Granada, Nicaragua. A Spanish-colonial city can be a great choice for retirement, and Granada is one of the best options. This city has a great variety of classic and charming Spanish-colonial homes with high ceilings, painted tiles and private courtyards that you can own for as little as $40,000. Granada is among the most carefully restored and preserved colonial cities in the Americas. This city of 120,000 has a sizeable expat community and attracts many international travelers with its upscale hotels, fine restaurants and well-kept buildings. Many parts of the city are walkable, and the nearby airport in Managua provides many connections to the United States. However, Granada maintains an authentically Nicaraguan feel. You will be able to sample local delicacies and pottery is made by hand. You may even see old oxcarts in the streets. The city is a blend of native Nicaraguan life with modern amenities. You can qualify for Nicaragua’s retiree residency visa program with as little as $600 per month of retirement income. But you’ll probably need a budget of at least $1,200 per month to live here comfortably.
International Living really does a proficient job in selling the dream of retiring overseas and this is a good “get” for them to be published in US News. However, they do omit lots of very important details but once you’ve sold up back home and plopped down in Granada, they don’t really care about what troubles and travails you will experience once you are actually living here! And yes, I am a wee bit jealous of their success! 🙂