We talk about the average income of Thai, buying and renting a property, and carrying a gun in Thailand
The cost of renting an apartment in Thailand is about 16 percent of what it costs to rent an equivalent apartment in New York. Thailand is the 65th most expensive place to live in the world.
In 2020, the average salary in Thailand was 619 USD. Based on insights from the National Statistics Office (NSO) in 2021, it rose to about $877.64 per household. The country ranked higher (57th) than the Philippines in the overall average global salary.
What is the average monthly salary in Thailand? A person working in Thailand usually earns about 96,900 THB per month. Salaries range from 24,500 THB (lowest average) to 433,000 THB (highest average, actual maximum salary is higher). This is the average monthly salary, which includes housing, transportation and other benefits.
The average monthly household income in Thailand in 2021 was about 27 thousand Thai baht, which was an increase compared to the previous year.
According to Thai statistics agencies and international employment agencies, the average salary in Thailand in 2022 was 14,892.27 baht per month or 435 USD.
Thailand’s middle class is currently emerging, and about 13 percent of households are projected to earn at least 525,000 Thai baht by 2020.
Dreaming of moving to Thailand? You’re welcome to, but if you’re coming for a long stay for the first time, renting is the easiest way to get used to the country. By renting a property, you will avoid many restrictive procedures, which can sometimes be lengthy.
How much does a good apartment cost in Thailand? A 30 square meter studio apartment in Bangkok costs around 12,000 baht to 15,000 baht per month in expat residential areas such as Onnut. In business districts like Asok or Silom, prices can go up to 24,000 baht. In Chiang Mai, an apartment of the same size can cost you only around 10,000 baht per month, even in the main city area.
Under the right circumstances, buying an apartment in Thailand can be a good buy and a good investment. If you are a foreigner interested in buying a home in Thailand, there are several issues you should be aware of Thai law only allows foreigners to buy apartments under certain circumstances.
There are many good reasons to invest in real estate in Thailand. The country has shown strong and steady growth in recent years and looks set to continue this trend. House and land prices are generally rising, as are rents, presenting some interesting real estate investment opportunities in the market.
Plan to live in Thailand on a budget of at least US$1,500 per month, with US$2,000 being a more reasonable benchmark. This will give you a comfortable stay without breaking the bank. You could potentially live much cheaper on as little as $1,000 a month, but you’d probably struggle.
Legal guns and firearm ownership has been legal in this Southeast Asian country since 1947. However, only licensed gun owners can legally acquire, possess or transfer firearms or ammunition.
Can a foreigner own a gun in Thailand? (New legislation: Foreigners not allowed to own guns, PHUKET GAZETTE (October 13, 2017). The amended law will cover gun silencers, electric darts and new types of fireworks, including bang fai (locally made rockets) and talai (rocket-like fireworks with a circular wings).
Thai police officers didn’t get guns for free before. They had to buy a gun, which they often paid for with paycheck deductions.
No matter what type of visa you have, even with a tourist visa (use it within 90 days from the date of issue and allows an initial stay of 60 days), you can rent a house or apartment in Thailand as a holiday property or on a longer-term basis, with the appropriate visa, nice house or attractive apartment for a year or more.
Can a foreigner own an apartment in Thailand? There are no nationality restrictions and any foreigner who can legally enter Thailand (no visa class requirements) can purchase and own a residential unit within the condominium foreign ownership quota, but each foreigner must personally qualify for ownership under Section 19 of Article of the Condominium Property Act.
Rent for a basic one-bedroom apartment in a rural region of Thailand like Isan can be as little as US$50 per month. Remember that the minimum daily wage for 2021 in Thailand ranges from $10.03 to $10.77.
Nevertheless, it is an affordable country. On average, the cost of living in Thailand is about 60% lower than the US and 15% to 30% lower than most of the rest of Asia. Apartment rental prices are only about 16% of New York City rent for an equivalent apartment.
Plan to live in Thailand on a budget of at least US$1,500 per month, with US$2,000 being a more reasonable benchmark. This will give you a comfortable stay without breaking the bank. You could potentially live much cheaper on as little as $1,000 a month, but you’d probably struggle.
Thailand: What a dollar can buy you
Is 1000 USD enough for Thailand? How long can you live in Thailand on 1000 USD? A budget of $1000 is enough for a person to live in Thailand for 4-8 weeks. This will include accommodation ($7), 3 meals ($6), 3L water ($2), transportation ($2) per day. That adds up to $510 per month.
The US Dollar to Thai Baht exchange rate is currently at 35.73, up from 35.63 the previous trading day and 33.34 a year ago. This is a change of 0.28% from the previous market day and a change of 7.17% from a year ago.
The good news is that $100 USD is a pretty solid amount to start a day in Thailand, and that’s what travelers will get once they’re there.
| Location | Currency exchange | Average cost per day |
|---|---|---|
| Bangkok, Thailand | 1 USD = 32.9077 THB | $65 |
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