Retiring In Thailand: Here Are Top Things To Consider

Retiring In Thailand: Here Are Top Things To Consider

Thailand is one of the most preferred Asian destinations among foreign retirees. It offers a tropical climate with scenic locations ranging from beautiful beaches, ancient temples, and highly diverse exotic wildlife. The country is also known for its delicious, yet cheap street foods enjoyed by locals and foreigners alike.

However, settling in paradise would require some thinking. Consider these items before packing up for retirement in Thailand.

Visa Options In Thailand

Thailand offers a retirement visa option for foreigners lasting for one year and is renewed annually. Basic requirements to qualify for a Thailand visa is that the expatriate is at least 50 years of age with income generated outside Thailand that could support daily living expenditures. Other options include applying for a Thailand deposit account with a bank balance of 800,000 baht or USD 25,400.

Thailand’s Cost of Living

As compared to residing in the US, the cost of living comfortably in Thailand is relatively cheaper. A typical American household with four family members will incur approx. USD 2,340 monthly expenditure covering food, housing, and utilities while a single individual at USD1,124.

Thai Street Food

The local street food scene in Thailand is a popular social activity. Motorcycle-drawn food carts offering fresh fruits and homegrown Thai dishes are a common sight. With food as cheap as 50 baht an order, it is a great way to satisfy one’s hunger while immersed in rich Thai food and street culture.

Slow-paced Thai Life

Thailand offers a distinct atmosphere conducive to relaxation. It strays away from the conventional workaholic atmosphere and provides a more laid-back working atmosphere. The people are friendly and are accommodating to most foreigners who are open to trying out local Thai culture and activities. Specific activities include visiting top attractions such as Wat Phra Chetuphon, The Sanctuary of Truth, Wat Chedi Luang Varavihara. A trip to Bang Tao Beach or even the Bamboo Island tour is a must-try for those who want sun-kissed skin.

Top Thai Locations For Retirement

Top Thai locations for retirement depend on individual preferences. Places such as Pattaya, Koh Samui, Chiang Mai, Phuket, and Hua Hin are considered the best retirement places for foreigners. From beautiful beaches to exploration and discovery of ancient ruins, retirees never run out of activities to choose from. Thailand is currently rank as #10 in the world’s most favorable countries to retire.

Key Takeaways

Choosing a suitable retirement location is an important life decision. Factors to consider include cost of living, food, weather, local culture, and things to do and enjoy. Thailand offers the best retirement experience for expatriates. From its tropical climate coupled with beautiful beaches. Thriving wildlife is full of diversity with a glimpse of Ancient Thai civilization. No matter what specific retirement criteria require, Thailand will surely come up with the most practical yet enjoyable places to retire.