I left the U.S., moved to Thailand, and my rental prices $544/month


In April 2021, Paul Lee took a holiday to Thailand. 5 months later, he made up our minds to go away the US at the back of and make an enduring transfer to the Asian nation.

Lee, firstly from Georgia, have been residing in New York Town and grossing round $1 million a yr because of his e-commerce industry. In spite of doing properly sufficient to pay for his dad or mum’s retirement, the 28-year-old tells CNBC Make It he discovered himself with out goal, feeling depressed, and wanting to make a transformation.

“Once I first arrived to Thailand, I simply felt rejuvenated. The entirety was once utterly new to me, and I felt love it was once a recent new get started,” Lee says. “The increasingly more I reside right here, the increasingly more I fall in love with the town.”

Lee moved to Bangkok, Thailand in 2021.

Marc Aziz Ressang for CNBC Make It

Since transferring to Bangkok, Lee has been making round US $150,000 a yr as a content material author and actual property agent, in line with paperwork reviewed.

Operating in actual property helped Lee to find a number of residing preparations in Bangkok, together with luxurious condos. The rental he is in now’s a one-bedroom within the Thonglor group which Lee says is “the Soho of Bangkok.”

It is a 650-square-feet unit that prices 20,000 baht — round USD $544 — in per 30 days hire. Lee additionally can pay $20 for Wi-Fi, $80 for electrical energy, and $3 for water every month. The rental got here furnished, and Lee has get entry to to facilities, together with a pool and a fitness center.

Lee can pay round $544 a month for his 1-bedroom rental in Bangkok.

Marc Aziz Ressang for CNBC Make It

To transport in, Lee needed to pay a safety deposit of 2 months’ hire or about $1,088.

In spite of decrease grocery prices in Bangkok, Lee eats out for each and every meal and spends $500 a month on meals. “I am not gonna lie, the meals in New York Town was once excellent as properly, however I feel in Thailand, it is simply much more homey, much more native, and so much spicier,” Lee says.

His different bills come with a $93 per 30 days fitness center club which is somewhat of a splurge making an allowance for Lee has unfastened get entry to to a fitness center in his development. However the price is worthwhile for Lee, as a result of he can benefit from the co-working house, espresso, and a large number of networking alternatives within the house.

Additionally his present fitness center’s value is not anything in comparison to luxurious gyms in New York, like Equinox, the place memberships can get started at $240 a month.

Lee tells CNBC Make It he selected to go away The united states as a result of he discovered himself materialistic and residing in an “setting that was once simply very individualistic, very doggish, and really hyper-aggressive.”

Marc Aziz Ressang for CNBC Make It

Lee has best returned to the U.S. one time since his large transfer to Thailand — for his sister’s marriage ceremony. He tells CNBC Make It he selected to go away New York Town as a result of he discovered himself being too materialistic and residing in an “setting that was once simply very individualistic, very doggish, and really hyper-aggressive.”

“Bangkok stood out to me as it gave the impression very city. It gave the impression very a laugh. It gave the impression very reasonably priced and it simply had an excellent tradition and did not in reality have any main compromises to me,” Lee says.

Lee has made a brand new lifestyles for himself in Thailand, he says, and returning to the U.S. does not really feel most likely.

“I needed to undergo this adventure of being deficient and turning into somewhat rich to comprehend all this wealth that I had gathered did not in reality give me what I sought after and did not give me the pride I used to be in search of,” Lee says.

Since relocating to Thailand, Lee’s folks have moved to South Korea and seek advice from him a number of instances right through the yr.

Paul Lee

His folks have been to begin with surprised he’d moved thus far however ended up following in his footsteps once they moved to South Korea. They seek advice from him in Bangkok every so often, and Lee travels to look them, too. He says it is probably the most absolute best perks of his new lifestyles in Thailand.

“On the finish of the day, even if I are not making just about as a lot cash as I made in New York Town, I’m some distance… wealthier in relation to my happiness, in relation to my well-being, my peace,” he added. “Those are issues I by no means was once in a position to reach again house within the States.”

Conversions from Thai baht to USD have been performed the use of the OANDA conversion charge of one baht to 0.02 USD on July 1, 2024. All quantities are rounded to the closest greenback.

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