Retired people from the United States and Canada can have a more luxurious lifestyle if they move to South America, it is claimed. As retirement in North America gets more expensive, data reveals that people can upgrade their lifestyle by moving to another country in the southern half of the continent and live luxuriously on $2,000 a month.
Research from International Living shows that taking into account budget essentials such as rent, health care, groceries and utilities a couple can live well on $1,000 to $2,130 a month and names the five cheapest countries to retire to as Nicaragua, Malaysia, Ecuador, Panama and Mexico. It adds that price is only one factor and other attractions include good weather, pretty beaches, solid infrastructure and safety.
Nicaragua is the cheapest option with the firm suggesting that a couple can live well on $995 a month. It describes Nicaragua as one of the most beautiful countries in the Americas with a dramatic Pacific coastline, long Caribbean beaches and colonial cities like Granada and León. It also says that Managua is rapidly becoming a real world class city with top notch theatres and a range of international restaurants.
‘Nicaragua’s lower cost of living does not mean you have to sacrifice the quality of life you have been accustomed to in the US or Canada. In fact, you will probably be able to live in Nicaragua with even more luxuries than you are accustomed to, simply because the prices are so economical’ it says.
Quote from ExpatForum.com : “I’ll be moving to Lagos, Nigeria next week for a 6-month assignment. Though I was there a couple weeks ago on a preliminary trip, I had trouble finding housing in the range of what the small startup business I work for can afford.”
In second place is Malaysia with a monthly cost of living for a couple put at $1,076 and a budget of $2,000 per month would bring a luxury lifestyle. It says that a bag of fresh fruit including mangoes, bananas, apples, oranges, and pineapples costs just $4. Technology is also good value with reliable high speed internet for $30 a month and a premier cable TV package for $40 which includes favourites like HBO, CNN, and the BBC. A couple can eat out well for less than $10 and in the night bazaars chicken and rice meals are often only $1.
Ecuador comes third at $1,415 a month where the low cost of living allows retirees to increase their travel, take up new hobbies and generally enjoy a better quality of life. In fourth place is Panama with a comfortable monthly budget of $1,865 – bargains include taking a taxi across town in Panama City for $2, a haircut for a couple of dollars, and a dinner for two with a bottle of wine at one of the finest restaurants in Panama City for a mere $30.
In Mexico a couple would need a budget of $2,129 a month to live comfortably and with goods and services costing less this budget could include a maid, a cook or a gardener. Popular North American television channels are all available in the country and it has cheap and fast internet access.