The average Social Security check is only $1,413.08 in 2018, making it hard to get by in the United States. Some retirees look to other countries, where living expenses can be lower, to make their Social Security checks stretch further.

A recent GOBankingRates survey found that more than half of people ages 55 and older have less than $10,000 saved for retirement — and a whopping 34 percent have nothing saved at all.

As the tough economic times continue in the U.S., many people are looking to cut down on their expenses by moving to more affordable cities and towns.

Or is the answer moving to another country where the cost of living is far less than the United States.

southamericaliving.com lists workable budget of $1000 – $1200 USD and up, affording more luxuries such as eating out regularily, shopping excursions, larger apartment or house. The following countries have the lowest cost of living: Bolivia, Colombia, Ecuador and Peru. Chihuahua, Mexico and Guadalajara, Mexico are two of the lowest cost cities in Latin America.

Inexpensive healthcare is often touted as a reason to retire abroad. You become eligible for Medicare at age 65. However, you can’t use this government health coverage overseas.

The annual cost to own and operate a sedan in the U.S. is $8,588, according to AAA. When you retire abroad, you might not need a car because public transit is more common and reliable.

Rent in Mexico is 4.33% lower than in United States. In Santa Ana, Costa Rica a 3-bedroom single family home currently costs about US$212,000.  The cost in other Costa Rican cities housing costs are similar to Santa Ana.  Consider those housing costs in your destination city.  The cost per square meter of a home in Jakarta, Indonesia is $2,120 USD. The cost per square meter of a home in Richmond, Virginia is $2,128 USD.

If you think you’ll lower your tax bill by retiring overseas, think again. You still have to pay U.S. taxes. Even if you move your assets to accounts in your new country, you will be required to file an annual tax return, according to the U.S. Department of State.

If you retire abroad, you still can collect Social Security benefits, said Sally Hurme, author of “Get the Most Out of Retirement: Checklist for Happiness, Health, Purpose, and Financial Security.” In many countries, you can even have your check directly deposited into an account, she said. The Social Security Administration has a Payments Abroad Screening Tool you can use to see in which countries you can live and still receive your check.

You might also have to pay taxes in your new country, Hurme said. The U.S. does have treaties with some countries — including Canada and Mexico — that prevent double taxation. But the country you want to retire to might not.

If you own property or have assets in your new country, you’ll likely need to hire an attorney in that country to help draft an estate plan, Hurme said. That’s because any documents that you had drafted in the U.S. — such as a will, trust or power of attorney — might not have any effect overseas.

The alternative to moving to a“low cost” country is considering moving to a low cost city in the United States.

I found a survey of those low cost cities. Actually they are mostly towns that you are not likely to visit let alone move to. Excluding those small towns (less than 100,000 population) the least expensive small city is Brownsville, Texas with a Population of 180,000 and a Cost of Living 14.9% below U.S. average. Indianapolis, Indiana has a population of over 800,000 people and a Cost of Living 13% below U.S. average.

How comfortable will you feel living in another country? Your family and friends will be thousands of miles away. Visiting San Jose, Costa Rica may be fun but living there should at least cause you to wonder about the downsides.  Think through the entire process before moving to another country rather than living in a country where you were born and feels like home.