How Almost Anyone Can Afford to Retire in Belize

retire in belize

With longer life spans and improved health care, it’s no surprise that many people start planning their retirement years before they stop working. But faced with growing uncertainty about how to fund that retirement, it’s easy to see why more and more Americans are choosing to move abroad.

One of the top destinations for American retirees is Belize. Located just south of Mexico’s Yucatan Peninsula and a short flight from the United States, Belize is a country famous for its balmy weather, gorgeous tropical islands, and lush rainforest interior.

Here are some of the reasons why almost anyone can afford to retire in Belize:

English

Belize is the only country in the region where English is the official language. Not only does this make it easy to get around and speak to locals, but it will save you a ton of money as well. Whether you’re buying property, negotiating contracts, or reading documents, you’ll never have to hire a translator.

Cost of Living

Not everything is cheaper in Belize than the United States, but generally speaking, the cost of living in Belize is far more affordable. Several prominent publications have estimated that an American with an average monthly income of around $1,000 can live comfortably in Belize.

Here is a list of some things that are far more affordable in Belize:

  • Food – Belize is famous for its fresh-caught seafood and abundance of organic produce, including chocolate, fruits, and coffee.
  • Help around the house – Most retirees find that they can hire domestic help for around $10-20 per day.
  • Buses – Belize has a network of public buses that will get you anywhere in the country for $20 or less.
  • Taxes – Belize imposes no tax on income earned abroad, has no capital gains tax, and property taxes are an average of 1.5% of the undeveloped value of property.
  • Health Care – Belize has a comprehensive network of hospitals, clinics, and pharmacies. For most health care needs, you’ll pay far, far less for the equivalent product or service than in the United States.
  • Real Estate Amazingly, it’s still possible to get beachfront property for a fraction of the price of an equivalent site in the United States.

Orchid Bay is a great place to live and retire in Belize. For more information about Orchid Bay, click here.

 

Top Places to Stay in Belize






Belize Tour Companies and Travel Agents

Belize Real Estate Opportunities






June 17, 2018

Latham: Hard work must be the national symbol of Belize

BELIZE CITY, Belize — Belize is tiny for a country — about the land size of Maryland — but it...
Read More
June 17, 2018

7 Ambergris Caye Restaurants Secret Special Request Options

Once you have lived on Ambergris Caye awhile, you get to know which restaurants have off-menu special request options. Read...
Read More
June 12, 2018

Please Belize Me: Ten Reasons to Put Ambergris Caye on Travel List

After a year of procrastination and poor planning, Belize finally made it on my to do list in 2018. Read...
Read More
June 12, 2018

Autograph Collection Hotels Set to Debut in Belize with the Opening of Alaia

Autograph Collection Hotels, in partnership with owner and developer Andrew Ashcroft, today announced the brand will debut in Belize with the...
Read More
June 12, 2018

5 Reasons to Vacation in Belize this Summer

Summer is the busiest season for travel to Europe. That’s where most vacationers are headed during the months of June,...
Read More
June 12, 2018

World Oceans Day celebrated in Belize

This year’s initiative is focused at preventing plastic pollution and encouraging solutions for a healthy ocean. Read more: http://lovefm.com/world-oceans-day-celebrated-belize/
Read More
June 12, 2018

Private Indulgence In An Island Sanctuary In Belize

Your own private island sanctuary, just hours from Miami, resides in the turquoise waters of the Caribbean on Belize’s Barrier...
Read More
June 10, 2018

Garifuna Collective Represent Belize at WOMEX Celebration

The Garifuna Collective is making a huge comeback at WOMEX, that’s the World’s Music Expo held in Spain. Read more: http://edition.channel5belize.com/archives/166803...
Read More
June 9, 2018

Why is a small village in Belize a hot spot for anglers? It’s home to the Everest of fish

I was standing at the front of a 23-foot-long panga in the Bay of Honduras, some 10 miles northeast of...
Read More
1 2 3 19

Comments

comments

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register

Close
Please support the site
By clicking any of these buttons you help our site to get better
Banner-1