Cheap Living…Retire to Ecuador
Ecuador… a country off the radar, offers very cheap 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.
It costs about $15,000 to live a very comfortable lifestyle. That includes domestic help and eating out frequently.
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 other home might be on the beach. Manta is an up-and-coming beach town with lots of current real estate development. When on the beach make sure you sport a famous Ecuadoran export…the Panama hat. These popular hats are made in Ecuador.
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.
If you get sick in Ecuador you will find a doctors visit will cost around $15. They also make house calls for the same money or slightly higher. Domestic help is $30 a week.
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.
The 12 million that call Ecuador home come from many climates. You have the humid jungles in the east, or the soaring Andes with their year round cool temperatures. If you want the beach Ecuador has them in spades. If you desire a change in view and climate you do not have to go far in Ecuador.
If cheap living is your only motivator for living in Ecuador, you probably will be disappointed. You would be unhappy moving anywhere just because it is less costly. Instead if you have a sense of adventure, are self confident, and interested in living well…all in friendly environs, consider Ecuador as a place to retire.
Retire to Ecuador is under the retirement radar now, it won’t be for long. Do you want information on other frugal retirement living lifestyles that are fun? Do not give up on retirement until you visit this website
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