Not everyone will require a moped, but some may want a car. No stomachache or diarrhea. - irresponsible but honest thoughts. 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. Hmm interesting stuff as I am considering my position in life too. I think the Thai government prefers short-term visitors. How far away to the beach driving? It's how I started learning. I dont know if we can live in the booney, its too boring there. Very little snow except at elevation of course. It is an exchange. Pete Bowen landed in Thailand in 2009 with a suitcase and a guitar, looking for a spot to retire. My wife is Thai and we have been planning for our future in Thailand even since we got married 9 years ago. I want the whole experience. Those unfamiliar with it may suffer some culture shock. It will be great to visit South American for a couple of years. This is awesome! . It takes 24 hours of flying to get home. Returning to the same vendor again and again is a great way to make a local friend. Nothing is free. Sorry, you'll have to zoom in on the image to see the country names. Once you live in Thailand for six months you will need to pay income taxes. You spend $4000 a month in Thailand and you dont think thats extravagant? He knew no one in the country. 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. If my son decides to work at the university that granted him full scholarship for his master degree, I will more likely split my retirement between the States and Thailand. Besides the application form, you need to have a picture of yourself and various parts of your passport. This application is similar to the initial application with some additional requirements. . Joe, i need an advice. You can rent in some parts of the country for as little as 6,000 baht ($190) per month, but accommodation that tends to appeal to American retirees generally starts at around 10,000 baht ($318) per month. We could get by on less than $1,000 per month in Texas if not for taxes and insurance. Oh and if you drink you will have to be happy drinking the awful mass produced beer (Heineken is one of the worst). This article oddly makes Thailand seem like any other place. Thailand has always been popular as a country to come to live and retire. Get a 90-day single entry Non Immigrant O Visa from your local Thai embassy. 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. I would like to live there for 4-5 years and explore that part of the world. I have been saving my whole life for this, and I cant wait for this new adventure of mine to start. and have not been previously reviewed, approved or endorsed by any other There are many affordable public transportation options in Thailand. Its probably an advantage because usually the US dollar strengthen during time of financial crisis. There are no guarantees that working with an adviser will yield positive returns. Many Thai women are interested in foreigners for love, fun, or both. I need to emphasize that you want to EAT WHERE YOU SEE THAI PEOPLE EATING. Its extremely helpful that they use USD and there was a sample budget up somewhere where Americans could live off of the average SS check ($1200) and have a maid and eat out all the time. question with a Yes. I wont be wealthy, but I wont be worrying about where the next dollar will come even if I dont work another day in my life. Im sure Bangkok would be much more expensive. Foreigners cannot own land. Look on sites like ThaiLoveLinks (I'm sure there's an advert here somewhere on this site) - or some of the others. 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. 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). We been USA over 30 year and it is boring so we keep going Thailand . Hepatitis is a concern. If the exchange rate goes back to 37:1 our USD expenses will also drop to about $2200 a month. You mentioned a condo would be around $50,000. Would Cambodia work? Just those few phrases will make life much less stressful. Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century. 8% P.A. This is always nice to know as a single man living in Thailand. It's true. I can probably buy Thai produced fish products cheaper in the UK where I am from, than in Thailand, things like Mangos are only marginally cheaper in Thailand, more exotic fruits like Mangosteens are off course cheaper. The only problem is the local people are really struggling. For flexibility and a sense of purpose, consider these jobs for people over 50. I look forward to travel to the neighboring countries in SE Asia :-). Beer can be affordable if you drink locally produced brands such as Singha, Chang and Leo, which sell for about 30 baht (86 cents). I wonder why Thai products are cheaper in the UK. Read more here: Really interested to hear of your experience and whether you have decided to settle in Thailand. $1200 on food cost for a couple; not counting drinks/beverages) is quite high. Hopefully South America will be more accommodating in the future. You can process the paperwork yourself and pay about 2,500 baht ($80), or you can seek help from an attorney who will charge 10,000 to 15,000 baht ($318 to $475). Most will take the view that the benefits outweigh the risks and, with a little extra caution, one can avoid something unfortunate happening. But it only works in favour of Thai goods being exported!!! http://www.expatistan.com/cost-of-living Let say I can afford house maid when living in Chiang Mai but cannot in other city. Until recently, foreigners with longer non-immigrant visas werent required to have health insurance. Wine, he says its $15 for anything decent.. If you fail to do this, your visa may become void. Is this because you are feeling guilty that you decided to stop working and she is still working. Here's what you need to know about retirement in Thailand. Heres what to consider before moving to Thailand for retirement. We are Indian but grew up at California . He also figured his job prospects werent very good, so there was no reason to stay in the U.S. I decided to throw the dice.. We may actually do more than one country if everything works out OK. Sure, you can come by anytime when we move over. 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. Anyone considering a move should also make sure to research the Thai culture. 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 ). For couples honestly, there are many beautiful young single women who would love to meet a foreign man. Hair cut with shampoo + scalp massage $7 men, $20 women. Copyright 2023 MarketWatch, Inc. All rights reserved. Ive 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. It will be a very easy transition for me. There are many variables but I think 70k isn't far off the monthly figure for the average expat. There are more relaxing spots in Thailand too. I lived there for half a year and its wonderful to live in the tropics. + Get COVID Insurance As an example, I have a good friend who is in his late 60s and is from the US. Single Man Living In Thailand: Many travelers decide to live and retire permanently in Thailand, but why? Good luck! Some may have savings and just a state pension. 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. Thanks for sharing these budget numbers! Thailand's foreign retirees see their good life slip away, Pattaya has been popular with foreign expats and tourists since American servicemen flocked there during the Vietnam War. I usually ignore this type of research because seldom is it accurate. Ill have to visit again. If you wish to retire in Thailand, you will need to need to get a retirement visa, also known as a Non-Immigrant Long Stay Visa. I guess my tastes must be more on the simple side! 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. The figure ($390,000 / 11 million Baht) breaks down to just over 70,000 Baht per month. Camping/rustic countryside trip over the weekend $50. Living in Thailand on US$3,000 Per Month. Canada is also a good option for health care. 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. I know Belize has a pretty good retirement visa. 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. I hope South America will still be affordable in 15 years. Anything like that is very expensive in Thailand as they know only the non-locals will buy it and the price is artificially high. Glad you are finding it useful. I would say Chiang Mai offer me nice environment with nice people that still lingering in my memory. There are many reasons why you might need to get additional permits or different visas. Best VPN to Protect Your Online Privacy, 5. 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. Healthcare is the big X factor. + Best Visa Run Option, Contact |Privacy Policy|Site Terms & Disclaimer|Media Pack. Some have gotten around the issue by creating a Thai company and buying the house in the companys name, but the Thai government has been increasingly looking for this type of fraud. And a one-bedroom apartment in the city center of Sarasota costs roughly $1,600 in rent per month, almost 2.5 times more than Bangkok. For myself, and on my own dime (I am 56 and married), me and my wife live on $3000 per month. 1. Taking money from your IRA may seem like a simple matter, but it's a decision that must be timed right. Things change though. When you purchase through links on our site, we may earn an affiliate commission, which supports our community. From the people I've talked to, the LOS is becoming less inviting to those wishing to retire there. In her area, I could take a job in a local school or university (for much, much less than I earn now). I,m single and spend 4000 per month. The research was based on the following lifestyle for 1 person: The cost was calculated over 14 years: retiring at 64 and with a life expectancy of 78.7 years. Enjoy! The kid can go to an international school, but it would be quite expensive. And, if you choose to bring money into the country and give it to your wife to buy a house you are required to sign a legal document stating that you have no rights to the house in the event of a divorce. + Get Health Insurance Thus, due to Westons cultural upbringing and other factors, foreigners may be kinder and gentler, but this is in general. Well have dinners with a dozen friends every few weeks. Did I miss anything? A rotisserie roast chicken costs just 140 baht ($4.50). 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.

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