Tuesday, June 4, 2013

Retire or relocate # 2



Next in the series of places to relocate to, let's take a look at Medellin, Columbia.

Where: Medellin is the second largest city in Columbia, located in the Aburra Valley in the northern area of the Andes. 

Fast facts:
Population: around 4 million; the city is mostly safe, relatively clean and without litter.
Weather: The weather is fairly constant year-round between 59F to 86F, a tropical rainforest climate. No need for heating or cooling. City is known as the ‘city of eternal spring”, with trees and flowers, greenery and parks.
Language: Spanish, very little English spoken
Currency: Pesos: 12.54 = 1 US
Transport: Metro train, taxi, bus.  The Medellin Metro is efficient and runs smoothly; therefore owning a vehicle may not be a necessity. Taxis are available and the fee are low at +- $4/8/trip depending.
To do: Medellin has 20 public libraries, 40 museums, 21 public parks and 28 theaters, outdoor parks, museums, universities. Shopping malls, gyms, restaurants, Spanish classes, dance academies and excellent coffee.
Hospitals: 5, local health care is rated good. (US citizens can’t use Medicare)

Approximate costs below are guidelines sourced via the web:

Cost of living in US dollars:
Medellin, Columbia can be approximately $1,500/m - $1,890/month
Rent:  3 bed luxury apartment = $700
Gas = $25
Utilities = $150, sewer, garbage & water
Transport = $25
Electricity = $50
Tel = $10
Cable = $20
Internet = $20
Maid services/full time = $350
Groceries = $400
Entertainment = $300, eating out, movies, other
Total = around $1890/month
Other info: cell/unlimited internet $32/month
Internet chat/free

Approximate cost for smaller apartment
$1,000-$1,500/month in Poblano, or Nueva
1 bed apartment from $350
Utilities = $50
Eat out = $5-$15/meal
Other: = $200
Total = around $1,000/month

US citizens see Embassy warnings before traveling abroad.

Recommended Dish: Bandeja Paisa: chicken or beef served with rice, banana, egg, and chorizo

References: Wikipedia, CIA fact file, Reuters. Comments and feedback is appreciated!

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