Most affordable cities to retire abroad in

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Kathleen Peddicord, author and publisher of Live and Invest Overseas, has created an overseas retirement index that identified 21 of the world’s best places to enjoy retirement.

Retire AbroadThe index is based on 12 categories that include, in addition to cost of living, climate, English spoken, entertainment, environmental conditions, existing expat community, health care, infrastructure, real estate, residency options, safety and taxes.

The top 5 destinations for retirement are:

Cebu, Philippines

The city offers amenities that can’t be found in the smaller towns and villages, and there are several colleges and universities in Cebu offering courses in English

Chiang Mai, Thailand

Affordable housing options, modern infrastructure, and first-class medical facilities in a country known for medical tourism.

Cuenca, Ecuador

The cheapest country in Latin America that offers a low cost of living, low real estate price, a rich quality of life and a thriving expat community.

Granada, Nicaragua

Retirees can live well in Nicaragua’s most charming colonial city on less than $1,000 per month. Grenada is a little city with a long history where you can travel around by horse-drawn carriage and pass the balmy afternoons in a rocking chair on the wide front porch of the historic Alhambra Hotel overlooking the always-busy central square.

Medellin, Colombia

Medellin has a great deal to recommend it, including: a temperate climate year-round, a great diversity of cultural and recreational offerings, infrastructure that works, and a very affordable cost of living.

Source: http://www.marketwatch.com/story/most-affordable-cities-to-retire-abroad-in-2013-07-12

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