World's 10 best cities to retire on a budget
The duo took time out from their idyllic life in Ecuador to rank the cities that are best-suited to U.S. retirees. The criteria they used was heavily financial -- cost of housing, transportation, groceries, eating out and health care. They also factored in city amenities and the vibe of the expatriate community, as well as how easy or difficult it is to fly back home to see friends and relatives. Areas that draw a lot of U.S. expatriates, so you can socialize and shop in English, were favored.
Just how much does it cost to live in these communities? That, of course, depends on you. But Prescher and Haskins say their personal annual expenses in Ecuador amount to about $25,000 a year, and they're not skimping.
10. Malaga, Spain
9. Penang, Malaysia
8. Cuenca, Ecuador
7. Granada, Nicaragua
6. Coronado, Panama
About an hour outside of bustling Panama City, along the beautiful Pacific coastline, lies Coronado. Long popular with locals for holiday weekends, the beach town has recently become a favorite of expatriates, who appreciate the modern shopping centers and supermarkets, as well as the health clinic. There's even a golf course and an equestrian center. Panama's official currency is the U.S. dollar and the country offers discounts for retirees on everything from utility bills to restaurant meals, entertainment and medical services.