Kiplinger’s has named Mexico real estate on its list of the eight best places to retire abroad,which features overseas destinations that offer comfortable retirement at an affordable price. The colonial town of Merida,which can be found on Mexico’s Yucatan Peninsula,was the number one destination on the list of overseas retirement hot spots.
“Two factors critical to retirees (and their wallets) shaped our choices: Cost of living and health care,” writes Kiplinger’s. “We also gave added weight to the cost of living,real estate and health care components of International Living’s Global Retirement Index of the top 25 countries for retirees.”
Kiplinger’s also points out that the monthly budget for retiring overseas will vary quite a bit depending on the country,lifestyle and type of housing that is selected. This is good news for retirees on a budget,who are unable to meet the high dollar amount that is required to live so luxuriously in most U.S. cities.
The population of Merida is close to 800,000 and the city offers easy access to a major international airport,with nonstop flights to the U.S. and other destinations. The tropical climate features temperatures between the low 80s and the mid 90s,with the seaside still close enough to enjoy at just 22 miles away. Here,retirees will find plenty of high quality medical facilities and may even qualify for Mexico’s low-cost public health insurance program,known as IMSS.
In addition,Mexico tied for third on the International Living Global Retirement Index for cost of living. Here,retired couples can live comfortably on around $1,700 per month or less,while enjoying a wide variety of amenities that are difficult to find in the U.S. for anywhere close to that price.
“Merida,the capital of the state of Yucatan,is a world away from Cancun,” writes Kiplinger’s. “Merida has a European feel,thanks to its Old World architecture and abundant culture. There are opera houses and cathedrals to explore,and foodies rave about the dining scene. There’s a growing population of retirees from the U.S.,as evidenced by an English-language newspaper and library.”