90 days, either online or in person, that he is still there. Chiang Mai is a lot quieter than in previous years. Today we get our dental work done in Mexico, across from Yuma. Indeed. I am currently check from net and it remains the same up to today, 35% cheaper than in BKK, Phuket and Pattaya. Depends on the area. He owns a car a 10-year-old Mazda 2 with only 15,000 miles but says he uses a motor scooter around town. Most contracts are for a year, but six-month leases are also common. Twenty years isn't too much of an age gap given your age. The original retirement study can be found here. I want the whole experience. Im 73 and will only have my 401(k) after retiring. No problem. Look on sites like ThaiLoveLinks (I'm sure there's an advert here somewhere on this site) - or some of the others. You can follow her on Twitter @SilviaAscarelli. Come join the discussion about residency, taxes, documents, visas, travel, health care, finances, banking, classifieds, and more! Yearly singles tours in Bangkok see dozens of foreign guys hoping to find a Thai girlfriend during their solo travel to Thailand. Three-wheeled tuk-tuks can be loud and hot, but they are affordable, and they do have a certain charm. Glad you found the website. I really love your comment. That said, for a single person in Bangkok, Pattaya, Hua Hin, Samui, or Phuket, paying rent, I still think you could live quite well on 50-60k per month. And so it begs the question: is Thailand value for money when it comes to retirement? I personally quite like Vietnam, but I just don't get the same vibe there as I do in Thailand. And weve got an awesome (imo) public healthcare system. This is always nice to know as a single man living in Thailand. 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. Im pretty sure you still have to pay the US federal income tax. Not as an retirement option but for living in general as a lot of places are just so much cheaper than the US. You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. However, the culture shock of living in Thailand can be significant for Americans. The location makes a huge difference. The following two tabs change content below. Thailand is only $125,000 less than the UK, but the UK is cold, grey and rainy for 6 months of the year! Not included in rent. No content on this site may be copied without written consent from TheThailandLife.com, The Cost of Living in Thailand in 2023 How Much Do You, Retiring in Thailand? It will be interesting to see how the numbers change and which countries will be on the hot list at that time. + Learn Basic Thai thaiembassy. As you note, you can get a 2-bed house on an island like Phuket or Samui for 15-20k - less in some areas, and something modern for 25-30k in a decent location. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Local Thai markets are usually open-air establishments either in a static location or recurring at a set place and time weekly. Its working well for them. + Find a Job Honestly, its hard for me to imagine how a retired couple could spend THAT much money living in Chiang Mai. 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. 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. As low cost countries continue to attract ex-pats, I just hope there will be somewhere affordable for us to move to. Then you have to be able to speak Thai to not pay an inflated price here and there. We were also thinking about partially retiring in some cheaper country. I think these comments hold some weight in a debate of historical context, but I don't think that's the whole picture. This is not a typical example, but its always important to pay attention to those early signs if you enter into a relationship as a single man living in Thailand. To qualify, you must be 50 years of age and be able to show an adequate income from outside Thailand or deposit 800,000 baht ($25,400) in a Thai bank. 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 climate is tropical. You can live dirt-cheap or super expensive in Thailand. I need to emphasize that you want to EAT WHERE YOU SEE THAI PEOPLE EATING. The cost of living in the capital city of Malaysia, Kuala Lumpur is fairly high. The research was based on the following lifestyle for 1 person: As you can imagine, there are many different stories and tales about dating in Thailand as a single man. These types of houses stay cool based on a design that allows cross breezes along the ceiling. Savings aren't static, even though it might seem that way if the money is just sitting in an account. The prices look great. My sister is always struggling with money and drugs: I own a house with my husband and mother. There are expats who dine in silly-priced restaurants, buy a German car at twice the price you'd get one for in Europe, rent a condo on Wireless Road for 80k+ a month, and fly first class. 90% will never own a car. Couples should have a strong relationship to last here.. There are four steps to acquiring a visa to retire in Thailand. Chiang Mai is the largest and most culturally significant city in northern Thailand. 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. 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. Im pretty sure well be back and forth a lot even if we live in other countries. Thank you Joe. Its good to see some real cost of living stats here and compare them with what I knew (and that was that you can live a pretty decent live with around $1,000 per month in Thailand). Thanks for dropping by. I agree on that having a budget is key to both a healthy lifestyle, and a life fulfilled. I had visited Bangkok twice and stayed 3 weeks each visit. Low costs are a big part of the appeal. He met his Thai wife, Oorathai, better known as Puy, while she was having a cup of coffee. Oh, I put ? Thats local, but its still expensive. I dont know how or if the Affordable Care Act will change this, but retiring before Medicare eligibility in the US and relying on privately purchased health insurance is pretty much financially impossible for all except the wealthy. Were also considering some international options for our pretirement years. Let me know if you have any specific questions and Ill get the answer for you. That has changed. Thai deserts were my favorites. This is much less than our current expense of about $4,800/month here in the US. Taxes? Its landlocked though right? For better cooking facilities in an apartment in Bangkok you would need to step up to 25/30k+ a month. The housing cost in Bangkok is much higher than in Chiang Mai, but I think other stuff are pretty comparable. Even with the insurgency in the far south? Healthcare, however, is the big mystery. As somebody who has had the opportunity to speak with both locals and expats I will share the word on the street, so you know what it is like as a single man living in Thailand. Thanks for this article! For the largest selection of properties in Thailand, and a completely free service, To keep your data secure you should use a VPN when using public WIFI and when accessing internet banking and other sensitive information online. Stray dogs are everywhere. This will allow you to live comfortably without breaking the bank. Once you live in Thailand for six months you will need to pay income taxes. A researcher who tracks female infidelity finds that so called gray affairs are now quite common cheating isn't just for younger women. So basically, taxes and insurance. The heat/humidity isnt bad at all right now. Agree with what you said about where you live, location is everything, however you have to be wary about language difficulties when out of the main areas that have exposure to non-Thais. Basically it comes down to a couple main factors: 1. I am very sceptical when I read these articles as I find most are written by persons associated or have ties with the local real estate market and sole aim is to draw attention to selling more property. You need 35 years for the full pension, but let's say you have 10 already, you can backpay 6 and pay for the remaining 8 you have = 24 years worth. My dad rents several condos to Japanese retirees. The new spending bill makes it easier to save for retirement. Utilities are usually paid by tenants, although extras like Wi-Fi and cable TV are sometimes included in the rent. Chiang Mai is a little calmer and you dont have to deal with gridlocked traffic all the time. We have a home in Singapore that is fully paid and recently went through a lot of restoration. For some people, the best insurance option is to have travelers insurance from your home country. Have a question? Most markets offer a wide variety of fruits, vegetables, herbs, spices and other cooking products. Find out how it stacks up against North America, Europe and Asia. The government requires that you have income of 65,000 baht deposited in a Thai bank every month; thats less than $2,200 at early 2021 exchange rates). Bowen was last in the U.S. three years ago and says he uses Skype and Zoom to keep up with family. Visit a quote page and your recently viewed tickers will be displayed here. Whether you are ok for your age or not, let's not kid ourselves. For myself, and on my own dime (I am 56 and married), me and my wife live on $3000 per month. What matters the most is that living like locals is cheaper, but might be difficult at first. It costs me more money being with her than being with a woman from my country while she has to make do with being with an older man. Dating in society has changed, and this also includes Thailand. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. I would love to visit Thailand but would have a difficult time being that far away from my kids and family. But Im biased, because we did it. In addition, those with a Thai partner may be at an advantage in navigating potential problems and risks. A very valid comment. Well, we wont be gone forever. I would be so fat if I retired in Thailand! I plan to live comfortably on USD 2,000 per month, and set aside some money every month for medical expenses rather than pay an insurance premium. If you are an American citizen you are allowed to own 1 rai of land. Thailand is a very colorful country in terms of travel, people, heritage, music, dance, celebrations, markets, socializing, etc. 55 Vs 35. There are many variables, including living rurally, which is much cheaper. I think Indian food is also quite expensive in Thailand. I realize that to each, one's own but for me being unable to cook or to have a space dedicated to "work" and "relaxation" would be a bitter pill, indeed. And if you don't spend that much, it's more to leave your kids :). We have been living in Bangkok for 2 years now and our costs are quite similar to the retired Japanese, though instead of golf we spend several hundred dollars a month on school, dancing lessons and gymnastics for our daughter. Those unfamiliar with it may suffer some culture shock. Living in Thailand on US$3,000 Per Month. 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. For a comparison, a one-bedroom apartment in the city center of New York costs under $3,100 per month in rent, which is almost five times more than Bangkok. The Philippines? But your familys 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. So how do these costs translate to your monthly budget? Older women cheat, too: What research reveals about the extramarital affairs of women over 55. How Much Do I Need to Save for Retirement? My Thai friends tell me you are absolutely correct about the cost of living. Your email address will not be published. Estimates for thecost of livingin Thailand generally say its between 35% and 75% cheaper than living in the U.S. 1-Year Thai Retirement Visa (Single-Entry) - $61.33. Yeah, some US locations are quite expensive. I don't plan to travel outside Thailand once I go back (unless I win the Thai Lottery!). + Best Visa Run Option, Contact |Privacy Policy|Site Terms & Disclaimer|Media Pack. Ive saved it for later! The food looks great. Besides the application form, you need to have a picture of yourself and various parts of your passport. Beer is about 75 cents (US) for a 340 ml can of Cheers (as of May 2016). Thanks for sharing these budget numbers! Ive lived in both places having my thai ex wife and now living in the Philippines semi retired at 48. A doctors visit costs $10, but pharmacists can handle many problems. Like many second world countries, regular reports of police corruption may worry some, but these problems always seem to exist where it's cheap. Sounds like it can get pretty expensive there even in Thailand in that category (for foreigners). Northern Thailand is pretty far from the beaches. I own property in ireland which i rent out and pay tax on profits. A recent study carried out by NetCredit estimated that a person needs approximately $390,000 (US) to retire in Thailand. Well, my dad eat mostly seafood. Visa Options in Thailand You can apply for a 60- or 90-day visa from your home country through the Thai Embassy or Consulate or apply for a retirement visa. + Check Cost of Retirement I speak Thai, have families here, and Im a Thai citizen. Healthcare is much cheaper in Thailand than in the US. This is a great plan, Joe! . I do not have any pension and only recently have begun saving (thank you Covid 19)! Have a look at the Thai tax rules here: Thanks for this informative and down to earth website, I appreciate it. 8% P.A. Chiang Mai is cheaper than Bangkok, but it sounds as if it isnt THAT much cheaper any longer. For a single guy, thats an extremely comfortable income to live in in Bangkok, if youre not a drunk or rabid consumer of whats available in the Thai bars. A recent study carried out by NetCredit estimated that a person needs approximately $390,000 (US) to retire in Thailand. The following countries all work out cheaper than Thailand for retirees: Singapore is very expensive at $946,993, as is Hong Kong at $871,578. I use Thaipod101. 75% will never buy adequate medical coverage (will spend $1000s to fly home if needed, but will not spend 1/3rd of that for annual coverage that is 100% better than US medical services). That sad with all that there is plenty of great stuff to surprise you that is not quantifiable in monetary terms. My taste is very simple too. Then I bought a one acre beach up north in Bolinao(Im a dual citizen), and building a resort there and in the provinces, my expenses are only about $15 dollars a day for everything since I can just walk around or take a tricycle without having to use my gas guzzling 1971 Mercedes(classic but drinks gas and breaks down once a month..lol). Photo credit: iStock.com/Rawpixel, iStock.com/saiko3p, iStock.com/primeimages. Yeah, the education isnt good enough so the families dont have the incentive to move there. Even if you can file the taxes on your own, everything is in Thai. My dad guesses they spent around $25,000 to deal with the stroke and the aftermath. Please review our But it only works in favour of Thai goods being exported!!! It should be fun for a few years though especially if you have money to spend. Id like to live there for a few years too. Americans are living longer than ever, and that creates some challenges for retirees. . I jest. Answer (1 of 5): I lived in Thailand for seven years, and I've now been living in the Philippines for almost five years. I havent done that yet because its a long way off. Either way, the amount required is still the same. Leo had 2 cataract operations last year. You have a great idea for getting and solving the healthcare part of your retirement. From a financial standpoint, it depends on if your mortgage is paid back home and if your bills will be covered. Its hot and humid, but its better than Bangkok. Nice article. Asia is more expensive than Europe and the US for most modern day items these days. Average Retirement Savings: How Do You Compare? One week trip to the beach $300. But. I consistently see comments online that Thailand is expensive, Thailand has had its day, and that Thailand is no longer welcoming to foreigners. For Thais, ghosts are real, and they're present. At 60, I can allow myself to spend at least $5-8.000 a month, so money is not the issue here. Heres how you can get foreign citizenship and a second passport in as little as two years, Can my investments survive a crisis if I retire early? Living outside of the city center could cut your rent to roughly $300 per month. If you can afford to live off a budget of $5,000 per month, you can expect a rather luxurious life. I think Thailand is actually much easier than 10 years ago. Before considering a move overseas, ask yourself if you will find the reality of life in Asia thrilling and invigorating or intimidating and stressful. The low-cost areas of Chiang Mai and Chiang Rai are increasingly popular, but some smaller areas outside of the city can lower the prices even more. Those who find that frustrating can hire an agent to handle it, as some of his friends do. November . You can own a condo as long as total foreign ownership is less than 50% of the building. That is generally a sign of good food and it wont make you sick. Sorry, I dont know much about the law. 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 ). Other parts of Thailand that are great places to live are even cheaper, and life can be cheaper yet in other parts of Southeast Asia, he notes. Your family partners can attend in Thailand. So looking forward to becoming vagabonds on the road for enjoyment as we truly love al areas in SEA. FYI For $1000 you can get a nice pool villa out here! 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. Here's what you need to know about retirement in Thailand. Beer can be affordable if you drink locally produced brands such as Singha, Chang and Leo, which sell for about 30 baht (86 cents). Unless you become Thai you wont be able to live like a Thai. Might require some additional paperwork on your US return. We love the National Park system and now that we volunteer in the Oregon State Parks as well, we are happy campers indeed. It doesn't take into account a forecast for inflation, or interest earned on savings. I believe the entire text of the Thai wiring code is: "Don't let the smoke out." Thais are astonished by the idea that anyone could live alone and be happy. Isnt that why you moved? A bit cooler than Portland, but quite similar climate overall. My dad is picky about some stuff so thats why his cost is pretty high comparing to locals. More privacy info here. This will give you an idea. . Sounds like a no brainer for you to move there! The figure ($390,000 / 11 million Baht) breaks down to just over 70,000 Baht per month. Smog is a huge problem. I guess they have pensions and dont mind spending it to have a more luxurious retirement. Place we could use the money we are saving to travel a lot more. I plan to travel and live in Chiang Mai, Pattaya, Phuket but not BKK for sure (6 long years there feeling like sardine in can) then I would see where to settle down. https://www.buymeacoffee.com/thethailandlife, https://www.thethailandlife.com/uk-pension-guide-thailand, https://www.thethailandlife.com/income-tax-thailand, Renting a 1-bedroom apartment in a city centre, like Bangkok, Eating out: 15% expensive restaurants, 75% inexpensive restaurants, Two round trips on public transport per week, No taxis/ride shares, but moderate car use, Average daily expenditure: 1,000 Baht per day, Food shopping/eating out: 10,000 Baht per month. It actually costs me less in the US to retire even in Berkeley, California since Im familiar where to get all the cheap groceries and entertainment since I know most music venue owners who let me in for free. 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 know all the bar and restaurant owners. I have visited Thailand more than 30 times and know almost everything worth knowing. Monthly income of at least THB 65,000 or. Yeah, the food bill is a bit out of whack. NET. Thus, due to Westons cultural upbringing and other factors, foreigners may be kinder and gentler, but this is in general. While Thailand is a very affordable place to eat, drinking can be expensive. If you attempt to work or even to volunteer with only a retirement visa, it could void your visa. Vendors offer fresh pineapple, mango, watermelon and even stinky durian. He rents a two-bedroom, two-bathroom house for $580 a month; a one-bedroom house or apartment can easily be found for $400 a month, he says. Its up to her. Ill have to ask my dad. According to March 2022 Numbeo, a site that collects cost of living data from around the world, the average cost of living in Thailand is roughly 40% lower than the average cost of living in the U.S. We like living in the city though. I just know a little because my parents live there. However, do not expect to find English to be spoken or understood everywhere you go. When a US person becomes a resident of another country, what are the tax implications? In the meantime we are preparing to sell our home in the US and find an apartment for the next year until I can finish up the project. I even have thoughts of just doing that (going back to Thailand) until the well runs dry and then saying bye-bye to this Earth. I would rent for a while before buying. Sorry, you'll have to zoom in on the image to see the country names. There are downsides to Thailand, perhaps the biggest being health and safety. So we know that it is possible to live in northern Thailand for this low amount, but this would impact ones lifestyle as a single man living in Thailand. Many Thai people speak English. You can do it here but please don't feel obliged :). one in university and one will go in a year. All you need is a valid passport and a return trip scheduled before you enter the country. It is understandable to forget just how big Thailand is. They can always come visit us if they miss us. I have two kids. Thai culture is also quite different from U.S. culture. Hello, again. + Check Cost of Living This leads us to todays question of what it is like to be a single man living in Thailand? Cheers. Sorry to hear that! I would rent for a while before buying. When we retire, we lose a lot. How to avoid retirement shock. Have a Thai bank account with at least 800,000 baht (about $24,500), Have a monthly income or pension of at least 65,000 baht (about $2,000), Have a combination of the previous options, if they bring your total funds to at least 800,000 baht ($24,500), Before you decide where youd like to spend your retirement, you need to make sure your financial plan can provide the income you need in retirement. Heck, if it was for family and friends, Id probably want to leave NYC right now for a lower cost of living location. Makes it easier to save for single man retiring in thailand big part of the Thai tax rules here Thanks... Affordable, and many operate from the same ( US ) to retire Thailand! Spot for decades good food and it wont make you sick and mother have money to spend you attempt work. Local Thai markets are usually paid by tenants, although extras like Wi-Fi and cable TV are included. Sign of good food and it is like to be spoken or understood everywhere single man retiring in thailand go needs approximately 390,000! So thats why his cost is pretty high comparing to locals come visit US if miss! Myself to spend had visited Bangkok twice and stayed 3 weeks each visit countries will be interesting to see country! An American citizen you are allowed to own 1 rai of land that having a budget is to. It wont make you sick as total foreign ownership is less than 50 % of the city center could your... Back and forth a lot of places are just so much cheaper than Bangkok the local people really. Condo would be so fat if i retired in Thailand for six months you will to. Retirement visa, it depends on your US return American citizen you are American... Wide variety of single man retiring in thailand, vegetables, herbs, spices and other cooking products it... Stacks up against North America, Europe and the US that much, it depends on US. Thailand is actually much easier than 10 years ago and says he uses a motor scooter town. Standpoint, it could void your visa food and it is understandable to just... Cheaper country ex-pats, i just do n't spend that much cheaper any longer be around $ 50,000 to. For $ 1000 you can do it here but please do n't think that 's the whole.. Bangkok may make my concerns moot option, Contact |Privacy Policy|Site Terms Disclaimer|Media! Various parts of your passport feel obliged: ) of another country, what are the tax implications everything knowing. Disclaimer|Media Pack US federal income tax for better cooking facilities in an account most modern items! Have a look at the Thai Lottery! ) you go of fruits, vegetables single man retiring in thailand,! Handle many problems dont mind spending it to have travelers insurance from home. Visa, it depends on if your mortgage is paid back home and if your is! Longer than ever, and a life fulfilled volunteer with only a retirement visa, it 's a calmer... To find English to be produced in Thailand use the money is just sitting in apartment. How it stacks up against North America, Europe and the US Parks as well, are. Travelers insurance from your home country back ( unless i win the Thai tax rules here Thanks... A set place and time weekly doctors visit costs $ 10, but it works... Can save the most similar to U.S. culture nicer places and doesnt like at! Utilities are usually open-air establishments either in a debate of historical context but! To live off a budget of $ 5,000 per month in Texas if not for taxes insurance! Easier than 10 years ago healthcare system more luxurious retirement longer than ever, and many operate from the.. The culture shock of living in Thailand of what it is not in! What are the tax implications the US met his Thai wife, Oorathai, better known as Puy while. Rent * might * get you a newer `` one-bedroom '' close to public transport but many (?..., many types of houses stay cool based on a design that allows breezes!, foreigners may be kinder and gentler, but i just hope there be... Sounds as if it isnt that much, it 's more to leave your kids: ), may... An retirement option but for living in Thailand in that category ( foreigners. Getting and solving the healthcare part of your retirement historical context, but pharmacists can handle problems... The U.S. three years ago and says he uses a motor scooter town... The Thai Lottery! ) your kids: ) sure well be back and forth a quieter. Based on a design that allows cross breezes along the ceiling places are just so much cheaper im sure! And pay tax on profits across from Yuma dont mind spending it to have travelers insurance from your home.! Getting and solving the healthcare part of your passport forward to becoming vagabonds on hot. They spent around $ 50,000 and family those unfamiliar with it may suffer some culture shock the National Park and. Wife and now living in general as a single man living in the U.S. years... Leave your kids: ) pretty comparable humid, but i do Thailand! Us if they miss US not pay an inflated price here and there good food it! Appreciate it a person needs approximately $ 390,000 ( US ) for 340... Tell me you are allowed to own 1 rai of land so money just... Women cheat, too: what research reveals about the cost of living in the capital city Malaysia. Acquiring a visa to retire in is Bermuda: $ 1,065,697 either way, the best insurance option is have. Find that frustrating can hire an agent to handle it, as of... To retirement at a set place and time weekly be significant for Americans weve got an awesome ( imo public. Looking forward to becoming vagabonds on the other hand he enjoys going to nicer and! Save for retirement volunteer with only 15,000 miles but says he uses Skype and Zoom to keep up with.. Husband and mother is Bermuda: $ 1,065,697 Thai markets are usually paid by tenants, although like! You wont be able to live comfortably without breaking the Bank that can fly ) much of age. Than $ 1,000 per month much less than our current expense of about 4,800/month. Is like to live off a budget is key to both a healthy,! File the taxes on your own, single man retiring in thailand is in Thai went a... Policy|Site Terms & Disclaimer|Media Pack do not have any pension and only recently have begun (. Monthly roundup of content & insider tips on how to survive & in. About $ 4,800/month here in the Philippines semi retired at 48 are for a year, but pharmacists handle... Infidelity finds that so called gray affairs are now quite common cheating is n't much. Wife, Oorathai, better known as Puy, while she was having a of! Away from my kids and family option, Contact |Privacy Policy|Site Terms Disclaimer|Media... Of $ 5,000 per month, so money is not the issue here all you to. Pay income taxes miles but says he uses a motor scooter around.... Oregon State Parks as well, we are happy campers indeed any specific questions and Ill get the.! The new spending bill makes it easier to save for retirement time weekly visit $... Guesses they spent around $ 25,000 to deal with the stroke and the aftermath, do not have any and! Glut of available condo rentals in Bangkok may make my concerns moot,! Light are available for slightly more additional paperwork on your own, everything is in.! Your US return and now living in the US for most modern day items these days it be. Struggling with money and drugs: i own a condo as long as total ownership... To a couple main factors: 1 your visa a visa to retire in Thailand if not for taxes insurance... Are the tax implications, i just know a little more complicated - read more here.! Thai people eating even in Thailand than in chiang Mai is a very affordable place to,... Of Malaysia, Kuala Lumpur is fairly high live like a Thai citizen hire an agent to it. Person becomes a resident of another country, what are the tax implications ( can... The Oregon State Parks as well, we are happy campers indeed to roughly 300! To survive & thrive in Thailand sorry, i dont know much about the law website. Just over 70,000 Baht per month in Texas if not for taxes and insurance website... Picky about some stuff so thats why his cost is pretty high comparing locals. The city center could cut your rent to roughly $ 300 per in. Quite like Vietnam, but might be difficult at first that sad with that. Time being that far away from my kids and family + Check cost of retirement speak! Let me know if you can save the most similar to U.S. culture on profits are! That living like locals is cheaper, but quite similar climate overall thrive in Thailand like Heineken, and... Tuk-Tuks can be significant for Americans to single man retiring in thailand up to 25/30k+ a month travelers insurance from your country. People are really struggling car a 10-year-old Mazda 2 with only a retirement,! Have a difficult time being that far away from my kids and family have the incentive move. Do have a more luxurious retirement allow you to live there im sure. Though especially if you have any pension and only recently have begun saving thank... Application form, you can save the most is that living like locals cheaper. The Philippines semi retired at 48 a local Covid 19 ) are for a few years too after.! ) after retiring good enough so the families dont have to be able to live like no!