Affordable cost of living in Uruguay
While expats in Uruguay say living there is not rock-bottom cheap, they also say they wouldn't consider living anywhere else.
Savings are huge, not just on public transportation, but on big-ticket items like health care and health insurance, property taxes and wine (if big-ticket bottles aren't for you, try the local varietal, Tannat.)
If you own your own home or apartment and don't have car-related costs, you can live comfortably in Montevideo on $2,000 a month. One expat couple, living in Montevideo's upscale Pocitos neighborhood, say they spend $3,000 to $4,000 a month and don't deny themselves anything.
Uruguay offers excellent health care
One of the best things about Uruguay is the quality and affordability of health care and health insurance. Everyone is entitled to quality medical care via the national health care system, and this includes foreign residents. But most expats opt for private coverage through a private hospital or mutualista (health cooperative).
Montevideo's British Hospital is one of the country's best hospitals and has strict rules about age and pre-existing conditions. But one expat couple reports that, despite pre-existing conditions, they pay just $1,700 per year for a policy through the British Hospital similar to one that cost $17,000 per year in the U.S.
Local mutualistas in smaller communities can cost even less and are usually not as strict about qualification requirements. Not a single expat we interviewed in Uruguay was unable to obtain coverage, despite pre-existing conditions such as diabetes, heart issues -- even cancer.
A 63-year-old man with high blood pressure, for example, has coverage from a local mutualista for just $70 per month -- and that covers everything from checkups to hospitalization to medications, with a small $6 co-pay for office visits. Andrea Cavallo of CCM Soluciones is a health-care facilitator in Uruguay who specializes in helping expats find the best health-care options.
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Something is wrong with this article. I live in Las Cruces, NM, a US retirement city (mentioned one of the best by Forbes magazine) my house is a 2 bed, 2 bath, garage, high ceiling, back yard, nice neighborhood close to hospitals, shopping , fire, police station, low tax, nice climate and my mortgage is $110,000. Why retire in a foreign country when you can do the same here in the US, just need to do a little research to know where. Yes, there still hope for retirement in the US. By the way, I came from a Latin country.
Real estate prices are insanely high and recent articles in one of Urguay's major online newspaper show that the real estate market is floundering since the Argentines are pulling back their investments.
'Expats' usually are conmen(women) who are preying on people. BEWARE.
First things first...what kind of work are expats doing, and what are they making?
It sounds like a nice place to visit, but how dare the author/editor imply in the title that the American Dream is better found in Uruguay. My parents emigrated to this country and started their own business. They were able to watch their children grow up with full bellies and warm beds from their own sweat. There wasn't a word about entrepreneurship in the article.
The American Dream IS NOT about sitting at a roadside cafe drinking espresso. Most immigrants came to America to escape European villages exactly like this. They didn't want it. They thought they could do better - in America.
The information in this article was interesting, but the title was complete link-bait.
I spent one day and one night in Montivideo back in 2003. Actually, I was on a cruise and Montivideo was a port of call. I enjoyed the city, it's people and architecture. I retire in (4) years. And like most Americans of modest means, I'm looking at overseas retirement options. Costs are too staggering in America.... . and will get worse.
Obviously, visiting and vacationing in a region is totally different from living there. I agree $123,000 for a 645 sq. ft shoe box anywhere is a bit much..... particularly in South America. I toyed with the idea of buying; but I think I'll just rent for 3- 4 months of the year when I'm out of the U.S. during retirement years.
I'm not convinced this is a place older retirees want to live. What about medical services, taxes, etc?
I now live in a small town in Kansas where a nice, older home can be bought for $120,000, property taxes are average, the town has a University with an enrollment of well over 10,000, 10 well maintained city parks, a new sports arena. A large hospital and medical centers(including one that well serves those with low incomes). The yellow pages list well over a hundred Physicians, Dentist, and other professionals that serve all the needs of a wide area. The crime rate is low, the unemployment rate is below 4%, and there is free access to many public buildings that serve the needs of thousands of people. The town has an abundance of Churches, schools, etc. We have a first rate nationally acclaimed Library. A first rate Police and Fire department. And other things that make this a nice town to live in. And no, I'm not working for our first rate Convention and Visitors bureau, and did I forget to mention we have 2 first rate golf courses and a wonderful swiming pool?
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