The Minimum Wages for Foreigners Working in Thailand Considering finding a job in Thailand? Are you wondering what the minimum wages in Thailand are? It is important to know that the Thai federal government has different fixed minimum wages for foreigners working in Thailand which are considerably greater than the…
Minimum Monthly Salary to Live in Koh Samui, Thailand
If you are looking for information about the minimum monthly salary to live in Samui this blog post will provide data and tips on what you need. Taking a look at various levels of monthly income to live on the island of Samui, and see how to cover the cost of living. To begin with, you ought to take a look at Numbeo.com. They have a cost of living comparison, where you can put side by side the cost of living in your country and Koh Samui.
Before you arrive at Samui you might have certain expectations about the minimum monthly salary levels you need in order to live happily in Samui. This levels will be less for some individuals than others. The majority of people do decide to come here to enhance their own lifestyle whilst others come so they can save cash to send to their loved ones back home.
This article is intended more for the very first group who prepare to live in Koh Samui to improve their own life. Additionally, we should state that living in the north east of the island such as in Bophut, Chaweng, and Lami or other tourist areas will have a much greater cost. Outside these areas, you can have the same living standard for possibly 10-20% less.
Just to give you an idea on local wages in Thailand we will take a look at the common income for a Thai national. Although the income for Thai nationals varies, many people live a frugal life on a modest salary. The minimum wage is presently around 300 Baht per day, less than 10,000 Baht a month. This is for unskilled workers. The basic wage for university graduates in entry-level jobs is just an extra 5,000 a month. Even for medical professionals and engineers in their early careers, they have the tendency to earn around 35- 50,000 Baht a month. It is a fact that after getting more experience and certifications people can get higher paying jobs for around 80,000 Baht. The average salary is about to 20-25,000 a month however just with top education and connections.
Consequently, more than a few people have to live on about 300 to 400 Baht a day. They can do this by eating street food, living with family or sharing cheap apartment or condos and needing to avoid many activities most people in the West take for approved. It is true that those making over 20,000 Baht live a great quality of life however that is mainly down to understanding ways to live cheaply and getting bargains.
Foreigner salaries under 20,000 Baht
You see a job paying less than 20,000 Baht a month and want to understand if it will meet the minimum monthly salary to live in Samui. Well, this wage is typical to those used to numerous non-native English teachers from the Philippines, India or Africa. In comparison to their country, this is an excellent wage and they frequently have some spare to send out home to their household. You will be living in a studio apartment and eat mainly street food, however, can go out for a drink once a week and perhaps have the odd shopping splurge. If you live in a remote town this wage would be sufficient to cover the cost of living, if you don’t intend to save money and simply need enough to “Survive”. You can look after yourself and possibly have the odd treat, however, it is not a long-term winning plan.
Foreigner salaries 20,000 to 35,000 Baht
This salary range, typically 28,000 to 33,000 Baht is the salary paid to Government English instructors. Outside of tourist areas, it will supply a decent standard of living and for the many people who come here for a year or so it is appropriate for them as they frequently have some cost savings to help too. An apartment at 5,000– 10,000 Baht, a few Western meals a week and a night out partying weekly and there will be remarkably little left over. Again for those here just for a year, it is not an issue however if you have long-term strategies to remain here you will have a hard time to pay for a flight home to visit your family or if your laptop breaks and so on.
This is likewise the base salary for lots of non-teaching careers in media, marketing and sales, typically with included commission payments. Individuals in these jobs rely greatly on performance, but a month or so without income can be difficult.
Foreigner salaries 35,000 to 50,000 Baht
In this range, you will begin to get true financial liberty. This implies a couple of more nights out for a dinner at a restaurant, the opportunity to save 5,000 to 10,000 Baht a month and not having to count the cents all the time. You will have the ability to pay for a few nice journeys a year and be able to enjoy yourself better with your friends.
Foreigner salaries 50,000 to 100,000 Baht
This is well over the minimum monthly salary to live in Samui. With this salary, you will have a comfortable life as long as you don’t get too stuck into Thai nightlife. This salary is typically paid for high-level teachers and mid-level managerial positions in international corporations. You will have the ability to save a reasonable amount of money while still having a very high standard of living. It won’t be difficult at all to pay the ticket for the flight back home to see your family. When you’re back you will even have the ability to purchase a couple of drinks for your loved ones! Still, with greater earnings people have the tendency to spend them on buying things they don’t require. With this salary, you will be renting an extremely nice home with a swimming pool. You can likewise take a look at making bigger purchases.
Foreigner salaries 100,000+ Baht
Making over 100,000 Baht a month you will live a superb life. You will be able to purchase nearly anything you want and will most likely live a better lifestyle than in your home country. This wage is reserved for teachers at international schools and management positions in international companies or specialized skilled professions. Often at this level, individuals will also have a benefits bundle including accommodation, flights, and insurance coverage. There will be amazing vacations and sufficient opportunity for saving good money. This might be multiple times the minimum monthly salary to live in Samui, and with this money, you can support a family too.
There is a number of different takes on the minimum monthly salary to live in Samui, however for a single person wanting to have a good standard of living they need to be making at least 50,000 Baht in Koh Samui. Of course, if you have a family a higher salary is needed to support them. In that case, the minimum monthly salary to live in Samui with your spouse and one or two children needs to be more than 100,000 Baht.
Feel free to post your ideas in the comment section below!
2157 total views, 2 today