How to retire well in Spain: - $665 on rent - $82 on electricity - $33 on internet - $130 on health insurance - $490 on food
Kevin and Susan Bryant, 55 and 48, spent most of their lives in Texas, recently in retiree hot spot Austin. But “when Austin became a mini Silicon Valley, we were priced out,” Kevin, a now-retired history teacher and principal, tells MarketWatch.
They found Denia, a coastal town where they now live, by accident: “Looking at the map one morning, I noticed that a ferry from Ibiza docks at a place called Denia. I immediately thought that very interesting people go to Ibiza, and many must go by that route, so we should check out this place,” Kevin, who has one grown child, explains.
The cost: The Bryants say they live on Kevin’s pension from being a teacher, and say they “live very well on $2,000 per month.” They spend about $665 on rent , $82 on electricity, $33 on water, $33 on internet, $44 on phone, $90 on gym, $130 on health insurance, $490 on food each month, they tell MarketWatch.
— Kevin Bryant They spend most of their extra money on travel, having recently hit up the Greek Isles and enjoyed many short trips through Spain. They point out that travel within Europe often isn’t that pricey because flights are short and low-cost via regional carriers. And mostly they take bus trips to nearby towns like Valencia and Benidorm .
Spain is known for having quality health care: A study published in The Lancet on quality and access to health care puts Spain in the top 20 countries, above the United States, which was ranked 29th. “People from Spain were in there and heard the whole thing. I asked them, ‘Is this the way it always is?’ And they all started laughing and saying yes,” Kevin says. It took them three trips to the Houston consulate to get their visas.
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