Retire early or quit your job and live abroad: These 10 places are so cheap you might be able to stop working.
International Living’s Annual Global Retirement Index is designed to help point people to the specific spots that would be best for them—given their budget and their priorities. According to Stevens, this year’s list is shorter and tighter than in years past. “We’re always fiddling in a bid to make this Index as useful as possible,” says Stevens.
And while International Living uses numbers and statistics—like the cost of living and the price of housing—it’s not meant to be a scientific survey. “The value of the Index comes from the fact that the rankings are generated with a real-world context in mind, with input from people living and spending time in these places,” says Stevens. “While we do rate countries—our recommendations are, really, for specific communities within them. That’s why that on-the-ground element is so important.
Some countries dropped off the list this year because the visa situations have made it problematic or really expensive for expats to live there full-time. “Malaysia and Vietnam fall into this category,” says Stevens. “We still like those countries—they’re beautiful, the weather is warm, the people are welcoming, the costs are seriously low—but the current visa situation makes a full-time stay difficult from either a cost or logistical standpoint.
“Ecuador is still a largely undiscovered country not yet homogenized but still offering the conveniences of modern living, including high-speed fiber-optic internet, American dollar currency, temperate weather, good public transportation and affordable healthcare and housing,” says International Living correspondent Donna Stiteler.There are expat-friendly spots all over Ecuador.
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