A Philippine City Makes It To Forbes List Of Best Cities To Retire!

Well, it’s not Cebu but it’s close!
posted on: Wednesday, November 12, 2014
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Digital Agitator

So Forbes casually added this Philippine City as fifth placer in their “The 7 Best Places To Retire Around The World”.

dumaguete makes it to forbes



Can you guess which city is this?

dumaguete city



It’s The City of Gentle People, Dumaguete City!

dumaguete rizal boulevard


According to Forbes, Dumaguete is one of the best places for beachfront living on a budget. Dumaguete is among the cheapest places in the world to live, according to the Retire Overseas Index. The climate is hot and humid. (Dumaguete is protected against most of typhoons in the Philippines.)


Here are the other 6 cities that made it to the list:

7. Medellin, Colombia

medellin colombia

Dean Alberga/World Archery Federation via Getty Images

It’s one of the best places for city living on a budget. Weather is pleasant year-round and the city has First World infrastructure and amenities.


6. Pau, France

pau france


Pau combines Old World lifestyle (think Beauty and the Beast cobblestone streets), low crime and quality health care.


4. Chiang Mai, Thailand

chiang mai thailand

Taylor Weidman/Getty Images

A very inexpensive place to retire; the Retire Overseas Index estimates a total monthly budget might be $920. Its high-quality health care is a big plus for foreign retirees in Asia. 


3. George Town, Malaysia

george town malaysia

Gary Chuah/AP

George Town is one of the best places for city living on a budget. Its climate is hot and humid. Malaysia has a pensionado program called Malaysia My Second Home.


2. Cuenca, Ecuador

cuenca, ecuador


It bills itself as a “land of eternal springtime”. Cuenca has a large and growing expat community and Ecuador has an excellent pensionado program for retirees, with tax breaks and other discounts.


1. The Algarve, Portugal

algarve portugal

AP Photo/Francisco Seco

“It’s the most affordable option in Europe for retirees,” says Kathleen Peddicord, publisher of the 2014 Retire Overseas Index and the Overseas Retirement Letter. Her researchers estimate you can live in the southernmost province of Portugal on $1,500 a month. Other pluses:old world culture, some of the best beaches in Europe and stable weather.