Baltimore, MD (PRWEB) December 18, 2012
American couples can retire in comfort on a budget of less than $1,000 a month if they are willing to look overseas, according to a new report from the live-abroad experts at InternationalLiving.com.
Researchers at InternationalLiving.com surveyed their worldwide network of editors and contributors to establish which country offered the best quality of life at the lowest price.
Each editor sent in details of their personal monthly budgets, which included expenses like rent, health care, groceries, utilities and the cost of having a maid. The budget information was then used to compile a list of the five cheapest overseas retirement destinations.
Nicaragua tops the list, regarded as one of the most beautiful countries in the Americas, where a couple can live comfortably on $995 a month.
“Nicaragua’s lower cost of living doesn’t mean you have to sacrifice the quality of life you have been accustomed to in the U.S. or Canada,” explained InternationalLiving.com’s Dan Prescher.
“In fact, you will probably be able to live in Nicaragua with even more luxuries than you are accustomed to, simply because the prices are so economical.”
In second place was Malaysia, in which a couple can live well on a budget of $1,076. “A monthly budget of $2,000 will have two people living in luxury in Malaysia,” said Prescher.
Ecuador meanwhile, where a couple can live well on a monthly budget of $1,415, came in third.
“The low cost of living in Ecuador means retirees can afford to travel, take up new hobbies and generally enjoy a better quality of life,” explained Prescher. “Ecuador offers something for everyone, and at prices unheard of in North America and Europe.”
Panama came in fourth, with a budget of $1,865, while InternationalLiving.com’s Mexico editor reported a monthly budget totaling $2,129, which included a maid visiting three times a week, and a gardener once a week.
To read InternationalLiving.com’s full article, see here. “Cost of Living Overseas”.
A full infographic is also available, see here: “Cheapest 5 Countries to Retire Comfortably”.
Editor’s Note: Members of the media have full permission to reproduce the article linked above and/or the infographic, once credit is given to InternationalLiving.com.
Media Contact: For information about InternationalLiving.com content republishing, available source material or to book an interview with one of our experts, contact Associate Editor Carol Barron, 772-678-0287 (US), CBarron(at)InternationalLiving.com or visit the Media Center . For automatic updates on the most current stories, follow International Living Media on Twitter.
For more than 30 years, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.