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Consider moving abroad toCentral or South Americainstead.
Field said the only trouble people will have is transferring their Medicare abroad.
You will be just fine with foreign health insurance and healthcare.
To present the seven cheapest countries to retire in Latin America, we collected data from multiple sources.
We excluded countries that have low life expectancy statistics.
These are the cheapest seven countries to retire in Latin America organized from highest to lowest.
The discovery of oil in Ecuador has been fueling progress and economic development in education and healthcare.
Retiring in this country is approximately three times cheaper (2.97) than retiring in America.
Rent in Peru averages 76.8% lower than in the U.S.
5.
In the country, youll find sun-drenched beaches, warm locals, rich culture and the Amazon rainforest.
Brazil is 3.15 times less expensive to live in than America.
Nicaragua
Average Housing:$625 monthly
Life expectancy:75.43 years
Nicaraguais 3.61 cheaper to live in than in America.
However, it is one of Central Americas poorest countries, as many citizens live in poverty.
The country has a high unemployment rate.
A retired couple can live in the country starting at $1,500 a month which includes housing and expenses.
If you decide not to rent, purchasing a house costs around $100,000 in Nicaragua.
Argentina is rich in cultivated goods, resources, services and industry.
Hospitality and the travel industry are major sources of revenue in Argentina.
Rent is 81.8% lower than America.
Retirees earning their income from the U.S. are exempt from paying income tax.
Retirees can enjoy affordable healthcare and household goods as well as rich natural beauty and friendly locals.
The cost can depend on where in the country you live.
Gentrified neighborhoods such as Medellins El Pueblito Boca Grande cost more.
Renting a one-bedroom in Bogota averages $394.50.
A two-bedroom home costs an average of $586.50.
Total expenses in Columbia run between $1,000 to $2,000.
A couple will pay around $32 a month for electricity (imagine that!)
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