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Costs to Retire in Cancun; Rents, Healthcare, Things to Do

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Before deciding to retire, regardless of the destination, the two primary concerns are the cost of living and safety.

Cancún, Mexico, has long been a dream destination for beach lovers. Still, it’s also becoming a hot spot for retirees, remote workers, and expats searching for an affordable and vibrant lifestyle. Turquoise waters, white sandy beaches, and a warm climate year-round are keywords for Cancun.

Cancún is more than just a vacation paradise—it’s a place where many Americans are finding a fresh start with a low cost of living.

Rental Rates

A one-bedroom apartment in the city center typically rents for about 13,000 Mexican pesos per month, or roughly $770 USD. Living in the city center offers proximity to restaurants, shops, and nightlife.

For those seeking a slower pace with breathtaking views, a one-bedroom apartment overlooking the Caribbean Sea in upscale areas like Puerto Cancún or the Hotel Zone can be significantly higher. Depending on the building’s amenities and beachfront access, they can often cost between 18,000 and 35,000 pesos monthly, approximately $927 to $1,800.

We found long-stay, oceanfront rentals on Airbnb in Cancun for $861 to $2100 a month, including all utilities and Wi-Fi.

Surrounding Areas: Cheaper Rents

However, just 30 miles south of Cancún, in smaller towns like Puerto Morelos or the northern edge of Playa del Carmen, you can find charming one-bedroom rentals for as low as 6,000 to 10,000 pesos per month, which is approximately $310 to $515. However, the Airbnb rental rates are much higher. When renting directly from property owners, the rents are much less, but the property more than likely will need upgrades. These areas are ideal for those on a tighter budget who still want to be close to the beach.

Weather / Climate

The weather in Cancún is exactly what you’d expect from a tropical paradise. From November to April, the dry season brings sunny skies and warm temperatures, typically 74 to 83 degrees Fahrenheit. From May to October, the rainy season sees more humidity and tropical storms, though even then, it’s rare for a full day to pass without sunshine peeking through.

Cancun International Airport

Traveling back to the U.S. or Europe from Cancún is incredibly convenient. The Cancún International Airport is one of the busiest in Latin America and offers direct flights to over 40 U.S. cities, including Atlanta, Chicago, Los Angeles, and New York. You can also fly nonstop to major European destinations like London, Madrid, and Paris, making this tropical hub surprisingly well-connected to the rest of the world.

Food Prices

When it comes to food, Cancún delivers in every way imaginable. The city is a melting pot of flavors. Whether you’re dining on cochinita pibil tacos from a local street vendor or indulging in fine dining at a resort restaurant, the culinary scene is diverse and full of life. Traditional Yucatecan dishes like panuchos and marquesitas blend beautifully with international cuisine, giving you the best of both worlds. And with grocery prices and restaurant costs significantly lower than in the U.S., it’s easy to enjoy great meals at a low price.

Things to Do

Beyond food, there’s never a shortage of things to do in Cancún. Adventure seekers can explore cenotes, go zip-lining in jungle parks like Xplor, or take a ferry to Isla Mujeres for snorkeling. History lovers can travel to the ancient Mayan ruins of Chichén Itzá or Tulum. Of course, if you prefer a more laid-back day, lounging on Playa Delfines with a book and a cold drink is always a good idea. The city also offers modern shopping malls, golf courses, yoga studios, and vibrant nightlife.

U.S. Expats Living in Cancun

The number of U.S. expats living in Cancún is estimated to be in the tens of thousands and growing steadily. According to Mexican immigration statistics and news reports, many Americans have chosen Cancún for its beauty, lower cost of living, and relatively simple temporary or permanent residency process. English is widely spoken in tourist areas, and a strong network of expat communities hosts regular meetups and support groups, making it easy to form friendships and get settled. You can find Cancun expat groups using Facebook Groups. Go here to learn more about the financial requirements to live in Mexico.

Safety

Safety in Cancún, like in many parts of Mexico, depends on where you are and how you conduct yourself. While crime does exist, especially in the outskirts and less touristy areas, most expats and visitors feel safe in well-populated zones. The Hotel Zone and city center are heavily patrolled, and thousands of tourists visit daily without issue. Common sense precautions—like avoiding isolated areas at night and staying aware of your surroundings—go a long way in ensuring a secure experience.

Healthcare

Healthcare in Cancún is surprisingly good, especially for those used to the high costs in the United States. The city is home to several modern private hospitals, including Galenia and Hospiten, which offer English-speaking staff and international standards of care. Many expats take advantage of affordable private health insurance or pay out-of-pocket for routine care, which is often just a fraction of U.S. prices. Cancún is also a popular destination for medical tourism, with procedures in dentistry, dermatology, and even surgery offered at competitive prices.

Overall, Cancún blends tropical beauty with a low cost of living, high quality of life, and stunning views. Cancun is a popular choice. Whether you’re staying for a season or settling in for good, it’s easy to see why so many Americans are choosing to call Cancún home.

Top Low Cost of Living Retirement Destinations in the U.S. and Mexico for 2025

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Looking for the best low-cost-of-living retirement destinations in 2025? Discover affordable places to retire in the U.S. and Mexico where your Social Security check goes further. This guide covers the most budget-friendly cities with low rent, warm weather, and safe communities ideal for retirees. Learn about average home prices, rental costs, residency requirements, and real-life expat experiences. Whether you’re planning to retire on a fixed income or just want to stretch your dollars, these retirement spots offer quality living without the high price tag.

🇺🇸 Affordable Low-Cost Retirement Destinations in the United States

1. La Grande, Oregon

  • Average Monthly Rent: $517
  • Median Home Price: $295,000
  • Highlights: Nestled in the Grande Ronde Valley, La Grande offers a blend of natural beauty and community activities. Home to Eastern Oregon University, the town boasts cultural events and educational opportunities. The cost of living is manageable, making it suitable for couples relying solely on Social Security benefits. (FinanceBuzz)

2. Paris, Tennessee

  • Median Home Value: $145,200
  • Highlights: This charming town offers a low cost of living, no state income tax, and a vibrant community life. Retirees can enjoy events like the World’s Biggest Fish Fry and access to healthcare facilities, including a major hospital in Henry County. (Investopedia)

3. Frankfort, Kentucky

  • Annual Cost of Living: Approximately $58,228
  • Highlights: Frankfort combines affordability with safety, boasting low crime rates. The city offers a rich history, scenic beauty, and a welcoming community, making it an attractive option for retirees. (Nasdaq)

4. Sioux Falls, South Dakota

  • Highlights: Recognized for its affordability, Sioux Falls offers no state income tax, low property taxes, and excellent healthcare facilities. The city provides a mix of urban amenities and natural beauty, appealing to many retirees. (Investopedia)

5. Twin Falls, Idaho

  • Median Home Value: $292,700
  • Highlights: Twin Falls combines natural attractions like the Snake River Canyon with affordable living. The city has a growing healthcare infrastructure and a friendly community atmosphere. (Travel + Leisure)

🇲🇽 Affordable Low-Cost Retirement Destinations in Mexico

1. Puerto Vallarta

  • Average Condo Price: Approximately $320,000
  • Highlights: A popular destination among U.S. and Canadian retirees, Puerto Vallarta offers beautiful beaches, a vibrant cultural scene, and a range of amenities. The city has a well-established expat community and is known for its LGBTQ+ friendly environment. (Wikipedia)

2. El Centenario, Baja California Sur

  • Highlights: Located near La Paz, El Centenario is a small seaside town that has become increasingly popular among retirees. The area offers affordable living, a warm climate, and a close-knit community. It’s also known for its unique local traditions and proximity to marine research institutions. (Wikipedia)

3. San Miguel de Allende

  • Average Rent for One-Bedroom Apartment: $750–$1,500 per month
  • Highlights: This UNESCO World Heritage city is renowned for its colonial architecture, art scene, and vibrant expat community. While some areas can be pricier, many retirees find the cost of living reasonable, especially when considering the quality of life. (zisla.com)

4. General Cost Overview

  • Monthly Living Costs for Retired Couples: $1,315 to $2,900
  • Highlights: Mexico offers a range of living options to fit various budgets. Cities like Mérida, Oaxaca, and Lake Chapala provide affordable living with rich cultural experiences. English is widely spoken in many expat communities, and healthcare is both accessible and affordable. (U.S. News Money, Investopedia)

🛡️ Safety and Climate Considerations

  • Safety: While many of the listed U.S. cities boast low crime rates, it’s essential to research specific neighborhoods. In Mexico, areas with established expat communities, like San Miguel de Allende and Puerto Vallarta, tend to have better safety records.
  • Climate: U.S. destinations like Twin Falls and Sioux Falls experience four distinct seasons, while places like Paris, Tennessee, offer milder winters. Mexican cities generally have warmer climates, with coastal areas experiencing higher humidity.

If you’re considering retiring in Mexico, it’s essential to understand the financial requirements for obtaining residency. These requirements can vary based on the type of residency you’re seeking and are subject to change. As of 2025, here are the general guidelines:(Mexperience | Experience More of Mexico)

🇲🇽 Financial Requirements for Residency in Mexico (2025)

Temporary Residency

Temporary residency is typically granted for up to four years and is suitable for individuals planning to live in Mexico for an extended period without permanent settlement. To qualify, you must meet one of the following financial criteria:

Permanent Residency

Permanent residency is ideal for those intending to settle in Mexico indefinitely. The financial requirements are more stringent:

  • Monthly Income: Show a consistent monthly income of approximately $6,975 USD over the past six months. (Mexperience | Experience More of Mexico)
  • Savings/Investments: Hold an average monthly balance of at least $279,000 USD in savings or investments over the past 12 months. (International Living)

These financial requirements are higher than usual. For those looking for a more affordable financial requirement, check out the blog’s article on “Cost of Living Comparison: Huanchaco, Peru vs Playa Blanca, Colombia for Expats and Retirees”

💡 Important Considerations

  • Currency and Wage Fluctuations: These amounts are calculated based on the Mexican minimum wage and current exchange rates. They may vary over time and between consulates. (Mexperience | Experience More of Mexico)
  • Documentation: Ensure all financial documents are official and, if necessary, translated into Spanish.
  • Consulate Variations: Different Mexican consulates may have varying requirements or interpretations of these guidelines. It’s advisable to consult the specific consulate where you plan to apply.(Mexperience | Experience More of Mexico)

🏡 Cost of Living in Mexico

While the financial requirements for residency are relatively high, the actual cost of living in Mexico can be significantly lower than in many parts of the United States. For instance, a couple can live comfortably in Mexico for about $2,000 to $2,500 USD per month, depending on the location and lifestyle choices. (Mexico Relocation Guide)

📌 Final Thoughts

Retiring in Mexico offers the allure of a lower cost of living, rich culture, and diverse climates. However, meeting the financial requirements for residency is a crucial step. To navigate the application process effectively, consult with the Mexican consulate in your area or seek advice from immigration experts.

🏁 Conclusion

Retiring doesn’t mean compromising on quality of life. Whether you prefer the familiarity of the U.S. or the vibrant cultures of Mexico, numerous destinations offer affordability, safety, and a welcoming environment. By considering factors like cost of living, healthcare access, climate, and community, you can find the perfect place to enjoy your golden years.(NEAMB)

“Cost of Living Comparison: Huanchaco, Peru vs Playa Blanca, Colombia for Expats and Retirees”

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When comparing the cost of living between a beach town like Huanchaco, Peru, and a beach city like Playa Blanca, Colombia, both destinations offer affordable lifestyles but with some key differences in pricing and residency requirements. In Huanchaco, a small surf town near Trujillo on Peru’s northern coast, monthly rent for a one-bedroom apartment near the beach typically ranges between $250 and $400. Groceries and local meals are quite budget-friendly, with fresh produce and seafood readily available at markets for a fraction of what you’d pay in the U.S. A simple meal at a local restaurant may cost $3 to $5. At the same time, monthly expenses for a single person can comfortably remain under $900, including utilities and entertainment.

Research on Airbnb revealed condos along the coast ranging from $700 to $900 a month. Of course, these rates include all utilities, but they are available for long stays.

The cost of living in Playa Blanca, Colombia, located near the bustling tourist hub of Cartagena, is slightly higher due to the town’s popularity and proximity to major attractions. Rent for a modest one-bedroom near the beach may range from $400 to $700, depending on season and amenities. While food is still inexpensive compared to Western standards, costs are a bit steeper than in Peru. A meal at a mid-range restaurant might run $6 to $10, and monthly living expenses typically average around $1,000 to $1,200 for a single person in beach areas, mainly if you rely on occasional tourist-priced services.

Our Airbnb research revealed rents to be closer to $1500 a month, including all utilities. Yet, our research for renting directly from property owners proved to be much less.

Financial Requirements to Live in Peru / Colombia

As for financial requirements to live or retire in these countries, Peru makes it relatively simple. For retirement residency in Peru, known as the “Rentista Visa,” applicants must show proof of a permanent income of at least $1,000 per month from a stable source such as a pension or Social Security. There’s no need to purchase property or make large financial investments. Meanwhile, Colombia requires retirees to show proof of a monthly income of roughly three times the national minimum wage—about $1,000 to $1,200 USD as of 2025—to qualify for the “M” Retirement Visa. Both countries allow long-term stays and offer paths to permanent residency, but Peru is slightly more lenient and cheaper in its ongoing visa maintenance.

Affordable Oceanfront Lifestyle

The bottom line is, affordable oceanfront living in small towns like Huanchaco, Peru, or Playa Blanca, Colombia, offers a kind of beachfront lifestyle that’s nearly impossible to find in the United States or even in some of the trendier expat hotspots of Mexico. In these charming coastal communities, renting a furnished apartment or small house just steps from the sand for $300 to $800 per month is still possible. These towns offer a laid-back, authentic vibe with access to fresh seafood, local markets, and warm, welcoming communities, without the inflated prices seen in more commercialized destinations.

In contrast, the idea of oceanfront living in the U.S. often comes with sky-high property taxes, restrictive zoning, and rental costs that can easily exceed $3,000 to $10,000 a month, even for modest accommodations. Even in Mexico, where affordability has long been a draw, areas like Cabo, Tulum, Cancun and Puerto Vallarta are experiencing surging real estate prices, gentrification, and increasing tourist congestion. While these places still offer relative value, true beachfront bargains are becoming harder to find. Beachfront rentals on sites like Airbnb have skyrocketed in recent years.

Huanchaco and Playa Blanca remain rare gems where you can wake up to the sound of waves, walk the boardwalk with locals, and enjoy seafood caught that same morning—all on a modest budget. These towns blend simplicity, culture, and natural beauty in a way that more developed beach destinations simply can’t replicate anymore.

Travel Back to the U.S.

Traveling back to the U.S. from Colombia or Peru is relatively easy and affordable, especially from major cities with international airports. From Colombia, flights from Cartagena (near Playa Blanca) or Bogotá to U.S. cities like Miami, Fort Lauderdale, or Houston typically take between 3 and 5 hours. One-way airfare can range from $120 to $300, depending on the season, how early you book, and whether you’re flying a budget or full-service airline. Low-cost carriers like Spirit Airlines and JetBlue often offer nonstop flights from Cartagena or Bogotá to Florida hubs, making quick returns to the U.S. accessible for expats or retirees.

From Peru, if you’re living in Huanchaco, the nearest major airport is in Trujillo, but most international flights will route through Lima. The travel time from Lima to U.S. cities like Miami or Los Angeles ranges from 6 to 9 hours, with nonstop options available to both coasts. Average one-way airfare ranges between $250 and $500, with lower rates sometimes available on discount airlines such as Avianca, LATAM, or American Airlines during sales or off-peak travel times. The trip remains efficient and manageable even with a short domestic connection from Trujillo to Lima (about 1 hour).

In both countries, international travel infrastructure is well-established, and airport access is straightforward, especially compared to more remote areas in Southeast Asia or Central America. This ease of return makes Peru and Colombia attractive options not only for affordable oceanfront living but also for staying connected to family, healthcare, or responsibilities back in the United States.

Conclusion, Including Healthcare

Travel medical insurance is essential for anyone living part-time or full-time abroad in countries like Peru or Colombia, especially retirees. It provides financial protection in case of unexpected medical emergencies, including accidents, illnesses, and even medical evacuation back to the U.S. if necessary. Unlike standard travel insurance, which focuses more on trip cancellations and luggage loss, travel medical insurance specifically covers doctor visits, hospitalization, prescriptions, and sometimes routine care, depending on the plan.

For retirees living in beach towns like Huanchaco or Playa Blanca, where local healthcare is generally affordable but may not always meet international standards, having a reliable insurance plan gives peace of mind. Providers like Travel Insurance dot com allow you to compare travel/medical plans tailored explicitly for expats, digital nomads, and long-term travelers. You can secure this insurance with a medivac option for your exploration travels to Peru and Colombia.

In countries like Colombia and Peru, some expats opt for a combination approach—using local out-of-pocket payments for minor issues (often under $50 per visit) and relying on international insurance for larger medical needs or emergencies. Travel medical plans can also include translation services, 24/7 global hotlines, and access to vetted hospitals.

Retirees must secure independent coverage because U.S. Medicare doesn’t cover medical expenses abroad. Without it, a serious medical incident overseas could lead to tens of thousands of dollars in out-of-pocket costs. The good news is that Colombia and Peru have modern private hospitals in major cities and can often provide quality care at much lower costs than in the U.S., especially when backed by a solid travel insurance policy.

Peru’s beach towns like Huanchaco offer a quieter, more budget-friendly lifestyle, while Colombia’s Playa Blanca offers more tourist amenities at a moderately higher cost. Both are excellent choices, but your ideal pick depends on whether you prioritize low costs or proximity to vibrant international communities.

Dominican Republic Cost of Living for Retirees

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Over the past three years, the Dominican Republic has experienced notable shifts in its cost of living, driven by factors such as rising rents, labor market dynamics, and inflation. From 2021 to 2024, rental prices have steadily increased, with annual growth rates ranging between 2.7% and 3.8%. This upward trend is particularly evident in popular areas like Punta Cana, where beachfront apartments can command monthly rents exceeding $3,000. Conversely, more modest accommodations in local neighborhoods or smaller towns may be available for under $1,000 per month. Global Property Guide

The labor market has also undergone significant changes, partly influenced by the Dominican Republic’s reliance on Haitian workers, especially in sectors like agriculture, construction, and domestic services. Haitian migrants have historically provided affordable labor, but recent mass deportations—escalating to approximately 10,000 individuals per week since October 2024—have disrupted this dynamic. The reduction in this labor force has led to increased labor costs and operational challenges for industries dependent on these workers.

Food prices have mirrored global inflation trends, with basic grocery items like rice, eggs, and chicken remaining relatively affordable compared to U.S. prices. Dining out varies widely: meals at local eateries can cost as little as $2.50, while upscale restaurants may charge between $15 and $50 per person. Healthcare services are accessible, with public hospitals offering free care, though they may lack certain resources. Private clinics provide higher-quality services at additional costs, and health insurance is advisable for comprehensive coverage.

Regarding safety, while tourist areas like Punta Cana and Santo Domingo are generally secure, some neighborhoods experience higher crime rates, particularly at night. Visitors and residents are advised to remain vigilant and take standard precautions.

The Dominican Republic’s climate is characterized by warm temperatures year-round, typically ranging from 68°F to 89°F. The most favorable period for outdoor activities spans from late November to late April, offering optimal conditions for beachgoers and tourists.

Beachfront properties continue to attract both investors and tourists. In sought-after locations like Cap Cana and Casa de Campo, luxury villas can fetch rental prices upwards of $5,000 per month. Meanwhile, local neighborhoods offer more budget-friendly options, with monthly rentals for as low as $1,400. This diversity in housing caters to a wide range of preferences and budgets, reflecting the country’s varied real estate landscape.

Legal Requirements to Retire in the Dominican Republic:

Foreign nationals can apply for the Pensionado (Retiree) or Rentista (Independent Means) residency programs to retire in the Dominican Republic. The Pensionado program requires proof of a stable monthly pension income of at least US$1,500, with an additional US$250 for each dependent. The Rentista program is designed for individuals with a consistent passive income of at least US$2,000 per month from sources such as investments or rental properties, also requiring an additional US$250 per dependent.

Applicants must provide several documents, including:

  • A valid passport with at least one year of validity.
  • A birth certificate and, if applicable, a marriage certificate, both duly apostilled or legalized.
  • A police clearance certificate from the country of residence for the past five years, also apostilled or legalized.
  • A medical certificate issued by an authorized institution in the Dominican Republic.
  • Proof of the pension or income source, translated into Spanish and legalized.
  • A bank letter confirming the existence of a Dominican bank account.
  • A guarantee policy contracted with Seguros Reservas, covering the applicant and any dependents.

Notably, these programs have no minimum age requirement, and applicants can apply directly for permanent residency without first obtaining temporary residency.

Financial Incentives:

Under Law 171-07, retirees and rentistas benefit from several tax exemptions, including:

  • Exemption from taxes on foreign income, meaning pensions and other income earned abroad are not taxed in the Dominican Republic.
  • 50% exemption on property taxes for the primary residence.Real Estate DR
  • Exemption from taxes on the importation of household goods and personal effects.
  • Exemption from taxes on dividends and interest earned both domestically and internationally.WDALAW

These incentives make the Dominican Republic an attractive destination for retirees seeking to maximize their retirement income.

Healthcare and Cost of Living:

The Dominican Republic offers a range of healthcare services, with private clinics and hospitals providing quality care at a fraction of the cost compared to the United States and Europe. Health insurance is recommended and is a requirement for residency applications. The cost of living is generally lower, with monthly expenses for a comfortable lifestyle ranging from US$1,500 to US$2,500, depending on location and personal preferences.

Path to Citizenship:

After maintaining permanent residency for two years, retirees are eligible to apply for Dominican citizenship. Applicants must demonstrate knowledge of Spanish and an understanding of Dominican culture and civics. The country recognizes dual citizenship, allowing retirees to retain their original nationality.

In summary, the Dominican Republic provides a favorable environment for retirement, combining legal ease, financial benefits, and a lower cost of living, making it an appealing choice for many seeking to enjoy their retirement years abroad.

Peru Cost of Living

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Retiring in Peru: Ocean Views, Ancient Culture, and Affordable Living

If you dream of a vibrant retirement destination with breathtaking coastal views, rich culture, and affordable living, Peru might be your paradise. With a population of over 34 million people, Peru is a country of stunning contrasts—from high Andean peaks and lush jungles to dramatic Pacific coastlines. The capital city, Lima, is home to around 10 million residents, making it the largest metropolitan area, followed by Arequipa (1 million) and Trujillo (just under 1 million).

The Cost of Living in Peru

Retirees are often amazed at how far their dollars stretch in Peru. In downtown Lima, a comfortable one-bedroom apartment might cost $500 to $800 per month, depending on the neighborhood. But move just outside the city center or into coastal gems like Huanchaco, Mancora, or even the Miraflores district overlooking the Pacific. You can find modern condos for under $600 a month, often including utilities and high-speed Wi-Fi. Some buildings even come with rooftop terraces, pools, and ocean views that rival California’s coastline—at a fraction of the cost.

Grocery shopping can be both fun and economical. Local markets are filled with fresh fruits, vegetables, meats, and seafood for significantly less than you’d pay in the U.S. A couple can easily spend $150 to $250 monthly on groceries. Dining out? A delicious local meal at a family-owned restaurant or “menu del día” can cost as little as $3 to $5, while mid-range dining costs $15 to $25 for two people.

How to Retire or Live in Peru

Peru allows many visitors to stay for up to 90 days without a visa, which is the perfect time frame to explore the country and decide if it’s a good long-term fit. You can travel to various regions—from the Amazon Rainforest to Machu Picchu, and from colonial cities like Cusco to beach towns like Paracas—and see what lifestyle suits you best.

If you decide to stay longer, Peru offers a retirement visa (Rentista Visa). To qualify, you must prove a lifetime income of at least $1,000 per month, such as from Social Security, pensions, or other reliable sources. The visa allows permanent residency and even tax exemptions on foreign income. The process can be handled independently or with the help of local legal experts for a smoother transition.

Culture, Cuisine, and Connection

Peru’s culture is a delightful blend of Indigenous, Spanish, and African influences. You’ll find festivals, music, and street art everywhere, especially in cities like Cusco or Arequipa. The cuisine is world-renowned—don’t leave without trying ceviche, lomo saltado, or a pisco sour.

Regarding things to do, Peru offers a lifetime of adventure. Hike the Inca Trail, explore the Nazca Lines, visit the floating islands of Lake Titicaca, or take a sandboard ride in Huacachina. The transportation system includes affordable long-distance buses, domestic flights, and cheap ride-hailing services like Uber in major cities.

Flights from Lima to Miami or Los Angeles take about 6 to 8 hours, making it convenient to return to the U.S. when needed.

Safety and Language

According to the U.S. State Department, Peru is currently listed as Level 2: Exercise Increased Caution, mainly due to occasional civil unrest or petty crime in crowded areas. However, most expats find daily life in Peru safe, especially in expat-friendly neighborhoods like Barranco or Miraflores.

The primary language is Spanish, but don’t let that stop you. Many expats begin with free online apps like Duolingo or take affordable group lessons at local language schools. It’s a great way to learn, socialize, and immerse yourself in the community.

Finding Your Tribe

The expat community in Peru is growing steadily, with Facebook groups like “Expats in Lima,” “Retire in Peru,” and “Peru Expat Network” offering everything from local tips to housing rentals and friendship. These groups are active, helpful, and a great way to connect before you even set foot in the country.

Whether you’re drawn by the low cost of living, the coastal lifestyle, or the rich cultural heritage, retiring in Peru can offer an exciting, affordable, and fulfilling new chapter. Why not take a 90-day trial run—and see if this vibrant land is your next forever home?

Healthcare in Peru for Expats: Affordable, Accessible, and Improving

One of the most attractive aspects of retiring in Peru—aside from the jaw-dropping landscapes and low cost of living—is the affordability and accessibility of healthcare. For expats, the Peruvian healthcare system offers a variety of choices, from public clinics to high-end private hospitals that provide excellent care at a fraction of U.S. prices.

Public vs. Private Healthcare

Peru has a two-tiered healthcare system: public and private. The public healthcare system (EsSalud) is available to citizens and legal residents, including retirees who obtain the Rentista Visa. While it is very affordable or even free, the public system can involve longer wait times, limited access to English-speaking doctors, and overcrowded facilities, especially in rural areas.

Most expats prefer to use the private healthcare system, which is still very affordable compared to the U.S. and Western Europe. In major cities like Lima, Arequipa, and Cusco, you’ll find modern private hospitals and clinics with well-trained doctors—many of whom have studied or practiced in the U.S. or Europe. A general consultation in a private clinic can cost between $25 and $50, while specialist visits might run about $50 to $100. Emergency care, surgeries, and dental work are significantly cheaper than what you’d pay back home.

Private Insurance for Expats

Many expats choose to purchase private health insurance to cover major procedures or international care. Plans through international providers like Cigna, Allianz, or IMG can cost anywhere from $75 to $300 per month, depending on your age, coverage level, and health history. Alternatively, you can purchase local insurance plans through Peruvian companies like Pacifico Salud or Rimac, which often include access to top-tier private hospitals and even home doctor visits.

Some retirees opt to pay out-of-pocket, especially for day-to-day care, due to how inexpensive services are. Even complex surgeries like hip replacements can cost 70–80% less than in the U.S., making Peru a growing destination for medical tourism.

Pharmacies and Medication

Prescription medication is readily available and much less expensive than in North America. Many medications that require a prescription in the U.S. can be bought over the counter in Peru. Pharmacies are everywhere—even in small towns—and pharmacists are generally very helpful.

Quality and Peace of Mind

In cities like Lima, you’ll find state-of-the-art facilities such as Clinica Ricardo Palma, Clinica Internacional, and Clinica Anglo Americana, which are comparable to U.S. standards and often used by diplomats and expats. These clinics offer everything from general care to advanced surgeries, dental care, mental health services, and even cosmetic procedures.

Final Thoughts

Healthcare in Peru is one of the many reasons expats feel secure about retiring here. Whether you choose public coverage or private insurance, you’ll have access to good quality care at prices that won’t break the bank. As long as you live near a major city, you’ll enjoy quick access to modern medical services, qualified professionals, and a stress-free experience—so you can spend more time soaking up sunsets on the Pacific and less time worrying about your next doctor’s visit.

Lower Cost of Living: Countries Americans are moving to

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Smiling Senior Spouses Hugging Standing On A Street In European City Outside. Loving Retired Couple Enjoying Romantic Vacation Walking Outdoors. Retirement Travel Offer Concept

WorldPopulationReview.com published a list of the most common destinations of Americans who expatriated in 2024. The full list of 10 countries:

  1. Mexico – 799,248 expats
  2. Canada – 273,226
  3. United Kingdom – 170,771
  4. Puerto Rico – 159,515
  5. Germany – 152,639
  6. Australia – 116,620
  7. Israel – 76,794
  8. South Korea – 68,050
  9. France – 61,668
  10. Japan – 58,340

In the video, we explore some of these destinations, detailing the cost of renting a one-bedroom apartment in city centers, the pros and cons of relocating, the climate, and the prevalence of expatriate communities.

Portugal

Portugal has become a favored destination for many Americans, mainly due to its relatively low cost of living and welcoming atmosphere. In Lisbon, the capital city, a one-bedroom furnished apartment in the city center can be found for under $1,000 per month.

Portugal boasts a mild Mediterranean climate characterized by warm summers and mild winters, making it appealing year-round. Its rich cultural heritage, scenic landscapes, and high quality of life are significant attractions. However, potential downsides include bureaucratic hurdles in securing residency and learning the Portuguese language to fully integrate. Nonetheless, Portugal hosts a growing expatriate community, offering support and social networks for newcomers.

If you want to know how I travel the world for less than $1500 a month, download my book on Amazon’s Kindle Store.  

Spain

Spain’s diverse regions and vibrant culture have long attracted expatriates. Cities like Barcelona and Madrid offer a cosmopolitan lifestyle with relatively affordable living costs.  For instance, in Madrid, rental prices for one-bedroom apartments in the city center are competitive, although exact figures can vary.  

The country’s Mediterranean climate ensures hot summers and mild winters, particularly in southern regions. Spain’s public healthcare system is highly regarded, and the cost of living is generally lower than in many U.S. cities. However, challenges may include navigating bureaucratic processes and achieving language proficiency. Spain’s well-established expatriate communities, especially in cities like Madrid and Barcelona, provide ample support for newcomers.

Mexico

Mexico is one of the most popular destinations for American expatriates, with an estimated 1.6 million Americans residing there as of 2022.  The country’s proximity to the United States and its affordable cost of living make it particularly attractive.  In Mexico City, the average monthly rent for a one-bedroom apartment in the city center is approximately $650 and is increasing.

Mexico’s diverse climate ranges from tropical beaches to temperate highlands, catering to various preferences. The rich cultural scene, delicious cuisine, and friendly locals add to its appeal. However, concerns about safety in certain areas and the need for Spanish language skills can be potential drawbacks. Nonetheless, Mexico’s large and active expatriate communities, particularly in cities like Mexico City and Guadalajara, offer a supportive environment for newcomers.

I lived in Mexico for six years straight and loved it. I highly recommend Puerto Vallarta, Acapulco, and even Cabo.

Vietnam

Vietnam has emerged as an affordable and vibrant destination for expatriates. According to the Expat Insider 2024 survey by InterNations, the country has been named the world’s most affordable place to live for the fourth year in a row. In cities like Ho Chi Minh City, the average monthly rent for a one-bedroom apartment in the city center is approximately $500.

Vietnam’s tropical climate features hot and humid weather with a distinct rainy season. The country’s rich history, delicious cuisine, and friendly locals are significant attractions. However, challenges may include adjusting to cultural differences and language barriers. Vietnam’s growing expatriate communities, particularly in cities like Ho Chi Minh City and Hanoi, offer support networks for newcomers.

Ecuador

Ecuador offers a diverse landscape and a low cost of living, making it attractive to expatriates. In cities like Cuenca, the average monthly rent for a one-bedroom apartment in the city center is approximately $500. The country’s climate varies by region, with coastal areas experiencing a tropical climate while the highlands enjoy a more temperate climate. Ecuador’s rich biodiversity, affordable healthcare, and use of the U.S. dollar as its official currency adds to its appeal. However, potential downsides include concerns about safety in certain areas and adjusting to a different pace of life. Ecuador’s established expatriate communities support newcomers, particularly in cities like Cuenca and Quito.

Costa Rica

Costa Rica’s stable democracy, natural beauty, and relatively low cost of living have made it a popular destination for American expatriates. In cities like San José, the average monthly rent for a one-bedroom apartment in the city center is approximately $700.

The country’s tropical climate offers warm temperatures year-round, with distinct wet and dry seasons. Costa Rica’s excellent healthcare system, friendly locals, and emphasis on environmental conservation are significant attractions. However, challenges may include a slower pace of life and the need for Spanish language skills. Costa Rica’s well-established expatriate communities, particularly in areas like the Central Valley and coastal regions, offer support networks for newcomers.

I loved Costa Rica and hope to return while traveling the world slowly. The problem I have with Costa Rica is that it has no military. Being an ex-Army wife, I feel slightly disconnected from my country when I spend too much time there. This is just me. The country is one of the most peaceful countries I have ever lived in.  

Panama

Panama’s strategic location, use of the U.S. dollar, and affordable cost of living have made it an attractive destination for American expatriates. Panama City’s average monthly rent for a one-bedroom apartment in the city center is approximately $1,000. The country’s tropical climate features warm temperatures year-round, with a rainy season from May to December. Panama has modern infrastructure and an excellent healthcare system.

Conclusion

It is highly recommended that you stay in your desired retirement destination for one or two months before making any final decisions. This is the key to making the best decision about your retirement.

Keeping your cost of living low when retired

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retired couple cost of living

How to Keep Your Cost of Living Low When Retired
Smart Strategies for a Comfortable and Worry-Free Retirement

Retirement should be a time of peace, reflection, and enjoyment, not a constant struggle to make ends meet. Yet for many retirees, managing a fixed income in a world of rising prices can be daunting. The good news? With the right planning, lifestyle choices, and financial strategies, you can keep your cost of living low and enjoy a fulfilling retirement. Here’s how.

1. Eliminate All Debt Before You Retire

One of the most important things you can do before retiring is to pay off all your major debts. This includes credit cards, car loans, and especially your mortgage. Debt is a drain on your retirement income. Every dollar you spend on interest is a dollar you can’t use for living, travel, or healthcare.

If you’re still a few years away from retirement, focus on becoming debt-free. Consider downsizing to a smaller home or a more affordable location to speed up the process. A debt-free retirement means lower monthly expenses and more financial peace of mind.

2. Keep Your Retirement Fund Safe—But Productive

Retirement savings need to be protected, but that doesn’t mean your money has to sit idle. While you should avoid high-risk investments at this stage, consider low-risk, income-producing assets such as:

  • Dividend-paying stocks or ETFs
  • Municipal bonds or bond funds
  • REITs (Real Estate Investment Trusts)
  • Gold accumulation accounts or stable commodities
  • Short-term real estate platforms like Groundfloor

These options can generate modest but consistent returns, helping your nest egg stretch further. Always speak with a trusted financial advisor to align your risk tolerance with your investment strategy.

3. Diversify Your Nest Egg Into Multiple Income Streams

Putting all your money into a single retirement account can limit your flexibility. Diversifying your sources of income gives you financial resilience. Consider:

  • Social Security or pension payments
  • Rental income from real estate (even if it’s a small studio or Airbnb)
  • Small side businesses or consulting in your area of expertise
  • Royalties or digital products like ebooks or courses
  • Part-time or seasonal remote work

The key is to find income streams that don’t demand too much energy or time. Many retirees supplement their income by monetizing hobbies—woodworking, writing, tutoring, or even creating YouTube content. The blog sponsors a course on Udemy on Where & How to Find Remote Work for Retirees and Ex-pats

4. Adjust Your Budget for Your New Lifestyle

Retirement changes daily habits, and your budget should reflect that. Here are the main areas to focus on:

  • Rent or Mortgage: If you don’t own your home outright, consider relocating to a more affordable region. Downsizing or moving to a retirement-friendly country like Mexico, Portugal, or Vietnam can dramatically reduce housing costs.
  • Food: Shop smart, avoid waste, and often cook at home. Join local co-ops or farmers’ markets where you can save money and eat healthier.
  • Healthcare: Medicare, Medicaid, or a supplemental insurance plan will be necessary. Budget carefully for co-pays, medications, dental, and vision care. Also, consider medical tourism for major procedures, which can cost a fraction of U.S. prices abroad.
  • Entertainment: Look for senior discounts, free community events, or local museums and libraries memberships. Many places offer perks to retirees that can help you enjoy life without breaking the bank.

5. Choose the Right Place to Live

Your retirement location is one of the biggest cost-of-living factors. Where you retire can make the difference between financial stress and financial freedom. Retiring in a major U.S. city may eat up your savings quickly, but relocating to a smaller town or even abroad could slash your expenses in half.

International destinations like Ecuador, Costa Rica, and parts of Southeast Asia offer affordable healthcare, low rent, and vibrant expat communities—all on a modest retirement budget.

6. Monitor and Adjust as Needed

Retirement isn’t a set-it-and-forget-it stage of life. Markets change, inflation rises, and your needs will evolve. Track your spending monthly, review your income annually, and adjust your lifestyle accordingly. This doesn’t mean sacrificing joy—it means being strategic so you can enjoy life even more.

You can use free budgeting apps or a simple spreadsheet to track your fixed and variable expenses. The more clarity you have, the better decisions you’ll make.

7. Don’t Forget the “Soft” Essentials

Keeping your cost of living low is important, but so is protecting your emotional and spiritual well-being. Allocate time and resources for:

  • Fitness and health activities (even walking or stretching)
  • Social interaction and community involvement
  • Travel—even if it’s close to home
  • Learning new skills or hobbies that enrich your life

Retirement isn’t just about stretching your dollars—it’s about creating a meaningful lifestyle that supports your mind, body, and soul.

Final Thoughts

Keeping your cost of living low in retirement is achievable when you plan ahead and live with intention. You can retire with confidence by eliminating debt, protecting your nest egg, diversifying your income, budgeting wisely, and choosing the right location.

It’s not about doing without—it’s about doing smarter. With the right strategy, your golden years can truly shine.

Financial Requirements to Retire in the Dominican Republic

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Financial requirements have much to do with your cost of living when you retire. Most countries have financial requirements that you must meet to qualify to live in a country.

Foreign nationals can apply for the Pensionado (Retiree) or Rentista (Independent Means) residency programs to retire in the Dominican Republic. The Pensionado program requires proof of a stable monthly pension income of at least US$1,500, with an additional US$250 for each dependent. 

The Rentista program is designed for individuals with a consistent passive income of at least US$2,000 per month from sources such as investments or rental properties, also requiring an additional US$250 per dependent.​ Live and Invest Overseas+5IMI Daily+5Unbiased+5migracion.gob.do+9Live and Invest Overseas+9Residencies+9

Applicants must provide several documents, including:​

  • A valid passport with at least one year of validity.​
  • A birth certificate and, if applicable, a marriage certificate, both duly apostilled or legalized.​migracion.gob.do+1drlawyer.com+1
  • A police clearance certificate from the country of residence for the past five years, also apostilled or legalized.​
  • A medical certificate issued by an authorized institution in the Dominican Republic.​
  • Proof of the pension or income source, translated into Spanish and legalized.​IMI Daily+4Unbiased+4drlawyer.com+4
  • A bank letter confirming the existence of a Dominican bank account.​migracion.gob.do+1Residencies+1
  • A guarantee policy contracted with Seguros Reservas, covering the applicant and any dependents.​  migracion.gob.do

Notably, these programs have no minimum age requirement, and applicants can apply directly for permanent residency without first obtaining temporary residency.  ​IMI Daily+3Live and Invest Overseas+3drlawyer.com+3

Financial Incentives:

Under Law 171-07, retirees and rentistas benefit from several tax exemptions, including:​WDALAW+2beachtownproperty.com+2migracion.gob.do+2

  • Exemption from taxes on foreign income, meaning pensions and other income earned abroad are not taxed in the Dominican Republic.​WDALAW+2Alliance Visas+2Unbiased+2
  • 50% exemption on property taxes for the primary residence.​Real Estate DR
  • Exemption from taxes on the importation of household goods and personal effects.​
  • Exemption from taxes on dividends and interest earned both domestically and internationally.​WDALAW

These incentives make the Dominican Republic an attractive destination for retirees seeking to maximize their retirement income.

​

Healthcare and Cost of Living:

The Dominican Republic offers a range of healthcare services, with private clinics and hospitals providing quality care at a fraction of the cost compared to the United States and Europe. Health insurance is recommended and is a requirement for residency applications.  

To better understand the cost of living, read the blog’s article:  It’s Costing More to Retire in the Dominican Republic.

Path to Citizenship:

After maintaining permanent residency for two years, retirees are eligible to apply for Dominican citizenship. Applicants must demonstrate knowledge of Spanish and an understanding of Dominican culture and civics. The country recognizes dual citizenship, allowing retirees to retain their original nationality.​ IMI Daily+1Residencies+1Residencies

In summary, the Dominican Republic provides a favorable environment for retirement, combining legal ease, financial benefits, and a lower cost of living. This makes it an appealing choice for many seeking to enjoy their retirement years abroad.

Retired? Cost of Living Got You Down? 10 Small Biz You Can Start for Under $200

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retired need help with cost of living

Retirement should be a time of relaxation, but rising living costs can make it challenging. If you’re looking to supplement your income without a hefty investment, there are several online business opportunities you can start for under $200. These ventures are ideal for retirees seeking flexible, home-based work that leverages their skills and experiences.

Affordable Online Business Ideas:

  1. Freelance Writing or Editing: Utilize your writing skills to create content for blogs, websites, or publications.
  2. Virtual Assistance: Offer administrative support to businesses remotely, handling tasks like email management and scheduling.
  3. Online Tutoring: Teach subjects you’re proficient in to students worldwide via video conferencing platforms.
  4. Handmade Crafts or Art: Sell your creations on platforms like Etsy, turning hobbies into income. (17 of The Best Online Businesses to Start: No Money Required)
  5. Affiliate Marketing: Promote products online and earn commissions for sales generated through your referral links. (Top 10 Online Business Ideas for 2023! How to Make $10,000+/mo)
  6. Print-on-Demand Merchandise: Design graphics for t-shirts, mugs, and more, selling them through print-on-demand services without holding inventory.
  7. Blogging or Vlogging: Share your knowledge or experiences on a blog or YouTube channel, monetizing through ads and sponsorships.
  8. Social Media Management: Help businesses grow their online presence by managing their social media accounts.
  9. Online Courses: Create and sell courses on topics you’re knowledgeable about using platforms like Udemy or Teachable. (17 of The Best Online Businesses to Start: No Money Required)
  10. Pet Services: Offer pet sitting, dog walking, or grooming services in your community. (12 Small Business Ideas You Can Start for Less Than $500)

These business ideas require minimal startup costs and can be tailored to fit your schedule and interests. By leveraging your existing skills and passions, you can create a sustainable income stream that enhances your retirement lifestyle.

Getting Started:

  • Identify Your Strengths: Assess your skills and interests to choose a business that aligns with them.
  • Research the Market: Understand the demand for your chosen service or product.
  • Set Up Online Profiles: Create profiles on relevant platforms (e.g., Upwork, Etsy, or social media) to reach potential clients or customers.
  • Start Small: Begin with a manageable workload to test the waters and adjust as needed.

Embarking on a new business venture can be both exciting and rewarding. With dedication and the right approach, you can learn how others have boosted their income while retired.

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