Dumaguete City – This city has been labeled as one of the best places to retire across the globe, according to the 2014 Retire Overseas Index released by the Overseas Retirement Letter.
The report stated that this ranking was brought about by the affordable cost of living in this city, tropical climate, warm English-speaking community, and beautiful beachfront scenery, the City Tourism Office said.
The scoring used for this ranking was based on criteria that are crucial to retirees such as climate, and beautiful sceneries.
The Overseas Retirement Letter also reflected Dumaguete City as the second most affordable place to retire with a monthly budget of $910, next to Nha Trang, Vietnam with a monthly budget of $680.
The budget were created based on expenses of house rentals, groceries, basic utilities, such as electricity, phone, water, Internet, gas, and cable and entertainment expenses.
This has not been the first citation received by this city. Yahoo Finance and US News Money early this year also identified Dumaguete as one of the nine Most Affordable Places to Retire with a monthly budget of $1,000 – obtaining 4th rank in the list.
The report described the city as, “In addition to its welcoming, friendly, English-speaking people, Dumaguete boasts a warm, tropical climate, and lots of opportunity for outdoor activities. It sits right along the ocean, with attractive beaches to the north and south of town.”
“Being known as the University town, foreigners have the opportunity to make friends with educated professors and aspiring students, take classes, and enjoy cultural opportunities not typically found elsewhere in the Philippines, including theater, ballet, art shows, and libraries,” the report added.
Forbes.com also featured Dumaguete City as the 5th among the Seven Best Places to Retire around the world.
In its report, it defined Dumaguete as a city where one will find “one of the best places for beachfront living on a budget.” It also pronounced Dumaguete as inexpensive with great beaches, expats, balmy climate, and good health care.”
“This is a testament that indeed Dumaguete City under the leadership of Mayor Manuel Sagarbarria with its world-class ambiance continues to live by the legend of its name – “Dumaguet” meaning “to swoop” or its power to attract and keep visitors.