U.S. markets open in 5 hours 53 minutes
  • S&P Futures

    +31.75 (+0.83%)
  • Dow Futures

    +172.00 (+0.54%)
  • Nasdaq Futures

    +192.50 (+1.57%)
  • Russell 2000 Futures

    +22.10 (+1.00%)
  • Crude Oil

    -0.24 (-0.37%)
  • Gold

    +16.60 (+0.99%)
  • Silver

    +0.33 (+1.31%)

    +0.0042 (+0.36%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Vix

    +0.43 (+1.74%)

    +0.0063 (+0.46%)

    -0.1510 (-0.14%)

    +4,039.62 (+8.09%)
  • CMC Crypto 200

    +62.45 (+6.10%)
  • FTSE 100

    -5.78 (-0.09%)
  • Nikkei 225

    +284.69 (+0.99%)

The Best Places to Retire in Latin America

Kathleen Peddicord

Many cities in Latin America provide a high quality of life at an affordable price. Your current income will stretch further if you are willing to relocate for retirement to South or Central America.

The best places to retire in Latin America include:

-- Cuenca, Ecuador.

-- Fortaleza, Brazil.

-- Mazatlan, Mexico.

-- Medellin, Colombia.

-- Ambergris Caye, Belize.

-- Mendoza, Argentina.

-- Las Terrenas, Dominican Republic.

-- San Ignacio, Belize.

-- El Valle de Anton, Panama.

-- La Barra, Uruguay.

-- Viña del Mar, Chile.

-- Santo Domingo, Dominican Republic.

Creating a new life overseas can add excitement and new challenges to your retirement, as you learn to navigate the local customs and languages. Consider these retirement spots in Latin America.

[See: The Best Affordable Places to Retire Overseas in 2020.]

Cuenca, Ecuador

Cuenca is an affordable city that provides the services, amenities and conveniences that make life comfortable. This historic city has one of the most authentic Spanish-colonial settings in the region. It's also a healthy place to live, with fresh air and abundant sunshine. There's a big and growing expat community and still plenty of opportunities to interact with locals. Ecuador uses the U.S. dollar, so retirees in this country have no currency exchange concerns.

Fortaleza, Brazil

Among the many beautiful coastal towns in Brazil's northeast region, Fortaleza stands out for its sophisticated beachfront living, chic city neighborhoods and colorful historic center. This is one of the most visited cities in Brazil, thanks to its excellent weather, quality white sand beaches and standard of services and amenities. The seaside boardwalk is cheerful and bustling day and night with joggers, strollers and swimmers. Each morning, local fishermen pull their boats ashore to tempt you with the day's fresh catch. The current strength of the U.S. dollar versus the Brazilian real makes the cost of living and the price of an oceanside home of your own a bargain.

Mazatlan, Mexico

Mexico is home to more American expats and retirees than any other country. Mazatlán, on Mexico's Pacific coast, is one of the few places in the world where you can walk for miles on an uncrowded beach within the city limits. This city has beautiful beaches and a walkable colonial center that's both a popular expat choice and an authentic Mexican resort town. The weather in December through June is ideal, making Mazatlán a top choice for snowbirds. Retired in Mexico, you'd be a drive or quick flight away from accessing your Medicare benefits in the United States.

Medellin, Colombia

Medellin is a city of parks and flowers that is pretty, tidy and pleasant. It is also one of the world's most progressive and innovative cities, with state-of-the-art infrastructure and environmentally conscious developers and planners. Most of the buildings are constructed of red brick and topped with red clay roof tiles. The overall effect is delightful. Thanks to its mountain setting, Medellin is one of a handful of cities throughout the world that qualifies as a land of eternal springtime, meaning no heating or air conditioning is required, keeping utility costs low. The European undertones in Medellin are strong, from the style of dress to the way people greet each other in passing on the street. Thanks to the current exchange rate between the Colombian peso and the U.S. dollar, all of this is available to American retirees at a dramatically discounted cost.

Ambergris Caye, Belize

Home to one of the world's biggest communities of foreign retirees, the former fishing village of San Pedro on Ambergris Caye is a quintessential laid-back beach town that has evolved to provide the services, conveniences and amenities retirees look for, including wine and cheese shops and spas and fitness centers. The welcoming expat population actively supports the local community with fundraisers for local schools and churches, and there are many opportunities to become involved as a volunteer. Life on Ambergris is lived outdoors and in the water. These shores offer some of the world's best snorkeling, diving and fishing.

[See: The 10 Best Places to Retire in Europe.]

Mendoza, Argentina

Mendoza is wine country, and where vines grow, the living is generally good. Here in the interior of Argentina, food, wine and interesting conversation are the priorities of life. This region's laid-back atmosphere, safe cities, developed infrastructure, unspoiled culture, affordable cost of living and friendly people combine to create an idyllic lifestyle. This is a good choice for active retirees who aren't ready to sit back rocking on the front porch. You could spend your days skiing, hiking, climbing, bird-watching, white-water rafting, kayaking and even kite-surfing and your evenings practicing the tango. Plus, Argentina has more golf courses than the rest of Latin America combined.

Las Terrenas, Dominican Republic

The Dominican Republic is more than an all-inclusive resort destination. This country's miles of white sand beaches attract growing numbers of tourists, but this is also a top Caribbean choice for retirement living. Dominicans are generally friendly and hospitable, and the area is warm and welcoming to newcomers. Las Terrenas is not just another sandy beach town. This island outpost is more cosmopolitan than you'd imagine and provides developed world niceties not normally associated with life on the Caribbean Sea.

San Ignacio, Belize

San Ignacio is the heart of this country's rainforest interior. This is a region of mountains, Mayan ruins, rivers and waterfalls. Belize's frontier is a place to stake a claim and make your own way. The wide open spaces around San Ignacio appeal to adventuresome and independent people. Living here, you'd enjoy elbow room, far-reaching vistas and a clean slate. You could start over and rebuild your life with the help of a fast-growing community of expat retirees.

El Valle de Anton, Panama

The mountain town of El Valle is the only settlement in the world contained within the walls of a volcano. About 90 minutes away from Panama City, El Valle is an escape from Panama's chaotic capital. Known for its mineralized springs, healing mud baths and generally healthy environment, El Valle is just a half-hour from Panama's City Beaches, the country's most developed coastal stretch.

La Barra, Uruguay

Uruguay is a safe, stable democracy with first world infrastructure, low rates of corruption and a generally high standard of living. La Barra, on Uruguay's Atlantic coast, is midway between Montevideo and the border with Brazil. It's a small town of neat white houses, beautiful beaches, great restaurants, quiet, wooded neighborhoods and more nightlife than you expect in a place this size. This is a walkable town that offers all the services, comforts, conveniences and even luxuries of 21st century living.

[See: The Best Beach Towns to Retire in the U.S.]

Viña del Mar, Chile

Viña del Mar is Chile's top seaside escape with all the amenities of a resort town, plus a casino. The water is drinkable, phone and internet services are fast and reliable, and public transportation is modern and efficient. Viña del Mar is a fully developed city with shopping centers, theater, orchestra and administrative services. Temperatures are mild year-round, the ocean breeze is fresh and the dining options are top-notch. One downside: Thanks to the Humboldt current, ocean temperatures are seldom warm enough for swimming.

Santo Domingo, Dominican Republic

Santo Domingo, founded in 1496 by Christopher Columbus's brother Bartholomew, is the original Spanish-colonial outpost and home to the first cathedral built in the Americas. The city is undergoing a rebirth. Road and utility infrastructure is being improved, and apartment towers, hotels and shopping malls are being built to support growing numbers of tourists and business travelers. The government is committed to attracting both foreign investment and foreign retirees, offering tax incentives and affordable residency options.

More From US News & World Report