Living Costs for Retirement in Hua Hin, Senior Residence Thailand

Cost of Living in Hua Hin

RETIREMENT IN THAILAND

If your dreams of retirement include a beautiful and perfect climate, cultural experiences, access to great affordable healthcare and a low cost of living, you may now be thinking about retiring in Thailand. One very popular destination with retirees in Thailand is in Hua Hin, a small cozy beach resort town in southern Thailand known for its natural beauty, royal family, pristine beaches, exotic cuisine, low cost living, and very friendly people. A paradise to retire in….

According to international living, a publishing group that covers living and retiring overseas, Thailand ranged on the top ten Destination in the world, and has one of the lowest costs of living in the world, adding to its appeal as a top retirement destination. Here, we will take a look at how much money you really need to retire in Thailand, plus how to make your retirement money last much longer.

HOW TO GET STARTED

How to get a Retirement Visa to retire and live in Thailand

Obtaining a retirement Visa to come and live in Thailand is still a pretty cheap and easy experience.  You can apply both within Thailand, hanging your tourist Visa after deciding Thailand or apply before you come from your home country.

Requirements for a Non Immigrant Visa ‘O-A” (Retirement)

  • Must be 50 years of age or over.
  • Passport (must have at least 1 year (18 months preferred) remaining until it expires
  • Holder of this type of visa is allowed to stay in Thailand for 1 year.
  • Holding the nationality or permanent residence of country of application
  • Proof of Financial requirement
  • Letter from Bank showing proof of deposits

N.B. It is often easier to get your Visa from your home countries consulate

The easy requirement for a retirement Visa is prove of income of 60000.- THB pr. month (about $2,000) or savings of 800.000 THB (25.000.- dollar) in a Thai bank account that you can spend during one year

There is another way headache free for Visa in Thailand, Is the Elite Cart, a government cart that gives you VIP visa for 5 years with multiply enters and priority Check in at Airports , a Family cart with cost you 800,000 for two person and 300,000 for other family members. www.thailandelite-direct.com

RETIRMENT WITH BUDGET CONSCIOUS

Though $1500.-  a month is a very good starting point, it is possible to get by with a much smaller budget. The average Thai resident lives 10,000 to 15,000 per month.

  • A two Bedroom Apartment, with air-con working full time will cost you 3-5,000 a month for electric, water is only 12 baht per m2, (but not drinkable)
  • A meal in a Thai restaurant will cost you 150-250 baht per person, a beer 60 baht, a soft drink 20 baht
  • A Meal in European restaurant will cost you 300-500 Baht, a beer 90 baht, a class of wine 150 baht
  • A Package of cigarettes (Marlboro) 120 baht, a local Taxi for a trip around the city 20 baht, a Tuk Tuk from 100 baht to how good you are in Negotiations
  • Super market, plenty of option, Beer 30 baht, cola 7 baht, water 5 baht, Chicken 60 baht per kilo, Pork 130 Baht per Kilo
  • Beef is expensive, only import beef is worth to try, from 600 baht as much you want per Kilo
  • Vegetables and fruits, are good and very cheap, special if you learn how to shop in local markets, a 15 banana block, 30 baht, a mango 40 baht per Kilo, a pineapple 30 baht per Piece, a water melon 20 baht per kilo
  • A Full time maid will cost you 10,000 baht a month,
  • Transportation to Bangkok with taxi from 1,500 baht, Buss 140 baht, Mini Van 250 baht, bus to airport 400 Baht
  • A small Sedan car, from Brands like Toyota, Nissan, Honda start from 500,000, cars are expensive in Thailand, a motorbike will cost you 30-50,000 baht for 50-150 cc, (but you need a good insurance, driving motorbike in Thailand is quite dangerous)
  • Gasoline 30 baht, Diesel 30 baht
  • Internet TV from 400 baht a month, UBC from 1,500 a month
  • Driving without License will cost you 500 baht ticket, Speed driving 400 baht, DUI can be jail time, up to the officer who stops you

GREAT HEALTHCARE IN THAILAND

Healthcare is one cost that is often overlooked, but expats need to plan for it. There is no public health insurance in Thailand for expats. For those older than 50, a good private health insurance is the best choice, and can cost you from 50,000 baht a year up.

Because of the low cost of healthcare in Thailand, many expats rely on their savings for unforeseen medical emergencies. Others only buy less expensive accident insurance in the hopes that they are more likely to have an accident than a dire medical emergency. Sometimes it is possible to rely on travel insurance if you are returning back to your home country or traveling on a regular basis. This is also a less expensive avenue to pursue if it will fits your needs.

SO WHATS NEXT?

So if you are thinking about retiring in Hua Hin or else ware in Thailand it is worth considering.

A substantial expat community already enjoys the country’s natural beauty, exotic cuisine and beautiful climate, plus access to affordable healthcare and one of the lowest costs of living in the world.