Cuena and Medellin – Top Retirement Spots

Read full story on the Huffington Post:

Cuenca, Ecuador, and Medellin, Colombia, are two of the top retirement options in Latin America right now. Which is better? Which one might be the right place for you to think about retiring overseas? Trying to answer those questions requires drawing some comparisons.

Both of these cities enjoy great weather, with no bugs, all year. Living in either place, you wouldn’t need to use heat or air conditioning, a big help with monthly utility bills.

That said, the weather is not the same in these two cities. Medellin is warmer, with daily highs averaging around 81 degrees Fahrenheit, lows in the 60s, and minor seasonal variation. In Cuenca, monthly average highs vary from 65 to 71 degrees, depending on the time of year, and nightly lows are likewise correspondingly lower.

Medellin sees more rain (66 inches annually versus 35 inches in Cuenca). At the same time, Medellin sees more sunny days, on average, annually, than Cuenca.

Does either of those descriptions qualify as “perfect weather” for you? As with all retire overseas factors, it’s a matter of your own preferences.

Residency is fairly easy to establish in both Colombia and Ecuador, with low thresholds for visa qualification in both countries. In Colombia, the pensioner’s visa requires an income of just under $1,000 per year, while in Ecuador the level is even lower, at $800 per year. For an investor-type visa, Colombia’s options start at around $34,000, while Ecuador requires but $25,000.

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