Retirement is one of the most important moments in life. At this time, people usually seek to prioritize tranquility and rest, especially for people who manage to obtain a pension that allows them not to work again in these years.
In addition to rest, some people take advantage of this time to fulfill dreams that at another time in their life they would not have been able to achieve due to lack of time or money. For this reason, it is very common for people who retire, move or change their place of residence.
Colombia is one of the favorite destinations to spend retirement. This is indicated by the ranking carried out by US News, which indicates that the country is in 56th place in the comfortable retirement classification.
In fact, there are several cities that stand out both for their tranquility and for their low cost of living, which makes them more attractive for pensioners.
What is the cheapest city to live as a pensioner?
According to the LivingCosto.org platform, an international cost of living calculator, the cost of living in Colombia for a person who lives alone is $2,914,450 COP, making it the third cheapest country in Latin America. However, this cost of living may be even lower, depending on the city you are located in.
According to the Consumer Price Index (CPI), which measures the evolution of the average cost of the family basket and services and calculated by the National Administrative Department of Statistics (DANE), the cheapest city at this time to live is Santa Marta.
In the last year, its CPI has been 1.7%, which means that it has had a minimal change in its prices, compared to cities like Tunja and Riohacha, which have a CPI variation of over 3 percentage points.
How much does it cost to live in Santa Marta?
The Living Cost platform averages what a person and a family of 4 would need to live in the capital of Magdalena.
According to the platform, a person would need $2,795,493 to live comfortably in Santa Marta, including rent. The average cost of living would be divided like this by month:
Rent and utilities: $1,292,667
Food: $951,657
Transportation: $246,241
It is important to note that the values indicated above are averages, which means that it is possible that monthly expenses in the city vary depending on the level of comfort and other factors.
Why would it be a good place to spend retirement?
In addition to having a lower cost of living than in other parts of the country, this city has other great attractions that make it one of the favorites for people reaching retirement. Some of these reasons are:
Its climate: Santa Marta has a tropical climate, which allows you to enjoy mainly warm temperatures throughout the year. In addition, being close to the sea, you can enjoy the beach and the breeze, spending very quiet afternoons.
The culture: it has a large number of interesting stories and traditions that can attract the attention of the curious, especially because of the great personalities who have come from there, such as Gabriel García Márquez or Carlos Vives.
Gastronomy: it offers a wide variety of typical dishes and meals, where the protagonist is the sea. Some of the dishes that can be eaten at any time of the day are fish soups, coconut rice with fish or typical coconut or enyucado sweets.
Tourist destinations: it has a large number of tourist places, which means that, whenever you want, you can embark on a great adventure just a few kilometers away, thus enjoying both the beach and hiking among the mountains.
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