Retire To Asia—It's Easier Than Ever And Cheaper Than Anywhere Else On Earth Starting in the 1980s, when Costa Rica...Read more
Thailand’s Phuket Island is an internationally famous beach destination and rightfully so. Beautiful sandy shores separated by rocky headlands grace the entire west coast of the island. The Andaman Sea is warm, clear, and inviting—certainly one of Phuket’s main attractions.
There are few parts of the world that offer retirees more reasons to stay than Phuket. There’s something here for nearly everybody. Phuket has some of the most beautiful beaches and coastlines to be found anywhere, world-class golfing, beautiful mountainous countryside, and nearly a dozen unique and welcoming towns, all with sizeable foreign populations. The weather is tropically warm and English is widely understood. A tremendous selection of restaurants, cinemas, water sports, and a pulsating nightlife offer endless opportunities for entertainment. Phuket has something for nearly every budget, too.
More than 100,000 foreign residents have chosen to make a life here. That’s over 20% of the island’s permanent population. Others have come to Phuket to invest in real estate. With the right property, it is still possible to reap an 8% to 10% per annum return on your investment.
Cost Of Living In Phuket
If your idea of paradise includes a high-quality lifestyle, a reasonable cost of living, year-round tropical weather, and beautiful beaches, Phuket should be right on the top of your list. Rent, especially, is a global bargain. You can find a comfortable rental for as little as US$350 to US$400 per month, and most rentals come fully furnished.
Another factor in Phuket’s favor is the superb medical care, at a cost of 20% to 80% less than it would cost in the United States.
All costs considered, including groceries, utilities, entertainment, and your own motorbike for transportation, a retired couple could live here on a monthly budget of as little as US$1,000. For this very low cost, you’d be buying a full and fascinating lifestyle.
Apartment or House Ownership Budget
|Rent||–||Not included here as too variable.|
|HOA Fees||–||Not included here as too variable.|
|Property Taxes||–||Not included here as too variable.|
|Transportation||600||· One-way ticket local transport: 35
· Taxi start: 42
· Taxi 1 mile: 36
· Taxi 1 hour: 500
· Gasoline 1 gallon: 120
· VW Golf (new car): 1,100,000
· Toyota Sedan Comfort (new car): 887,500
|Water||–||Included with electricity.|
|Cell phone||480||Prepaid cell phone plan for 30 days|
|Cable TV||1,413||60 Mbps, unlimited data, includes cable/DSL.|
|Household help||10,000||150 hourly rate.|
|Entertainment||12,000||A couples’ cost for:
· Eating out twice a week at a mid-range, local restaurant: 380.
· Drinks twice a week at a nearby watering hole (cocktail: 213; beer: 105).
· Movie theater trip twice a month: 200.
|Groceries||10,000||Basic items for a couple.|
|Medical||315||Basic clinic/GP visit.|
Apartment or House Rental Budget
|Rent||Rent||Unfurnished, two-bedroom apartment in a desirable part of town|
Penny-Pincher’s Budget (for a couple, bare minimum costs for all)
|Rent||12,861||Basic, one-bedroom rental.|
|Utilities||2,517||Electricity, heating, cooling, water, garbage collection.|
|Cell phone||3||1 minute of prepaid.|
|Internet||–||Pay-as-you-go cell phone data only (no home Wi-Fi).|
|Cable TV||200||Most basic TV package.|
|Entertainment||3,000||All local-brand items, shopping markets and local vendors along with grocery stores|
|Groceries||5,000||60 Mbps, unlimited data, includes cable/DSL.|
· A beer: 90 (domestic); 120 (imported)
· Glass of wine: 100
· Bottle of wine: 550
· A coffee: 30
· Cappuccino: 72
· Average cost of a meal out per person in your city:
- Lunch: 250
- Dinner: 350