This article takes a look at the 5 best places to retire in South America. If you wish to check out our detailed analysis of how the lithium boom in South America is powering retirement, you may go to the 15 Best Places to Retire in South America.
5. Arequipa, Peru
Insider Monkey Score: 7.3
Arequipa, a city in the southern coastal region of Peru, is revered amongst retirees for its pleasant climate, affordability, and rich cultural heritage. The pace of life is relaxed here, and there is a growing expat community. Arequipa is also renowned for its colonial architecture, a distinction that has earned it the prestigious recognition as a UNESCO World Heritage Site. Breathtaking natural landscapes such as the Colca Canyon offer retirees much to do, including hiking, bird watching, and simply relishing the Andean scenery. On average, an individual expatriate retiree would require $607 to comfortably retire in this location.
4. Salvador, Brazil
Insider Monkey Score: 7.4
One of the most beautiful places to retire in Brazil, Salvador, is a favorite amongst expats because of its renowned beaches, historic architecture, and vibrant cultural scene. It is also famous for its African-influenced cuisine and music. The Pelourinho neighborhood, a UNESCO Heritage site and the historic heart of the city features colorful buildings, baroque churches, and cobblestone alleys that retirees can explore. Salvador also plays host to the Carnival in Salvador, one of the wildest and largest street parties in the world. On average, an individual expat retiree can live comfortably on $848 per month.
3. Miraflores, Peru
Insider Monkey Score: 7.5
Retirees in Miraflores, Peru instantly fall in love with its scenic coastal location, engaging in seaside strolls and relishing the ocean views. The mild climate is a plus for them, allowing them to lead active and fulfilling lives. Owing to the vibrant cultural scene, expats will also find numerous art galleries, restaurants, and theaters in the city. The healthcare system is well-developed here, and there is a wide range of amenities available. On average, an individual expat can retire comfortably at $1,500 per month.
2. Medellín, Colombia
Insider Monkey Score: 7.7
Medellín, Colombia is a vibrant and bustling city revered for its scenic beauty, pleasant weather, and affordable cost of living. The cultural scene is quite vibrant as well, and there is plenty to do to keep retirees busy. Hospital Pablo Tobón Uribe is in this city, which enjoys international accreditation. On average, the monthly cost of living for an individual retiree is $829.
1. La Paloma, Uruguay
Insider Monkey Score: 8
Situated on the beautiful coast of the Atlantic Ocean, La Paloma is one of the best places to retire in South America. The town offers the best infrastructure and the most amenities in the country, and retirees can enjoy a peaceful lifestyle here. Expats mostly spend time on the beach or enjoy seafood and other cuisine at the many restaurants. On average, the monthly cost of living for an individual retiree is $1,500.
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