Live and Invest Overseas got it right !
Colombia Number 3 Best Places in the World to Retire 2025
Of course you ask, which countries are ranked higher than Colombia ? No 2 is Portugal and No 1 is Spain. I think it´s probably a coin toss based on personal preferences.
If Cost of Living is major decision factor, let´s look to Numbeo.com, the largest cost of living data base in the world.
Colombia has a Numbeo cost of living index (COLI) of 26.0. The COLI allows you to compare apples and apples. The lower the COLI, the lower the cost of living when you take into consideration everything that you need...housing, food, healthcare, transportation, etc.
Here is how it works. Let´s say you bought $ 260 worth of groceries in Colombia. Those ¨exact same¨ groceries would cost you $ 412 in Portugal or $ 435 in Spain...$175 more or 67 % more ! or in Costa Rica $ 501 ...or in the USA, $ 649 ...a whopping 150 % more !
Here are the COLI for some highly rated retirement places:
- Indonesia 24.6
- Colombia 26.0
- Vietnam 26.6
- Philippines. 28.8
- Malaysia. 29.7
- Ecuador. 30.0
- Thailand. 33.7
- Dominican Republic. 34.3
- Mexico. 34.5
- Portugal. 41.2
- Belize. 41.4
- Spain. 43.5
- Panama. 43.9
- Greece. 46.5
- Costa Rica. 50.1
- France. 58.0
- Canada. 58.7
- United Kingdom. 59.2
- Australia. 60.9
- United States. 64.9
You can also compare the cost of living between any two cities....for example, between Miami, Florida and Manizales, Colombia
You need to make $8,300 per month in Miami to maintain the same standard of living that you can have in Manizales for under $2,000 a month !
I rest my case....
