Planning to retire abroad? Ecuador is the top spot for North American retirees, according to InternationalLiving.com’s newly-released Annual Global Retirement Index 2013.
This is Ecuador’s fifth consecutive year at the top of the heap.
This annual Index—now in its 22nd year–ranks the best international retirement destinations. To compile the ranking, InternationalLiving.com editors collated data from its team of experts on the ground in the most popular countries among U.S. and Canadian expat retirees. Editors assessed factors ranging from the price of groceries and average temperature, to utility costs and the friendliness of locals.
The information was then used to score each of the top countries out of 100 incategories such as “Real Estate,” “Climate,” “Special Benefits for Retirees” and “Health Care.
“It’s designed to help readers compare and contrast what we believe are the best options for retirement abroad in 2013,” says Jennifer Stevens, Executive Editor of International Living magazine.
“Ecuador is such an overwhelmingly attractive choice for retirees overseas today in part because your dollars really stretch there,” Stevens says. “You could live comfortably for $1,600 a month, rent included. The values extend to real estate, as well. A condo right on the coast that might cost you $1 million or more in California, you could have for less than $150,000 along Ecuador’s northern Pacific. We have readers who bought a little mountain place as well as an apartment overlooking the water and split their time between the two. They could never have afforded to do something like that in the States.”