Bangkok’s Living Costs Climb as the Minimum Wage Remains Stalled
The cost of living in Bangkok has soared, leaving many workers struggling despite the recent increase in the minimum wage to 400 baht per day. Residents face high expenses in food, housing, and transportation, making it difficult for many to make ends meet. The city’s reputation for opportunities clashes with financial realities, as basic living costs nearly eclipse the income of minimum-wage earners.
Even though Bangkok’s minimum wage is higher than in many provinces, everyday expenses remain steep. A survey by the Thai Real Estate Information Centre revealed a significant increase in food costs, jumping 106.5% since 2012, with average meals now costing 64 baht. Housing in Bangkok is among the most expensive globally, with families spending up to 79% of their net income on rent, according to the DWS Housing Affordability Review 2025.
Transportation expenses add pressure, with the BTS Skytrain fares rising significantly. On Nov. 1, fare extensions increased, escalating costs for commuters, and failing to align with United Nations’ guidelines that suggest travel costs should not exceed 10% of income. Although a recent co-pay program offers temporary relief, price increases in public transportation remain a looming concern for residents.
Experts suggest managing finances by controlling expenditure, starting with tracking income and expenses, and cutting non-essentials. Emphasizing saving before spending and adopting a structure like 50% on essentials, 30% on wants, and 20% on savings are strategies proposed by Thai Rath Money for financial stability. For those whose current income falls short of their needs, increasing income through side jobs or promotions is advised.
Looking forward, Bangkokians must navigate rising living costs by financial planning and seeking additional income sources. The city’s allure of new experiences is tempered by its financial demands, underscoring the necessity for strategic money management in daily life, reported Thai Newsroom.
Key Takeaways
- Bangkok’s high living costs challenge minimum wage earners.
- Food prices have more than doubled in over a decade.
- Rising transportation costs elevate financial strain on residents.
Adapted by ASEAN Now from Thai Newsroom 2025-11-17
Source: https://aseannow.com/topic/1379074-bangkok%E2%80%99s-living-costs-climb-as-the-minimum-wage-remains-stalled/
