TrumpCare May Lead to Massive Internal Migrations.

[MineralMan]

39. The differences in cost of living are far larger

than that. Looking at cost of living on a monthly basis, given the concept of renting an apartment, that monthly cost in the top 10 most popular countries with retirees ranges between about $1500-$2500 per month, and that's the total cost of living, including rent, food and other normal expenses. Compare that with the cost of living almost anywhere in the US, and you can see that $109 per month is insignificant, really.

Of course, this is for healthy retirees. Medical care is another matter, although it is generally much less expensive in those countries than in the United States. In some cases, if you acquire permanent residence status, you are covered by that nation's health care system, but that varies.

There's a lot of information about this on the web. It has become an alternative choice for some retirees without large retirement savings, since it is actually possible to live on a couple's Social Security benefits alone in some of those countries. For those who own property outright in the US, the proceeds from the sale of that property makes an excellent buffer.

Typically such retirees have their SS benefits automatically deposited in a US bank account and transfer funds to the local banking system. It's easy to do nowadays.