El Salvador Retirement
Replies: 45 - Last Post: Nov 22, 2012 12:09 PM Last Post By: pmanning
Jun 30, 2012 4:29 AM
15Concerning the pros and cons of retirement from the US to El Salvador versus Nicaragua:
El Salvador uses the US dollar so there is no need to worry about any future exchange rate if your money is in US dollars. You are from Australia, no? While it is not likely the Nicaraguan Cordoba is going to soar in value, people who retired to Europe years ago were in for a nasty shock when the dollar weakened against the local currency.
Nicaragua has a government run by people who admire Fidel Castro, who once confiscated foreign property...even property of Cubans. It is not unthinkable that Ortega and company might decide to blame any problems on Gringos living in Nicaragua and conduct a witch hunt. Or even expel foreign residents. This is not to get into a political topic here (I am not a supporter of the US government and its involvement in Central America) but it is something anyone deciding to move to Nicaragua should think about. Maybe it is just me, but even with socialists at the helm in El Salvador, I have never felt the same intense political control as in Nicaragua.
El Salvador is a lovely place and I think you will be able to live on the money you mentioned. Especially if you will do without a car. Good luck!
Jun 30, 2012 5:27 PM
16#16, I agree about not getting into politics but of all the C.A. countries, the Nicaraguan Government worries me the most.
Jun 30, 2012 7:41 PM
17Appreciate the great advice. I'm American, please don't hold that against me, lol. I'm very interested in finding a nice town near Santa Ana. I agree La Palma is a bit out of the way but if you look on the map it's in a pretty good spot for trips into Guatemala and Honduras. But it might be a little too small for fulltime living. Seems like Santa Ana itself might be worthwhile to consider. I've read a lot about living in Oaxaca's centro, sounds like Santa Ana has a nice centro too and a nice mall. I've read many good things about the Ruta de las Flores and will definitely check it out. Thanks again!
Jul 1, 2012 10:22 AM
18#16 the OP has sufficient money to have a car.
#19 the ease of getting a retirement visa depends on which country one is from + whether doing it entirely from within El Salvador or not. There is also the minor detail of opening a bank account (a requirement of a residency visa) when the banks require a residency visa to open an account.
Also a 90 day extension to your tourist visa can be obtained from immigration in El Salvador.
Jul 1, 2012 1:44 PM
19Just waiting for my lawyer to get the translation of documents after 7 months of Canada dragging it's feet getting documents to me then the embassy validating them.
I opened an account at Banco ProCredit a year & a half ago, so should be OK however not being able to open a bank account without residency would make it impossible to get residency under documents needed #9 "Constancia extendida por institución Bancario o financiera que operan en El Salvador. a través del que percibe mensualmente la transferencia de fondos proveniente del extranjero."
You are right about living like a king on $1100/mo, one would have to be extremely high maintenance to need more.
Edited by: CocheJ
Jul 1, 2012 4:45 PM
20So there's a catch 22 to getting residency with the banking requirement? If I can get a 90 day extension on the tourist card wouldn't mind a twice a year border run to Costa Rica or Chiapas. Plan to fly home for the holidays every year anyways. Good to hear that I'll have enough. When Social Security starts should cover loss of purchasing power through inflation.
Jul 1, 2012 5:16 PM
Jul 2, 2012 4:12 AM
22Everyone has their own idea of which expenses are important to them and what amount should be in the budget for them. I have lived on the amount the OP mentioned so I know it is possible. Since I am someone who likes to eat out every day and wants a place to live that isn't so basic, I did without a car as it is a major expense. Not only gas but repairs, etc.
We each have different opinions on this. To Roque, more monthly income would be desired. To others, it is enough to live "like a king". I think no one is wrong, it is just a matter of personal lifestyle. I don't know if any kings would live on about 1000 US a month even in El Salvador. I have a feeling old Liz and company would use up a bit more! Still, it is an amount that is more than many local people manage on.
Jul 2, 2012 6:33 AM
Jul 2, 2012 9:48 AM
24Good point #26.
I just want the OP to have a realistic idea of what a dollar buys in El Salvador. I agree that many, many items cost less than in the USA. For example, when I injured my foot, the medication at the pharmacy in Izalco cost me about $20....it would have been hundreds in the US not to mention that I would have to get a doctor's prescription first.
Having said that, there are items that cost MORE in El Salvador than in the USA. I priced cameras, for example. Clothes can be cheap if you accept second hand items, but not clothing at Metro Centro Mall. Shoes at ADOC cost me about the same as in the USA.
The salad bar at Pizza Hut set me back about $13 with a soda in San Salvador. No wonderful deal.
I guess my point is that living on $1100 monthly retirement income in El Salvador could certainly be comfortable but you would still need to budget yourself. It all depends on what a person considers important.
Jul 2, 2012 6:27 PM
25No royalty here, but I agree I'd have a comfortable lifestyle, not lavish, for less overall than in the States. A decent one bedroom apartment, satellite tv, Internet access, hopefully 4G at some point, reading, walking, a couple of dogs, and if lucky a nice lady will be interested in me. I'm not a partier, pretty light drinker, can live without a car.
But you guys really give me hope that I don't have to be a Walmart greeter. Any opinions about Metapan as a place to live?
Jul 3, 2012 4:41 PM
26Not sure why my living costs keep getting deleted other than a poster refuses to believe them?
However living in a paid for house on double lot (including caretakers house) in the country 5 minutes from the beach with a pool, caretaker, maid/cook, electricity, internet, satellite, car, best of all no taxes, costs me $600/month.
Edited by: CocheJ
Jul 4, 2012 12:03 PM
27#25 Metapan is too far off. I think you are thinking about it because it looks near Guatemala or Honduras, but take into account that to go to Guatemala you usually go through Ahuachapan - Las Chinamas; and for Honduras Atlantic through La Palma (two different, and better roads that don't go through Metapan)... El Salvador is tiny, and if you drive 120 to 200 kms you are in another country.
Jul 4, 2012 2:14 PM
28#27 I bought a copy of Lonely Planet's 2006 Nicaragua & El Salvador guide, which seems to be the most comprehensive guide to El Salvador available. Have several general Central America guides and a Kindle edition Frommers guide to El Salvador. Just comparing descriptions of various places, trying to get a sense of the place. Metapan sounded interesting although I'm thinking I'd have a lot more variety and less time on busses if I just lived in Santa Ana. The big 3 I'll look into there are climate, safety, and affordability. If Santa Ana is super hot all the time I'll look elsewhere. The centro sounds safe enough with plenty of amenities. But again if to have a decent quality of life I'll have to spend $1000+ a month I think I'll have to look at out of the way places or reconsider Nicaragua. I really like that Santa Ana is that large but is still a low rise Colonial city.
Jul 4, 2012 3:46 PM
Santa Ana is not too hot most of the year. A fan can do a great job of cooling you down.
I own a small house in Santa Ana .it is not an expensive place to buy/rent. But I have seen the price go up like crazy the last 10 or so years.
I like my time in Santa Ana you are close to many attractions, Route of Flowers and food festivals, Lago De Coatepeque.The beach,Suchitoto.
There are good doctors and dentisits and hospitals. weekend markets, lots of activities going on. Speaking spanish will help you so if you don't know it at this time you can get an individual teacher pretty reasonable.
Remember many rental places don't come furnished often no stove or refrigerator.
So maybe find a hostel or hotel that'll give you a good extended rate and check out the city.
Panama CityBook now
(4 star Hotel)
From US$189.00 per night
(3 star Hotel)
From US$153.39 per night
Panama CityBook now
(0 star Hotel)
From US$13.00 per night