Let’s hope Pinoy retirees can afford it, too.
“Dumaguete, the capital of Negros Oriental in Central Visayas, has been identified as one of the most ideal places to retire around the world in the 2014 Retire Overseas Index released by the The Overseas Retirement Letter, a publication dedicated to the concerns of retirees,” reports ANC.
The report indicated that “Dumaguete was chosen due to its cheap cost of living.”
Citing the study, the report noted: “Based on expenses such as rent, gas, electricity, water, cable, groceries, Internet, and entertainment, retirees living in Dumaguete will only need a monthly budget of US$910 or about PHP40,000.”
The 2014 Retire Overseas Index chose the locations based on 12 factors, namely climate, existing expat community, cost of living, health care, crime, infrastructure, English spoken, real estate, entertainment, residency options, environmental conditions and taxes.
Aside from Dumaguete, the other places on the list are the following:
—Algarve, Portugal
—Ambergris Caye, Belize
—La Serena, Chile
—Buenos Aires, Argentina
—Medellin, Colombia
—Cayo, Belize
—Mendoza, Argentina
—City Beaches, Panama
—Puerto Vallarta, Mexico
—Cuenca, Ecuador
—Samana, Dominican Republic
—Granada, Nicaragua
—Abruzzo, Italy
—Istria, Croatia
—Pau, France
—Barcelona, Spain
—Chiang Mai, Thailand
—Istanbul, Turkey
—Nha Trang, Vietnam
—George Town, Malaysia
Photo by Mike Gonzalez (WikiCommons)
