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.
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.