Overseas Retirement Letter has released its 2014 Retire Overseas Index where the Dominican Republic’s northeastern Samana peninsula is included in a selection of eight of the cheapest places to retire.
The Overseas Retirement Letter estimates a monthly budget of US$1,155 would cut it for a couple living in Samana.
The list also includes Nha Trang, Vietnam (US$680), Dumaguete, Philippines (US$910), Chiang Mai, Thailand (US$920), Cuenca, Ecuador ($1,010), Granada, Nicaragua (US$1,040), Istanbul, Turkey (US$1,045) and George Town, Malaysia (US$1,070).
The budget includes rent for an unfurnished, midrange, one-bedroom apartment, propane, groceries for a couple, Internet, cable TV, electricity, landline phone, water, and entertainment (going out to eat twice a week).
Read more and see comments in DR1 Forums: http://www.dr1.com/forums/living/145397-abc-news-8-places-retire-abroad-save-big.html