1. Cebu, Philippines
Island life with a low cost of living is the retiree dream, no?
Rent: $450
Basic groceries for a couple: $200
Electricity: $30
Water: $10
Gas: $10
Cable: $30
Internet: $40
Landline phone: $10
Entertainment: $250
Total: $1,030
2. Chiang Mai, Thailand
When you retire to Thailand, an added bonus is the access to high-quality, low-cost hospitals that have made the country a hub for medical tourism.
Rent: $400
Basic groceries for a couple: $250
Electricity: $35
Water: $5
Gas: $5
Cable: $20
Internet: $20
Landline phone: $10
Entertainment: $250
Total: $1,000
3. Cuenca, Ecuador
Gorgeous weather and affordable real estate are just some of the draws of living in Cuenca.
Rent: $450
Basic groceries for a couple: $300
Electricity: $40
Water: included with electricity
Gas: $5
Cable: $30
Internet: $35
Landline phone: $20
Entertainment: $320
Total: $1,200
4. Granada, Nicaragua
An estimated 1,000 expatriates live in Granada, and a majority of them are retirees, writes Viva Tropical.
Rent: $300
Basic groceries for a couple: $175
Electricity: $40
Water: $7
Gas: $15
Cable: $20
Internet: $45
Landline phone: included with Internet
Entertainment: $150
Total: $752
5. Hoi An, Vietnam
Having what is considered to have some of the best weather in Southeast Asia, the low cost of living and gorgeous coastlines are drawing budget-conscious and adventurous retirees.
Rent: $550
Basic groceries for a couple: $150
Electricity: $50
Water: $20
Gas: $5
Cable: $30
Internet: $15
Landline phone: $5
Entertainment: $250
Total: $1,075
6. Medellin, Colombia
Culturally rich and pleasant, Medellin rounds out this list of affordable retirement cities. It also has more going for it than being a retirement haven: it was recently named the "Innovative City of the Year" by Citi and the Marketing Services Department of the Wall Street Journal.
Rent: $550
Basic groceries for a couple: $250
Electricity: $90
Water: included with electric
Gas: included with electric
Cable: $20
Internet: $45
Landline phone: included with Internet
Entertainment: $300
Total: $1,255