Ecuador is long Appreciated as a Cheapest places In America. However, retired life in this country can be challenging. Here is all you need to know about starting a new life in Ecuador.
Why retire in Ecuador
Located in Southwest America, Ecuador is the world’s largest ocean on one side and the world’s largest forest on the other. Direct erosion through the country is the longest mountain range in the world. Retired people can choose to rest on the Pacific Ocean The beaches Or explore the Andes Mountains, the Amazon rainforest or the Galápagos National Park.
The most popular city for migrant retirees, Cuenca, A UNESCO World Heritage Site and former Inca capital, and this Spanish-colonial atmosphere is one of the most genuine in Latin America. After hours in Cuenca, you’ve got music, theater, dance clubs, shows and a professional symphony orchestra that is free for all. In addition, the weather is mild throughout the year, and the cost of living and renting a home remains affordable.
Live in ecuador
Ecuador’s infrastructure has improved significantly over the past decade. Significant infrastructure improvements include a new airport, a new train service in Quito, a new tramline in Quenca and access to high-speed Internet across the country. Health care standards continue to improve, while costs are a global bargain. The cost of a visit to a specialist is about $ 38, and a hospital costs $ 110 per night, or $ 60 for a standard room.
Ecuador uses the US dollar as its currency, so retirees saving in US dollars or US dollar-based income need not worry about the changing exchange rate.
Spend in ecuador
Cuenca is one of the largest and most established migrant retiree communities in the world. In Cuenca, you will meet many others English speaker Which is Has made the transition to live in Ecuador and can help you contingency for retirement abroad. Ecuador’s capital city, Quito, is a large metro area with a well-preserved historical center, providing convenient access to the Americas. If you are interested in living mainly among Ecuador rather than other migrants, you can consider the small town. Loja, Which is known for its music and public art. nearby Vilcabamba Which is often called the Valley of Longitude For long-term survivors. However, outside of major cities, if you do not speak Spanish, you may feel isolated. Fortunately, Quito and Quenca are two of the best places in the world to learn Spanish.
Where to retire in Ecuador
Depending on where you choose to live in Ecuador, your lifestyle can vary dramatically. There are six top places to retire in Ecuador:
Cuenca. This Spanish-colonial, UNESCO World Heritage City is one of the world’s largest communities of foreign retirees. Some 12,000 American, Canadian and European expats call Cuenca home. Cuenca is a walkable city with affordable cost of living and some of the country’s best hospitals and medical care.
Quito The highest altitude capital in the world, Quito is both traditional and modern. Shopping malls, nightlife and five-star restaurants make Ecuador the best choice for cosmopolitan lifestyles.
Loja Loja is a traditional Ecuadorian city, home to some expansion. If you are looking for a pleasant, small town life among the locals, Loja, where you can live on a budget of $ 1,000 every month, is a top choice.
Vilcabamba. Just 30 miles from Lajja, Wilkamba is a rustic little town with a charming town square. Located in a beautiful valley, Vilcabamba is a good option if you are interested in owning or developing land.
Salinas. Sometimes called “Little Miami”, Salinas is Ecuador’s most developed beach destination, and is popular among both Ecuadorians and foreign retirees. Strong tourist trade means there are plenty of restaurants, bars and other services. The downside is that Salinas can be quiet outside of the season.
Otavalo. Ottavlo is a small hill town known for its colorful local markets. It is a top choice for affordable living in cool highlands climate.
Moving to ecuador
Recent changes in the law have made it easier to establish a legal residence in Ecuador. The minimum income requirement to qualify for Ecuador’s pension was recently reduced to a one-month minimum wage, which is about $ 400. You may be able to qualify for residency through the country’s Investor Visa program, which requires an investment of at least $ 40,000 in real estate or at least a local bank certificate of deposit.
If you plan to return to the United States frequently, it is important to consider the ease of travel. You can reach Quito and Guayaquil via direct flights from all over the United States. However, it is not possible to fly directly to Quenca from the United States.
Ecuador Health Care
The low cost of health care, which is at least 20% to 25% lower for comparable services in the United States, is one of Ecuador’s greatest benefits. Medical care in this country is not only affordable, but can also be of international standard. All Ecuadorians and visitors to the country are guaranteed health care, no matter their ability to pay.
The government of Ecuador has a two-tier public health system: one for members of the social security system, which may include foreign retirees as voluntary members, and a public health system that is open to all. Membership in the Social Security Health Program costs $ 86 per month and provides full coverage, including dental care, with no findings for age or worrisome condition. To qualify for residency in Ecuador, you must show proof of your membership in the private health insurance or social security health system.
The Social Security Plan provides comprehensive care, but has significant drawbacks, including waiting longer to see specialists and elective surgery and plenty of bureaucracy. Some people additionally invest in private health insurance with high deductibles and low monthly premiums, which can serve as a backup to a social security plan if needed.
Outside of Quito, the country’s best hospitals are in Cuenca, which has 11 hospitals and clinics with emergency room facilities, as well as overseas operated facilities focused on elective surgery for medical tourists.
Retirement challenges in Ecuador
Living in a country with a different language and customs can pose challenges for retirees. If you have never spent time at high altitude, make sure to prepare yourself to go to Quito, Quenca or anywhere else in the mountainous regions of this country. Quito is at an elevation of about 10,000 feet above sea level, and Quenca is over 8,000 feet above sea level. High disease is a risk for many retirees, particularly those with lung, breathing, or heart conditions. Once you reach your destination, take the first few days slowly. Don’t go far for a hike in the cloud forest, for example, unless you give your body a chance to earn.