Best cities to retire on 2000 a month
Here are ten affordable countries where you can live the good life for just $2,000 per month. The best cities to retire on 2000 dollar a month are Kuala Selangor (Malaysia), Panama City (Panama), Rome (Italy), Pasto (Colombia), Puerto Vallarta (Mexico), Bangkok (Thailand), Liberia (Costa Rica), Don Ostia-San Sabastian (Spain), Manta (Ecuador), and Lisbon (Portugal). The cost of housing, groceries, healthcare, and overall liveability should all be taken into account when choosing a city for retirement. There are usually not many safe, comfortable, or cheapest countries in the world. Instead of focusing on safety, affordability, quality health care, visa requirements, and climate, these countries emphasize a balance of all these factors.
Here are the top 5 cities where $2000 will get you comfortably
Kuala Selangor, Malaysia:
Kuala Selangor Malaysia, renowned for its pristine white sand beaches, is the first Asian country on the list with approximately 880 islands. Unblemished rainforests also provide fun outdoor adventures, allowing divers and sailors to enjoy water sports. The Malaysian healthcare system is highly developed. Increasing numbers of people are traveling there for medical treatment.
The average American spending on health care is an eighth of what ex-pats in the country can expect. Additionally, foreign earned income is not taxed in Malaysia. Expats who live in this place are able to access all of Asia and Australia despite its distance from the U.S. The cost of living in Malaysia is 46.3% lower than in the U.S., except for rent. There is a 75% reduction in rent.
Panama City:
By far, Panama isn’t the cheapest country. There are still many benefits for U.S. ex-pats living here. American and Canadian citizens have access to extremely friendly and welcoming visa and residency programs. An American with a pension income of at least $1,000 may qualify for a pensioner visa.
The residency requirements for Americans are $5,000 in bank accounts, a job in Panama, or investment in real estate valued at $10,000. Tropical climates, although outside hurricane belts, make Panama an ideal destination. In addition, Panama City is a short, easy flight from the U.S. to Latin America. Money made outside Panama’s borders isn’t taxed, which is another huge perk of living there. No matter what your circumstances are, you are not subject to income taxes in your adopted country, regardless of whether you are a digital nomad or retiree.
Rome, Italy:
Getting away from major cities and touristy areas, you can enjoy Italy’s laid-back lifestyle, rich art, and history, world-class cuisine, and wine. As Italy struggles to combat declines in its population, the visa process is one of the easiest in Europe for Americans. A direct ancestor’s birth in Italy is sufficient proof to acquire Italian citizenship. The travel magazine Departures lists some towns that offer 1 euro for the sale of houses (check out their list).
According to CNN, some families have been willing to pay over $10,000 for their children or to pay foreigners over $1,000 to move there. The health care system in Italy isn’t as strong as in Central America, where hospitals and health care companies are closely affiliated with the U.S. A third of the average American’s health care costs are covered by both public and private insurance.
Pasto, Colombia:
This beautiful city has lush rainforests, beach-lined coasts, and sweeping mountains, making it one of the most biodiverse countries in the world. As well as modernizing its health care system, Colombians are able to provide affordable and high-quality care for their citizens.
Colombia spends roughly a tenth of what America does on health care per person. Despite Colombia’s tax-free status, worldwide income is subject to income taxes. A country worse than the United States on the Global Peace Index is this one. However, Colombia offers lower living costs and lower rents than the United States.
Puerto Vallarta, Mexico:
In the United States, Mexico is sometimes viewed negatively. As a result of its stunning beaches, rich culture, colonial cities, low living costs, and easy access to the U.S., Mexico is becoming an ex-pat mecca. Some cities and regions are witnessing a boom in American, Canadian, and European expatriates. Expatriates prefer Seguro Popular, which may only cost a few hundred dollars per year for health insurance, which is a choice among two national health plans. Mexican residents who receive foreign income, such as from the United States, are however subject to income taxes.
South America, Asia, and Europe all offer high-quality, low-cost lifestyle options to Americans. The overwhelming thought of moving overseas does not seriously appeal to most Americans and they never seriously consider it. Americans can tell you what it’s like to live in the country behind the tourist curtain. Both ex-pat and local communities will welcome you warmly, making living in these countries easy for Americans.
