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Best Places To Retire In The U.S.
Italy Cost of Living
The weather is pleasant in Italy and a retiree from US and other regions would not find difference of climate as experiencing in your home land. English is the second spoken language hence a retiree would not find difficulty with the language barrier.
Italy's cost of living is not as low as one might like; in fact it is one of the more expensive countries in Europe. The local currency of Italy is the Euro which has very weak exchange rates with the dollar currently. However; within Italy there are many places where a retiree can spend peaceful life at reasonable cost. The best prices for the cost of living are offered in the countryside, however; the big cities like Venice would produce much burden on retiree's budget so you may just have to visit Venice while you retire to some other locale in Italy.
The countryside offers cheap rates on food items, other facilities and on accommodations. One can imagine the difference in cost of living from a big city to the rural area. In Rome, an apartment rental rate is $2000 or more per month, whereas in a rural area, a house or an apartment rental rate is just $400 per month. The monthly service charges on rental apartment ranges from $30 to $300. Either way, these prices are cheaper than the United States apartment and housing rental costs.
The utilities and food cost per month in Italy is between $1200 to $2200. It is therefore; required to have at least up to $2000 per month from Social Security or retirement pension if living anywhere in Italy excluding accommodation charges.
The health care system is much developed in Italy which is free of cost for any European, however; a US citizen has to pay for the health care facilities. The charges are nominal and it is not expensive. The hospitals are well equipped with many of the advanced facilities and they are trained and experienced doctors and nurses working in the hospitals and health care units.
As a retiree, however; a person has to be prepared to meet the challenges while in Italy. Some of the rural areas possess constant problems of electricity shortages which may not be great if you have to be connected to the internet at all times. At many places the phone connections are not provided either.
Having said all that, Italians give a warm welcome to foreigners especially to US citizens. Italy therefore; is a good place to live and retire for those who are attracted towards the natural beauty and who are ready to meet the challenges at the cost of some luxuries of life. It may not be the cheapest place to retire in the world but it has other benefits that may make it worth the cost to you. Put it on your list of the best places to retire and plan a mini vacation to get a better feel before you make a decision.
Learn more about Italy retirement:
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