This article looks at the 5 best places to retire in Colombia. If you wish to check out our detailed analysis on the role of Foreign Direct Investment in Colombia’s development and retirement to the country, you may go to 12 Best Places to Retire in Colombia.
5. Armenia
Insider Monkey Score: 7
The third city of Colombia’s coffee triangle, Armenia speaks to retirees because of its natural beauty, affordability, and cultural heritage. Nestled in the foothills of the Andes mountains, the city enjoys a pleasant climate; with day temperatures averaging 80°F (26.67°C) and nights cooling down to a comfortable 60°F (15.5°C). On average, an individual retiree can live comfortably in Armenia for $450 per month.
4. Bogotá
Insider Monkey Score: 8
Bogotá, the capital of Colombia, is revered for its cultural richness, modern amenities, and diverse culinary scene. There are extensive shopping options, some of the best hospitals in the country, and plenty of cultural attractions. The average daytime temperature in Bogotá is 65°F, while the average low is 48°F, making it cooler than Santa Marta, Cali, and Cartagena. The city is very bike-friendly, with many roads on Sundays closed to accommodate bike traveling. One-bedroom apartments in the city center cost around $500 on average, utilities cost around $70; while the overall cost of living on average for an individual retiree equates to $1,205 per month.
3. Santa Marta
Insider Monkey Score: 8
Santa Marta is the perfect place for retirees to stay active, enjoy cultural events, and savor the city’s natural beauty. Palm-fringed beaches, the Sierra Nevada mountains, and nearby national parks like Tayrona are the highlights of Santa Marta. There are banks, grocery stores, shopping malls, medical care, and similar amenities available throughout the city. An individual retiree can live comfortably in Santa Marta for an average of $773 per month.
2. Cartagena
Insider Monkey Score: 9
Cartagena, a port city on Colombia’s Caribbean coast, is truly one of the best places to retire in Colombia. The city is steeped in history and culture, boasting historic sites like the Castillo San Felipe de Barajas. Picturesque landscapes embrace the city, including beaches, islands, and the serene waters of the Caribbean Sea. The culinary scene is diverse here, offering Colombian delicacies and fresh seafood as well. Healthcare facilities are top-notch. An individual retiree can live here for $1,047 monthly on average.
1. Medellín
Insider Monkey Score: 10
The vibrant and bustling city of Medellín is a favorite amongst retirees for its pleasant climate, vibrant cultural scene, and proximity to nature. The “City of Eternal Spring” boasts daytime high temperatures in the mid-70s°F to the low 80s°F, ideal for comfortable living all year round. Golf courses, fitness clubs, hiking trails, and tennis courts offer plenty to do for retirees. Many roads close down on Sundays and holidays to act as pedestrian walkways. Healthcare in the city is both affordable and high-quality, such as Hospital Pablo Tobón Uribe, which enjoys international accreditation. On average, the cost of living for an individual retiree is $829 per month.
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