Chuck Bolotin of Best Places in the World to Retire describes how (or even if) expats living in places like Mexico could achieve a lower cost of living.
A study of expats primarily in Central America, “Expats: Expectations & Reality,” found that 86.6% thought that they would achieve a lower cost of living by moving abroad. The study, which was conducted by Best Places in the World to Retire, also found that 84.2% did achieve a lower cost of living. A follow-up study, “Expat Reports: Is It Cheaper to Live Abroad?” reported that 34% spent less than half as much abroad as they did before.
Those numbers certainly underscore one of the great advantages of living in certain foreign countries. But what is the cause in those few cases when expats experience a higher cost of living?
The reports suggest…
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