David (TalkingCents) Profile picture
Founder @Fundup21 🇿🇦 | Raised over R1 million | Property and Equity Investor | I Tweet Financial Content to put $ in your Pocket | Email: talkcentss@gmail.com

Jan 3, 2022, 15 tweets

Total Cost of living in Bangkok,Thailand

2018 - 2021
(4 years)

- thread - 👇🏽

1/ Total Overall Costs (2018-2021)

• 2 171 710 baht
(2.17million)

• R1 044 088
(1million)

US Dollar
• $65 411

#thailand

2/ Averages

Average yearly amount needed to live in Bangkok

• 542 927 baht
• R261 022
• $16 352

Average monthly amount needed to live in Bangkok

• 45 244 baht
• R21 751
• $1 362

(Based on personal costs)

3/ Currency Exchange

2022
USD/THB = 33.20
ZAR/THB= 2.08

Since 5th Jan 2018,
The ZAR has depreciated 20% against the Thai Baht

The Thai baht depreciated 3.3% against the dollar.

The ZAR depreciated 23% against the dollar.

* The ZAR is depreciating at a quicker rate.

Why is this important?

In ZAR terms, one’s salary increases because of currency depreciation, if earning Thai baht.
(Relative to each other)

In dollar terms, both countries have gotten poorer, but South Africans have been worse off.

4/ Food

Food was by far the biggest expense in 2021, in fact, in all 4 years.

2021 costs:

• 145 800 baht
• R70 096
• $4 392

Average yearly cost ( over 4 years )

• 156 610 baht
• R75 293
• $4 717

Monthly cost:

• 13 050 baht
• R6 274
• $393

5/ Rent + Utilities

2nd biggest expense:

2021 costs:

• 141 050baht
• R67 812
• $4 248

Average yearly cost (over 4 years )

• 154 447 baht
• R74 253
• $ 4 652

*Utilities were included in these figures.

Below is the breakdown of that👇🏽
(Annual fees)

6/ Electricity usage (KWh)

I used 6289 KWh in 2021 at a total price of

25 140 baht

Equals = 3.99 baht a unit

• R1.91
• $0.12

* Water works out to be
+-R86 a month

7/ facilities

Living in a condo, amenities include a gym, sauna, swimming pool, meeting room and library

As a tenant, you pay rent + electricity + water

This is an average condo I first stayed in, in 2018👇🏽

8/ Transport

I own no car or bike and strictly use public transport for everything.

2021 costs:

• 11 780 baht
• R5663
• $354

Average yearly cost (over 4 years)

• 27 298 baht
• R13 124
• $822

Average Monthly estimate:

• 2 275 baht
• R1 094
• $69

9/ WiFi + Data (Internet)

2021 costs:

• 6 840 baht
• R3 288
• $206

Average yearly cost ( over 4 years)

•8 660 baht
• R4 163
• $260

Monthly cost

• 722 baht
• R347
• $21.66

Service providers 👇🏽
#dtac #aisล่ม

10/ Entertainment + Travel

2021 costs :

• 59 290 baht
• R28 505
• $1 786

Average yearly (over 4 years)

• 70 100 baht
• R33 701
• $2 111

#travel

11/ Gym

2021 costs:

• 5 700 baht
• R2 740
• $172

Average yearly cost ( over 4 years)

• 12 557 baht
• R6037
• $378

Average monthly cost:

• 1 046 baht
• R503
• $31.5

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That’s it for now, I will update the thread again when I do more analysis.

Follow @talkcentss for more financial comparisons and cost of living posts.

You can expect more:

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