“I am looking for more information on retiring in Ecuador. My husband and I are on a fixed income and looking for a way to make our retirement go a bit further! We’d prefer a very small town over the hustle and bustle of a city, and either beach or mountains is fine but we don’t want to be somewhere where it is rainy all the time. Any information that you can send our way would be greatly appreciated.”
— Andi R., United States
Latin America Correspondent Lee Harrison replies:
“If I had to pick a place in Ecuador to match your criteria, it would be Vilcabamba. It sits at 1,500 meters above sea level (5,000 feet), so it has days in the high 70s and nights in the 60s just about all year. It’s a small town, in a rural area in the southern part of the country.
“I have a close friend who lives there, whose expense budget is less than US$600 per month, all included (he owns his house).
“If you’d prefer a cooler climate, think about Cotacachi, north of Quito. I know of a couple who lives there on a US$700-per-month budget, including their rent. Cotacachi is at a higher elevation than Vilcabamba, it’s a somewhat bigger city, and it boasts somewhat cooler, spring-like weather all year.
“Both locations have existing expat communities. “Cuenca also has a large expat community and offers many big-city amenities and niceties. But I’d allow in excess of US$1,200 per month to live there, partly because there’s so much more to do.”
As I mentioned yesterday, with Lee’s help we’ve been working for the past couple of months to put together an all-new Live and Invest in Ecuador Conference program, Feb. 13-15, 2013.