Menu
Expat.com

what it would cost to live in CM excluding rent ?

Post new topic

RoyG

Hi everyone,

My wife and I are 68 years young and thinking about living in CM or some where for a few months of the year.
We come from sunny western Australia. We do not pay rent or pay mortgage here in Australia and from what I have read on blogs the cost of living for us would not be much of a financial saving when we add on a couple of airfares a year and having to pay rent. Perhaps some one could tell me what it would cost to live in CM excluding rent ?
We do not need to work, so thats not a problem for us.
Our winter months are June , July,  August when we get a bit of rain, which seldom lasts a whole day, and maybe get down to 5 deg. What is the weather and temp like in CM during those months ? 

Cheers
RoyG

Christine

Hi RoyG,

Welcome to Expat.com! :)

I created a new topic as from your post on the Chiang Mai forum.

mchkin

Bruce and Sheila
I'm a 67 year old yank, been in Chiang Mai for about 20 months now. OK in Fahrenheit the temp ranges from about 82 to 98.
As for cost of living a whole lot a variables there... If you eat from street vendors or the resturants kiosks around grocery stores in shopping malls a meal will run 30 to 60 baht. Western resturants are arounf 8 to 20 times that. if you cook and buy your own fixings from a thai market probably 1/4 of what your use to. If ya want to buy western items about the same or more then your own country. cambell vegy soup in America is about $1 - 1.24. here its 54 baht or about $1.80
HOPE THAT HELPS YA
Mike

kris napat

Cost of living vary a lot depending on your style life, the main factor will be ; house, car or motorbike not the same, healthcare, utilities bill, food if you buy in the street, local restaurant, etc, activities, going out, ...without clear target you can live plus minus with the financial requirement of retirement visa which is 65,000 THB a month, and remove 20,000 / 25,000 THB for the rent, around 40,000 THB a month, many people will say they can live for less, running car ( insurance, petrol, tax, loan or rent ) will play a lot inside, as well as healthcare but above 60 years old can be difficult to find company to cover you unless you pay expensive expat healthcare..

RoyG

Hi Kris napat,
We currently live for about 50000 THB here so I don"t see any big savings when I add airfares to and from Australia.
I think I will just come for holiday.

Thanks
RoyG

peskypesky

RoyG wrote:

Hi Kris napat,
We currently live for about 50000 THB here so I don"t see any big savings when I add airfares to and from Australia.
I think I will just come for holiday.

Thanks
RoyG


How much of that 50,000 is for rent?

Oops. Sorry. I didn't realize you were the OP. So that's what you currently live on in Australia, yes?

bstromstad

Roy -

As others have said, it all depends on your lifestyle.  I have lived in Chiang Mai for seven years and retired here three years ago.  I actually track every Baht I spend and prepare a report on my spending on a monthly basis. 

Transportation.  I suggest that you rent a car during your extended visit to Thailand.  Every single person I know who has a motor scooter has had an accident because the drivers here see motor scooters as an annoyance and tend to push them out of the way or simply don't see them.  A rental car plus fuel will cost 15-20K Baht per month.

Medical.  I don't know if your Australian medical insurance will cover you in Thailand.  Our American Medicare insurance does us no good overseas.  Medical care is quite inexpensive here in CM unless something major occurs.  A visit to a private hospital or clinic will cost a few hundred Baht per visit.  Most medications are available over the counter with the exception of sleeping pills which are prescription only.  I personally spend about 2K Baht per month on doctor's visits and medications, however, my wife spends much more because she sees specialists in Bangkok for her medical conditions.

Food.  We eat well and at good restaurants here rather than eating at food stalls.  A nice Italian, Vietnamese, German, Korean, or Western dinner for two usually costs us around 600 Baht including a beer.  I agree with the other response that says that you can eat for 30-60 Baht at a food stall but that decision is up to you.  Supermarket prices are at least 30% higher for name brands that you will recognize.  Local pork, chicken, and fresh vegetables are quite inexpensive in major supermarkets.  Beef is very expensive and the quality is lacking.  Wine is extremely expensive here.

Visas.  Depending on how long you plan to stay here, you might be able to get around the retirement visa hassle by making a border run when it comes time to renew your tourist visa.  Thailand is cracking down on this process but you could probably get away with it one time.

In summary, I agree with the other comments that you can live comfortably for about 50-60K per month plus rent.  Thailand is not quite the good deal that it is perceived to be.  In the end, it all depends on your life style and what your needs are.

Articles to help you in your expat project in Chiang Mai

  • Working in Chiang Mai
    Working in Chiang Mai

    Chiang Mai's ethnic diversity, breathtaking scenery, and the multitude of festivals and attractions ...

  • Accommodation in Chiang Mai
    Accommodation in Chiang Mai

    More and more digital nomads, teachers, entrepreneurs, retirees, volunteers, and NGO workers are flocking to the ...

  • Working in Pattaya
    Working in Pattaya

    Pattaya may not be as idyllic as some of Thailand's other beach destinations. However, it is still one of the ...

  • Income tax in Thailand
    Income tax in Thailand

    Thailand is not a tax haven. In Thailand, there are two main types of taxpayers — residents and ...

  • Getting married in Thailand
    Getting married in Thailand

    The kingdom of Thailand is a stunningly beautiful wedding destination. Its crystal clear beaches, lush green ...

  • Accommodation in Phuket
    Accommodation in Phuket

    Phuket is a popular destination for expatriates working or retiring on the island. Its expat community is also ...

  • Starting a business in Thailand
    Starting a business in Thailand

    Thailand is the second-largest economy in Southeast Asia and the 26th-largest economy in the world. It offers many ...

  • The healthcare system in Thailand
    The healthcare system in Thailand

    Thailand is one of the most visited countries in the world. It is also home to a large number of long-term expats, ...

All of Chiang Mai's guide articles