What is the average daily wage in Thailand?

How much is the average Thai wage?

As of January 2020, the average wage in Bangkok was 20,854 baht per month according to the National Statistical Office (NSO). Real wages in Thailand as a whole have dropped from 19,107 baht per month in the fourth quarter of 2016 (4Q2016) to 15,337 baht in 4Q2019.

What is a good salary in Thailand?

Average Salary in Bangkok, Thailand

Average wages in Bangkok is pretty high compared to other areas of Thailand. Currently, the average wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD.

How is daily salary calculated in Thailand?

The employee’s daily rate for allowance is generally determined by taking the employee’s month allowance and dividing by thirty. The formula for the incomplete month calculation is (Fixed allowances/30) x No. of working days in the month.

Is 30000 baht enough to live?

You can still get by on 30,000 baht a month if you cook your own food and don’t drink often. If you want to live a somewhat comfortable life there, your average cost of living in Phuket should be around 65,000 baht a month.

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What is considered rich in Thailand?

In Thailand, the top 20% of people are considered wealthy and they possess 326 times more land than poor Thais and have salaries that are 25 times higher. This ‘rich’ group own almost 80% of private land in the country compared to just 0.3% ownership by people at the bottom 20% of wealth.

How much money do I need to live comfortably in Thailand?

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.

Is 50000 baht a lot?

50,000 Baht a Month – Many western teachers in Thailand say the 50,000 baht figure is enough money for a comfortable lifestyle with several monthly ‘luxury’ items thrown in. … 80,000 Baht a Month – Approximately $2,555, and you will be much closer to living in the lap of luxury.

Is 13th month pay mandatory in Thailand?

13th month pay: Unlike countries such as the Philippines or Indonesia, a 13th month pay cycle is not mandatory in Thailand. Annual Leaves: Every Thai employee is entitled to 6 days of annual leave once the employee has completed at least one year of service.

How is overtime calculated in Thailand?

Overtime compensation in Thailand

The overtime compensation rate varies from 1.5 times the normal average hourly wage rate to three times. Employees are allowed to work overtime only for 36 additional hours per week.

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What is pay and allowances?

Any monetary benefit offered by the employer to its employees for meeting expenditures, over and above the basic salary are known as Salary Allowances. … According to Income Tax Act, allowances are added to the salary of an individual and taxed under the head Income from Salaries.