Thread by @talkcentss

Are you a South African and looking to retire in Thailand

Here are my costs over the last 5 years, between 2018 - 2022

[ THREAD ] 👇🏽

1/ Exchange Rates

Current rates:

USD/THB = 35.34
ZAR/THB= 1.90

Since 29 Dec 2017,

> The ZAR has depreciated 26% against the Thai Baht

> The Thai baht depreciated 9.84% against the dollar

> The ZAR depreciated 33% against the dollar

Why’s this important 👇🏽

1.1/

In ZAR terms,
retiring in another country, such as Thailand, is becoming more expensive

Mainly because of rapid currency depreciation relative to the Thai Baht and the USD

Ultimately,
The dollar has remained king

Let’s looks at the costs now👇🏽

2/ Total Overall Costs

(2018-2022) -5 years

> 2 843 250 baht
(2.8million)

> R1 496 447
(R1.4million)

> US Dollar
• $80 454

————

3/ Averages

Average yearly amount needed to live in Bangkok

• 568 650 baht
• R299 289
• $16 090

Average monthly amount needed to live in Bangkok

• 47 387 baht
• R24 940
• $1 340

(Based on personal costs)

4/ Food

Food is by far the biggest expense each year and over a 5 year period.

2022 food costs:

• 160 520 baht
• R84 484
• $4 542

5 year total cost ( for food )

• 786 960 baht
• R414 189
• $22 268

Average Monthly cost (for food)

• 13 116 baht
• R6 903
• $371

5/ Rent + Utilities

2nd biggest expense:

2022 costs:

• 130 920 baht
• R68 905
• $3 704

Total 5 year cost (for Rent )

• 748 710 baht
• R394 057
• $21 185

*Utilities were included in these figures.

6/ Transport

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

2022 costs:

• 32 180 baht
• R16 936
• $910

5 year total cost (for transport )

• 141 375 baht
• R74 407
• $4000

Average Monthly estimate:

• 2 356 baht
• R1240
• $66

7/ WiFi + Data (Internet)

2022 costs:

• 8 850 baht
• R4 657
• $250

5 year total cost ( for WiFi+ data )

• 43 490 baht
• R22 889
• $1230

Monthly cost

• 724 baht
• R381
• $21

Service providers 👇🏽

8/ Entertainment + Travel

2022 costs :

• 141 650 baht
• R74 552
• $4000

5 year total cost

• 422 050 baht
• R222 131
• $11 942

Monthly cost (over 60months)

• 7034 baht
• R3 702
• $199

9/ Gym

2022 costs:

• 9 230 baht
• R4 857
• $261

5 year total cost (for gym)

• 59 460 baht
• R31 294
• $1 682

Average monthly cost: ( 60 months)

• 991 baht
• R521
• $28

You can check out what it will cost you to live in Bangkok, Thailand, over 5 years.

You can follow me @talkcentss for more cost analysis and country comparisons

2017 -2021 Cost Analysis

https://twitter.com/talkcentss/status/1477880137349664768