CEBU, Philippines - Cebu City has been named as one of the top Cosmopolitan Cities to retire in outside the United States.
An article published yesterday in the website “Investopedia” showed that Cebu City is one of the cities outside the US recommended for people to retire in.
According to the article, for people wanting “a cosmopolitan lifestyle while living abroad without the high price tag of a big U.S. city,” Cebu City is one of the best cities to choose.
“Cebu City, the oldest city in the Philippines, has all the traditional modern conveniences and is located close to beautiful beaches and lush mountains. It’s one of the most developed provinces in the Philippines, and is the main center of commerce, education, industry and trade in the region,” it said.
Cebu City was picked second to Buenos Aires in Argentina for those “looking for a change of scenery, new cultural experiences and a lower cost of living during retirement” away from the U.S.
“While tranquil beaches and quaint, quiet towns are what many people envision for retirement, it’s not the only option. Larger cities offer modern conveniences and plenty of recreational and volunteer opportunities, as well as good transportation systems, healthcare, restaurants, shopping and cultural offerings,” the article added after revealing its top 10 pick for the best cities around the world to retire in.
Investopedia describes itself as a “premiere resource for investing education, personal finance, market analysis and free trading simulators” with the aim of “educating the world about finance.”
Overall, it described the Philippines as the country known for “its vibrant culture, hospitality, natural attractions, tropical climate and friendly, English-speaking population, including a substantial expat community.”
The country, Investopedia said, has the second-lowest cost of living, based on the International Living’s Global Retirement Index, where expat residents are offered with ample incentives.
It also mentioned that “good, affordable healthcare is available in nearby Manila.”
Cebu City edged Chiang Mai, Thailand; Cuenca, Ecuador; Malaga, Spain; Montevideo, Uruguay; Ottawa, Canada; Panama City, Panama; Penang, Malaysia; and Vienna, Austria. — /RHM (FREEMAN)