Do you want to Retire in Ubon Ratchathani? If you are going to retire in Thailand, then retiring in Ubon Ratchathani is another option for those who wish to live where their Thai wife was born. This is very common that foreigners tend to retire where their wife has family. There are pro’s and con’s with this type of thinking. Ubon Ratchathani is a large town and you can see below what it costs to live in the town.
Moving to Issan is a major step as there are not many foreigners in the area. Ubon Ratchathani is one of the towns in Issan and one of the largest towns in the area. You can retire in Ubon Ratchathani if you have 800,000 THB in a Thai bank account or 400,000THB in a Thai bank account for a marriage visa then you can stay in Ubon Ratchathani without many issues. You will need to speak to an immigration lawyer about this in Thailand. Note that this visa needs to be renewed each year in Thailand.
Property in Ubon Ratchathani will vary as you are not going to find investment property in the area and you should look more that Pattaya or Bangkok for investment property. Rentals would average at around $220 per month to about $200 per month outside of the main city. You can also rent a house and this will depend on your negotiating skills. having said that however most expats tend to own their apartment.
This or they build a house in the name of their wife with a usufruct or superficies registered over the property. In the event of a divorce you will still normally have a right of habitation on the property. Always take property legal advice when dealing in property in Thailand as ‘trust accounts’ with attorneys do not exist as it does in the West. Always seek assistance from a well-known law firm that problems with missing money does not occur.
The cost of living in Issan is about the same as other towns in the region. This tends to be the poorer parts of Thailand so outside of utilities the cost of living tends to be lower than a large city. These are the average prices in the area.
|Meal, Inexpensive Restaurant||1.29 $|
|Meal for 2 People, Mid-range Restaurant, Three-course||10.65 $|
|McMeal at McDonalds (or Equivalent Combo Meal)||4.55 $|
|Domestic Beer (0.5 liter draught)||1.83 $|
|Imported Beer (0.33 liter bottle)||2.13 $|
|Cappuccino (regular)||1.14 $|
|Coke/Pepsi (0.33 liter bottle)||0.46 $|
|Water (0.33 liter bottle)||0.26 $|
The cost of living is average considering the other towns and cities in the province. With inter city busses you can visit Pattaya and Bangkok without much issue. Take a look at your retirement options when you want to retire in Ubon Ratchathani.
(Photo Credit: spotter_nl)