The cost of living in Thailand – A Quick Guide In 2022

Thailand has become a sought-after destination for individuals considering relocating, particularly retirees seeking to spend their leisure years amidst its natural beauty and warm climate. Apart from its appealing retirement visa option and welcoming culture, the cost of living in Thailand is a key factor attracting expatriates. In this article, we will delve into the vital components contributing to the cost of living in Thailand, such as housing, healthcare, food, transport, and utilities, providing valuable insights for those considering a move to this vibrant and diverse country in 2022.

Retirement in Thailand: A Paradise Awaits

Thailand has become one of the premier destinations for those looking to relocate to another part of the world, especially for expats who have just gone into retirement and are looking to spend their sunset years in paradise. There are many reasons Thailand is a top consideration.

Convenient Retirement Visa

The kingdom offers a convenient retirement visa option that many retirees have taken advantage of. Once granted, it allows the holder to remain in the kingdom indefinitely. You do not need to leave the country to renew it as long as you can still meet the stipulated conditions.

Welcoming Culture and Community

The people have a welcoming culture that makes it easy for newcomers to join the community and feel a part of the society. Even for those that prefer an atmosphere closer to what they had at home, there are many expat communities where they can find others from their home countries and a social scene that lets them easily mingle.

Scenic Beauty and Vibrant Life

The warm weather, beautiful natural scenery, and cultural attractions also provide a conducive environment for rest and exploration. Those that prefer to indulge in a more fast-paced excitement will also easily find this in larger towns and cities where festivals and nightclubs are a normal part of life. So however relaxed or exciting a lifestyle you want to lead, there is sure to be several destinations you can find to be your ideal.

Affordable Cost of Living

Overall, the cost of living tends to be low in Thailand as most of the major expenses, like food and housing, are cheaper here than in many other parts of the world. Many retirees find that this is possible, without having to compromise on their standard of living. Many couples can live well on less than $2,000 a month in Thailand. Let us look at the most vital contributors to cost of living expenses to see what to expect.

Expat couple enjoying a cost-effective lifestyle in Thailand.
Expat couple enjoying a cost-effective lifestyle in Thailand.


This is probably going to be the biggest contributor to your expenses. The amount you would spend on housing will largely depend on where you choose to live. Living in more rural areas like Chiang Mai is likely to be more affordable than in bigger cities like Bangkok. The style and quality of housing will also matter. Sophisticated and westernized hi-rise condos with tons of amenities will certainly cost more than a simple Thai-style abode.

Rent can range anywhere from $200 to $1,800, depending on what kind of accommodation you want and where it is located. Most retirees that rent will opt for studio units to two-bedroom housing. If money is tight, it makes sense to opt for a more rural location and simpler housing. Mind you, you are still likely to find thriving expat communities in even rural areas, so living away from bustling city environments does not mean you will miss out on much.

It is also worth noting that those retirees that do not intend to travel back to their home countries frequently do opt to buy. Foreigners are not allowed to buy landed property, so most end up with condo units. Even when buying a condo, you will find there is a wide price disparity depending on the type of condo, amenities offered, and location.


In our experience, access to healthcare becomes an important consideration for retirees in Thailand. The country boasts quality healthcare facilities with a growing number of internationally trained doctors. The cost of healthcare is significantly lower than in many western countries, making it an attractive option for retirees. Private medical insurance and public healthcare options are available, offering peace of mind for those considering retirement in Thailand.

Health Insurance Requirements in Thailand

Health insurance is a mandatory requirement for non-Thai passport holders traveling to Thailand. This means arranging a medical insurance policy of at least $20,000, inclusive of Covid-19 cover, for the duration of your stay.

Options for Coverage

Arrangements for the required cover can be made through an offshore insurer or a local private insurer. Short-stay visa holders, such as those with tourist visas, should ensure their travel insurance meets this mandatory condition. Those permitted to work in Thailand may qualify for social security, enabling them to obtain medical insurance typically deducted at no more than THB 750 a month.

Factors Influencing Health Insurance Premiums

Health insurance premiums for seniors vary widely based on factors such as pre-existing conditions, age, and the level of coverage. Acquiring health insurance later in life for the first time can also be more expensive. Opting for higher coverage limits will result in higher premiums.

Seeking Assistance

Engaging a broker to explore the best insurance options is advisable due to the complexity of estimating healthcare expenses in Thailand. The quality of healthcare in the country provides good value for money compared to many other parts of Asia.

Food Expenses in Thailand

Food prices in Thailand are generally affordable, especially when embracing the local cuisine. In our experience, street food is abundant, offering diverse options at budget-friendly prices. Dining out for most meals can cost less than $5 per meal, including drinks. International cuisine at upscale restaurants may average around $10 per person for a meal.

Street food vendors in Thailand.
Street food vendors in Thailand.

Those who prefer cooking at home can find fresh groceries at low prices in the markets. The monthly food expenses for a single person can range from $300 to $1800, depending on factors like the mix of street food, occasional international cuisine, and cooking at home. For those who prefer cooking exclusively at home, a baseline food expense of $200 per month is feasible.

Transportation Options

Thailand offers various transportation options, including three rapid rail transit systems in cities like Bangkok and an extensive public bus service. Regular use of public transport should not exceed approximately $40 per month.

For those who value mobility, renting or buying a motorbike or scooter is a convenient option. Renting a bike should cost no more than $30 a month, excluding fuel, insurance, and maintenance expenses.

Utility Costs

The cost of electricity, water, and gas typically amounts to about $80 for most expat households. Usage of appliances like air conditioners affects utility expenses, with less usage translating to lower costs. Monthly internet costs range from $10 to $30, with potential fluctuations in connection strength and stability.

Remote workers may need to consider the expense of hiring a co-working space to address internet connectivity challenges, especially during peak usage periods in the evening.

Conclusion: Living in Thailand offers expats a range of benefits, from a convenient retirement visa to a low cost of living. Whether you prefer the serene rural areas or the vibrant city life, Thailand has options to suit various preferences. The affordable healthcare, delicious local cuisine, and efficient transport systems further enhance the appeal of making Thailand your new home. By taking into account the essential contributors to living expenses, you can plan and enjoy a fulfilling retirement in this beautiful country.

Frequently Asked Questions (FAQ)

The primary expenses to consider are housing, healthcare, food, transport, and utilities.

Rent can range from $200 to $1,800, depending on the type and location of accommodation.

Non-Thai passport holders are required to have medical insurance with a coverage of not less than $20,000, including Covid-19 cover for the duration of their stay.

Yes, food prices in Thailand are quite affordable, especially if you adapt to the local cuisine. A single person can spend anywhere between $300 to $1800 a month on food, depending on their preferences.

Thailand offers rapid rail transit systems, extensive public bus service, and a well-maintained road network. Monthly public transport costs should not exceed about $40.

Utilities such as electricity, water, gas, and internet can amount to about $80, with internet costs ranging from $10 to $30 a month.

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