At 8200 feet the climate of Cuenca, Ecuador is mild year round. It was rated the top city to retire in for 2009 by International Living Magazine. Why?
Ecuador itself is mostly undiscovered as a retirement destination for US retirees. This will not last long.
In Cuenca, a city of 450,000 people only 700 are expats...so this is still a ground floor opportunity for savvy retirees.
Cuenca has been designated a World Heritage Trust site by UNESCO due to its historical buildings. It also has 12,000 university students giving it a young, vibrant feel.
The cost of living is very low in Ecuador...you can live well for $1,000 a month...really well for $2,000 a month. Real estate is so cheap that two homes, one here and one on the beach is within the reach of many US retirees.
In Cuenca itself there is a 17 story condo project, it is the tallest building in Cuenca. You can purcahse the penthouse...2100 square feet for $200,000...
Want to rent first, always prudent, a furnished 2 bedroom apartment averages $350 a month. Convinced this is a inexpensive place to live?
Health care is first class...most pay as they go Dr visit is $25...Cadillac insurance $113 per month per couple
The currency is the US dollar
It is safe
It reminds residents of the US in the 1950's
Living in Ecuador, makes sense for many...retire in Cuenca, Ecuador and retire to a city with few equals.