Thailand is a popular travel destination for both tourists and expats alike. With its warm climate, beautiful beaches, rich culture, and delicious cuisine, it’s easy to see why so many people are drawn to this country. Many of them are unaware that Thailand is also home to some of the world’s largest corporations, including CP All, Boon Rawd Brewery (Heineken), and Siam Cement Group (Lafarge). As a result, many companies choose to relocate their headquarters to Thailand due to its favorable business environment.
The Thai Baht is the official currency of Thailand (one Thai Baht is divided into 100 satangs), and it is pegged to the US dollar at a fixed rate of approximately 30 baht per US dollar. In the past, the Thai Baht experienced significant volatility against the US dollar, but since 2013, it has been relatively stable.
What Are The Costs Of Living In Thailand?
While living in Thailand can be relatively inexpensive when compared to other major cities around the world, it still comes with its own set of costs. Let’s take a look at some of them and how they can affect your budget.
Accommodation
There are a number of options available in Thailand. You can choose from hotels, hostels, apartments, or even rent out your own private room or apartment if you’re looking for more privacy. Prices vary depending on which option you choose. However, you can expect to pay anywhere from $10-$40 USD per night for a hotel room. Hostels typically cost around $10-$15 USD per night for a dorm bed or $25-$35 USD for a private room. For apartments and rooms for rent, prices will vary depending on location and amenities but typically range from $300 USD-$1,000 USD per month.
Cost Of Food
Thailand is known for its delicious cuisine; however, eating out can be quite expensive when compared to other parts of Southeast Asia. If you’re looking for a more affordable option, you can always try cooking at home or going for street food instead. Street food is typically cheaper than eating out at restaurants. However, it can be difficult to find safe places to eat since there have been cases of food poisoning reported in recent years.
Transportation
The cost of transportation in Thailand varies depending on what mode of transportation you choose to use. Buses are typically cheaper than taxis, but taxis are more convenient since they are available 24 hours a day and can take you anywhere you need to go. If you’re looking for an even cheaper option, you can always try riding a motorcycle taxi or tuk-tuk.
A Faster Calculation
Whatever may be your reasons to investigate the cost of living in Thailand, you can do it far much faster by using an API. With an API you will receive all the information available for that city in an easy-to-read format within a few seconds!
The Cost Of Living API by Zyla Labs is one of the most accurate and reliable APIs available today. It is easy to use and allows you to quickly retrieve information about the cost of living in any city in the world. This API also provides data on local purchasing power, which allows you to compare how much a certain amount of money can buy you in different cities.
If you want to use it, the first step is to create an account on the Zyla Labs website and get your unique API key. Once you have your API key you can start making calls to this API by simply entering your bearer token in the Authorization header. Finally, just enter the name of the city you want information about as a parameter in your query. And that’s it! The rest will be handled by Cost Of Living API! Check the API’s website for more information on pricing and purchasing power worldwide!
