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Is it realistic to live on $500 without including visa fees in Bangkok? Lodging, gasoline for motorcycles, fruits/vegetables (I'm a raw food person).
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On Phangan, $500 will be enough for you with a squeak. this is a little less than 17k baht. housing costs from 5k (rare, more often 8-14k), bike rental 2.5-5k plus oil ~ 1.5-2k. local vegetables and fruits are very cheap. hangouts are expensive, but top)
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A room with a fan somewhere far away, and a bag of papaya in theory you can live, but is it necessary.
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Maybe on Samui, Pangan... you can try.