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Italy: Required income for retiring to Italy:
I realize this is an old post but... just in case you are still looking this is an excerpt from my Italian real estate agent in Italy who has answered the same concerns I have had.
To move to Italy you should go there on a short stay ( 90 day) look for property. When you buy it you have 18 months to apply for residency after house purchase. With regards to having 4,000 dollars a month or higher, this is absolutely not true! It is required by law that when you move to Italy, you will have to have an Italian bank account (which we will open on your behalf, that's part of our service) and show proof that you have € 5,100 in your bank account (one-off, not monthly).
What you need to have is health insurance when applying for residency at the Embassy in the US, as they might ask for it, along with a copy of your passport and details.
I hope this helps and calms your fears. Good luck God bless.
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