The Cheapest Countries In The World To Choose For Retirement
While most people retire in the same country they lived in all their lives, there’s something to say about moving abroad and spending those golden years in a more affordable. Aside from the new scenery and possibly new friends, a change of pace might be exactly what senior citizens need to re-energize them. Additionally, retiring has become such an impossibility in many places of America that some folks don’t know what to do. The following countries are some of the cheapest places in the world where everyone can enjoy the rest of their lives. Let’s discover these exotic places, and some might closer than you expect. The following results are based on affordability as well as ratings regarding the quality of life, and they have led GOBankingRates to determine which places would be better-suited for retirement.
The cost-of-living index equals 74.83, while the average rent falls at $1,283.19. The groceries index is 58.80, and the buying power index is 83.49. The Netherlands might not be the best country to retire in the entire world, but there are many benefits to moving to this European nation. For example, its healthcare system is eight points over the United States healthcare system, which is perfect for older folks as they might need it in the long run.
Furthermore, you can get a long-term residence permit through certain labor activities, and richer people can become permanent residents by investing, at least, 1.25 euros in a Dutch company. Aside from the practical benefits, there are other amazing things about this country that will definitely convince a lot of citizens to spend their golden years there. One of their most beautiful sites are the canals of Amsterdam, which are similar to other cities that are over the water like Venice. You can take boat tours and water taxis to hop around your favorite spots.
The cost-of-living index equals 72.08, while the average rent falls at $1,358.34. The groceries index is 66.90, and the buying power index is 70.69. Although the land down under doesn’t have the cheapest cost of living, it’s actually a pretty practical place for retirement. The purchasing power is 30% higher than cities like New York, and its healthcare system is over seven points higher than the norm for the United States.
Furthermore, the government website has a perfectly detailed explanation for people looking to get a permanent residency as a retiree. Aside from those aspects, you might enjoy Australia for many other things, especially if you have always craved adventure. This country has the largest sand island in the globe, and it’s called Fraser Island. Also, the city of Melbourne was voted as the “world’s most liveable city”, and it almost always earns the top spot.
The cost-of-living index equals 72.82, while the average rent falls at $1,084.76. The groceries index is 60.02, and the buying power index is 77.91. Finland is another country that doesn’t have the best cost of living, but it’s still considered one of the most inexpensive places to live among the Nordic nations. Anyone that wishes to retire in this snowy nation has to apply for a first residence permit, an extended residence permit or permanent residence permit, which can easily do on the government’s website.
One of the most amazing things about this nation is it’s the best place to see the Northern Lights, also known as the Aurora Borealis. They have been known to appear more than 200 night each year, which is most of the winter in Finland. Additionally, some call this nation the “Land of a Thousand Lakes”, and it’s true, but there are also many forests that occupy 70%, which makes for some impressive views. They are the most forested country in Europe.
47. UNITED KINGDOM
The cost-of-living index equals 65.28, while the average rent falls at $1,152.44. The groceries index is 51.85, and the buying power index is 72.37. There are many places in the United Kingdom that can be pretty expensive, but there is just something about the glamour of its history. Additionally, Americans looking to retire can enjoy the familiar language and similar culture. All you need to do is find the government website to see if you can settle in this country for retirement.
The process is nicknamed “indefinite leave to remain”. Such an English thing to call it. Meanwhile, you might enjoy doing some interesting things in the United Kingdom. For example, you can laugh at the Edinburgh Fringe, which is taken over by comedians and other artists for a month each year. There are plays and all kinds of merriment. You might even see some important stars, but amateurs are also present. Another interesting activity in this old country is going to the Stratford-upon-Avon, where you can enjoy the Royal Shakespeare Company performing some of the Bard’s best works.
The cost-of-living index equals 81.38, while the average rent falls at $1,145.93. The groceries index is 63.62, and the buying power index is 95.14. Denmark considered one of the safest countries in the world behind Iceland, which cannot make our ranking since it’s such an expensive place to live. Therefore, it would an amazing nation for people looking to retire. Unfortunately, it can be hard for Americans to stay over three months.
Luckily, there are several ways to get a residency such as marriage to a Dane or getting a job, if you’re planning to continue making a living. Meanwhile, Denmark might not be the most common tourist destination, but it’s pretty friendly to tourists. Even people who go beyond Copenhagen will find that many locals speak English and are willing to help around. On the other hand, the food is wonderful, especially because it’s so organic. One of the best things about the Danes is their ability to make excellent bread, particularly rye.
The cost-of-living index equals 27.94, while the average rent falls at $650.51. The groceries index is 22.47, and the buying power index is 22.14. There might be some financial drawbacks in Ukraine, but the Baroque architecture, forests, and the coastline of the Black Sea definitely make up for that, and older citizens will definitely enjoy it. Rent and groceries are not that expensive, as you will end up saving around 77% of what you spend in the United States.
A tourist visa normally allows a 90 days stay in the country, but you can apply for long-term residency at the State Migration Service of Ukraine. Interestingly, Ukraine is the largest country in Europe, as it spans 603,628 square kilometers from Russia to Poland, and it’s right in between the Black Sea and Belarus. Additionally, there are seven UNESCO World Heritage sites in Ukraine such as 11th-century Saint-Sophia Cathedral in Kyiv, the city of Chersonesus, and more.
The cost-of-living index equals 35.52, while the average rent falls at $576.82. The groceries index is 29.18, and the buying power index is 37. If you crave a different kind of adventure, then Russia might be the perfect choice for your retirement. The rent is 80% cheaper than any place in New York City, and no matter how long you are staying, the government asks that all Americans apply for a 3-year visa.
It can be for business, private, tourism, or other reasons. You might be wondering what sites to check out in the great nation, and if you love history, then you should go to the Hotel Astoria in St. Petersburg, which is where Hitler wanted to hold a party to celebrate taking the city. Also, the Hermitage Museum in St. Petersburg is pretty beautiful. Interestingly, it has more than 70 cats to take care of pests, which is a tradition established by Empress Elizabeth back in 1745.
The cost-of-living index equals 67.62, while the average rent falls at $1,021.89. The groceries index is 54.27, and the buying power index is 63.56. Germany is known for all its wonderful local color, the typical villages, its monuments, and its green valleys. People looking to retire in this country will need to visit the local consulate, and they might give you a 1-year residency permit, that can be renewed annually.
After five years in the nation, you can apply for a settlement permit, but you need to know the language and the culture. Some interesting facts about this country are that it has 81 million citizens, but a huge portion of its land is covered with forests. Furthermore, 65% of their highways have no speed limit, and their universities are free for everyone, including foreigners. There have more than 2100 castles and more than 1,500 different kinds of beer.
The cost-of-living index equals 72.97, while the average rent falls at $979.05. The groceries index is 60.86, and the buying power index is 83.40. Belgium is not just the land of great chocolate. It also features a great healthcare system that is around ten points higher than the United States. However, if you plan to retire here without working, you need to go directly to the U.S.-based consulate.
Additionally, you need to fill out a form in French, German, or Dutch. Therefore, it’s hard for English speakers to get the opportunity. However, learning one of those languages will allow you to enjoy some pretty cool things such as the amazing waffles in the country. You can even read ‘A Brief History Of The Belgian Waffle’ to learn how the Brussels waffle was invented.
The cost-of-living index equals 69.25, while the average rent falls at $987.01. The groceries index is 58.34, and the buying power index is 75.72. Now, this is one of the most touristy places in the world, and everyone can tell why. The language, the food, the history, and the culture make this country an amazing experience for anyone. To move here for your retirement, you will need to apply for an elective residency visa at the Italian consulate.
Once in the nation, you need to prove that you have, at least, a small income and have a rental contract to fully apply for the long-term permit. You might have heard that there are all kinds of things to see in Italy, especially Rome. There’s the Sistine Chapel, St. Peter’s Square, the Vatican City, the Leaning Tower of Pisa. However, there are other places like the Valley of the Temples in Agrigento, which is another hub of archeological bliss, and the structures were built in the 5th century.
The cost-of-living index equals 71.79, while the average rent falls at $987.06. The groceries index is 65.63, and the buying power index is 70.08. Aside from its beauty, Austria is a much cheaper country than the United States, but American citizens need to go through several procedures to apply for their residency. One of the main requirements is knowing German.
Therefore, it’s best to start that process when you in the U.S., but permits are only given for specific situations such as education, research, or employment. The capital city of Vienna is one of the most majestic places in the world with grand palaces and museums as well as the home of the Opera and Beethoven. People visiting the country have to walk down Ringstrasse Boulevard, which features royal structures like the Hofburg Imperial Palace.
39. UNITED ARAB EMIRATES
The cost-of-living index equals 56.16, while the average rent falls at $1,417.47. The groceries index is 43.16, and the buying power index is 53.88. The great thing about this quickly-advancing nation is that it gives out five-year and 10-year residency visas to foreigners that can invest 5 million dirhams (more than $1 million USD) or 10 million dirhams (almost $3 million USD). However, they also give out visas to people with special skills like doctors, researchers, and creators.
You might have heard that one of the most popular spots for Instagram pictures is the Burj Khalifa, which is the world’s tallest building, as of this writing. It’s one of the landmarks of Dubai, and it also claims other titles like tallest freestanding structure, the highest observation deck, and elevator with the longest travel distance. Another interesting site is the Sheikh Zayed Mosque located in Abu Dhabi. It’s a modern design with all the magic of ancient building techniques. It’s a mixture of history with the future.
The cost-of-living index equals 51.45, while the average rent falls at $1,089.64. The groceries index is 48.21, and the buying power index is 47.06. The best way to apply for residency is to use an immigration lawyer from Panama. Meanwhile, aside from showing that you have a pension of at least $1,000 from a government program or a private company, there’s some paperwork involved.
Furthermore, if you enter the Panama Pensionado program, you can get cheaper airline tickets, discounts on utility bills, and even discount in theaters and other events. One of the most important structures in the country is the Panama Canal, which might seem boring but it’s a pretty cool witness in person. Also, one of the best places to visit is Casco Viejo in Panama City which is filled with hotels, cafes, and restaurants.
The cost-of-living index equals 50.39, while the average rent falls at $817.64. The groceries index is 40.20, and the buying power index is 43.13. Aside from the amazing port wine, the location near the Iberian Peninsula has made this country a perfect spot for retirees. You need to get a date with a Portuguese consular officer to apply for the Type 1 permit. All you need is to prove that you have enough money and no criminal background, as well as some other paperwork.
People who invested 500,000 euros on real estate are normally given the “golden visa”. You might consider living in Lisbon, the capital, or Porto. Lisbon is nicknamed the “white city” because lots of sunshine is reflected from the River Tagus. Meanwhile, Porto is the name of the most popular wine in the world, and it was chosen as the Best European Destination in 2012, 2014, and 2017 by TripAdvisor.
The cost-of-living index equals 33.98, while the average rent falls at $500.27. The groceries index is 29.85, and the buying power index is 23.85. The romantic sites of the city of Casablanca are only one of the reason why people have considered this African nation for retirement. Another important factor is the low cost of living. You can apply for an extended stay at any Moroccan police precinct.
Meanwhile, one of their most beautiful attractions is the Sahara Desert, as many tourists from all over the world come here to see it. In Merzouga, you can see the biggest dunes. Meanwhile, Morocco is one of the safest countries to actually enjoy the desert. Another amazing site is the Hassan II Mosque, which is the landmark of Casablanca, and aside from its impressive structure, the fact that it’s surrounded by the ocean makes it even more beautiful.
The cost-of-living index equals 39.24, while the average rent falls at $903.80. The groceries index is 39.93, and the buying power index is 28.18. The great country of China is filled with history as well as varied cuisine options. Additionally, it has become a great place for American retirees because of the low cost of living. In terms of visa, there are several opportunities, but permanent residents need a D visa, which you can get in the country or at the Chinese consulate.
After 30 days of arriving in China, you can even apply for a 10-year permanent residence permit. Among its many tourist attractions is the Great Wall of China, as there is even a popular saying which goes: "Nobody can be a true hero unless he has been on the Great Wall.” The structure spans more than 6,000 kilometers through the cities of Hebei, Tientsin, Beijing, Inner Mongolia, Ningxia, and Gansu. Another important spot in Beijing is the Forbidden City and the Imperial Palace. You might think you have traveled to another time.
The cost-of-living index equals 55.57, while the average rent falls at $769.17. The groceries index is 44.32, and the buying power index is 59.76. People looking to retire on an island should definitely consider Cyprus because it’s one of the most affordable places in the world. Those that are looking to stay for more than three months can apply for 3 different visas: residence, work permit, or student visa.
Meanwhile, the southern part of the island has four major cities: Limassol, Larnaca, and Paphos and Nicosia, the capital. Limassol and Larnaca attract the most tourism due to their cosmopolitan vibes, but Larnaca is one of the oldest cities in the world, with lots of history from medieval times that might impress a lot of people.
The cost-of-living index equals 44.98, while the average rent falls at $660.69. The groceries index is 38.50, and the buying power index is 33.64. Slovakia might not be the most popular option for Americans, but in terms of safety, it’s actually 10 points over the United States. Furthermore, they are of the European Union. You only need to apply for a residence permit at the Embassy of the Slovak Republic in Washington, D.C., which can last from six months to six years.
One of the best things about Slovakia is the Skok waterfalls in the High Tatras, but the rest of the scenery is wonderful for older citizens that wish to connect with nature. Another interesting site is the Spis Castle, which is 900 years old. It’s only ruins now, but it used to be one of the largest palaces in Europe, and it’s surrounded by travertine rock.
The cost-of-living index equals 42.03, while the average rent falls at $526.13. The groceries index is 32.36, and the buying power index is 33.43. This is another country that most Americans might not consider, but they should because it’s has a gorgeous capital city with an impressive Parliament building. Its cost of living is way lower than the U.S, and it’s pretty safe as well.
You can get a 5-year residence permit as long as you prove your financial status, have a residence, and health insurance. Some of the best places to see at the Great Market Hall of Budapest, which is close to the Danube. There local farmers and merchants in this building offer the best products as well as souvenirs for tourists. Another interesting site is the Dohány Street Synagogue, which one of the largest synagogues in the world not in Israel.
31. COSTA RICA
The cost-of-living index equals 50.89, while the average rent falls at $660.15. The groceries index is 47.91, and the buying power index is 42.58. People looking for a simple life to enjoy their golden years should definitely consider Costa Rica, as their maxim is “Pura Vida”. The tropical nation has no standing army, and its beautiful sunny beaches are the best benefits.
You can get temporary and permanent visas at the Immigration Office of Costa Rica. One of the best places to visit is Puerto Viejo, which is near Panama. It’s the place where most of the young people and backpackers are located due to the beaches, surfing, and happy environment. There’s a vivid nightlife, and it’s an amazing tourist destination in the Caribbean.
The cost-of-living index equals 52.51, while the average rent falls at $571.36. The groceries index is 43.27, and the buying power index is 43.83. People who love mountains, lakes, and rivers should consider this country for their retirement. After just 5 years in the country, you can apply for a permanent residence.
Meanwhile, one of the best cities to see in Slovenia is Ljubljana, which is the capital full of romantic views. You can start by visiting Prešeren Square, as it features the Triple Bridge and the Baroque Church of the Annunciation. Other places include the Ljubljana Castle, but you will need to hike to the top of a hill or ride the cable car.
29. SOUTH AFRICA
The cost-of-living index equals 42.49, while the average rent falls at $624.46. The groceries index is 33.88, and the buying power index is 40.79. As you might have noticed the cost of living is less than half of New York City, and so, South Africa is considered one of the cheapest countries for retirement. You need to prove that you have a monthly income of 37,000 rands, or about $2,500 USD, to apply for a temporary of retired persons’ visa.
Meanwhile, you are probably thinking about visiting Cape Town, the oldest European establishment in South Africa (1652). They tend to call it the Mother City. The coolest part about this nation is that it perfectly mixes European and African cultures. It’s the modern world combined with the traditions of African tribes that make for a perfect blend of city and nature.
The cost-of-living index equals 49.23, while the average rent falls at $481.81. The groceries index is 36.65, and the buying power index is 45.47. It was originally part of the Soviet Union, but tourists have been known to enjoy the beaches as well as the largest waterfall in Europe. There are also some man-made sites as well as natural attractions. As part of the Schengen nations, foreigners need to get their permits at the Latvian Embassy, Consulate, or Consulate-General.
The city of Riga is one of the most advanced places in the Baltics with lots of influence from the past. There are still plenty of Gothic cathedrals for history buffs, but also Art Nouveau, cafes, bars and haute cuisine that will delight any tourist. Additionally, the prices are affordable. Another interesting place to visit in Latvia is the Gauja National Park, where there are many places to hikes, bungee jump, bobsleigh, and even take pictures of the medieval castles.
The cost-of-living index equals 51.01, while the average rent falls at $562.92. The groceries index is 37.06, and the buying power index is 51.24. This is another country where the cost of living is less than half of New York’s. Therefore, it’s considered one of the most inexpensive nations for retirement. Prospective residents can apply for temporary permits of up to five years, and long-term permits as well.
However, you need to prove a solid retiree income and be proficient in the language, which might be the hardest thing for English-only speakers. One of the most interesting things about Estonia is that the female population is much higher than males. For every 100 women, there are 84 men. This makes it the second nation with a smaller percentage of males in the world, behind the Northern Mariana Islands. Additionally, Estonian women tend to live, at least, ten years more than man.
The cost-of-living index equals 59.84, while the average rent falls at $752.37. The groceries index is 69.61, and the buying power index is 26.88. The best part of this country is that it has the highest-rated healthcare system in this study. It sits at 17 points over the United States, and it’s 40% cheaper to live here than in New York City. Therefore, Taiwan is great option for people looking to save as much as possible during their retirement.
Of course, you need to apply for a Chinese visa to live in this country, and the easiest way for retirees to get their permanent visas is becoming an investor. One of the best cities to visit in Taiwan is Kaohsiung, which is a popular tourist destination. It’s a maritime and industrial haven and the third most populated in the nation. However, there are beautiful sites as well as some of the best cuisine in Asia.
The cost-of-living index equals 29.83, while the average rent falls at $385.48. The groceries index is 23.75, and the buying power index is 29.83. Everything is incredibly cheap in Kazakhstan, as the all-around cost of living is 70% less than New York City. You can get visas for studying or working, but also for humanitarian labor or reunification of families.
One of the most interesting things to see in this country is the Buddhist rock carvings, as well as the paintings of Tamgaly Tas, which means “stones with signs”. They are located in the Ili River, north of Almaty. Tourists have also enjoyed the Shymbulak Ski Resort, which is 30 minutes away from Almaty, and people can ski from December to April. It’s considered the most modern ski resort in Central Asia.
The cost-of-living index equals 57.31, while the average rent falls at $572.40. The groceries index is 45.11, and the buying power index is 56.28. Most American don’t think about this country when planning their retirement, but they should if they enjoy living near the beach and the low costs of living. There are plenty of visa options for foreigners, but you need to fill a form at the consular officer in the nation for a permanent visa.
An amazing city to visit is La Paloma, which is right on the coast of the Atlantic Ocean. It’s also a great tourist spot for locals and foreigners alike. The laid-back atmosphere of the country, as well as its surfing, sailing, and windsurfing, is perfect for people looking to relax for their golden years. Another place to visit is that Santa Teresa National Park, which is near the Punta del Diablo and features forests and seaside regions.
The cost-of-living index equals 45.91, while the average rent falls at $465.10. The groceries index is 35.36, and the buying power index is 43.95. Lithuania is another country near the Baltic Sea that was part of the Soviet Union, and Americans are allowed to visit the country for 90 days. However, if you want to live there permanently, you have to apply for a residency permit at the consulate before visiting.
One of the best things to see in Lithuania is the Vilnius Old Town, which is a UNESCO World Heritage Site, and it’s located where the country’s main rivers meet. It’s also known as one of the best medieval towns in Europe because their structures have been so well-preserved. The buildings range in different styles from Gothic to Neo-Classical.
The cost-of-living index equals 39.13, while the average rent falls at $548.69. The groceries index is 30.66, and the buying power index is 32.72. This is another country with a low cost of living, as rent prices are 82% lower than in New York City. Meanwhile, food prices are almost 70% less than the Big Apple. The nation is filled with Old World appeal, but those that want to live here permanently have to settle there for years before obtaining the residency.
If you want to experience that Old World life, you have to visit the medieval town of Malbork, which might be better known as Marienburg – its German name. The best attraction in this city is the castle built in the 13th century by the Knights of the Teutonic Order. It was named as the Virgin Mary, the saint of the city, and erected in the Gothic style.
21. SAUDI ARABIA
The cost-of-living index equals 47.61, while the average rent falls at $482.69. The groceries index is 39.06, and the buying power index is 30.93. The cost of living is fairly low as rent prices are 85% lower than the Big Apple, but the visa requirements might be too much for some people. Most folks find it hard to obtain unless they have been given a job offer in the nation. However, due to its inexpensiveness, you have to give it a shot.
Among the many incredible sites to see is the Mecca, which is the birthplace of the Prophet Muhammad, and one of the most popular places for Muslim people around the world to visit. According to the Quran, any Muslim with enough money has to travel there at least once. Unfortunately, non-Muslims cannot enter the city or be anywhere near the Kaaba stone.
The cost-of-living index equals 54.70, while the average rent falls at $849.22. The groceries index is 44.02, and the buying power index is 54.13. Spain is known around the world for its flamenco music and delicious cuisine, as well as the architecture, wine, and more. It’s on the top 20 of cheapest places to retire to, and if you earn an income of 25,560 euros yearly, you can get a residence visa for retirees quickly.
As you are enjoying your leisure time in the city of Barcelona or Madrid, you might also want to consider visiting other places such as Tenerife, which is the best place for holidays. This Canary Island is right off the coast of West Africa and has some of the best sites in the world. It features volcanoes and mountains such as Mount Teide.
19. CZECH REPUBLIC
The cost-of-living index equals 45.12, while the average rent falls at $627.77. The groceries index is 38.08, and the buying power index is 33.25. Czech Republic is another country with lots of UNESCO sites that people can discover in their retirement, and the nation is also ranked 12th in healthcare quality, while the United States is just 29. You can get long-term visas for the Czech Republic, but permanent residency permits are left for former Czech citizens or humanitarian efforts.
One of the best cities to visit is Plzen, which is the fourth largest in the country and is the home of the Pilsner beer. Meanwhile, people who love architecture can enjoy St. Bartholemew’s Cathedral, the Great Synagogue, and other impressive structures. Furthermore, the city has the University of West Bohemia, which is the Czech Republic’s best place to study law.
The cost-of-living index equals 56.66, while the average rent falls at $419.46. The groceries index is 43.69, and the buying power index is 54.76. People who love antiquities and island atmosphere definitely have to include Greece to their retirement plan. Rent prices are 89% cheaper than New York City, and if you have an income of 2,000 euros each month, then you might be able to get a retirement residency.
You might have seen the country’s islands on movies and television, and one of their best is Santorini. There are boat tours, wine tours, beautiful hotels, great restaurants, and lots of activities for everyone. Another great island is Mykonos, which features the best nightlife and clubs. It also has wonderful beaches and the charismatic capital Mykonos Town.
The cost-of-living index equals 42.80, while the average rent falls at $433.52. The groceries index is 31.30, and the buying power index is 34.85. Brazil is famous around the world for its Carnaval festivals, but people should also consider it great for retirement are rent and grocery expenses are 88% less than I the Big Apple. Most retirees can get a four to eight-week visa, but if you an income of $3,500 a month, you might be able to apply for a longer stay.
One of the most touristy places is Rio de Janeiro, which is a mixture of beaches, forest, and a vibrant city. There are six million citizens there, and hosts thousands of tourists each year with spectacular sites like Christ the Redeemer, Sugarloaf, and Copacabana. However, people need to check out the TransCarioca hike and see the sunset at Arpoador.
The cost-of-living index equals 47.54, while the average rent falls at $651.57. The groceries index is 50, and the buying power index is 24.63. Older folks looking for beaches as well as mountain regions should consider Thailand for their retirement. The cost of living is almost half of what it is in New York, with 77% cheaper rent costs, and 69% cheaper groceries. For non-working retirees, they give out 1-year visas if you have an income of 65,000 baht per month, which is around $2,000.
Otherwise, you need 800,000 baht already saved up, which is a bit more than $25,000. The capital city, Bangkok, is one of the most visited destinations in the country. There are plenty of historic sites to discover the past empires, but also the most modern skyscrapers as well. There are many markets and huge malls for people looking to shop, and the nightlife is extremely vibrant.
The cost-of-living index equals 36.45, while the average rent falls at $354.67. The groceries index is 29.88, and the buying power index is 32.26. People that would love to spend the rest of their lives looking through old castles and churches have to add Romania to their plans. The rent prices are 90% cheaper than in New York City.
But, you need to live in the country for five years before qualifying for a long-term visa, and it’s a long shot unless you have Romanian family. One of the most beautiful things to see in this country is the Danube Delta, which is one of the best-kept estuaries in Europe. It’s been named a UNESCO World Heritage site.
The cost-of-living index equals 41.98, while the average rent falls at $480.80. The groceries index is 37.87, and the buying power index is 29.43. The reason why this country has become such a great place for American retirees is that their currency is also in American dollars. You just need to get in contact with the Migration Support Service in the nation or you can get the application from the government website.
However, you need a steady income, health insurance, and several other things. One of the best things you can do in Ecuador, aside from visiting the line that marks that middle of the world, is taking a cruise of the Galapagos Islands, where Charles Darwin created his theory of evolution. In that tour, you may be able to swim with sea lions and learn how the volcanic island chain originated.
The cost-of-living index equals 49.18, while the average rent falls at $431.80. The groceries index is 40.33, and the buying power index is 40.36. This country has some of the best Gothic and Renaissance architecture still standing, and it’s great for a retirement budget. Furthermore, the fact that it was the location for many ‘Game of Thrones’ episodes has made it popular for tourists.
Unfortunately, becoming a permanent resident might be difficult unless you have a family member that is a national of a European Economic Area region. Meanwhile, one of the best cities to visit is Dubrovnik, which is also called the “Pearl of the Adriatic”, and it’s considered the most popular destinations in the country. It’s also listed as a UNESCO Old Town.
The cost-of-living index equals 35.21, while the average rent falls at $283.71. The groceries index is 30.45, and the buying power index is 23.65. This place is amazing because rant is only 7% of what most people in New York. Unfortunately, this country doesn’t have a retirement visa, but you could get a permanent residency if you have family there through the family reunification visa.
One of the coolest things to see in Turkey is the Aya Sofya, considered a glorious building from the Byzantine era. Visiting the museum is the best activity you can do in Istanbul. The exterior of the structure with the minarets was completed after the Ottoman conquest, while the interior is reminiscent of Constantinople.
The cost-of-living index equals 37.17, while the average rent falls at $340.61. The groceries index is 31.15, and the buying power index is 29.86. Bulgaria is known for “The Blue Danube” waltz, which can be enjoyed on the shores of the river. Rent prices are 92% cheaper than the Big Apple. Sadly, short-term visas might be easy to obtain, but anything long-term is given for other purposes like education and work.
One of the best cities to visit is Burgas, which is surrounded by sea and a couple of lakes. Believe it or not, this town is fairly new as it started developing in the 20th century. Its bay is amazing for trading and navy. Another interesting city is Koprivshtitsa, which will show all the color and technique of Bulgarian architecture, and there are plenty of wonderful folk festivals to enjoy.
The cost-of-living index equals 35.39, while the average rent falls at $312.45. The groceries index is 26.30, and the buying power index is 27.84. Serbia is another country where you can save 92% on rent as compared to New York City. Many tourists love skiing and hiking in the mountains. You might have to do some paperwork at the City of Belgrade Police Directorate to get a permit, but you can qualify for a permanent visa if you lived there for five years or married a Serbian person.
One of the most popular cities is Belgrade, the capital. It’s one of the most energetic cities in Europe due to the massive nightlife. Additionally, there are many national parks, museums, galleries, and more to explore. Furthermore, the Kalemegdan Fortress overlooks the city with its impressive façade, but the restaurants are also a pretty great spot for lovers.
The cost-of-living index equals 37.70, while the average rent falls at $500.73. The groceries index is 37.87, and the buying power index is 18.89. Vietnam is a wonderful country in Asia with some of the best food and lowest prices ever. There are many kinds of visas in the country that you can find on the Ministry of Foreign Affairs, but the longest is only for five years. Luckily, you can easily renew it.
If you are ever in Vietnam, you have to visit Halong Bay. It’s one of the most arresting sites in the world, and that’s why UNESCO listed as a World Heritage Site. It’s a great spot for cruises to sail around, but just one day won’t be enough as there caves to explore like the Hang Sung Sot and the Hang Dao Go. However, most people just prefer sailing while looking at all the majesty.
The cost-of-living index equals 32.71, while the average rent falls at $414.16. The groceries index is 30.30, and the buying power index is 30.23. You might think about retiring to a Latin country, and Mexico is just a bit below with some of the best weather in the continent. You just need a monthly income of $2,000 or $80,000 in your account to become a permanent resident.
Rent and groceries prices are 90% and 70% less expensive than in New York. If you are looking for some fun in the sun, you have to visit Playa Del Carmen, which is considered the coolest place in the Yucatán Peninsula. It has many bars, cafes, and resorts that are perfect for tourist, as well as any older folks looking for some fun. Another interesting part about the town is that it has been influenced by other nations; so, Americans will never feel so lost.
The cost-of-living index equals 35.09, while the average rent falls at $437.35. The groceries index is 32.61, and the buying power index is 19.67. The tourism board of the Philippines created the slogan: “It’s more fun in the Philippines.” One of the reasons is that locals always have a ready smile for anyone in this archipelago surrounded by white sand and clear blue seas. You can get a resident retiree’s visa if you have a pension of $800 a month or $10,000 in the bank.
But, if you don’t have a pension, you might be able to get a visa if you have more in your bank account. One of the most interesting cities to visit is Palawan, which is the hub of beautiful beaches. But you need to get there by going through Puerto Princesa, which is also known as “City in a Forest”, and you have to check out the Underground River, another UNESCO World Heritage Site.
The cost-of-living index equals 36.24, while the average rent falls at $397.46. The groceries index is 38.14, and the buying power index is 18.02. These volcanic islands include lots of outdoor events for everyone. If you are looking to retire, all you need is a $1,500 income a month, plus insurance and a place to stay. You could be moving to Indonesia in a jiffy!
One of the best things to see is the Raja Ampat Islands, which is north of the island of New Guinea. Raja Ampat means “the four Kings”, and it’s an archipelago of more than 1,500 islands and cays. According to some studies, it has the highest recorded diversity of marine life in the world, and it’s one of the most popular diving destinations on Earth.
The cost-of-living index equals 30.15, while the average rent falls at $331.19. The groceries index is 24.33, and the buying power index is 22.46. Coffee lovers would definitely enjoy moving to Colombia, and a retirement visa is very easy to get. You only need a $765 recurrent pension from a secure source such as Social Security. You can apply for this visa online.
One of the most gorgeous cities is Popayan, which is in southwestern Colombia. They also call it “Ciudad Blanca”, or “White City”, sometimes because most of the buildings are painted white. It was founded in 1537, and its cool climate has drawn in many rich Spanish families. They’re famous for the Maundy Thursday procession but also for the nightlife.
The cost-of-living index equals 20.40, while the average rent falls at $181.83. The groceries index is 18.25, and the buying power index is 15.42. Most Americans don’t think of Pakistan as a great place to retire to, but that’s because they don’t know that more than 1.2 million citizens are British-Pakistanis. Additionally, it has one of the lowest cost of livings in the world. You can get a long-term visa for this nation for special reason or if you have Pakistani blood.
According to many travelers, Pakistani people are the best hosts in the world. They smile at everyone they see and even invite tourists to their homes for dinner. Furthermore, the landscapes of this country are incredibly varied. They have mountains, valleys, rivers, glaciers, and forests. In fact, out of the world’s 14 highest peaks, five are in this nation, including the K2.
The cost-of-living index equals 39.38, while the average rent falls at $396.59. The groceries index is 39.70, and the buying power index is 22.75. Their motto is “Truly Asia”, and this country is considered a hub of exotic beaches, modern skyscrapers, and one of the best places for geological studies. Sadly, residency is really exclusive as they give it to people with family connections.
Naturally, you have to visit Kuala Lumpur, which features the Petronas Towers right in the middle. The city is filled with bazaars in Petaling Street, and Bukit Bintang, the entertainment city, is a great place for nightlife. You can get all kinds of international cuisine such as Chinese noodles and Portuguese fish BBQ. There are tons of cultures mixed into one along with sites to explore like the Batu Caves and Islamic art buildings.
The cost-of-living index equals 24.17, while the average rent falls at $225.30. The groceries index is 24.20, and the buying power index is 17.15. You might not be surprised, but life in India is very cheap. Rent prices are 95% lower than in the Big Apple, and the general cost of living is 75% less expensive. Unfortunately, they don’t have special retirement visas, but you can get a tourist visa that lasts 10 years.
One of the must-see places in India is Varanasi, where most Hindus are cremated near the Ganges River. You might even see sadhu with human ashes. Of course, the Taj Mahal is mandatory for tourists as one of the most important landmarks in the country. Furthermore, the city of Anjuna has a similar vibe to the 60-70s hippies of the United States. In fact, many foreigners went there in those decades and never left.
1. SRI LANKA
The cost-of-living index equals 30.24, while the average rent falls at $300.95. The groceries index is 33.57, and the buying power index is 17.36. Aside from the low cost of living, Sri Lanka is great because they offer a “dream home” visa, and people need a $15,000 deposit, and a pension of $1,500 to apply. Furthermore, you have to be over the age of 55 to apply.
Sri Lanka was even named No. 1 destination in Lonely Planet’s 2019 Best in Travel list. One of the things you have to see in this country is the Sigiriya Rock Fortress, also known as Lion’s Rock. It’s a giant structure built over a rock, and huge lion paws were carved at the entryway. It’s also a UNESCO World Heritage Site, and people often call it the Eighth Wonder of the World.
We cannot believe how many great options there are around the world, and they are such beautiful places that anyone will love. Let us know which one would be perfect for you. If you liked this article, share it with your friends who love to travel. See you next time!