Affordable and faraway places to retire
For the past 30 years if not longer, many retirees have being moving to warmer destinations to see out the rest of their retirements particularly in places like Spain, France and Italy. Today many are moving further afield to enjoy a new life at a low cost. Many are migrating to Asia, South America and the Far East and beyond to stretch their retirement fund.
Here Garda-Post.com uncovers four of the places that give retirees a little bit more for their retirement pot.
Chiang Mai, Thailand
Thanks to its weather and low cost of living, Thailand has been on retirees’ radars for years, and Chiang Mai is cheap, even by Thai standards. For well under €1500 you can live like a king.
A 1,200-square-foot apartment can be rented for about €300 per month with the average grocery about €50 per month. Restaurants cost about twice that at €100 per month — and he goes out to eat almost every day.
There are Western-style restaurants, entertainment venues and social events and the city has several modern hospitals. More routine medical issues are inexpensive and many don’t need insurance to cover them. Going to a dentist for a checkup and cleaning is 500 baht or about €15.
Because it’s a U.S. territory, English is spoken everywhere on the island of Guam, and its currency is the U.S. dollar. And, at least on the surface, much of the country’s culture and politics will seem familiar to many Europeans.
Situated 3,700 miles southwest of Honolulu, Guam is a lower-cost alternative to Hawaii while sharing the same climate. One-bedroom apartments in Guam can rent for as low as €300 per month, with luxury units facing the sea costing up to €800 per month. Property on the island is very reasonable with a three-bedroom houses often sell for less than €200,000.
Buenos Aires, Argentina
Although Buenos Aires is pricier than most parts of South America, it is still a bargain compared to most Europena cities. A one-bedroom apartment in a good neighborhood can be rented for less than €300 per month or bought for less than €50,000. Internet, cable and electricity combined rarely costs more than €80 per month. The city’s comprehensive subway system and buses make transportation cheap. One ride on the subway costs 2.50 Argentine pesos (about 50 cents). Health care in Argentina is a bargain, thanks to the country’s public health care system and surplus of doctors.
The quality and affordability of Argentina’s medical services has led to a booming medical tourism industry. In 2011, more than 100,000 visitors came to Argentina to receive medical care, according to Argentina’s National Institute of Tourism Promotion.
For most expats, the costliest part of Buenos Aires is dining in the city’s European-style cafes, restaurants and night spots. While movies are relatively cheap in Argentina (a ticket costs less than $8 in most places), dinner out at a restaurant usually costs between $25 and $45. An espresso will cost around $2.50 and can be found in any of the city’s thousands of small open-air cafes.
Lake Atitlan, Guatemala
Lake Atitlan is about 75 miles away from Guatemala City and is surrounded by volcanoes and villages where Mayan traditions still thrive. The area has perennial spring-like temperatures ranging from the 60s to 80s Fahrenheit. Waterfront houses are available for rent on the lake; a three-bedroom house costs around €300 per month to rent.
Other expenses remain extremely low in this retiree-friendly part of Guatemala. Restaurants cost about €8 per dinner and €3 to €4 for breakfast. For those who require assisted living, a full-time personal nurse can be hired for €15 to €20 per day and a maid is about €4 to €10 per day. Graham recommends using taxis or tuk-tuks in Guatemala, which he notes are very cheap. Tuk-tuks are three-wheeled motorized versions of rickshaws. Tuk-tuks will go between cities for about €3 to €5 per city. Inside metropolitan areas, they cost 75 cents for one trip