7. Medellin – Colombia
IM Score: 32
Rent Cost: $320
Hospital to Population Ratio: 77,000
Flight to U.S. Cost: $440
Country Global Retirement Index: 5
We are continuing our list of best places to retire in South America with Medellin that has had its issues in the past, but now, it is one of the most desirable cities to live in South America. Besides offering low cost of living, Medellin will charm you with street music, architecture, people and perfect weather. You’ll be able to explore parks, botanic gardens, museums and enjoy in numerous cultural events happening almost every week.