Why Colombia works
The Pensionado visa requires only $750/month in pension income — the lowest threshold of any retiree visa.
Medellín: spring-like climate year-round (60-80°F). Modern metro system, Pablo Escobar history transformed into a beautiful, safe (in tourist zones) city.
Cost of living: $1,500-$2,200/month for a comfortable couple lifestyle. Private healthcare excellent and affordable.
Growing expat community.
Where to live
Medellín (Poblado, Laureles, Envigado): popular expat areas. Modern, walkable, mild climate. $1,500-$2,200/month.
Cartagena: Caribbean coast, hot, beautiful colonial architecture. $1,800-$2,500/month.
Bogotá: capital, cooler climate, more expensive. $1,800-$2,500/month.
Santa Marta: beach lifestyle, lower cost. $1,300-$1,800/month.
Visa pathway
Migrant Pensioner visa: $750/month lifetime pension (SS counts). Apply at Colombian consulate.
Issued for 3 years initially, renewable. Permanent residency after 5 years.
Taxes
No US-Colombia tax treaty. Colombia taxes residents on worldwide income.
After 5+ years of residency, Colombia treats you as fully tax-resident. Plan accordingly.
Most retirees in early years are not full tax residents.
Healthcare
EPS (private health plans): $80-150/month for excellent coverage at top private hospitals.
Private clinics: world-class in Medellín and Bogotá. Many doctors US-trained.