What Indexes should be Considered to Find Retirement Countries? - part 2

Monday, December 23, 2019
One of Budha temples in Indonesia

We have talked about of cost of living index at previous post: What Indexes should be Considered to Find Retirement Countries? - part 1

Another important index to considered as cheaper place is local purchasing power index.

This index refers to the power to purchase (goods and services) based on local salary, then, the index is compared to USA (New York).

As an example, country with local purchasing power index 45 means that:
- people of that country can afford to buy 45% good than their peer in New York, USA.

Moreover, Marlene Satter (2019) wrote article about 15 Cheapest Countries for Retirement (Some of Which May Surprise You).”

6 of them are following (may not in order):


1. Sri Lanka
- Cost of living index is 30.24 and Local purchasing power index is 17.36

2. India
- Cost of living index is 24.17 and Local purchasing power index is 17.15.

3. Malaysia
- Cost of living index is 39.38 and Local purchasing power index is 22.75.

4. Pakistan
- Cost of living index is 20.40 and Local purchasing power index is 15.42

5. Columbia
- Cost of living index is 30.15 and Local purchasing power index is 22.46

6. Indonesia
- Cost of living index is 36.24 and Local purchasing power index is 18.02

Other countries considered cheaper are: Philippines, Mexico, Vietnam, Serbia and Bulgaria.

Have you planned to retire overseas? Where?

24 comments:

  1. This is some great information, it's very interesting too. It is good of you to share this with us, thank you for doing that.

    Merry Christmas & Happy New Year to You!

    ReplyDelete
    Replies
    1. many options to retire....Merry Christmas & Happy New Year to You!

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      One of Budha temples in Indonesia

      Delete
  2. I like it in Canada, although it is cold.

    ReplyDelete
    Replies
    1. I see....some friends migrate to Canada....beautiful country

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      We have talked about of cost of living index at previous post: What Indexes should be Considered to Find Retirement Countries? - part 1


      Delete
  3. Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      Another important index to considered as cheaper place is local purchasing power index.

      Delete
  4. Once again, those SE Asian countries are tempting! Philippines would be my choice. It would be such a long flight for our daughter, though. I suppose she could move with us. Mexico is an interesting idea. My wife would never go for it, though.

    ReplyDelete
    Replies
    1. I see...god luck for you and yours

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      This index refers to the power to purchase (goods and services) based on local salary, then, the index is compared to USA (New York).

      Delete
  5. very interesting information πŸ˜ƒ
    Regards
    Lili

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      As an example, country with local purchasing power index 45 means that:
      - people of that country can afford to buy 45% good than their peer in New York, USA.

      Delete
  6. Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      Moreover, Marlene Satter (2019) wrote article about “15 Cheapest Countries for Retirement (Some of Which May Surprise You).”

      Delete
  7. Perhaps, Canada. I always was fascinated by this country.
    Merry Christmas to you and your loved ones!

    ReplyDelete
    Replies
    1. I see....Canada is beautiful country, but cold....

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      6 of them are following (may not in order):

      Delete
  8. Thanks for the interesting post. ))

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      1. Sri Lanka
      - Cost of living index is 30.24 and Local purchasing power index is 17.36

      Delete
  9. We would love to retire to another country for the adventure and more warmth. Maybe it will happen!

    ReplyDelete
    Replies
    1. Hope, come true....

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      2. India
      - Cost of living index is 24.17 and Local purchasing power index is 17.15.

      Delete
  10. Estupendo post! Muchas gracias por tus bonitas palabras en mi blog! Feliz Navidad! πŸŽ„πŸŽ„πŸŽ„
    Merry Christmas! πŸŽ…πŸŽ…πŸŽ…

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      3. Malaysia
      - Cost of living index is 39.38 and Local purchasing power index is 22.75.

      Delete
  11. Interesting information! Don't think I'm leaving the USA! Hope you had a happy day!

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      4. Pakistan
      - Cost of living index is 20.40 and Local purchasing power index is 15.42

      Delete
  12. I don't think I will retire overseas, but I wouldn't mind spending large amounts of time in countries like Vietnam.

    www.thepulpitandthepen.com

    ReplyDelete
    Replies
    1. I see...

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 2
      -
      5. Columbia
      - Cost of living index is 30.15 and Local purchasing power index is 22.46

      Delete