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      Chiang Mai, Thailand

      A City With Much to Offer

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          Line of Golden Buddhas in Thailand at Wat Phrathat Doi Suthep, Chiang Mai
          AdobeStock/GISTEL

          The heart of Chiang Mai lies within its old city walls.

          Many foreigners choose to make central or southern  Thailand their home and a majority of them settle around Thailand’s third “country,” Chiang Mai.

          Since the 1800s, the Thai city of Chiang Mai has been luring expats from the West, some come for the weather, and others are attracted to the low cost of living.

          It’s an area rich in history with a culture distinctly different than central and southern Thailand.

          About 435 miles north of Bangkok, Chiang Mai is nestled in a fertile river valley surrounded by mountains and enjoys a more temperate climate than other parts of Thailand. It’s an area rich in history with a culture distinctly different than central and southern Thailand.

          Many people who first experience Northern Thailand on vacation end up staying for years.

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            Ancient And Modern Coexist In Chiang Mai

            In Chiang Mai dozens of ancient and modern Buddhist temples coexist with public and international schools, residential and commercial neighborhoods.

            For instance, street markets and festivals occur almost nightly, and a huge array of restaurants catering to all tastes can be found within walking distance of almost anywhere in the Old City.

            Chiang Mai has grown beyond the ancient walls, though, and extends for several miles in every direction.

            Large shopping complexes are located along the superhighway, a multi-laned, controlled-access ring road that circles the outskirts of the city.

            Several “mega-malls” and huge multi-national grocery and department stores line the access roads to the superhighway.

            Between the Old City and superhighway are the condominiums that so many foreigners purchase, freestanding houses, terrace homes, and hundreds of independently-owned neighborhood stores. One thing that Chiang Mai definitely has going for it is its weather.

            While the weather in Bangkok is hot and steamy year round, Chiang Mai has a cool season From December until the end of February, mid-day temperatures are generally in the low or mid-80s.

            Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

            Reviewed By Lief Simon

            Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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              Table Of Contents

              Cost Of Living In Chiang Mai

              Thailand is one place in the world where you can still enjoy aspects of first-class living at economy-class prices.

              It is possible to stretch your retirement nest egg to enjoy a better lifestyle in Southeast Asia than you could afford anywhere else in the world.

              In Chiang Mai, where a retired couple could on less than US$1,300 per month, with housing prices so low, it’s no wonder so many expats have chosen to make Thailand their permanent home. Buying real estate in Thailand has several difficulties.

              Of course, some retirees—particularly those intending to spend a long time in the country—may feel more comfortable buying their own property, regardless of difficulties or depreciation.

              Anyone  living in Thailand  is responsible for paying taxes when  buying or selling property, but there are no annual property taxes.

              All taxes and fees are paid upon the transfer of the property.

              Luxury condominiums start at around US$49,500, and for around US$115,500, you could have an upscale and spacious place with a full Western-style kitchen, teak floors, installed phone lines, hot tubs, spectacular views and amenities such as swimming pools and golf courses.

              Affordable Health Care 

              Across Thailand, the  standard of medical care is very high  and costs are extremely reasonable. This has helped to make the country a popular destination for medical tourists, who find it much less expensive to fly to Thailand and receive treatment there, than it would be to have the same procedure done in their home country.

              Over 2 billion foreigners sought medical care in Thailand in 2022. So, seeing an English-speaking doctor for a simple visit, for example, costs around US$20.

              Several hospitals in the city offer an international standard of medical care. Major surgical procedures are significantly less expensive than in the U.S. and positive outcomes are high.

              A heart bypass, for example, that would cost over US$100,000 in the United States will only cost around US$10,000 in Thailand.

              A total hip replacement in Thailand costs around US$11,000, yet the same procedure in the States is more than US$70,000.

              For instance, a simple MRI costs less than US$300, a saving of around US$700 compared to having the same procedure in the United States.

              Monthly Budget For A Couple Living In Chiang Mai, Thailand

               
              Expense Monthly Cost Notes
              Rent THB 25,000 Unfurnished, two-bedroom apartment.
              Gas THB 450 For cooking.
              Transportation THB 800 Bus/metro pass for two, occasional taxi.
              Electricity THB 2,000 A/C usage.
              Water THB 325
              Telephone THB 600
              Internet THB 1,000
              Cable TV THB 1,500
              Groceries THB 9,000 Basic items for couple.
              Entertainment THB 2,560 Social outing, 150-700 baht p/person
              Total THB 43,235 US$1,197.61
              Click here for currency conversion at today’s exchange rate.

              Foreign food is easier to come by in Thailand, especially in large cities. If a craving for Western food strikes, rest assured you can find decent pizza, steak, and hamburgers.

              In Thailand you’ll spot familiar chains like McDonalds and Starbucks in mall food courts, side-by-side with noodle bowl and rice-dish restaurants.

              Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

              Reviewed By Lief Simon

              Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

              Start Your New Overseas Life Today

              A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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                Table Of Contents

                Chiang Mai, Thailand - FAQs

                Be The First To Ask About Chiang Mai, Thailand

                Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                Portugal is known for Fado music and also for being the largest cork producer in the world.

                Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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