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    Super Cheap

    • Chitré, Panama
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    Cheap

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    • Kyrenia, Cyprus
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    • Pisa, Italy
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    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

        Upcoming Events

        • Explore Our Events Site

        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
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        LEARN MORE
        PRE-REGISTER
        LEARN MORE
        PRE-REGISTER
        • MORE EVENTS

        Contact Our Events Team

        Toll-Free U.S. and Canada:
        1 (888) 627 8834
        From Outside North America:
        1 (443) 599 1221
        Working Hours
        Monday – Friday 08:00 am – 17:00 pm EST.

        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

        Unlock The World

        • Access Your Library

        Overseas Havens Reports

        • Expats' comprehensive destination guides

        Conference Kits

        • Hours of coverage  from our latests conferences

        Lahardan Books

        • Titles on living and investing around the world
        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

      • My Library
      Live and Invest Overseas
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        Home Retirement/Living

        Live And Invest In Medellin, Colombia

        Cost Of Living Loophole Gifts You A Euro-Chic Lifestyle On $998 A Month

        by Kathleen Peddicord
        Jan 26, 2022
        in Retirement/Living
        0 0
        Rooftop of the Inntu Hotel in Laureles, Medellin

        Adobe Stock/KIKE CALVO

        The first place I ever recommended Americans think about retiring overseas was Costa Rica. That was back in 1985.

        A few years later I organized and promoted the first conference of my career, in San Jose.

        Thinking back, I have to give it to the 40-odd souls who joined me in Costa Rica that year. What interrogations they must have endured from their family and friends.

        I mean, who retired overseas 35 years ago?

        I continued to recommend Costa Rica as an appealing and affordable place to retire outside the box for two decades.

        In that time, I also went on to recommend Ambergris Caye, Belize… Roatan, Honduras… Cuenca, Ecuador… and Boquete, Panama, among other places that, likewise, nobody else at the time was talking about in this way.

        I’m not overstating things. When I began making these kinds of suggestions, I was sometimes met with suspicion… sometimes ignored… now and then even attacked as part of the lunatic fringe.

        Today the idea of retiring outside the country where you happened to have been living up until that point is no longer considered crazy. Today The New York Times, USA Today, the AARP, cable news, and the rest of the mainstream media make these recommendations, too.

        It’s nice now to have company.

        About 12 years ago, I made perhaps the boldest recommendation of my career.

        Friends had been nagging me to go see for myself a city they knew well… a city they described as pretty and pleasant, sophisticated and chic, welcoming and affordable… a city that was, most of all, they assured me, nothing like what I was probably expecting.

        I knew within hours of arriving in Medellín, Colombia, that everything my friends had said was true.

        Medellín, I became convinced very quickly, was on track to become one of the world’s most sought-after destinations, for both retiring and investing.

        Specifically, Medellín offers:

        • Pleasant weather, meaning you can leave your windows open to the breeze and dine al fresco year-round and no heating or air conditioning bills ever…
        • World-class health care, including 8 of the top 35 hospitals in Latin America…
        • A rich cultural scene, with theater, orchestra, art galleries, and festivals that draw crowds from around the world…
        • An affordable cost of living…
        • Real-world infrastructure… living here you don’t want for anything…
        • Property costs that are a bargain, especially if you’re shopping with U.S. dollars, which are at historic highs versus the Colombian peso…
        • Investment upside, both in the form of rental yields and potential capital appreciation…
        Start Your New Life Overseas Today!
        Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In 2025.
        We Value Your Privacy! We will not share your email address with anyone else, period.

        A Lifestyle And Investment Market

        Botero Square and Palace of Culture, Medellin, Colombia
        Adobe Stock/diegograndi

        The best case when going overseas is when you can identify a place that is appealing both as a lifestyle choice and as an investment market. That’s the case in Medellín.

        During one of my first visits to this city, I sat at a table in a newly opened restaurant. I was with a group of investors and businesspeople who, like me, had come to explore investment potential. The conversation went like this…

        “Property values in this city are so undervalued,” one of the gentlemen having dinner with us remarked (a real estate professional). “I believe that apartment costs here are the lowest for any cosmopolitan city in the world on a U.S. dollar per-square-meter basis.

        “This is because Colombia, especially Medellín, is still misunderstood. When you say ‘Medellín’ to the average American, he thinks: drugs… gangs… Pablo Escobar…

        “It’s such a misperception. The current reality of this city is so far removed from all that. But, luckily for us, that outdated stereotype is keeping prices down.”

        It was déjà vu…

        I’d heard the same case, made by another group of investors, around a similar table, in Boquete, Panama, back in 1999… 10 years before the AARP ranked that mountain town as one of the world’s top 5 retirement destinations.

        So I know how this scene plays out. Indeed, this City of Flowers and Eternal Spring is already on its way to becoming a top destination among North American retirees.

        Medellín Is Also A Top Option For The Second-Home Buyer

        El Poblado, Medellin
        Alamy/Mehdi33300
        El Poblado, Medellin

        More and more, I’m seeing people who are spending their summers in the United States or Europe but skipping out on the ice and snow by wintering in places where they can leave their windows open day and night, all year.

        These folks are bypassing the old-school snowbird haunts like Arizona and Florida and opting instead for the romance, the excitement, the adventure, and the affordable high-end lifestyle on offer in places like Medellín.

        We don’t always have the vision to jump when opportunity presents itself.

        Imagine if you had bought in Costa Rica in the mid-1980s… on Ambergris Caye, Belize, later in that decade… or in Panama City 15 years ago…

        I recognized the opportunities in all these places at precisely those points in time, and I urged readers and friends to take advantage.

        I see that same potential again right now, in Medellín.

        Could Medellín Be The Retirement Haven You Seek?

        The best place in the world right now for you to think about reinventing and relaunching your life or diversifying your investment portfolio?

        I don’t know. And, right now, likely neither do you.

        I suggest, though, that, as the currency discount available to U.S. dollar holders in this country right now is irresistible, you take this chance to think through the opportunities in the context of your personal objectives.

        We’ll pick up the conversation here next time.

        Sincerely,
        Kathleen Peddicord signature
        Kathleen Peddicord
        Founding Publisher, Overseas Opportunity Letter

        Tags: 'Colombia''Expats In Medellin''Property In Medellin'Live in ColombiaLive in MedellinMedellinretire to medellin
        Share84Tweet52
        Kathleen Peddicord

        Kathleen Peddicord

        Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

        Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

        Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

        Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

        Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

        Start Your New Life Overseas Today!
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          Top Countries

          • Spain
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          • Belize
          • Colombia
          • Cyprus
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          Best For:

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          Budgets

          How Much Will It Cost
          To Live Overseas?

          Super Cheap

          • Chitré, Panama
          • Santa Marta, Colombia
          • Phuket, Thailand
          • Dumaguete, The Philippines

          Cheap

          • Medellin, Colombia
          • Boquete, Panama
          • Kyrenia, Cyprus
          • Hua Hin, Thailand
          • The Algarve, Portugal

          Affordable

          • Valencia, Spain
          • Cascais, Portugal
          • Las Terrenas, The DR
          • Pisa, Italy
          • La Rochelle, France
          • Mazatlán, Mexico

          Luxury

          • Ambergris Caye, Belize
          • Kotor, Montenegro
          • The Panama City Beaches
          • Paris, France

          Resources

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