I am a Thai who used to live in Ecuador for 3.5 years and I think Thailand is a better place. Thailand has more variety and restaurants are cheaper. If you want to live near USA and pay low costs of living, Mexico might be a place for you.
Sometimes u can buy a buffet in Bangkok for ฿79 or u can eat ฿249 buffet at Narai pizzeria Shabu. It is considerably much lower than developed countries5-8 times.
it depends on how frugal or luxury your life style is. What I told above was considered "frugally". ( Because Thailand has a lot of prices for you to buy; everything has its cheap and it's expensive counterparts)
U can even save more money cooking everything yourself, or sharing an apartment with a friend or a family member .