Thailand is the second biggest economy in Southeast Asia. And it’s a popular outsourcing location due to its average salary, which is lower than in countries like the USA and Singapore.
The average annual salary in Thailand is 1,160,000 THB (Thai Baht) or 34,782 US Dollars, according to the exchange rates in August 2021. But the country’s average salary varies, depending on several factors.
In this article, we’ll talk about the average salary in Thailand and help you learn more about the advantages of outsourcing to the country, and take a look at its outsourcing laws.
This Article Includes:
(Click on the link to go to a particular section)
- What is the Average Salary in Thailand?
- How Does Average Salary in Thailand Vary?
- Experience
- Profession
- Education
- City
- Increment, Bonuses, and Incentives
- Is Thailand a Good Outsourcing Destination?
- 3 Advantages of Outsourcing to Thailand
- Legal Provisions Regarding Outsourcing to Thailand
Let’s dive in.
What is the Average Salary in Thailand?
Thailand has a salary range of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. And its average monthly salary is 96,900 THB (2904 USD).
The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.
Additionally, the daily minimum wage in the country ranges between 313 Baht (9.4 USD) to 336 Baht (10 USD). And it’s average wage is 20,854 Baht (625 USD) a month.
How is wage different from salary?
The average monthly salary includes monetary compensation, housing and transportation payment, paid leaves, insurance, etc. Whereas the average wage is just the monetary compensation that the employee receives.
Additionally, the wage is a variable compensation that depends on the number of days or hours the employee worked and their hourly rate. But a salary is a fixed compensation that doesn’t change with the hours worked.
And the average salary varies depending on factors like qualification and the city of the employee.
How Does Average Salary in Thailand Vary?
Let’s look at the factors that influence the average Thai salaries:
1. Experience
Usually, the average Thai salary of an employee increases with their experience.
An employee with two to five years of experience earns about 32% more than their base salary. Likewise, employees with experience of more than five years get paid 36% more than those with less than five years of experience.
Once an employee hits a 10-year mark, they may get a 21% higher salary than before, and those who have more than 15 years of experience may get an additional 14%.
2. Profession
Just like in other countries, the average income varies across different job titles.
Healthcare professionals are the highest-paid professionals in Thailand. A doctor or physician generally earns 228,000 THB/month (6836 USD) on average.
(Video) It's Thai news 19/02/2021 Graduate salaries in Thailand
A Thai person working in Executive and Managerial positions earns an average salary of 131,000 THB per month. And legal representatives get an average salary of 117,000 THB per month.
Here’s a table with other popular professions:
| Profession | Average Salary/Month |
| Business Development Manager | 155,000 THB |
| Human Resources Manager | 152,000 THB |
| Developer / Programmer | 96,600 THB |
| ESL Teacher | 85,100 THB |
| Real Estate | 70,512 THB |
Source: salaryexplorer.com, averagesalarysurvey.com
Generally, in some fields, an expat receives a higher salary than a native.
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For example, a non-native teacher is paid more than a native English teacher.
Further, a qualified teacher with a TEFL certificate will earn more than a teacher with only a language degree. And a teacher in a public school usually receives a better salary than someone working in a private school. However, international schools pay their foreign teachers more than public schools.
Note: Employees with the same designation usually receive 7% more when working for the Thai government than in the private sector.
3. Education
Like in most other countries, educated employees in Thailand get paid more.
Let’s look at how the average salary varies for employees with the same work experience but different qualifications:
- A worker with a certificate or diploma earns 17% more than their high school counterparts in Thailand.
- An employee with a Bachelor’s degree receives 24% more salary than those with a Diploma degree.
- A Master’s degree holder is paid 29% more than a Bachelor’s degree holder.
- An employee who has completed a Ph.D. earns a 23% higher salary than a Master’s degree holder.
4. City
The average salary in Thailand varies from one city to another due to different levels of industrialization across the country. Cities in developed regions that have more businesses pay high salaries.
Here’s a table of few Thai cities and their average salaries:
| City | Average Monthly Income |
| Bangkok | 112,000 THB |
| Chiang Mai | 107,000 THB |
| Phuket | 65,000 THB |
Source: salaryexplorer.com, payscale.com
5. Increment, Bonuses, and Incentives
Employees in Thailand are likely to get an increment of 8% every 17 months on an average — which is high compared to the world average of 3% every 16 months.
Here’s a table showing the increment rate by industry:
| Industry | Increment (%) |
| Banking | 8% |
| Energy | 7% |
| Information Technology | 6% |
| Healthcare | 5% |
| Travel | 4% |
Source: salaryexplorer.com
Here’s a table showing the average salary increase rate by experience:
| Experience Level | Average Annual Increment |
| Junior Level | 3% – 5% |
| Senior Level | 10% – 15% |
| Top Management | 15% – 20% |
Source: salaryexplorer.com
A Salary Explorer survey found that 56% of respondents received a bonus of 2% to 7% of their annual salary.
Note: These figures may vary drastically as they’re averages across industries, cities. Specific job titles may also influence salaries.
(Video) Comparison: Average SALARY by country 2022
Is Thailand a Good Outsourcing Destination?
Thailand’s economy grew at an astonishing rate of 7.5% from 1960-1965 and 5% from 1999-2005. During this period, the country saw a decrease in unemployment and poverty levels and maintained it until the pandemic.
However, recently, their growth rate decreased from 4.2% in 2018 to 2.4% in 2019.
Additionally, the country had negative economic growth of 6.1% in 2020 due to a decline in external trade and tourism, supply chain disruptions, and weakening domestic consumption.
Despite these setbacks, Thailand has a GDP of 501.795 billion USD in 2020. Also, the World Bank predicts that the Thai economy will grow by 5.1% in 2022.
This means that even though the country is going through a tough time now, it’s still a great outsourcing destination because of its economic stability.
Moreover, outsourcing to Thailand offers businesses several advantages.
3 Advantages of Outsourcing to Thailand
Let’s look at some of the advantages of outsourcing to Thailand:
1. Low-Cost Operations
The hourly minimum wage of Thailand (1.26 USD) is way lower than that of the USA, which is around 7.25 USD.
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It’s much lower than other Asian countries like Hong Kong (4.82 USD)and China (3.71 USD in Beijing).
Also, the cost of infrastructure and office amenities is low in the country. This way, companies can easily set up their offices to start their business.
Apart from low operation costs, outsourcing companies can also receive tax benefits from the Thai government.
This includes:
- Exemption or reduction of import duties for imported machinery.
- Companies that fulfill certain criteria can get a 10 billion THB subsidy under the Competitiveness Enhancement Fund.
- Qualified expatriates and Thai employees can get a 17% Personal Income Tax rate on their income if they work for companies in ECC (Eastern Economic Corridor).
2. Skilled Employees
Thailand has a skilled labor force known for its artistic talent. They supply several handmade products like garments, jewelry, handicraft, ceramics, pottery, etc.
Additionally, the literacy rate of Thailand was around 93.8% in 2019 -— way higher than that of the world (87%).
Also, the present population of Thailand is better educated than Malaysia, Indonesia, and Cambodia.
According to Coursera’s Global Skill Index, Thailand ranked 38th, while Malaysia and Indonesia were listed 43rd and 56th, respectively. And the Global Talent Competitive Index 2020 ranked Thailand 67th and Cambodia 117th in the world.
This means that the country has a strong literate labor force to propel your business forward.
3. High Adaptability
The country is a popular tourist destination and had around 6.7 million international visitors in 2020. Moreover, Thailand also has about 11,200 expats teaching English.
This is because Thai people are open-minded and welcoming to other cultures. This character enables outsourcing companies to establish themselves in the country quickly.
(Video) My Honest Monthly SALARY | SAVING | EXPENSES 💰 Cost of Living in Bangkok | Indian in Thailand
Western food in Thailand might taste more authentic than in other Southeast Asian countries. Your foreign staff can take advantage of this and make themselves feel more at home.
Additionally, with a high understanding of western culture, customer service representatives in the country may know how to handle your western customers better.
Legal Provisions Regarding Outsourcing to Thailand
The outsourcing laws in Thailand support outsourcing companies to establish and run their businesses in the country. Let’s look at a few prominent regulations:
1. Employment Contract
Under the Civil and Commercial Code and the Labour Protection Act (LPA), employment contracts in Thailand can be written or verbal. However, specific industries like Maritime are legally required to use written employment contracts to record certain details.
Also, most companies prefer a written employment contract that specifies all terms and conditions to avoid misunderstandings in the future.
There are two types of employment contracts:
- Fixed period employment: States the fixed time period of employment. Usually used when hiring for a project.
- Ongoing employment: All employment other than the fixed period employment.
2. Compensation
Employers need not necessarily pay employees bonuses. However, many give a bonus in the 13th month, based on employee performance.
3. Employment Termination
Employee termination depends on the type of employment contract.
A fixed-term employee is automatically terminated when the contract ends. The employer won’t have to pay such employees any severance pay.
Whereas, a permanent employee (an employee with an ongoing contract) must be notified of the termination on or before the pay date. They’re entitled to get a termination notice of a month and severance pay.
However, permanent employees who are terminated due to misconduct, negligence, violation of rules, etc., need not get severance pay or termination notice.
4. Working Hours
Legally, employees have to work for 8 hours per day and 48 hours per week.
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But those who work in dangerous fields or perform tasks that might affect health shouldn’t work for more than 7 hours a day and 42 hours a week.
Employees are permitted to work for a maximum of 36 hours overtime in a week.
5. Sick Leave
Employees usually receive 30 days of paid sick leave annually in Thailand. Those who take more than three sick leaves are entitled to submit a medical certificate to prove their illness.
In addition to sick leave, female employees get maternity leave for 90 to 98 days (including weekends). The salary they receive will be paid by their employer and from the social security fund equally.
Apart from these regulations, you must also know what the country prohibits an outsourcing company from doing.
The FBA (Foreign Business License) prohibits an expatriate from :
- Processing forestry and timber from a natural forest.
- Extracting Thai medical herbs.
- Growing paddy, plantations, or other crops.
- Farming livestock.
Final Thoughts
Thailand is a leading destination for expanding businesses, small and big.
(Video) MAGKANO ANG SAHOD SA THAILAND 2022 | FILIPINO TEACHER IN THAILAND
Its low operating cost, highly skilled talent pool and welcoming culture can make outsourcing to the country smooth and successful.
But before venturing into this economy, you need to learn all about running a business in Thailand. Use the average salary information in this article to make better decisions for your business.
Lauren Soucy
Lauren Soucy is the VP of Marketing for Time Doctor, the world’s leading time tracking and productivity software. She has 15+ years of experience in marketing at fast-paced companies. Her first passion is SEO, she can’t start her day without coffee, and she enjoys spending time at the beach with her two boys and her husband.
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FAQs
What is the average salary in Thailand 2022? ›
According to Thai statistical agencies and international recruitment agencies, the average salary in Thailand in 2022 is 14,892.27 baht per month or $435.
View More ›
What are the daily minimum wages in Thailand? The following table highlights new daily minimum wages in Thailand as of October 1, 2022. They range from the lowest at 328 baht (US$8.59) per day to the highest at 354 baht (US$9.27) per day.
Read The Full Story ›
Location. The current daily minimum wage in the country ranges from US$9.65 to US$10.36. Like in other countries, wages in most large cities are higher compared to the provinces. Here are some of the wages in major cities in Thailand.
Continue Reading ›
On August 26, 2022, Thailand's National Wage Committee voted to raise the minimum wage to THB 328–354 per day (USD 9.01–9.72)—an increase of approximately 5% from the previous range of THB 313–336.
Get More Info ›
And its average monthly salary is 96,900 THB (2904 USD). The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.
...
| City | Average Monthly Income |
|---|---|
| Bangkok | 112,000 THB |
| Chiang Mai | 107,000 THB |
| Phuket | 65,000 THB |
27 Aug 2021
Read On ›
Top Thailand Salaries - By Job
The highest paid Thailand are Executive Management & Change professionals at $90,000 annually. The lowest paid Thailand are R&D, Pharmaceuticals & Biotech professionals at $15,000.
Show Me More ›
Minimum wages are revised in Thailand from 01 October 2022. The minimum wage in Bangkok has increased from THB331. 00 to THB353. 00 per day.
Continue Reading ›
Minimum Cost Living in Thailand in 2022: USD $650
| Monthly Expense | Minimum Cost (USD$) |
|---|---|
| Rent & Internet | $230 |
| Electricity & Water | $30 |
| Maid | $15 |
| Food | $190 |
20 Jan 2022
Know More ›
Minimum Wages in Philippines averaged 330.08 PHP/day from 1989 until 2022, reaching an all time high of 570 PHP/day in 2022 and a record low of 89 PHP/day in 1989.
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You should plan to live in Thailand on a budget of at least $1,500 per month, with $2,000 being a more reasonable benchmark. This will allow you to live comfortably without breaking the bank. You could potentially live a lot cheaper, as low as $1,000 a month, but you would probably have a difficult time.
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What is good salary in Bangkok? ›
Employees in Bangkok earn an average of ₹29lakhs, mostly ranging from ₹15lakhs per year to ₹54lakhs per year based on 11 profiles. The top 10% of employees earn more than ₹49lakhs per year.
Continue Reading ›
Thailand has a salary range for Expats of 24,500 THB (US$734) to 433,000 THB (US$12984) in a month. Its average monthly salary is 96,900 THB (US$2,904).
Get More Info Here ›
Here's a sample monthly budget for two people living comfortably in Chiang Mai:
| Expense | U.S. $ |
|---|---|
| Rent (furnished, two-bedroom condo or house) | $640 |
| High-speed Internet | $32 |
| Cable TV (top-of-the-line package) | $64 |
| Electricity (constant AC) | $106 |
Explore More ›
FAQs
What is the average salary in Thailand 2023? ›
The maximum rate of average wage for employees was 14670 THB/Month and minimum was 6344 THB/Month.
How much salary is enough in Thailand? ›Like in most countries, the education level in Thailand matters in getting a good salary. A 2022 report by the Bank of Thailand revealed that workers with a bachelor's degree could earn at least THB 24,026.42 (US$692.80) a month, while master's degree holders get up to THB 39,606.77 (US$1,142.06).
What is the average salary in Thailand? ›The average annual salary in Thailand is 1,160,000 THB (Thai Baht) or 34,782 US Dollars, according to the exchange rates in August 2021.
What is a good salary in 2023? ›As it stands, $100,000 per year is a very good salary for an individual in the US as it's well above the median.
What is the average cost of living in Thailand in US dollars? ›How much money do I need to live comfortably in Thailand? According to Numbeo, the average Thailand living cost is around 36.73% lower than the U.S. Hence, you can live in Thailand comfortably for around $1,500 a month.
What is year 2023 in Thailand? ›The reckoning of the Buddhist Era in Thailand is 543 years ahead of the Common Era (Anno Domini), so the year 2023 CE corresponds to B.E. 2566.
Is $1,000 dollars enough to live in Thailand? ›Is $1000 USD enough for Thailand? Yes, $1000 is more than enough to keep you housed, fed and hydrated in Thailand for up to two months if budgeted correctly. Most ex-pats living in Thailand get by on less than $500 per month, but if it is your first time there, it may take some time to adjust. Learn the currency.
What is a middle class salary in Thailand? ›Thailand's median household income (PPP) hit $23,076 in 2021, an increase of 2.5% over the previous year. Between 2010 to 2021, Thailand's median household income increased by 48.7%.
How much is rent in Thailand? ›Housing and Food
A one-bedroom apartment in the center of the Thai capital Bangkok will run you about $562 per month for rent. When you factor in utilities, that cost reaches more than $640. Other monthly costs are likely to add up to between $600 and $700 per month.
In 2016, the richest 10% citizens received 53% of Thai- land's national income, with monthly average incomes of about 100,000 THB ($2,900), and the top 1% alone received 20%, earning over 380,000 THB ($11,000). Income inequality in Thailand is amongst the highest in the world.
What is high income salary in Thailand? ›
Highest reported salary offered in Thailand is ₹50lakhs. The top 10% of employees earn more than ₹50lakhs per year. The top 1% earn more than a whopping ₹50lakhs per year.
What is a high income in Thailand? ›According to the World Bank's definition, Thailand needs to almost double gross national income per capita from $6,610 in 2018 to $12,376, which is the current threshold for high-income country (HIC) status.
What is the average salary in USA 2023? ›As of Apr 9, 2023, the average annual pay for an American in the United States is $58,563 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.16 an hour.
What salary is considered upper class? ›According to the US Bureau of Labor Statistics (BLS), the median annual wage across all occupations in 2021 was $58,260 [1]. For a person living in Phoenix, Arizona, where the median wage is $56,610, earning above the national average may be considered very good.
Is $100 U.S. a lot in Thailand? ›The toughest part about sticking to a budget will be deciding where to spend that money since there's so much to experience in such a country. The good news is that $100 USD is quite a solid amount to start with per day in Thailand, and this is what it will get travelers while they're there.
How long can an American stay in Thailand? ›The tourist visa must generally be used within 90 days from the date of issue and allows an initial stay of 60 days. After arrival in Thailand, a tourist visa may be extended at the discretion of an immigration officer once for an additional 30 days with the total period of stay no longer than 90 days.
Is Thailand a good place to live for American citizens? ›How Safe Is Thailand In General? There is no denying that are serious safety problems in Thailand. These include human trafficking, drug trafficking, corruption, and violence against women. However, Thailand is ranked as one of the safest countries in Southeast Asia and violent crimes against visitors are rare.
What is the best month to visit Thailand 2023? ›The best time to travel to Thailand would be from early November to March. With a tropical climate year-round, Thailand is a great place for a tourist holiday in any season. From November to March, Thailand is cool and dry, which means that the temperature will be pleasant and the landscape is lush.
Is 2023 a lucky year? ›The Chinese Horoscope 2023 promises a year of prosperity, luck, and abundance for the Tiger natives. In love related matters, you will enjoy a fulfilling time with your partner, and the single Tiger natives will have a great year too.
Why is it 2565 in Thailand? ›
Thailand uses the Thai solar calendar as the official calendar, in which the calendar's epochal date (Year zero) was the year in which the Buddha attained parinibbāna. This places the current year at 543 years ahead of the Gregorian calendar. The year 2023 CE is indicated as 2566 BE in Thailand.
Do you need a lot of cash in Thailand? ›Will you need cash or credit card in Thailand? You need both. For markets, street stalls, tuk tuks and songtaews, you will certainly need cash. For convenience stores, shopping malls , hotels, larger restaurants and more, you can use your credit card.
How much do you need to retire comfortably in Thailand? ›To retire in Thailand comfortably with Western standards of living, we recommend budgeting THB50,000–100,000 per month. That's not to say it's impossible to live comfortably on much less. To put things in perspective, the minimum wage in Thailand is around THB340 per day.
Can I live off 2000 a month in Thailand? ›You can live well in Thailand for just under $2,000 per month. Where you decide to settle will have a large impact on your monthly expenses—a view of rice paddies from your balcony will be less expensive than looking out over the waves crashing onto a sandy beach.
How much do English teachers make in Thailand? ›If you're looking to teach English in Thailand, rest assured you can live comfortably with the wages on offer. At the lower end, you can expect to make about $1000 per month, which stretches further due to Thailand's cost of living, and as much as $4000 at the top end.
What is a good expat salary in Thailand? ›The good news is that as an expat in Thailand, you can expect to earn a fairly decent wage, with the average annual salary in Thailand falling at around US$34,782 in 2021, or US$2904 a month.
What is a good tip in Thailand? ›In all restaurants it is customary to leave behind any loose change in coins as a tip. In more upscale restaurants, with professional wait staff who provide excellent service, a larger tip of 5%-10% is quite common.
How many Americans live in Thailand? ›Hundreds of thousands of foreigners live in Thailand and millions more visit every year. We estimate that there are about 100,000 Americans in Thailand at any given time.
Can Americans work in Thailand? ›Are foreigners allowed to work in Thailand? Yes, foreigners are allowed to work in Thailand if you have a valid visa, a work permit and is employed with an occupation that does not violate the Alien Employment Act.
How much is the average apartment in Thailand? ›Housing- Average Rents
Apartments that more closely resemble the western comforts start at about 15,000 baht, or 462 dollars per month. If you truly want a luxurious apartment, you should also expect to pay approximately 30,000 baht, or 925 dollars per month.
How much does the average Thai make a month? ›
Wages in Thailand averaged 10419.97 THB/Month from 1999 until 2022, reaching an all time high of 15416.29 THB/Month in the fourth quarter of 2022 and a record low of 6344.00 THB/Month in the first quarter of 2000.
How rich is a household in Thailand? ›Key information about Thailand Household Income per Capita
The data reached an all-time high of 3,728.753 USD in Dec 2021 and a record low of 384.846 USD in Dec 1986. In the latest reports, Retail Sales of Thailand dropped 0.403 % YoY in Dec 2022.
Poverty Data: Thailand
In Thailand, 6.8% of the population lived below the national poverty line in 2020. In Thailand, the proportion of employed population below $1.90 purchasing power parity a day in 2021 was 0.1%. For every 1,000 babies born in Thailand in 2020, 9 died before their 5th birthday.
| Activity | Sample Salary | Salary Comparison |
|---|---|---|
| Executive Management & Change | $90,000 | 90000.0 |
| Legal & Paralegal | $77,000 | 77000.0 |
| Programme & Project Management | $57,000 | 57000.0 |
| Human Resources & Recruiting | $56,000 | 56000.0 |
Monthly salary means the portion of a member's annual compensation which is paid to him or her per month.
What is the average salary in usa? ›The average salary in USA per month or year varies widely across industries, jobs, age, experience & education, and geographical locations. According to the latest figures by the Bureau of Labor and Statistics, the average salary in USA per month is $6,228 or $74,738 per year.
Who pays for a Thai wedding? ›The problem of bride price in Thailand is similar to Indonesia. It is an incredibly high price that the groom must pay. The standard cost can be 100,000 – 300,000 Baht (~3,200- 9,600 USD). There are many criteria for the amount of Bride price in Thailand.
Are cars expensive in Thailand? ›Vehicles. Cars are expensive in Thailand and it doesn't help that all the popular models are imported. The cost of a new basic model Honda Civic is 778,000 baht (24,698 USD) while the median income of a Thai citizen with a bachelor's degree is 804,950 baht (25,554).
How many millionaires live in Thailand? ›In 2021, Thailand had approximately 125.4 thousand millionaires.
What is considered middle class? ›Pew draws on the same formula used in the SmartAsset report, defining the middle class as those with incomes between two-thirds and twice the national median income. That works out to a national salary range of roughly $52,000 to $156,000 in 2020 dollars for a three-person household.
What is the highest minimum wage in the US 2023? ›
- Washington: $15.74. Living wage: $19.58.
- California: $15.50. Living wage: $21.24.
- Massachusetts: $15. Living wage: $21.35.
- New York: $14.20. Living wage: $21.46.
- New Jersey: $14.13. Living wage: $18.71.
The figure marks an increase over the 4.6% pay hike feds received in 2023, and would be the highest proposed pay hike federal workers have seen since the Carter administration implemented a 9.1% average pay increase in 1980.
What is considered wealthy in America? ›Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
What salary is comfortable? ›Overall, Americans need an average post-tax income of $68,499 to live comfortably in the U.S., according to recent data from SmartAsset.
What is middle class in USA? ›Pew defines "middle class" as those earning between two-thirds and twice the median American household income, which in 2021 was $70,784, according to the United States Census Bureau. That means American households earning as little as $47,189 and up to $141,568 are technically in the middle class.
How much dollar is required to live in USA? ›The average monthly living expenses for a single person in the USA are $3,189, which is $38,266 per year.
What is highest paying job in USA? ›| OCCUPATION | 2021 MEDIAN PAY |
|---|---|
| Physicians, all other | Equal to or greater than $208,000 per year |
| Physicians, pathologists | Equal to or greater than $208,000 per year |
| Psychiatrists | Equal to or greater than $208,000 per year |
| Radiologists | Equal to or greater than $208,000 per year |
The national average living wage is $24.16 per hour – or $50,249 annually – for one worker in a family of two full-time working adults and two children. For one full-time working adult with no children in 2022, the national average living wage is $17.46 per hour – or $36,311 annually.
What is a liveable wage in Thailand? ›THB 14,202 per month (US $403)
This estimate has been revised to account for new inflation rate data. The previous Anker Living Wage Reference Value for urban Thailand was THB 13,027 per month (US $390).
- Luxembourg. Average annual salary: $67,967.
- Switzerland. Average annual salary: $63,782. ...
- Norway. Average annual salary: $53,514. ...
- United States. Average annual salary: $53,329. ...
- Denmark. Average annual salary: $52,666. ...
- Iceland. ...
- Sweden. ...
- Netherlands. ...
Is 50000 a good salary in Thailand? ›
50,000 a month is considered by Thai standards to be a very good wage, expats should be able to more than get by on it..
What is the middle class income in Thailand? ›Thailand's median household income (PPP) hit $23,076 in 2021, an increase of 2.5% over the previous year. Between 2010 to 2021, Thailand's median household income increased by 48.7%.
Is $100 a lot of money in Thailand? ›The toughest part about sticking to a budget will be deciding where to spend that money since there's so much to experience in such a country. The good news is that $100 USD is quite a solid amount to start with per day in Thailand, and this is what it will get travelers while they're there.
Is 500 dollars enough for a week in Thailand? ›Thailand is cheap but not that cheap. $500 for 2 for a week is doable but it will be tight. For 2 weeks it's even doable but it will mean no travelling outside BKK.
How much is considered rich in Bangkok? ›If your monthly spending is at 30,000 baht (360,000 yearly) then it shall be of three times more comparing to the first investment which is 9 million baht (9,000,000 b. x 4% yearly = 360,000 b. yearly) to be sufficiently rich.
Is Thailand considered a high income country? ›...
Economy of Thailand.
| Country group | Developing/Emerging Upper-middle income economy |
| Statistics | |
|---|---|
| Population | 69,950,844 (2021) |
| GDP | $574 billion (nominal; 2023 est.) $1.591 trillion (PPP; 2023 est.) |
| GDP rank | 27th (nominal; 2023) 23st (PPP; 2023) |