Retiring abroad is a dream for many, especially for those in the Northern Hemisphere.

So, in this video- we are going to try and answer the question: Where can I retire on $1000 per month?

Here are the 6 locations that we’ve chosen- Cuenca Ecuador, Granada Nicaragua, Chiang Rai Thailand, Nha Trang Vietnam, Corozal Belize and Santa Fe Panama.
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Cuenca Ecuador

Even for Latin America standards, prices in Ecuador are fantastic! And, because the US dollar is standard currency, you don’t have to worry about always thinking about exchange rates. In Cuenca, there is a well established Expat community which, from all that we’ve heard is active and welcoming. Cuenca is a relatively small community meaning that it’s easy to get around even without a vehicle and that’s another cost saving. The weather there is amazing with almost springtime temperatures all year round.

Granada, Nicaragua

This is a beautiful city with amazing colours. The cost of living here is really cheap and your dollar goes a long way. Just as an example, you could own an old Spanish colonial hacienda for as little as $75,000. Nicaragua is also generally pro retiree, offering retirement visas to anyone who can demonstrate an income of just $750 per month. Connections are great and Granada is right on Lake Nicaragua with lots of recreation opportunities. It can get a bit warm here in the summer making that location on the lake perfect.

Chiang Rai, Thailand


Thailand is one of the cheapest places in the world to live well on a budget. Thousands of expats have moved to this country for its amazing natural beauty, excellent health care, delicious local food, and, of course, its incredibly low cost of living. Chiang Rai has great weather year-round. It has thick forests with streams and waterfalls all around it, and is ripe with opportunities to explore. Now, Chiang Rai is not a large city, so doesn’t have the population pressures of larger urban areas like Chiang Mai and Bangkok. This helps keep costs down, and housing, health care and entertainment are a bargain. Yet international standard hospitals and shopping complexes are only minutes from the city center.

Nha Trang, Vietnam

Nha Trang is Located along Vietnam’s south central coast, and is situated on one of the world’s most beautiful bays. Mountains act as the backdrop for wide, sandy beaches, with jungles, lakes and streams on the outskirts. It is a top choice for outdoorsy retirees who would like to spend their days hiking to waterfalls and snorkeling in the remarkably biodiverse waters. The foreign community includes expats and retirees from France, Australia, the U.S. and Canada. For as little as $400 per month, you can rent a comfortable furnished house. Add a couple of hundred dollars more monthly for food, transportation and entertainment and your still under $1000.


Corozal, Belize

Northern Belize is an opportunity to blend an oceanfront lifestyle with conveniences and a low cost of living. Belize is English-speaking, has great access, and is sunny and warm year-round. Corozal gets less than half the rainfall seen in the rest of the country and because it’s just 10 miles from Mexico. Living here, you could easily hop across the border for shopping and access to amenities that might not be available in Belize, including entertainment options and possibly medical care. If you live like a local and settle in a village, your rent and overall cost of living could be very low. You could rent a two-bedroom apartment or home for as little as $400, and then add another $400 per month for food and transportation.

Santa Fe, Panama

Being a little higher in altitude, Santa Fe offers a highland lifestyle for as little as $1,000 per month. It is a relatively off-the-radar choice but is home to a growing expat community. The temperatures in Santa Fe are much more comfortable than down at sea level. This a beautiful but unassuming mountain village. Almost postcard-worthy. The great outdoors provides the ultimate entertainment. Living here, you could fill your days hiking, kayaking the river and horseback riding. However, for more than basic daily shopping needs, Santa Fe as a bit of a drawback, residents need to make the hour-long drive to nearby regional capital Santiago.