What are the best places to retire in Latin America

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Retirement can be expensive for many Americans, especially those who live in areas where the cost of living is high. Nevertheless, current income can be stretched further if you are willing to move to Latin America.

There are several affordable places, in Central and South America, with a cost of living much lower than what is usually paid in the United States, even with better quality of life.

1. San Cristobal de las Casas, Mexico

This magical town is located in the state of Chiapas, southeast of Mexico. The extremely low prices for food, lodging and medicines, plus the culture of the region, have turned the place into one of the favorite places of many European and American foreigners who live in this place. The town has various waterfalls, lakes and nearby natural attractions, as well as archaeological sites where the Mayan culture inhabited. Monthly spending in the area amounts to about $400 dollars between lodging and food. The region has had security problems in recent months, so the situation should be evaluated before planning to visit the place.

2. Cuenca, Ecuador

It is a very affordable city that provides services and various amenities to its visitors. It is located in the highlands of the Andes Mountains, at an altitude of 8,400 feet. Due to the altitude the climate is stable and comfortable throughout the year. One of the advantages for many retirees is that the US dollar is used. The estimated monthly expense for one person is about $650 dollarsaccording to specialized sites.

3. Fortaleza, Brazil

Fortaleza stands out for its sophisticated life in front of the sea, elegant neighborhoods of the city and a very colorful historical center. It is one of the various coastal towns that Brazil has to offer. Also, the seaside promenade is lively and bustling day and night. The strength of the dollar against the real, the currency of Brazil, makes the cost of living very affordable. Monthly expenses for food and lodging in the region range from $750 to $800 dollars.

4. Medellin, Colombia

Medellin is one of the most flowery and beautiful cities in Colombia. The kindness of its people and its culture make it a unique region in the south of the continent. If we talk about the climate, Medellín is one of the few cities in the world that qualifies as a land of eternal spring, this means that heating costs are not required in the area. With $450 dollars a month you can enjoy food, transportation and covered lodging.

5. San Ignacio, Belize

This destination is located in the heart of the tropical jungle of this country. It is a region of mountains, ruins of the Mayan culture, rivers and waterfalls. An ideal place for adventurous and intrepid people. Its fertile soils and ideal growing conditions make this place perfect for those who want to try a self-sufficient life, says the US News site.

If your plan is not to leave the country, some states allow you to retire for $45,000 a year. In case you don’t already have a savings plan, here are some tips.

It may interest you:

– Only 31% of Americans are confident their savings will last into retirement, survey finds
– Americans will pay more and more for health care in retirement, study finds
-5 ways to get the most out of your retirement

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