One of the things to consider when relocating or selecting where to live is the cost of living. All incomes should not be spent merely on living, which is why Krabi is a place to consider.
Krabi gives you a good life at an affordable cost. Living in this city is very reasonable for every level of income earners. According to livingcost.org, the average cost of living in Krabi is believed to be around 543 USD. It is ranked to be the 11th less expensive city out of 35 locations in Thailand. In addition, Krabi is believed to be the 7963rd city out of 9,294 in the global list of the livingcost.org. The ranking makes the City stand in the top 14% of the least expensive cities worldwide.
What else do you need to know about the cost of living in Krabi? This detailed article has all the answers.
Everything about the Living Cost of Krabi
Krabi is ranked as the 29th largest town in Thailand with an estimated population of over 30,000 people. Further surveys show that the median salary after-tax in the city is 760 USD. This amount can cover 1.4 months of living expenses.
For a short-term visit to Krabi (probably for days or weeks), you can get a good hotel within walking distance of beaches in Krabi. With 20–25 USD, you will get a clean and well-located space in the city per night. Four-star accommodation will only cost you 80–100 USD per night. The price usually drops during the rainy season (April-October).
If you are coming for a long-term visit (6-12 months or more), it is easier to get an apartment than those coming for a short-term visit. You can get a good two-bedroom with two-bathroom in Krabi for just 500 USD per month. For houses within walking distance of the beaches, 1000 USD or more will get you a nice apartment.
In terms of transportation, you can explore various means available in Krabi. You can purchase or rent a scooter for your stay, for those who prefer cars, you can rent one. With 100-120 USD you will rent a scooter for a month, purchasing a used scooter will cost about 500 USD. You can resell the scooter when your stay is over which means that you will still earn something back.
To rent a car for a day, you need 35-40 USD. However, if you opt to rent for a month, you would pay about 500-600 USD. With this popular means of transportation, your stay gets easier.
Living in Krabi as a Single Adult, What Are the Things You Need to know?
In terms of financial costs, there is no doubt that Krabi is a very good place to stay. The city is not as cheap as Chiang Rai and Chiang Mai in the Northern part. But Krabi is less expensive when it is compared to other topmost tourist cities such as Koh Samui and Phuket. Nevertheless, you should realize that individual lifestyle differs and determines a person’s overall cost of living.
If you are single and you want to live in Krabi, you do not need to worry because living in this city is cheap. You will live a good life with an estimated budget of 1,000-1,400 USD per month, which is equivalent of 32,700-45800 TBH. The estimated cost covers food, rental, transportation, and entertainment.
Though the estimated cost given above is based on the answers gotten through surveys from the past. For those who love some luxurious lifestyles such as weekend tours, etc. you will depend on more than that estimated cost.
Check out the breakdown of the estimated cost:
- Food: 8,500–14,000 TBH
- Rent: 8,000–15,000 TBH
- Travel /Transportation: 3,500–5,500 TBH
- Entertainment: about 8,000 TBH
- Laundry: around 3,000 TBH
Living in Krabi as a Family, What Are the Things You Need to know?
As discussed above for living in Krabi as a single adult, we would also discuss living as a family. Expectedly, living as a family would cost more than living as a single adult. Other factors, such as family lifestyle and preferred family location, will also determine your estimated costs.
For a small family, the best bet is to budget at least 2,150 USD per month. But for a family who wants more comfortable accommodation, such as a large condominium or villa, and also likes to enjoy the luxuries of the province, your estimated budget should be around 2,500–3,000 USD per month.
Note that the estimated costs do not cover schooling fees. It only covers basic things such as food, rent, travel, etc. Tuitions vary greatly, depending on the type and class of school as well as location.
How Feasible is it to live on a Budget In Krabi?
Krabi has many islands, and you can always choose options that suit your budget. If you can look beyond the Islands and move to the mainland, you will get better options. The prices tend to be lower on the mainland compared to staying on the islands.
As a foreigner planning to stay in Krabi, it is advisable to consider the important expenses first and plan on how to cut your cost while residing in Krabi. For instance, you can opt for public transportation system options to reduce your cost of living. Private transport systems will cost more.
You need to put every option available to you into consideration and pick the options that are the best for you. You can consider the locals and live a simple lifestyle. It is essential to put your situation into consideration and base your cost on it.
Conclusion
Krabi is a nice place to live as its cost of living is relatively cheap. The city offers good accommodation, food, and some luxuries for an individual or a family. You can visit the city today and explore it for a short- or long-term living arrangement, depending on your choice.
