In Southeast Asia, Thailand is the second-largest economy, and it is a good place for outsourcing as it is competitive in terms of salaries compared with some other countries.
The average salary in Thailand is 97,300 THB per month which is equivalent to 2705.78 USD according to exchange rates in 2024.
In this article, we explore the average salary in Thailand, minimum wages, and various factors that influence salaries in Thailand.
Average Salary in Thailand
The average monthly salary in Thailand is 97,300 THB which is equivalent to 2705.78 USD according to Salary Explorer.
The average annual salary in Thailand is 1,170,000 THB which is equivalent to 32536.16 USD.
According to the National Statistical Office of Thailand, the average salary in Thailand is 29,502 THB in the first 6 months of 2023 which is equivalent to 820.41 USD.
Minimum Wage in Thailand
According to the Thailand Department of the Ministry of Labour, the minimum wage in Thailand is 24,485 THB which is equivalent to 680.90 USD.
As of January 2023, the minimum wage for full-time workers in Thailand has increased by 5% which is 6683.53 THB (195 USD) per month. This is a country still working hard to achieve economic growth without neglecting workers’ financial needs.
For workers who live in metropolitan areas, such as Bangkok, the minimum wage is extremely difficult because the cost of living in Thailand is so much higher than in rural areas. Many Thai employees are working overtime and doing other jobs to earn their income.
This minimum wage is a basic level of what workers deserve to be paid for their jobs. It’s important as it ensures that everybody is treated fairly and the economy is strong and stable.
Median Salary
The median salary in Thailand is 88,900 THB which is equivalent to 2472.19 USD.
The median salary implies that Thailand has more than half of the workforce on the high end with over the stated amount and the other half on the lower end having less than the stated amount. The median salary is valuable because it reflects the middle point between each salary in the country. It helps us to have an idea about how many people are getting paid and how strongly or weakly the economy is.
Maximum Salary
According to the Salary Explorer, the maximum salary in Thailand is 433,000 THB which is equivalent to 12041.16 USD.
This is the maximum amount of salary a person can receive in Thailand. It shows the highest amount of money people can make in the country as well, at the same time, brings us the knowledge of the best earning opportunities in the country.
Factors Influencing Average Income in Thailand
Thailand Average Salary by Profession
| Profession | Average Yearly Salary (in THB) |
|---|---|
| General Manager | 2,828,123 (82415.32 USD) |
| Business Development Manager | 1,886,540 (54976.32 USD) |
| Human Resources Manager | 1,808,919 (52714.34 USD) |
| Doctor | 1,204,821 (35110.11 USD) |
| Business Marketing | 951,707 (27734.03 USD) |
| Software Developer | 823,463 (23996.82 USD) |
| Engineer | 681,719 (19866.21 USD) |
Source: Average Salary Survey
By Experience
| Experience | Average Yearly Salary (in THB) |
|---|---|
| 0-1 Year | 482,603 (14063.70 USD) |
| 1-2 Years | 668,220 (19472.83 USD) |
| 2-4 Years | 789,714 (23013.33 USD) |
| 4-8 Years | 1,046,203 (30487.77 USD) |
| 8-12 Years | 1,471,434 (42879.57 USD) |
| 12-16 Years | 2,024,909 (59008.58 USD) |
| 16-20 Years | 2,375,893 (69236.73 USD) |
| 20+ Years | 2,767,376 (80645.07 USD) |
Source: Average Salary Survey
By CityÂ
| City | Average Yearly Income in Thailand (in THB) |
|---|---|
| Pak Kret | 1,751,546 (51042.42 USD) |
| Bangkok | 1,464,684 (42682.87 USD) |
| Hat Yai | 1,049,578 (30586.12 USD) |
| Chiang Mai | 847,087 (24685.26 USD) |
| Udon Thani | 847,087 (24685.26 USD) |
| Nonthaburi | 843,712 (24586.91 USD) |
| Nakhon Ratchasima | 823,463 (23996.82 USD) |
Source: Average Salary Survey
How Does Education Level Impact Salary Averages in Thailand?
When you look at how education impacts your earning potential in Thailand, you will discover some interesting facts. Here is the comparison of salaries of workers in similar jobs but with different educational backgrounds will help you understand how academic qualifications may affect your income.
| Level of Education | Pay Rates |
|---|---|
| Certificate/Diploma Level | Earn 17% more than high school graduates. |
| Bachelor’s Degree | Increases earnings by 24% compared to certificate holders |
| Master’s Degree | Boosts income by 29% over Bachelor’s degree |
| PhD Level | Adds 23% more earnings compared to a Master’s degree |
Source: Salary Explorer
Each educational milestone can make employees earn a lot, and it adds up, with increased income as their progress in education. Thus, it is obvious that Thai people can earn more money through education.
Does Thailand Have a Gender Pay Gap?
In Thailand, there has been a gap between men and women for decades. In 2015, men and women were not far apart in earnings, with only a 2.5% difference. But by 2020, women began earning less than men doing the same jobs increasing the pay gap to 10.94%.
Looking back, the situation has changed a lot. In 1996, women earned 14% less than men. By 2013, this difference had reduced to just 1%, which seemed like great news. But the gap increased in 2020, which is not always a smooth process.
Women in Thailand have made big steps forward. They now hold about one-third of top leadership jobs, with 33% of CEO positions. It’s good to know that there are more women getting chances to lead and succeed in business. Yet, challenges remain. While there are some jobs that are still divided between men and women old fashioned gender beliefs can hold women back from career growth.
Thai women have more education and more opportunities than ever before. They still struggle to earn as much as men do. This problem will take time to solve, changes in workplace rules, and a change in how people think about men’s and women’s roles at work.
Primary Industries Driving Salary Trends in Thailand
Key industries in Thailand’s economy define how much workers are paid. Knowing these industries allows businesses and employees to make better decisions about work and wages. Here is the list of average salary comparisons for some primary industries in Thailand:
| Industry | Average Yearly Salary (in THB) |
|---|---|
| Health and Medical | 98299266.00 (2,868,000 USD) |
| Information Technology | 41129400.00 (1,200,000 USD) |
| Engineering | 33794657.00 (986,000 USD) |
| Real Estate | 43871360.00 (1,280,000 USD) |
| Automotive | 29818815.00 (870,000 USD) |
| Airlines | 39415675.00 (1,150,000 USD) |
| Hospitality/Tourism | 27453874.50 (801,000 USD) |
| Teaching | 33109167.00 (966,000 USD) |
Source: Average Salary Survey
4 Key Reasons Why Thailand is a Good Destination for Outsourcing
Four key reasons why Thailand stands out in outsourcing and how Thai workers can help your business grow, save money, and get you access to world-class talent and technology.
Steady Economic Growth
Thailand has always been an excellent economic performer and an ideal location for international businesses. Thailand’s economy has grown steadily at 3-4 percent per year. The government proactively facilitates economic development through smart policies of investment and business growth in the country.
The Thai government actively tries to attract foreign investment. They provide tax incentives, facilitate international companies, and ease regulations of doing business. And these policies make it easier and more attractive to set up outsourcing partnerships in Thailand.
Skilled Workforce
You will find a highly skilled and well-educated workforce when you outsource to Thailand. Thai workers have a high education background with university degrees in important fields such as technology, engineering, business, and digital communications. Thai universities work very closely with industries to make sure their students learn practical skills.
The professionals you will be hiring in Thailand will have up-to-date knowledge and can quickly adapt to your specific business requirements. They don’t just have theoretical knowledge; they know how to use their skills in real-world scenarios.
Quality Infrastructure & Technological Advancements
Thailand has good infrastructure and advanced technology, thus being an ideal place to outsource. Its modern transportation, reliable power supply, and fast internet connections will help you run your business smoothly. You make sure your team runs smoothly and delivers work efficiently in Thailand.
Thai internet is fast and reliable. Cities such as Bangkok, Chiang Mai, and Phuket all have strong fiber optic networks and high-speed internet. The strong digital networks make your outsourcing projects run smoothly and efficiently.
Low Labor Costs
Outsourcing to Thailand is a great choice because its labor costs are low. You can hire skilled workers at much lower rates than in most other countries. In IT services, manufacturing, customer support, and some other fields, you will always get high-quality work from talented professionals at an affordable price.
This will enable you to save on salaries and other expenses, and you will still have a good service. That means you can use these cost savings to spend your budget on the areas of your business that matter most: growing your business, taking advantage of new opportunities, or enhancing your products and services. If you choose Thailand, you will be able to get more without spending more.
Maximizing Outsourcing Efficiency with Employee Productivity Software
Are you considering hiring specialists in Thailand for your project?
Time Champ software helps you outsource when consequently you get more things done. Explore and discuss how Time Champ could make Thai partners work more effectively.
Employee Productivity Monitoring
Time Champ helps you keep an eye on how well your remote team is doing their work, making sure they finish tasks on time, even if they are in different time zones. You can easily track your team’s productivity by breaking into productive, unproductive, and neutral times. This way, you always know what’s going on with your team and can make sure everyone stays on track.
Project Management
Time Champ gives you an efficient method of managing projects you have outsourced by simply setting goals, allocating tasks, tracking budgets, and observing the process in detail. Hence, teamwork between you and your Thai partners is easy and smooth because every task is done on time.
Task Tracking and Project Insights
You will be able to monitor your project’s performance and how the tasks are going with the help of project reports that are easy to understand using Time Champ. This helps you see where there might be the problem of things being slow, you can track the time spent on different tasks, and you will find methods of doing the work faster and better.
Apps & Website Usage Monitoring
You would have the peace of mind that your outsourcing partners are focused on key tasks by knowing the apps and sites they use while working on the project with Time Champ. This way, you will be able to identify all possible distractions and ensure that everyone is concentrated on the task rather than on the external factors.
Final Thoughts
In summary, understanding salary trends in Thailand can help you make better hiring and compensation decisions. Your ability to offer competitive wages can attract and retain top talent in a dynamic job market. When you stay informed about salary ranges, you can create fair compensation packages that motivate your team. If you are planning to outsource to Thailand, use employee productivity software to run your outsourcing businesses successfully. Through an analysis and tracking of your employees, you can spot whether Thai employees are growing or falling in different positions and sectors.
Time to increase your productivity to the next level?
Sign up for Time Champ and watch your success rise!
Signup for FreeBook DemoFrequently Asked Questions
The cost of living in Thailand is relatively low compared to many Western countries, which means even moderate salaries can provide a comfortable lifestyle. However, living costs vary by city, with Bangkok being the most expensive.
Salaries in Thailand have shown gradual growth due to economic development and demand for skilled workers. Specific industries, like technology and e-commerce, have seen faster wage increases compared to traditional sectors.
Foreigners often earn higher salaries in specialized roles, such as teaching, management, or technical jobs. However, this depends on the industry and the individual’s skills and experience.
Yes, industries like tourism and agriculture, which are seasonal, can impact salaries. Workers in these sectors may experience fluctuating income based on peak seasons, especially in roles tied directly to seasonal demand.
