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Retire in Chiang Mai for less Than $1,000 a Month

Retire in Chiang Mai for less Than $1,000 a Month
Chiang Mai

Chiang Mai

Finance, natural beauty, cultural enrichment and the need to communicate in English are just some of key factors that set Chiang Mai apart from the rest when it comes to a sweet place/country to retire. Combine that with its simple visa acquiring process, which requires you to be at least 50 years of age and have $ 25,806 US dollars or Bht 800,000 deposited in a Thai bank or 65,000 bht monthly income or a combination of both, Chiang Mai is definitely the ideal place for one to retire, in addition to that you will also be required to have and present a police report which indicates how good a citizen you are as well as a medical report which will indicate that you are in reasonable health. Although correct, it is advised that you check with the local Thai authority before making commitment as the rules might change. You could alternatively go for a 30 day tourist visa which is basically free as you look to checkout Chiang Mai before making your final decision.

The key to retiring in Chiang Mai for less than $1,000 a month is to make sure that you have all the vital necessities such as house all sorted out, you could either choose to buy a house or rent, buying a house/condo that has all the basics such as gym, swimming pool and next to vital service centers that offers things such as massage parlor and a restaurant nearby will cost you roughly 1,400,000 bht ($34,146 USD), if you are planning on renting, a simple and clean guest house will cost you 5,000 bht, once that has been accomplished your stay in Chiang Mia will be very smooth and easy. That said, it is also good to note that many houses in Chiang Mai are situated next to banks, shopping center as well as services such as travel agencies thus navigating and getting the essentials for a day is simple. Unlike other states in the US, having a budget of $1,000 US dollars a month allows you and your partner to leave a very comfortable life. When it comes to identifying a place that you will reside on once you have decided to retire, it is good to note that foreigners (you) are not allowed to buy land in Thailand thus the need for you to buy a house/condominiums.

Chiang Mai food

Chiang Mai food

If you are a fan of Thai food which is known for having a lot of pepper in a single dish, then you are in luck as this will help you cut back on your monthly eating expense by an impressive 60%. If you are not a fan of Thai foods for various reasons such as having throat cancer, you should not be alarmed as you can enjoy your favorite meal at a very pocket friendly price. For instance a breakfast consisting of fruits, cereals, tea, coffee and toast will coast you around 100 bht while a perfect lunch that consists for example spaghetti with salmon in a light cream sauce, a large shrimp salad and mushrooms done in a garlic sauce will cost you somewhere around 300 bht or $10 US dollars. For a nice supper that may consists of but not limited to mashed potatoes, grilled chicken legs and wings, salad, gravy and a pineapple at a restaurant will cost you around 250 bht. In total your day to day expense for your meals will be around 600 bht per day, multiply that by 31 and you will get your monthly expense for your meals which is 18,600 bht or $600.00.

Other monthly expenses which you will have to cope up with are maintenance for your house/condo which will roughly cost you 800 bht, electricity bills 1,000 bht, water 250 bht, high speed internet will cost you 900 bht and for your entertainment you can get cable TV with all your favorite English movie channels as well as news channels for 300 bht. Add this to other essential expenses such as haircut services which is 80 bht, manicure and pedicure which combined come up to 200 bht and a Thai message and you would will get a total monthly expense that is around 24,000 bht per month.

The money issue aside, retiring in Chiang Mai will give you a take on cultural enrichment. Many people in this area are bound to greet you with smiling faces if you atleast acknowledge them, there are also art galleries throughout the city that you could visit as well as numerous Thai cultural events that you could visit from time to time. It is also good to note that Chiang Mai also has great medical facilities close by doctors some of whom were trained in the USA who charge reasonable prices. .

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