Housing – Average Rents Apartments that more closely resemble the western comforts start at about 15,000 baht, or 462 dollars per month. If you truly want a luxurious apartment , you should also expect to pay approximately 30,000 baht, or 925 dollars per month.
Foreigners are not allowed to own land in Thailand by law. If interested in buying, a foreign investor has two options: either a 30-year leasehold or purchasing the property through a limited company. Apartments can be purchased by foreigners as long as at least 51% of the building is owned by Thais.
|Type||Price per Square Meter|
|Luxury||180,000 – 250,000 baht|
|High End||100,000 – 170,000 baht|
|Mid Market||70,000 – 100,000 baht|
|City Condo||Lower than 70,000 baht|
Luxury apartments can cost more than $2,000 per month in the most desirable parts of Phrom Phong, Thong Lor, and Silom, all of which make up Thailand’s financial center. Penthouse apartments , complete with maid service, a private pool, and panoramic views of the city, can run $4,000 per month or more.
Average wages in Bangkok is pretty high compared to other areas of Thailand. Currently, the average wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD. Bangkok has some of the highest average salaries among ASEAN members capitals.
Bangkok has joined the list of the 100 most expensive cities for expatriate workers for the first time on the strong baht, economic growth and more stable politics, based on cost of living surveys by ECA International. Bangkok rose 32 places from last year.
Foreigners cannot buy land in Thailand , only condominium units and apartments . However, a foreigner can buy a whole building, minus the land on which it is built. In recent years, minor changes in Thai law have allowed nonresidents to explore the Thai real estate market.
Generally, foreigners are not allowed to directly purchase land in Thailand . Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.
You can apply to live in Thailand long term if you are married to a Thai or if you have a Thai child or children. The marriage visa for Thailand is issued at a Thai Embassy in your home country and it is normally issued as a single entry visa and valid for 90 days once you enter Thailand .
Most statistics say yes, as the Bangkok crime rate is lower than that of many U.S. cities, and violence against tourists is rare.
Buying a condo for investment is much more affordable than single-family homes and generally score higher rental income. However, with that said, condos often appreciate in value much slower than single-family homes. This is because you don’t own any land, which is a key factor to increase or appreciate a home’s value.
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand , with no requirement to apply for an extension of stay. You will also be able to apply for an extension of stay and Permanent Resident status for your non- Thai family members.
1,000 baht a day is a lot more than the minimum wage (in the formal job market and way way more than up country) in Thailand. Few people would come Thailand to holiday as a poor Thai.
Convert US Dollar to Thai Baht
|1 USD||30.0412 THB|
|5 USD||150.206 THB|
|10 USD||300.412 THB|
|25 USD||751.030 THB|
We talk about the money she earns in the bar and she explains that she averages around 1,500 baht in tips every night and at least ten lady drinks a night, usually many more.