Colombia Forum

jooks
Joined 2019
Posts: 293

5 years ago

Lifestyle on a limited budget

5 years ago

I'm an American looking to retire in Medellin or possibly Cali, though I've never been to the latter. I only mention Cali as I believe the cost of living is less and I like warm weather. I'd like to inquire what kind of life I would have living on a small pension of about $2200 monthly. The best I can tell from my visits is that my standard of living would be much lower than it is now.

Not to get into all the gory details, I lost my business and with it, my savings. Hence, I have to rely on my pension. Although I'm a professional and have commanded a good salary, at 67 I find that jobs are much more difficult to come by. I was recently laid off and can't even get an interview. Besides, after over 50 years of working, I'm ready to leave the cold winters here in the northeast and enjoy retired life.

Is a decent apartment in a relatively safe area with enough left over for food, modest entertainment, basic medical (I'm healthy), etc. possible in my circumstances? The decision I need to make is whether to struggle to look for work so I can replenish my savings somewhat or take the plunge and retire.

William Russell

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Living in Colombia Guide

Expats in Colombia discuss the pros and cons of living in Colombia. From the Colombian people to driving to taxes and more. As challenging as it can be, expats in Colombia clearly find that there is a lot to love about a country that is a surprising expat hot spot.

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William Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell

Get a quote for international health insurance from our partner, William Russell.
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Help others in Colombia by answering questions about the challenges and adventures of living in Colombia.