7. Colombia: Spring-like Weather and Excellent Healthcare

Colombia has shed its turbulent past to become one of the most exciting expat retirement locations in the Americas. The city of Medellín, known as the “City of Eternal Spring,” offers near-perfect weather year-round, eliminating heating and cooling costs entirely. The surrounding Coffee Triangle offers tranquil, emerald-green landscapes for those who prefer rural living.

The World Health Organization ranks Colombia’s healthcare system higher than that of the United States, and several of Latin America’s top hospitals are located in Bogotá and Medellín. Premium private health insurance costs a fraction of US premiums. With an income of $1,500 to $2,000 a month, a couple can rent a penthouse apartment, dine at gourmet restaurants, and enjoy a vibrant cultural scene without ever touching the principal of their $150,000 nest egg.