In this article, we will look at the 5 best places to retire in Bolivia. If you want to check out our detailed analysis of Bolivia’s state of economy and retiring in Bolivia, go to the 12 Best Places to Retire in Bolivia.
5. Potosi
Insider Monkey Score: 4
Located in the southern highlands of Bolivia, Potosi is known for its deep historical legacy, scenic beauty, and unique culture. Its role in the Spanish colonial mining industry grants it a historic charm that retirees are attracted to. Moreover, influences from mestizo, indigenous, and colonial traditions have bestowed it with a unique cultural charm, celebrated through the city’s local festivals and cultural events. Since it is one of the highest cities in the world, retirees should consider their state of health before retiring here. A single expat retiree can live here comfortably between $600-$800.
4. Cochabamba
Insider Monkey Score: 4
The “City of Eternal Springs” is a favorite choice for retirees due to its unique blend of year-round pleasant climate, affordability, and quality of life. The Bustling Metropolis is also known for its rich cultural heritage, and there are many local festivals, markets, and events happening throughout the year. The average temperatures in the city range between 60 F and 70 F year-round, with plenty of sunshine. The city is also revered for its picturesque landscapes, such as the Cochabamba Valley and Tunari National Park, providing retirees with ample opportunities to engage in outdoor activities. A single expat retiree can easily retire on $1,000 per month.
3. Santa Cruz de la Sierra
Insider Monkey Score: 5
Retirees from around the world are choosing Santa Cruz de la Sierra as their retirement destination because of many reasons. For instance, the tropical savannah climate coupled with year-round temperatures is appealing to retirees in comparison to high-altitude cities such as La Paz. Big city amenities, housing, food, and even everyday staples are cheap here, giving retirees a chance to stretch their retirement incomes. The growing expatriate community is a major plus, offering them a chance to socialize and keep busy. There are modern hospitals and clinics in the city as well. The city is also famed for being a gateway to outdoor adventures such as wildlife watching, hiking, sandboarding, and river rafting, to name a few. The cost of living for an expat retiree is around $738 per month, out of which $382 is spent on a one-bedroom rental apartment monthly.
2. Sucre
Insider Monkey Score: 5
The charming town of Sucre can be appealing to retirees for its mild climate, historical significance, and unique cultural blend. There are historic churches, preserved colonial architecture, and museums in Bolivia’s capital city. The mountains, valley, and beautiful countryside add to the beauty of the city, as well as provide opportunities for retirees to engage in outdoor activities. A single expat retiree can manage to live well in Sucre for under $700.
1. Nuestra Señora de La Paz
Insider Monkey Score: 6
Located in the Andes mountains, La Paz is a popular retirement destination in Bolivia, revered for its rich culture, scenic beauty, and affordable cost of living. It is also the highest administrative capital in the world, embraced by majestic, snow-capped mountains. Mt. Illimani is a prominent, picturesque backdrop to the city, and retirees love to experience these dramatic landscapes in the aerial cable car system called Mi Teleférico.
The city is also ideal for visiting the majestic and unique Moon Valley, Yungas Cloud Forest region, and Lake Titicaca, all of which are a short drive away from the city. Mercado Lanza is a popular food market in the city center. Gustu is famous for its Bolivian dishes, and there are other popular food and tourist spots that the locals also enjoy. One-bedroom apartment rents in La Paz average around $300 a month, while the overall cost of living is around $635 on average.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 12 Best Places to Retire in Ecuador and 12 Best Places to Retire in Ireland.
