| Cheap Living...Retire to Ecuador |
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Ecuador is not the first place many would think of as a retirement haven. It is cheap first class retirement living.
Ecuador is not the first place many would think of as a retirement haven. It is cheap first class retirement living. Americans and Canadians alike are discovering Ecuador as a cheap place to retire. It is cheap in price only...the country has lots to offer. The US dollar is the official currency of Ecuador, a source of comfort to some retirees. Expats report that the Ecuadoran people are very friendly and glad to share their country with American retirees. How cheap is it? $15,000 a year will give you a lifestyle you will be very pleased with. Some live on a lot less, than $15,000 a year. The housing market, both rental and owning, offers very cheap living for retirees. It is always more prudent to rent before buying. Owning two Ecuadoran homes is in the reach of many American retirees. One might be up in the Andes, where there is spring year round; the other on the beach. Remember Ecuador sits on the equator and Quito, the capital, sits at 9,000 feet elevation. Your beach retirement spot might be Manta, a popular town with a good deal of development underway. Wear a Panama hat...they are made in Ecuador, not Panama. Cheap living...how cheap for real estate? You can easily afford two houses in Ecuador. $100,000 will pay for a beachfront condo in Manta and a apartment in Quito. That is cheap living my friends. As it is always more prudent to rent before you buy a well located apartment in Quito is $500 a month. Domestic help costs about $30 per week. A doctor's visit, or a house call, will run around $15 for a GP, $20 for a specialist. Folks wishing to retire in Ecuador must be able to prove stable income of $900 per month per couple. Your pension or Social Security check is of course acceptable. A visa is needed as well; the visa fee is $350. 12,000,000 people are currently enjoying living in Ecuador. They live in widely varying climates and scenery. From Amazon jungles, to beaches to colonial cities set high in the Andes. If you want a change it won't take long to get to a view and temperature that you like. It would be a mistake to move to Ecuador, or any place, based only on it being a cheap place to live. You can have economy for sure but Ecuador offers more. In Quito, a sophisticated big city, you can enjoy fine dining, museums and university life. The colonial towns offer an old world charm. The beach...is well the beach...it is your choice. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Retire to Ecuador is under the retirement radar now, it won't be for long. Do you need information on other frugal retirement living lifestyles that are fun? Do not give up on retirement until you visit this website |