If you wish to retire in Nong Khai then read further. Nong Khai is a medium sized town of just over 500,000 people in Northern Thailand close to the border with Laos. The town has a very small expatriate community and most expats in the town know each other. They city is much large than Udon Thani if that is an option for you. Most expats in Nong Khai are Westerners retired in the area. See the main page being where to retire in Thailand.
Most everyone who has retired in Nong Khai tends to have bought their house or went through the expense of building their own house. You will note that foreigners may not own a house in Thailand generally speaking and many place the property in the name of their Thai wife. Others have opted for placing the land in the name of their Thai wife but the house and building in their name.
See the legal explanation under superficies in Thailand. Always do a due diligence study on the property you are going to buy to ensure that you don’t lose your investment. Depositing money to buy a house can be problematic. You can find out more about these issues in the property section of this website. There is also the option of a usufruct over the property. This in the event of getting a divorce. Always take proper legal advice when dealing with property. Apartment rentals in Nong Khai are much pricier than apartment rentals in Udon Thani.
The retirement visa in Thailand requires that you are over the age of 50 and that you can show 800,000THB in a Thai bank account each year for its renewal. You can also get a letter from your Embassy in Bangkok if it is a government pension. There is also the option of a marriage visa in Thailand if you have a Thai wife. You only need to show 400,000THB in a Thai bank account however the red tape is much more difficult than the retirement visa. Those are your two options while retired in Thailand or wish to retire in Nong Khai.
The cost of living in Nong Khai is a bit more expensive than in other cities in Thailand. You will note that the rentals for apartments are in the same price range as retiring in Pattaya.
– Apartment (1 bedroom) in City Centre 8,000.00 ฿
– Also an apartment (1 bedroom) Outside of Centre 6,000.00 ฿
– Apartment (3 bedrooms) in City Centre 16,000.00 ฿
The prices will vary greatly and this is just a rough guide to what you would be looking at while in Thailand. Sure, there are 200$ apartments in the area and you simply need to look around if you want to live in Nong Khai on a very tight budget. The following is the average cost of food in the area.
Much like apartments, the cost of living in Nong Khai depends on how you wish to live. Retire in Bangkok and retirement in Pattaya are far away if you wish to meet other foreigners so consider if you need entertainment in your life before deciding to retire in Nong Khai.