Dumaguete, the capital of Negros Oriental in Central Visayas, has been chosen as one of the most ideal places to retire around the world in the 2014 Retire Overseas Index.
The study showed that Dumaguete was cited due to its cheap cost of living.
Based on expenses such as rent, gas, electricity, water, cable, groceries, Internet, and entertainment, retirees living in Dumaguete will only need a monthly budget of US$910 or about P40,000.
Dumaguete is also among the best places for retirees and among most expat-friendly destinations because of its beautiful beaches and its large English-speaking community.
The 2014 Retire Overseas Index chose the locations based on 12 factors, namely climate, existing expat community, cost of living, health care, crime, infrastructure, English spoken, real estate, entertainment, residency options, environmental conditions and taxes.
Aside from Dumaguete in the Philippines, rounding out the list of 21 best places to retire overseas are the following (in no particular order):
- Algarve, Portugal
- Ambergris Caye, Belize
- La Serena, Chile
- Buenos Aires, Argentina
- Medellin, Colombia
- Cayo, Belize
- Mendoza, Argentina
- City Beaches, Panama
- Puerto Vallarta, Mexico
- Cuenca, Ecuador
- Samana, Dominican Republic
- Granada, Nicaragua
- Abruzzo, Italy
- Istria, Croatia
- Pau, France
- Barcelona, Spain
- Chiang Mai, Thailand
- Istanbul, Turkey
- Nha Trang, Vietnam
- George Town, Malaysia
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