1. Ibague
IM Score: 27
Cost of Living Index: 30.63
Hospital to Population Ratio: 20,500
Temperature: 79/83°F
Rainy Days: 2/22
Sunny Days: 5/27
We close out our list of best places to retire in Colombia with a perfect choice for those on a budget. Ibague has the lowest cost of living index compared to all other entries on the list. If you think that is because the city hasn’t much to offer, you are wrong. It is one of the fastest growing cities in Colombia and it’s on its way to becoming one of the economic centers of the country. There is more. Ibague is known as the “music capital of the country” due to having the most prestigious music school in Colombia and hosting numerous music festivals and events throughout the year. The weather is very pleasant since you won’t suffer from the heat but there are plenty of sunny days. Finally, the city is packed with monuments, museums, touristic sites and nature attractions. Even if money isn’t something that worries you, you should still strongly consider retiring here.