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      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
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      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
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      • Establishing Residency
      • Gun Laws In The World
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      • 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
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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.






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          Buying Real Estate For Cashflow

          • Discover tips and strategies used by global property investing veterans

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          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:
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          From Outside North America:
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          Reach us with your questions by email at: events@liveandinvestoverseas.com

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          overseas living letter offers affordable retirement guidance
          The Simon Letter Wealth Protection Insights
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          Home Retirement/Living

          Our Top 3 Havens In Latin America

          Rentals From US$650 A Month

          by Sophia Titley
          Aug 15, 2023
          in Retirement/Living
          0 0
          Sunny view oif Medellin, Colombia.

          iStock/Yuki Mao

          For those considering a move overseas, Latin America makes a lot of sense…

          It’s within easy reach of North America, making it easy and affordable to come and go as you please—a particular benefit if you’re considering a part-time retirement overseas.

          The warm weather is another big draw. In many locations here the climate means you can enjoy a spring and summer climate year-round.

          Then there’s the affordability. Your dollars have super-charged buying power here, putting you in line for a serious lifestyle upgrade.

          There’s a wealth of great options in the region, so where best to start looking?

          Here are our top 3 picks in Latin America…

          1. Chitré, Panama

          Fisherman boats and the houses in small village El Rompio near Chitre
          Adobe Stock/Marek

          A four-hour drive from Panama City lies the small, safe, and community-minded town of Chitré.

          Here, along with a warm welcome, you’ll find every convenience… great health facilities, banks, schools, American-style grocery stores, hardware stores, nice cafés and restaurants, and a range of entertainment options.

          Because it’s largely undiscovered, Chitré is one of the most affordable places to live in Panama. A budget of US$2,003 per month will have a couple living well here. Rent for a furnished, two-bedroom apartment in a desirable part of Chitré is about US$800 per month. Air conditioning is a must, and you’ll spend about US$125 on electricity monthly.

          The beach is never far—Playa Monagre and Playa El Rompío are only a few miles outside downtown Chitré. You can buy beachfront property at shockingly low prices… up to 35% less than the value price. This is a land of opportunity for investors.

          And Chitré is growing steadily, especially in the health care sector, making this an ideal destination for senior citizens, individuals with health concerns or disabilities, families with small children, or anyone else needing superior medical care within a few minutes’ drive.

          If you’re looking for a new home with the comforts of a city but a small-town feel, an opportunity to immerse yourself in Panamanian culture and live side-by-side with locals, and life by the beach without overpriced property, your dream life awaits you in Panama’s heartland.

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          2. Medellín, Colombia

          City lights in Medellin, Colombia. Latin America Havens.
          iStock/R.M. Nunes

          Medellín is one of the world’s most livable cities thanks to its efficient public transportation system, friendly locals, ample green-spaces, and weather that most people would describe as perfect. (Because it’s never too cold or too hot, utility bills stay low because you don’t need to heat or cool your home.)

          Its varied cosmopolitan offerings almost put it on par with the world’s top metropolises… However, unlike comparable destinations, life in Medellín is inexpensive, particularly for American retirees.

          A couple’s basic monthly budget here should come to about US$1,384—including rent. A comfortable two-bedroom apartment in an expat neighborhood will run you around US$650 a month.

          There are museums all over town, opera in season, symphonies, theater, and orchestra performances, and major concerts… There’s also great shopping, dance clubs, nightclubs (even for the silver-haired crowd), and fine dining…
          Colombia offers a handful of different residency options and stands out for the clarity of government information about its residency types and the ease of the application process.

          Most retirees coming to Colombia apply for a Pensionado Visa, a category of its Migrant M-Type Visas. The income requirement for 2023 is around US$700 a month.

          3. Oaxaca, Mexico, Is A Latin American Haven

          Sunny skies in Oaxaca, Mexico. Latin America Havens.
          Alamy/Mehdi33300

          Oaxaca City, Mexico, checks a lot of boxes: a moderate climate, reasonable prices, flight connections to the States, and high-quality health care. A monthly budget of US$2,500 would see a couple living well here.

          Also, it isn’t super touristy or flooded with gringos. It’s becoming more of a popular destination, sure, but the city does not rely on tourism as much as other expat favorites do.

          Beyond the obvious draws of nice weather and a low cost of living, this is a fascinating city with a lot to offer…

          Oaxaca is the capital of the southwestern Mexican state of the same name. It’s famous for its cuisine (such as the versatile mole sauce) and its potent libation, mezcal. Your taste buds are in for a treat if you relocate here.

          In its bustling Centro, you’ll find colorful colonial buildings and even more colorful clothing and wares from the various indigenous groups that call the area home. The state of Oaxaca is home to about a third of Mexico’s indigenous population.

          Traditional festivals are a big deal, including Day of the Dead celebrations. People come from all over the world to view the elaborate ofrendas (altars) for this important holiday.

          This city is surrounded by mountains, making for a stunning backdrop and plenty of opportunities for adventure. It doesn’t take long to reach the ancient ruins at Monte Albán or the jaw-dropping petrified waterfalls at Hierve el Agua.

          In short, compared to places like Mexico City or Guadalajara, Oaxaca feels like a small town. It’s easy enough to get around on foot, and local buses are cheap and easy to figure out if you need them.

          Oaxaca is home to a sizable expat community of over 20,000, with most hailing from the States and Canada. All sorts of events are available, so it’s easy to get out and meet people. Whether you’re into yoga, books, or hiking, there’s a club or class for you here.

          Sincerely,
          Sophia Titley signature
          Sophia Titley
          Editor, Overseas Living Letter

          Tags: 'Colombia''Retirement Lifestyles'Mexico'Panama
          Share83Tweet52
          Sophia Titley

          Sophia Titley

          For Sophia Titley, home is a subjective concept. She was born in Singapore but grew up in Indonesia and Saudi Arabia… and has since lived in Canada, Spain, Colombia, and, most recently, Panama. She studied political science and Spanish at the University of British Columbia, and in her free time enjoys trying new recipes, playing soccer, and salsa dancing.

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                HOME

                Top Countries

                • Spain
                • Portugal
                • Panama
                • Belize
                • Colombia
                • Cyprus
                • Mexico
                • France
                • Montenegro

                Best For:

                • Health Care Abroad
                • Retirement Living
                • Cost Of Living
                • Investing in Real Estate
                • Establishing Residency
                • Gun Ownership
                • English Speakers
                • Safety
                BROWSE ALL COUNTRIES

                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

                Global Living

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

                Making Money

                • International Real Estate
                • Banking
                • Employment
                • Investing
                Meet Our Experts

                Real Estate

                Overseas Property Alert 

                 

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                READ MORE

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                PRE-REGISTER

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                Contact Our Events Team:

                Toll-Free U.S. and Canada:
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                From Outside North America:
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                Reach us with your questions by email at: events@liveandinvestoverseas.com

                Store

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                • Hours of coverage  from our latests conferences

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