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12/27/2013 07:51 pm ET

Retire By The Beach In ‘America's New Sun Belt' For $1,000 Per Month

Harry Kikstra via Getty Images

For retirees, the average monthly Social Security check is about $1,228, according to the Social Security Administration. That might pay the rent for one room in a shared house in San Francisco or half the monthly rent for an apartment in New York City. 

Or, it could foot the entire bill for your retirement somewhere by the beach in a Latin American country like Panama, Belize or Uruguay (possibly leaving you as much as $200/month to spare). That’s according to Kathleen Peddicord, founder and publisher of the Live and Invest Overseas publishing group.

Read more on finance.yahoo.com

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