In general, the cost of living in Thailand is fairly low. In Chiang Mai, for instance, the base rent for an apartment is $600 per month, while in Bangkok, a studio apartment can be had for around $300 per month. Other costs you may encounter in Thailand include a Thai visa, lifestyle costs, and food. Listed below are some tips to help you keep your cost of living down when living in Thailand.
The first big expense that can be considered is rent. It is the largest monthly cost, claiming over 30% of expatriates’ monthly income. Rent prices vary widely, ranging from more than 50,000 to 30,000 baht. In Bangkok, most expatriates spend less than five hundred dollars per month, but living in a western-style apartment in the city will cost you as much as $1,500 per month.
Rent in Chiang Mai can range from $600 to over $2,000 per month, and a high-end apartment can cost up to $1,500. However, if you’re planning to live comfortably in Thailand, you should aim to spend at least this much. A monthly rent of $1,500 should allow you to get by, but you’ll want to spend more if you want to experience a luxury lifestyle.