For the past three years Ecuador has taken top honors as the world’s best place to retire!
A mild climate makes for comfortable living year-round. Average daily temperatures reach into the 70s F, and the nights are cool and fresh.
For retirees, colonial Cuenca is Ecuador’s most attractive city. The third largest in the country, it offers the relaxed pace of a smaller town with the first-class amenities and health care of a bigger city.
Ecuador’s official currency is the U.S. dollar, you will have no problems determining the cost of goods or services. Imported goods are more expensive but the local products and labor are very reasonable.
One city in Ecuador called Cuenca, is listed as one of the two “most livable” cities in Latin America, citing its culture, low crime rate, and “middle class” feel. The city has received high ratings from other sources, including National Geographic and Stern magazine.
Not only can you retire on little money in Ecuador, you can also live very well! It’s easy to retire on less than $17,000 per year, and this figure is based on a very comfortable lifestyle. Many foreign residents have their main home in the city, and also have a country home, a beach property seen here on our website, or even property in another country…a feat that would be impossible on a comparable budget in the U.S.
Here is a monthly breakdown of costs for a couple living in Cuenca:
Housing (rental of a luxury two-bedroom apartment): $500
Utilities (including phone, Internet and CATV): $150
Maid (twice a week): $60
Maintenance and fuel for one car: $140
Entertainment (dining out eight times per month plus other): $175
Health care: (four $30 visits to a doctor per year for two people): $240
Monthly total: $1,635