{"id":1739,"date":"2022-03-09T20:51:54","date_gmt":"2022-03-09T20:51:54","guid":{"rendered":"https:\/\/nexo.legal\/?p=1739"},"modified":"2025-07-15T17:31:43","modified_gmt":"2025-07-15T22:31:43","slug":"medellin-the-ultimate-paradise-for-retirees","status":"publish","type":"post","link":"https:\/\/nexo.legal\/es\/medellin-the-ultimate-paradise-for-retirees\/","title":{"rendered":"MEDELL\u00cdN, EL MEJOR PARAISO PARA RETIRADOS"},"content":{"rendered":"\t\t
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MEDELL\u00cdN, THE ULTIMATE PARADISE FOR RETIREES<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Why are retirees choosing Medell\u00edn as their new home?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Awarded in the category of global hub of innovation<\/strong> due to the recent strengthening of an ecosystem of science and technology and being compared to capital cities that exceed it several times in size, it isn’t strange that you may have heard about the city of the eternal spring<\/strong> more than once in the past couple of years.\u00a0\u00a0<\/span><\/p>

Surrounded by mountains, the city has earned recognition not just by the beauty of its landscapes, but because of the great development in terms of physical infrastructure, urban planning, sustainability and of course, the well-known social and cosmopolitan vibrancy.\u00a0<\/span><\/p>

There’s no wonder why moving to Medell\u00edn, Colombia has gotten popular these days, receiving an annual growth of 20% more travelers. Medell\u00edn has earned yet another important title: as one of the best places to retire in the world.<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Budget to Retire in Medellin Colombia\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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To retire in Medell\u00edn comes with many benefits that the city provides, starting off with the incredible low costs but high quality of living<\/strong>. Currently, the cost of living in Medell\u00edn is 70% less than living in the United States<\/strong> while still offering a great amount of luxuries and amenities, including rent, utilities, telephone, internet, cable, food, entertainment and public transport.\u00a0<\/span><\/p>

You can easily be living a fairly luxurious lifestyle<\/strong> for just a few more hundred dollars than the average social security or pension income and be saving up those extra dollars into an even more luxury type of lifestyle or even for some holiday vacations.\u00a0<\/p>

This being said, the option is yours to live a middle class styled life or a more luxurious one if you really retire to Medell\u00edn, either one is highly accessible to foreigners<\/strong>, being Colombia one of the cheapest countries to live in. For example, according to the DANE (National Statistics System), to be considered part of the middle class in the country, your monthly income must be between $653,781 COP to $3,500,000 COP or $167,57 to $897,06 USD, to the date this post is being written. In Medell\u00edn, you can live SO comfortably for a month for just that, approximately: 1.345 dollars.\u00a0<\/span><\/p>

To break it down for you:\u00a0<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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All things considered, and just to get an idea, you can: <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Real\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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A total of $1,345 USD for monthly expenses, and this is on a basic but really pleasant and considered as a kind of middle-class lifestyle, definitely makes you consider moving to Medell\u00edn, doesn't it?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Get to know Colombian macroeconomics\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"keep\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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For further understanding the Colombian culture, if you aspire to retire in Colombia, it is relevant to give some overview of the most important macroeconomic data, which will certainly help to understand more about the lifestyle you can expect in Colombia. Thus, the current CPI (Consumer Price Index) presented an annual variation rate of 4.6% in October 2021, 1 tenth higher compared to the previous month, leading to the accumulated inflation in 2021 of 4.3%. Regarding the national GDP (Gross Domestic Product), it decreased by \u20132,4 %, compared to the first quarter of 2021.\u00a0<\/p>

Another topic to keep an eye on if planning to retire to Colombia, is what is known as the IVA (Value Added Tax) which in the current year, 2022, is 19%, important to keep in mind at the time of your shopping sprees. You also may or may not be familiar with something called the Purchasing Power Parity (PPP), plain and simple, this concept explains that <\/span>two currencies are in equilibrium or at par, when a basket of goods is priced the same in both countries, taking into account the exchange rates.<\/span><\/p>

\u00a0So, a good start for this specific scenario would be to compare prices of, let’s say, a Big Mac in the USA compared to Colombia: the catch is, due to some data previously explained such as actual the inflation rate, there’s a huge benefit in your finances when it comes to the exchange rate from dollars to pesos<\/strong>, bottom line is, you’ll end up definitely saving up some significant coins, thus, more cons of living and retiring in Colombia.\u00a0<\/span><\/p>

Another important aspect, is that the city of Medellin is divided by socioeconomic \u201clevels\u201d, called \u201cestratos\u201d<\/em><\/strong>, the purpose of these is to sort residential properties that receive a public services bill and is based on a classification of elements, circumstances or a certain phenomenon. There are 6 levels classified as follows:<\/strong>\u00a0<\/span><\/p>