FIRE Through Geographic Arbitrage
If you're an American wondering when you will ever save and invest enough money to reach FIRE, then I'd like to bring your attention to an idea you may not have considered: you can retire outside the USA.
Many countries around the world have lower costs of living than America. I've compiled a list of cities with data taken from Expatistan comparing the costs of living in major metro areas around the world with a $4,700 monthly budget in Tampa, Florida, a popular American retirement city.
Here is the list:
| Annual | Monthly | City | Savings |
| $20,868 | $1,739 | Mendoza | 63% |
| $28,200 | $2,350 | Buenos Aires | 50% |
| $28,764 | $2,397 | Da Nang | 49% |
| $29,892 | $2,491 | Medellín | 47% |
| $30,456 | $2,538 | Penang | 46% |
| $30,456 | $2,538 | Ho Chi Minh City | 46% |
| $32,148 | $2,679 | Bangkok | 43% |
| $32,712 | $2,726 | Bogota | 42% |
| $33,276 | $2,773 | Manila | 41% |
| $33,840 | $2,820 | Pula | 40% |
| $33,840 | $2,820 | Casablanca | 40% |
| $34,404 | $2,867 | Kuala Lumpur | 39% |
| $36,660 | $3,055 | Cape Town | 35% |
| $37,788 | $3,149 | Jakarta | 33% |
| $39,480 | $3,290 | Santo Domingo | 30% |
| $40,044 | $3,337 | Zagreb | 29% |
| $40,608 | $3,384 | Rio de Janeiro | 28% |
| $41,172 | $3,431 | Santiago | 27% |
| $44,556 | $3,713 | Saint-Étienne | 21% |
| $45,684 | $3,807 | Montevideo | 19% |
| $46,248 | $3,854 | Lisbon | 18% |
| $46,812 | $3,901 | Naples | 17% |
| $49,632 | $4,136 | San Jose | 12% |
| $50,760 | $4,230 | Florence | 10% |
| $51,888 | $4,324 | Barcelona | 8% |
| $51,888 | $4,324 | Bordeaux | 8% |
| $53,016 | $4,418 | Venice | 6% |
| $54,144 | $4,512 | Nice | 4% |
| $55,836 | $4,653 | Brussels | 1% |
| $56,400 | $4,700 | Tampa | 0% |
| $57,528 | $4,794 | Edinburgh | -2% |
| $57,528 | $4,794 | Perth | -2% |
| $58,092 | $4,841 | Cologne | -3% |
| $58,656 | $4,888 | Cleveland | -4% |
| $58,656 | $4,888 | Christchurch | -4% |
| $60,912 | $5,076 | New Orleans | -8% |
| $61,476 | $5,123 | Cork | -9% |
| $62,040 | $5,170 | Munich | -10% |
| $62,604 | $5,217 | Bristol | -11% |
| $65,424 | $5,452 | Melbourne | -16% |
| $68,808 | $5,734 | Portland | -22% |
| $69,372 | $5,781 | Aukland | -23% |
| $71,064 | $5,922 | Paris | -26% |
| $71,628 | $5,969 | Chicago | -27% |
| $72,192 | $6,016 | Singapore | -28% |
| $73,884 | $6,157 | Sydney | -31% |
| $73,884 | $6,157 | Copenhagen | -31% |
| $76,140 | $6,345 | Miami | -35% |
| $76,140 | $6,345 | Seattle | -35% |
| $77,268 | $6,439 | Dublin | -37% |
| $78,960 | $6,580 | Boston | -40% |
| $80,652 | $6,721 | Washington DC | -43% |
| $84,600 | $7,050 | London | -50% |
| $86,856 | $7,238 | Hong Kong | -54% |
| $89,112 | $7,426 | Geneva | -58% |
| $92,496 | $7,708 | New York | -64% |
| $93,060 | $7,755 | San Francisco | -65% |
Consider this list an initial comparison that helps you focus your efforts for further study. If you want to try your own comparisons, try out Expatistan.com.
Posted by Gregg Nichols | Permalink
|
Comments (0)
Comments