More and More Foreigners Are Spending Their Retirement in Colombia

An increasing number of retirees from the United States, Canada, Australia, and Europe are choosing Colombia as their new home, drawn by its attractive cost of living, quality healthcare system, and the possibility of selecting the ideal climate year-round.

This trend is reflected in the sustained increase in applications for the Pensioner Visa in 2025, according to immigration experts. "Colombia offers a unique combination of benefits for those looking to retire: stability, first-rate healthcare services, and an accessible lifestyle that is difficult to find in other traditional retirement destinations," says Camila Ocampo, an expert immigration lawyer and founder of Colombian Passport.

One of the factors that most attracts retirees is the low cost of living. According to the Numbeo portal, the average monthly expense in Colombia is significantly lower than in countries like the United States or Canada. Furthermore, the minimum wage, including social security costs, is less than $500 USD, which allows many foreigners to hire domestic support or private nursing services at very affordable prices.

Another notable attraction is the climate. "Colombia does not have extreme seasons; the climate depends on altitude. This means that foreigners can choose whether they prefer to live in warm, temperate, or cold temperatures throughout the year," explains Ocampo. And the climate can be key for an elderly person to experience a significant improvement in their quality of life.

Pensioners are arriving in Colombia because the country seeks this type of profile through a visa called the "Type M Pensioner Visa." To process the Pensioner Visa, foreigners only need to demonstrate pension income exceeding three current legal minimum wages, certify good general health, and have no criminal record.

However, the process can be complex without specialized advice. "Although Colombia has simplified some procedures, the visa application system still presents technical challenges and specific requirements that must be met precisely," warns Camila. "This is a 100% online process, which also demands high capabilities in managing web platforms, email, digital image management, and online payments, which often overwhelm even the most digitally savvy young adults; even more so for pensioners."

"My wife Susan and I moved to Medellín from Florida two years ago, and it has been the best decision," comments Robert Miller, a 68-year-old American retiree. "Here, our pension goes much further. We enjoy a spacious apartment with mountain views, we can afford help at home, and we eat out at excellent restaurants without worrying about the budget. And the weather... it's truly an eternal spring!"

More information about Camila Ocampo and Colombian Passport

Camila Ocampo is a lawyer specializing in Immigration Law and the founder of Colombian Passport, a firm dedicated exclusively to facilitating visa and residency processes for foreigners who wish to settle in Colombia. With years of experience and hundreds of successful cases, her mission is to make immigrating to Colombia a clear, safe, and efficient process.