Tag: South America

Cheap Countries To Retire – Argentina

One of the more commonly mentioned places when people talk about a cheap country to retire to is Argentina. It has a lot of the features that many people are looking for. You get the nice weather and the lower cost of living, as well as a pretty cosmopolitan lifestyle if you live in Buenos Aires. There are also lots of Europeans living in the country.

Diagonal Norte StImage via Wikipedia

In Argentina, it is preferrable to purchase real estate rather than renting as their is a greater cost savings. There aren’t a lot of rental properties available, though you can find both furnished and unfurnished rentals, especially if you go a bit outside the city.

If you wish to supplement your retirement income with a job, there are many opportunities even though the unemployment is relatively high right now. Working for one of the many American companies, English language teaching, and tourist industry jobs are all things to consider.

Although Argentina is a cheap place to retire to, this doesn’t mean that you won’t be able to live in the style that you are accustomed to, or better. Pretty much all of the products you would purchase at home will also be available to you in the major cities, so you don’t have to worry about bringing things with you like you would in some of the options for a cheap country to retire to.

You should be able to live in Argentina easily with an income of $1,000 per month. This is comparable to the salary that a doctor makes in Argentina. If you live outside Buenos Aires your money will go further. However, you should expect to have a standard of living similar to that which is common in Europe. If you have at least this level of income you will also be able to get a residency visa for Argentina so you won’t have to worry about renewing your visa as often as you might otherwise.

The Benefits of Living in Venezuela – A Cheap Country to Retire

There are many people who would like to move to another country upon retirement, but selecting the best place to live is often a difficult choice.  While you may be able to locate several places that offer the same standard of living at a much cheaper rate, there may be other factors that weigh heavily on your decision.  You will want to take a look at the cost of living within the country as well as the weather conditions, prior to deciding to move upon retirement.  Although there are many choices, one of the top places to move is Venezuela, a cheap country to retire.

Puerto Cruz beach in Isla MargaritaImage via Wikipedia

When taking a look at the overall cost of living within the country of Venezuela, it is found that it is about 50% of the cost of living in the New York City area.  Many factors go into this cost, including the price of food, the cost of housing, and transportation.  While the price of food and the selection within the supermarkets are about the same as within the United States, the cost of housing is about 60% less than it is in New York City.  Transportation is generally much less expensive as the cost of a liter of fuel remains at $0.12 in this oil-rich country.  Although the price of a car is often much more expensive than it is in the United States, the minimal amount of required insurance is often very cheap.

Venezuela is often considered a cheap place to retire because it is a poor country with the average monthly salary being at $800.  Many Americans who have moved to this country have found that they can make a substantial amount of income by owning their own business.  The taxes on the income for non-residents, however, is very high at a flat rate of 34%.  Health care may also be a factor in the consideration of retiring to Venezuela.  There are many private hospitals and doctors that are reasonably priced, but it is best to stay away from the public hospitals that are considered to be unacceptable by most foreigners.

Many of those who are considering Venezuela are enticed by the excellent weather conditions.  Within Margarita Island, the most popular region of Venezuela, the temperature does not stray far from 80 degrees year round.  With little precipitation and low humidity, the country is far enough away from the hurricane zone to make it an enjoyable place to live.  Since Americans are welcomed by both the government and many of the people because of the economic improvements they often bring along, this can be an excellent place to live upon retirement.