Colombia

This South American nation, which is situated on the northwest coast of the continent, is home to a variety of towns, beaches, rainforests, and mountains. Bogota's cost of living is roughly 62% lower than that of the US, while rent is 82% less expensive. Cities and inland communities have different prices, and there are different types of homes available. The cost of living is 71% lower and the cost of housing is 88% lower in the city of Bogota than it is in New York. Modern public and private hospitals in Colombia offer high-quality, reasonably priced healthcare. Citizens and holders of a national ID card have access to the public health plan, including the ability to pay premiums. Additionally, private insurance is offered.

The Pensionado visa, which is most frequently used by retirees, is one of many visa classifications. Applicants must demonstrate a minimum monthly income of at least three times the minimum wage in Colombia in order to be granted the visa. Pensions, Social Security, and savings are possible sources of income. Currently, a monthly salary of at least $750 is necessary. Retirees can apply for a residence visa after five years. Additionally, foreign ID cards that grant access to the healthcare system and other advantages are available to visa holders.