Cost Of Retirement by Country

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JANUARY 2015:

MY CRITERIA FOR ESTABLISHING THESE COSTS WERE:

  • Eating Breakfast and Lunch from a Daily Menu in a Business District (or Inexpensive Restaurant)
  • Eating a 3-Course Dinner in a Neighbourhood Pub (or Mid-Range Restaurant)
  • Drinking 2 cappuccinos and 3 pints of beer a day in a Pub / Restaurant
  • Renting a 85-90sqm, 1-Bedroom, Furnished Apartment in an Expensive Area of town (or City Centre)
  • Including Utilities and Internet
  • Using Public Transport

All costs are in New Zealand Dollars (as a simple rule, divide by 2 to get Pounds Sterling).

COUNTRY
 MY RETIREMENT COST PER YEAR
 MY RETIREMENT COST PER DAY
 Expatistan / Numbeo Average
 Expatistan
 Numbeo
New Zealand – Wellington  $ 58,400  $ 160  $ 159  $ 179  $ 139
Albania – Gjirokaster  $ 27,375  $   75  $   61  $   70  $   51
Belize – Belize City  $ 34,675  $   95  $   78  $   86  $   69
Bosnia – Mostar  $ 23,725  $   65  $   53  $   62  $   43
Bulgaria – Nessebar  $ 23,725  $   65  $   58  $   67  $   49
Cambodia – Sihanoukville  $ 20,075  $   55  $   44  $   50  $   38
Dom Rep – Santo Domingo  $ 32,850  $   90  $   77  $   90  $   63
Ecuador – Cuenca ???  $ 20,075  $   55  $   46  $   55  $   38
El Salvador – San Salv.  $ 29,200  $   80  $   66  $   97  $   35
Guatemala – Antigua  $ 23,725  $   65  $   56  $   62  $   50
Honduras – Roatan  $ 27,375  $   75  $   63  $   68  $   57
India – Goa  $ 14,600  $   40  $   32  $   41  $   23
Macedonia – Ohrid  $ 18,250  $   50  $   37  $   43  $   32
Malaysia – Penang  $ 23,725  $   65  $   62  $   87  $   38
Malaysia – Malacca  $ 21,900  $   60  $   51  $   70  $   32
Mexico – Guadalajara  $ 25,550  $   70  $   51  $   57  $   45
Mexico – Cancun  $ 32,850  $   90  $   74  $ 108  $   40
Montenegro – Kotor  $ 32,850  $   90  $   70  $   80  $   61
Nicaragua – Granada  $ 20,075  $   55  $   45  $   53  $   37
Nicaragua – Corn Isles  $ 25,550  $   70  $   55  $   55
Panama – Panama City  $ 29,200  $   80  $   71  $   80  $   63
Philippines – Palawan  $ 21,900  $   60  $   49  $   50  $   48
Thailand – Tourist Island  $ 21,900  $   60  $   49  $   50  $   48
Vietnam – Phu Quoc  $ 18,250  $   50  $   40  $   40  $   40

Compare my figures with the International Living Retirement Index 2014.