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    THE 10 BEST PLACES TO RETIRE IN 2024

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      Cost Of Living In Colombia

      Want to find out how much it would cost you to live or retire in Colombia today? Our cost of living budget for Colombia has you covered!

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          Cost Of Living In Colombia

          Colombia offers a premium lifestyle at a not-so-premium price. The cost of living in Colombia is likely to be much less than you are used to back home.

          Many expats estimate their monthly expenses are roughly 50% to 60% of what they were before making the move to Colombia.

          The cost savings are not just for residents either, as many tourists find food, accommodations, and travel expenses to be lower than most anywhere in South America.

          The low cost of living in Colombia is one of the most attractive aspects drawing in retirees.

          Whether you are on a social security income and need to stretch your retirement dollars or your looking to live out your savings in a life of luxury, you can live a happy retirement in Colombia.

          Everything from groceries to prescriptions are likely to cost much less in Colombia.

          Exceptional health care is another reason retiring in Colombia is so alluring. For example, costs for procedures can be 50% to 90% less than for comparable procedures performed Stateside.

          Personal spending habits can vary drastically, but the following sample is based on a two-person household living a comfortable expatriate lifestyle (not lavish, but not too meager. However, it is assuming that your own your home and car outright.

          Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

          Reviewed By Lief Simon

          Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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            Start Your New Life Today, Overseas






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              Average Monthly Budget For A Couple Living In Colombia

               
              Cost Of Living In Colombia Monthly Budget In COP
              Food (Groceries) COP720,460
              Electricity (750kwh avg.) COP70,000
              Water COP95,000
              Gas (Household) COP35,000
              Cable Television COP60,000
              Internet, Telephone Included In Cable
              Entertainment (Dining, Movies, Bars, Etc.) COP825,000
              Rent COP1,500,000
              Monthly total COP3,305,460.
              Click here for currency conversion at today’s exchange rate.

              Of course, much better prices in cost of living and real estate can be found in specific parts of this South American country.

              Read more: Medellín, Colombia: The Cheapest Real City In The World 

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                A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In , Plus FREE access to our upcoming 2025’s Top 14 Retirement Havens Webinar.
                Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

                Reviewed By Lief Simon

                Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

                Start Your New Overseas Life Today

                A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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                  Cost Of Living In Colombia- FAQs

                  Colombia has a temporary visa. To get it, you will need to provide proof that you have accepted a job in Colombia. Colombia visas for temporary work are issued for a two-year term.

                  Once your work visa is approved, you will need to register for your Colombian foreign identification card. There are 14 classes of the temporary work visas.

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