Living out your golden years near beautiful beaches in warm sunshine doesn’t have to devour all your savings. In fact, you can retire to some countries with well under $100,000 in the bank.
We’ve looked at a wide range of data to find the places with the most affordable food, health care, rents and more. You’ll pay far less for your living costs, while enjoying many of the same — or better — amenities that you’d get by retiring in the U.S.
Ranked in no particular order, here are our picks for places where you could retire on less than $100,000. You’ll find reasonable costs, friendly people, comfortable lifestyles, and views that are often spectacular.
Colombia
Thanks to its lush, green jungles, snow-capped mountains and exquisite beaches, Colombia has quickly become a popular retirement destination for Americans.
Don’t miss the Feria de las Flores (flower festival) in August, hosted in Medellin, or the mud baths at El Totumo.
The low costs are a major attraction, too. A couple could retire in Medellin — the nation’s second-largest city, near the Andes Mountains — for just $2,000 a month, or $24,000 per year. A nice meal for two could cost less than $20, and basic monthly utilities in Medellin can go for around $55.
Utility costs vary throughout Colombia, depending on where you live. Residents of lower-income neighborhoods typically pay less for water and electricity than those in higher-income areas.
How to retire to Colombia
Colombia’s pensionado retirement visa requires proof of monthly income of at least three times the minimum salary in Colombia, which is currently around $750 a month. A spouse can be included in your visa as a dependent.
You can apply for the visa online, or through a Colombian embassy or consulate in the U.S.
The visa will need to be renewed each year for the first five years. Then, you’re eligible for a resident visa, which can be renewed every five years.
You might put aside more money for your retirement with help from an app that rounds up your everyday purchases — so you can invest and grow your spare change.
Twenty-five years ago, Time magazine dubbed Colombia’s Medellin “the most dangerous city on earth”. Drug lords lived like princes, judges and policeman were regularly assassinated, paramilitaries invaded neighbourhoods and ordinary people disappeared overnight without trace.
Even 10 years ago, Medellin was a “bad-ass town”. Violence reigned, civil society had been destroyed and no one seemed to know how to put Medellin back together again.
Fast-forward to the present, and Medellin is a delightful place of law-abiding entrepreneurial folk. With an economy that is among the fastest growing on the continent, it is one of the great success stories of Latin America.
In 2013, Medellin was hailed as “the most innovative city in the world” by the Urban Land Institute, brimming with creative ideas for urban living, like the eco-árbol, a tree-like structure that acts as an air-purifier, and the spectacular Orquideorama for growing orchids. In Barefoot Park, where passers-by are encouraged to discard their shoes to wriggle their toes in pebbles, mud, and soft grass before finally soaking their feet in pools of water, I asked my guide, Julian, what had happened, how Medellin had gone from gangs and gunfire to zen-like experiences for bare feet.
“Public transport,” he said. It was a moment before I realised he was serious.
“Don’t laugh,” he chided me. “The metro was the beginning of all the good stuff. It was like a bridge to a different world. We suddenly realised that things could change. It was the beginning of a revolution in Medellin.”
Traditionally, Colombia’s second city had a reputation as a savvy and entrepreneurial place. But in the Eighties and Nineties those business smarts made Medellin the leading supplier for America’s cocaine habit. At the head of its drug operations was Pablo Escobar, king of cocaine lords, who would eventually be gunned down by American-funded paramilitaries on a Medellin rooftop in 1993. It was also one of the front lines in the battle between the government and Farc, Colombia’s guerrilla movement. Medellin became the world’s murder capital.
So many people in this city have suffered, and Julian was one of them. His father had been left close to death in a shooting when Julian was eight. Several of his closest friends never made it to adulthood. There were moments when he talked of his own experiences, of the friends he had lost, when he needed to stop and compose himself. Tears were never far away.
Medellin’s pain has its own monument – the Casa de la Memoria, the House of Memories. On the interactive walls are digital timelines with documents, newspaper reports, and film clips. Most moving of all are the dignified video testimonies of people’s experiences, of years spent searching for lost sons and husbands, of time spent fighting for the return of a box of ashes.
It was the sheer scale of the suffering eventually that drove ordinary people to reclaim their city from the guerrillas and the drug lords. Medellin’s transformation, of course, is part of a larger national revival. After decades of civil war, Colombia has been born again.
Young people who went abroad for education and for work in the bad years have come home in droves, bearing an international sophistication and an entrepreneurial energy. But in Medellin – where public projects helped instil a sense of pride and where ordinary private individuals simply turned their backs on the old ways – the renaissance has been more dramatic than anywhere else in the country.
Today Medellin feels new-born. It helps that the setting is gorgeous. The city lies in a long valley between two Andean mountain ridges. Capital of Antioquia province, a fertile region famous for its coffee plantations and its flower farms, for its orchids and butterflies, it is known as the City of Eternal Spring for its idyllic climate. Everywhere you turn there seem to be new things happening.
I was wowed by the wide modern esplanades of the Parque de los Desos, the Park of Wishes, like an upgrade of London’s South Bank Centre with cafés and restaurants, lively concert halls and an interactive museum, the city’s university, a modern library and an open-air cinema. In the Museo de Arte Moderno or MAMM, I headed for the new galleries of Colombian artists. In the botanical garden I followed boardwalks through tropical rainforest laced with orchids and bamboo into secret corners of birdsong and green shadows.
At the metro, Julian was gratified by how impressed I was by the modernity and the cleanliness. He said the system had been rated as one of the best in the world.
“I know it must seem strange but when the metro was constructed in 1994, it was the first positive thing that had happened in this city for decades,” Julian said. “It gave us confidence. With this metro, we suddenly realised things could be different, that progress and change were possible. In 1994, we needed to be shown that.”
He went on: “And suddenly it was easier to get around the city. People got out of their barrios, their neighbourhoods. They went to work in different places from where they lived. The metro became a vast bridge, joining disparate parts of the city. People mixed. They looked outward. It may be just a metro – but it changed the psychology of the city.”
We hopped off at the Plazoleta de las Esculturas, a grand central square with 23 large bronze sculptures by Fernando Botero, Latin America’s most famous artist, and Medellin’s most famous son. Botero is the Beryl Cook of Latin America. His figures are exaggerated and oversized and fun, and the whole square – promenading couples, strolling families, old people on benches – was infected by their playful character.
Nearby in Parque Berrio, the first square in the city, old men were strumming guitars in the gathering dusk while young girls promenaded arm in arm.
We followed the crowds into the great Basilica de la Candelaria where parishioners knelt in incense-laden candlelight with their guilt and their griefs. The organist began to play a Bach fugue, the notes echoing into the great vaults of the roof. Like some echo of Fitzcarraldo, the great organ had been transported here from Germany a couple of centuries ago, coming up the Rio Magdalena from the Caribbean coast and then across the Andes in pieces on horseback.
They could have done with cable cars. They are the best part of Medellin’s new transport system. Connecting to the metro, the cable cars are the answer to the steep streets of the labyrinthine barrios that climb the mountain sides above the city centre. They carry passengers aloft above the rooftops and the congested lanes in glass pods.
Riding above the city, enjoying the views of the valley and the mountains above, passengers relax, conversations start, jokes are made. People shake hands as they disembark, having made new friends. When we took the car up to Santo Dominigo, it was ten minutes of pleasure rather the hectic stressed hour it used to take.
Pablo Escobar’s own neighbourhood, Santa Domingo had been one of the worst barrios in the city. But on a scale of one to ten, the sense of threat now feels like minus 8. Like a wide balcony over the city, the piazza by the metrocable interchange was full of families – cycling children and gossiping parents. Street stalls, swathed in smoke, served empanadas and roast chicken. A busker played a tango on a battered violin, and a 12-year-old told me his dreams of playing for Barcelona.
A huge new library and community centre – the Parque Biblioteca España – has helped the neighbourhood’s transform its sense of its self. Just beneath the library, on steep slopes of crowded housing, the architect constructed a bamboo bridge between two warring neighbourhoods. People said it was madness; they will kill each other. The opposite happened; they got to know one another.
One of Medellin’s cable cars – the Linea L – escapes the bounds of the city altogether, rising over the top of the mountain ridge then sailing across the open spaces of Parque Arvi, Medellin’s own nature reserve, where a skein of hiking trails amble among woods and heathlands and lakes. To the south lay the green rolling hills of the Zona Cafetera with its coffee plantations and homestays and the world’s best Arabica beans.
West of the city lies its charming predecessor, Santa Fe de Antioquia, enjoying a sleepy retirement like an ageing relation. Santa Fe was the original provincial capital founded in the 16th century by Spanish Conquistadors. It remains a glorious colonial town of cobbled streets and tree-shaded squares, of baroque churches and white-washed one-storey houses whose clocks all seemed to have stopped at the moment in 1826 when the provincial government moved to Medellin.
In a square in front of the Jesuit church of Santa Barbara, where slaves where once assessed and sold, I found two elderly gentlemen bent over their atelier workbenches, creating ravishing filigree jewellery, part of a tradition in these parts that is far older the Spanish Conquest.
When they lifted their heads to say hello, the lamplight fell on long sad faces with white moustaches and rheumy eyes. Like the quiet cobbled square, like the houses with their gracious courtyards, they seemed to have stepped out of another world, another century.
On my last night in Medellin I pitched up at Eslabon Prendido, a pop-up salsa joint. At one end of a long narrow room the band was weaving salsa’s complex driving rhythms while at the other end a couple of barmen were serving a stream of cold beers. The place was packed.
There seemed to every type here, from truck drivers to hipsters, from women with heels and cleavage to willowy tattooed bohemians. Everyone was in thrall to the music, infected by the fever of salsa.
If I have made Medellin sound a dull goody two shoes, orderly as a Swiss picnic, I have done it a disservice. Let the salsa joint remind us that this is Colombia – sexy, passionate, tempestuous, and with astonishingly beautiful people.
The horn section wailed, and a packed floor of dancers, intense and sweaty, surfed through the music. The place crackled with erotic electricity.
This too was Medellin. The metro might be squeaky clean but the salsa, happily, was as dirty as ever.
Twenty-five years ago, Time magazine dubbed Colombia’s Medellin “the most dangerous city on Earth”. Drug lords lived like princes, judges and policeman were regularly assassinated, paramilitaries invaded neighbourhoods and ordinary people disappeared overnight without trace. Even 10 years ago, Medellin was a “bad-ass town”. Violence reigned, civil society had been destroyed and no one seemed to know how to put Medellin back together again.
Fast-forward to the present, and Medellin is a delightful place of law-abiding entrepreneurial folk. With an economy that is among the fastest-growing on the continent, it is one of the great success stories of Latin America.
In 2013, Medellin was hailed as “the most innovative city in the world” by the Urban Land Institute, brimming with creative ideas for urban living, like the eco-arbol, a treelike structure that acts as an air-purifier, and the spectacular Orquideorama for growing orchids. In Barefoot Park, where passers-by are encouraged to discard their shoes to wriggle their toes in pebbles, mud, and soft grass before finally soaking their feet in pools of water, I asked my guide, Julian, what had happened, how Medellin had gone from gangs and gunfire to Zen-like experiences for bare feet.
“Public transport,” he said. It was a moment before I realised he was serious. “Don’t laugh,” he chided me. “The metro was the beginning of all the good stuff. It was like a bridge to a different world. We suddenly realised that things could change. It was the beginning of a revolution in Medellin.”
The title of this article is from a Colombian series filmed in the city of Medellín.
So what does a series like this have to do with living in Medellín? First, for those who have never visited the city and are thinking of relocating or retiring there, the series has many good views of the city. This especially useful now that it is almost impossible to travel due to the pandemic.
Places like the Botanical Gardens, downtown, the comunas (districts which contain neighborhoods), Poblado (the upper strata with its highrises), the main highways and more are pictured in this series.
Viewers can also catch some aspects of the city’s culture, music scene and people.
The series will expose viewers to Medellín’s unique Spanish dialect since it can be watched in Spanish with English subtitles. Only native Spanish speakers or advanced Spanish students will be able to decipher el habla (speech) of Medellín’s people. While I am on the subject, learning a minimun of survival Spanish is of paramount importance for anyone wanting to relocate to the city. English-speaking locals are few and far between.
The city’s spring like climate, first-world infrastructure, friendly people (paisas as they are called), growing expat community and above all its affordability are the most important factors when thinking about relocating there.
In additon to this series, there are also excellent videos on youtube which have many scenes of daily life in the city.
Understanding one of Colombia’s most famous slang terms
One of the most famous Colombian slang words, especially in Medellin and nearby areas, is “parce”, or “parcero/a”; a word whose meaning is roughly like “dude”, “bro” or “mate” in English (it’s not 100% equivalent though as “parce” can be used for both men and women).
It is a word which you’ll hear in near enough every informal conversation between young(ish) Colombians, and is especially popular among guys. Less commonly, you might come across “parcerito”; the diminutive version, which sounds a little too cutsie for most people’s taste.
Origins of “Parcero”
As with all slang terms, there are hundreds of different versions of where they originally came from.
One of the more convincing in this case, is that “parcero” first came from the word “aparcero” – the term used for a person who held a stake in a community plot of land (or “parcela“). Back in the day, the fortunes of those working on these shared plots – the only source of food and income –, would be very closely interlinked.
Thus, your fellow “aparcero” would become someone you relied upon, worked closely with, and hopefully, shared some good times. It’s easy to see then how this later mutated to become your “friend” in modern Colombian conversation.
Modern Meanings of Parcero
Anyway, enough of the history lesson. Let’s take a look at some examples of how “parce” and “parcero” are used today. Remember that “parce” should be pronounced similar to the English “par-say” (though make sure to give it a bit of a Latin spin when you say it).
Use #1: Addressing Your Friend
This is the most common usage of “parce”: to directly address your friend or to get his/her attention. A few sample sentences of this:
¿Qué más parce?
Greetings don’t get much more Colombian than this. “¿Qué más parce?” means “how’s it going dude?”, “how you doing buddy?”, “what’s up man?” – something in that line.
Ey parce, ¿adónde vas?
Imagine you’re walking to your favourite bar in town with a friend. He takes a wrong turn down a street so you shout out to him: “ey parce, ¿adónde vas?” – “hey man, where ya going?”.
¡Qué pereza parce!
”That’s such a pain man!”; “what a drag bro!”.
Use #2: To Refer to Your Friend(s)
”Parce”, or “parcero/a”, is not only used to directly address your friend. Colombians also use it when talking about their buddies:
Son unos parceros míos
A Colombian way to say “they’re friends of mine” / “they’re my buddies”.
Similarly, you might see a photo of a big group of friends together on Facebook or wherever, which has been titled simply “los parceros”. This would be something like putting “with my friends” or “the gang” in English.
Use #3: Describing Personal Qualities
A final use of the term “parcero” is as a local equivalent of “amiguero” or “friendly” / “someone who has a lot of friends”.
So, you might be in a conversation with a friend and they’re talking about a third person, who you don’t know. Your friend thinks this other guy is great and says to you:
Él es muy parcero
In other words, “he’s very friendly” or just “he’s a real good guy”. High praise indeed.
Pablo Escobar’s former right-hand man has been deported from a US prison to Germany. The Colombian-German national revolutionized cocaine smuggling — and his life is more unbelievable than the most gripping telenovela.
(QREPORTS) Sex, drugs and rock’n’roll: even “Crazy Charlie’s” last day of freedom was like a movie. It was 1987. Carlos Lehder Rivas was at a Medellin Cartel party, snorting cocaine and amusing himself in the company of a prostitute when one of Pablo Escobar’s hitmen had the temerity to knock on the door.
Lehder didn’t think twice. He shot the man, who also happened to be one of the woman’s lovers. Gunshots, screams and a dead body in the middle of a fiesta with blaring salsa music; the Netflix series Narcos is a harmless joke when compared to the reality in Colombia at the time.
Lehder apologized to Escobar, the body was disposed of and, of course, the party went on. But while Lehder, a Colombian-German national, thought the party would never end, drug lord Escobar had come to a different conclusion that night.
In the end, there is nothing more dangerous than a crazy dealer whose escapades threaten to bring down the entire operation. The day after the party, Escobar sent Lehder to a secret hiding place, promising him he would be safe there — then he ratted him out to US authorities.
Pablo Escobar drops his right-hand man
Escobar penned an open letter vehemently denying any involvement in his business partner’s arrest. Still, Lehder’s stock had fallen dramatically with his boss. What is more surprising is that Escobar didn’t simply have him quietly knocked off — as he had so many others.
For most “narcotraficantes” — or “drug traffickers” — life generally holds one of two possible fates: death, like Escobar’s at the hands of US and Colombian special agents during a raid in Medellin in 1993; or prison in the US, like Carlos Lehder. At the time, Lehder’s 1988 trial was the biggest court case against a foreign drug smuggler in US history.
The court sentenced Lehder to life in prison without parole. For good measure, it added another 134 years for allegedly flooding US streets with 2,000 kilos (4,409 pounds) of cocaine. As serious as the charges against him were, prosecutors often spoke of his skills with admiration, comparing his smuggling system to Henry Ford’s automated assembly line.
Carve your pumpkins, hang the cobwebs, buy the candy, and prep your outfit – it’s October 31st and time to celebrate all things spooky. In Colombia, the day is also known as Noche de Brujas (‘Witches’ Night’ in English) and follows most of the traditions used in America. While Medellín’s version of the holiday isn’t quite as grand as in the US, there are a few special events that take place across the city in honor of the dead-fest. Here’s how to celebrate Halloween in Medellín for both kids and adults.
Activities for kids & families
Trick-or-treat through the city
Naturally, one of the biggest goals on Halloween is to get as much as candy as possible. For kids (and adults, depending on your embarrassment threshold), trick-or-treating is the main event on the night of the 31st. Whereas in North America and Europe, people go from door to door asking for sweets, in Colombia, they go to shopping malls and candy stores. Expect most of the malls in Medellín to be dotted with small witches, devils, ghosts, and ghouls asking for treats and singing this song:
Triqui Triqui Halloween Quiero dulces para mi Si no hay dulces para mi Se le crece la nariz.
Tricky Tricky Halloween I want candy for me If there is no candy for me Your nose will grow.
Arts & crafts at Parque Explora
If you’re looking to get creative on Halloween, Parque Explora’s Hack-lloween event is a full afternoon of cool activities. From costume-design and zombie makeup to creating electronic masks and monster robots, the different workshops take place Wednesday 30th from 2 pm until 6 pm in Taller Central. All the classes are suitable for children aged 8 and above and are a fantastic way to prepare for a night of thrills.
Dog costume competition in Ciudad del Río
Paisas love their pooches, so it’s no surprise that Halloween is seized as an opportunity to get their four-legged friends involved. On October 20th, at the skate park in Ciudad del Río, pets don their Halloween costumes and compete for the prize of best dressed. The competition is hosted by the Siberian Husky and Alaskan Malamute Club but dogs of all breeds are welcome to join. Whether you have a budding furry contender or just want to witness the cuteness unfold, arrive with a camera at 9 am.
Participants must sign up with their perro in advance; tickets are $25,000 COP and include entrance to all the activities, as well as snacks for dogs and humans.
Activities for adults
Go Colombian at Andres Carne de Res
An iconic bar and restaurant in Colombia, Andres Carne de Res is famous for its steaks, bizarre décor, and over-the-top parties. If you’re looking for a fonda-style Halloween combined with hearty Paisa food, this is the place. Come Halloween, Andres Carne de Res is a mixture of all things weird and wonderful – we’re talking heavy decorations, bright lights, and a variety of outrageous costumes. The chain usually has a theme for Halloween, so be sure to check beforehand what 2019’s event has in store.
Party in Parque Lleras
Arguably the place to be come nightfall on Halloween, Parque Lleras is located in the heart of the El Poblado neighborhood and is known for its vibrant nightlife. The square is surrounded by multiple bars and clubs playing pounding reggaetón and spilling people out onto the streets.
On October 31st, most of the venues have themed nights or offers on drinks and entry, plus costume competitions. To soak in the most impressive outfits in the city, Parque Lleras is the main stage. Foreigners and locals alike flock here but it’s typically Paisas that win in terms of commitment – expect to see celebrities, zombies, and clowns ready to rumbear.
Salsa at Dancefree
Ready to get sweaty on Halloween? Head over to the Dancefree studio on November 2nd and put your footwork to the test. Whether you’re an experienced dancer or a newcomer, Dancefree’s events are ideal to learn steps quickly and make some sultry new friends. Complete with live music and different dance classes, as well as an open bar for rum and Aguardiente, the night is a wholly Latin experience. The event begins at 9 pm and runs until 4 am. Admission is $20,000 COP and can be paid on the door.
Anyone who relocates abroad should make an effort to learn the language of their new country. Spanish is very important when relocating to Colombia since not many people speak English. So, expats should at least have a survival level knowledge of Spanish to handle most of the daily situation that they will face.
Learning about the culture and history of their new country is also important for expats. Reading books like “The Essential Guide to the Customs and Culture of Colombia,” is of paramount importance for understanding the many cultural nuances.
In short, learning the language and about the culture will help expats adapt and fit in better.
There is really good series on Netflix called, “Bolivar.” It is biographical television series based on the life of the liberator Simón Bolívar.
For those who do not know, Simón Bolívar was a Venezuelan military and political leader. For a few years he was even president of Gran Colombia, a country that no longer exists.
He was born in Caracas, Venezuela. He is considered to be one of the most illustrious leaders in history and often called the” George Washington” of South America. He liberated many countries from the oppression of the Spanish. Those countries included Venezuela, Colombia, Ecuador Peru and Bolivia. In fact, Bolivia was named after him.
Almost every Colombian town has a Plaza Simón Bolívar or Parque Bolívar like the one in downtown Medellín. The park in Medellín has a giant statue of Bolívar on his white horse like many other parks in in the rest of Latin America and in other parts of the world. For example, there is even famous statue of Bolívar on his horse in New York City.
“Narcos” is an excellent Colombian series on Netflix that depicts Medellín’s darkest days in the 1980s and 1990s. Nevertheless, it of historical importance and should be viewed.
In the past the image of cocaine, Pablo Escobar and guerrilla warfare were synonymous with Colombia. In fact, in the 1990s Medellín, Colombia had the dubious distinction of being the ‘murder capital of the world.” Now everything is changing. Medellín has become one of the world’s emerging cities and the cradle of much of Colombia’s culture. Expats young and old are now discovering this wonderful city. Other cities like Cartagena and Bogotá are experience a resurgence.
Yesterday (July 28, 2019) something happen to help Colombia’s to really improve Colombia’s image and put the country in the international spotlighting a positive way. Colombia’s Egan Bernal became the first Colombian to win the prestigious Tour de France, the most prestigious bicycle race in the world.
Born in the thin air of Zipaquirá (alt. 2,650m), a small city north of Bogota known for its salt mines, Bernal was destined to climb. He began riding a mountain bike at seven years old, and it was in that discipline that he thrived as a junior, winning world silver and bronze in 2014 and 2015.Bernal finished 15th at last year’s Tour.
Cycling is huge in Colombia, a country with a long and rich association with the Tour, from Luis ‘El Jardinerito‘ Herrera in the 1980s to Nairo Quintana, who has twice finished runner-up in recent years.
In deed, Colombian now has something to celebrate as it emerges from its dark past.
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