The 7 Best Countries to Retire In
Thinking about where to spend your golden years? Choosing the perfect place to retire is a big decision, and beauty can play a significant role in your choice. We've compiled a list of the seven most beautiful and affordable places to retire. These destinations offer stunning landscapes, pleasant climates, and charming communities. Ready to be inspired?
Costa Rica: Pura Vida Lifestyle
Costa Rica is renowned for its natural beauty and laid-back "Pura Vida" lifestyle. With lush rainforests, pristine beaches, and welcoming communities, it's a popular choice for retirees. Couples can live comfortably on $2,100 a month, covering housing, transportation, medical care, utilities, food, and entertainment. Residents have the option to either contribute monthly to the universal healthcare program (typically 7-11% of their income) or obtain a private policy.
Italy: The Charm of the Mediterranean
Italy, with its rich history, stunning architecture, and delicious cuisine, is a dream retirement destination. The warm climate and relaxed lifestyle make it perfect for retirees looking to enjoy their days under the Mediterranean sun. The cost of living varies by region, with southern Italy being more affordable than the north. Italy's healthcare system is excellent, providing universal coverage and high-quality services. While central Tuscany has some of Italy's highest real estate prices, more affordable options can be found in peripheral towns like Pistoia, Lucca, Volterra, Manciano, Pitigliano, and San Sepolcro.
Portugal: A Coastal Paradise
Portugal's scenic coastlines, affordable cost of living, and welcoming communities make it an ideal place for retirees. The Algarve region, in particular, is famous for its beautiful beaches and vibrant expat community. Portugal offers a low cost of living compared to other Western European countries; a couple can live comfortably for about $2,500-3,000 a month. Portugal's well-regarded healthcare system that is accessible to residents and expatriates alike, with co-pays about $10 per visit. For a retired couple seeking private insurance, the combined cost would be $325 per month.
Spain: Vibrant Culture and Warm Climate
Spain offers a vibrant culture, delicious food, and a warm climate. Cities like Barcelona and Valencia provide a mix of modern amenities and historical charm, making them perfect for retirees who want the best of both worlds. Spain's cost of living is relatively low, particularly outside major cities, with expenses for a couple averaging around $1,970 per month. During the first five years of residency, expats must have private health insurance, with numerous affordable plans available. Rates are typically around $135 per month for a healthy individual in their early 60s, covering all services, including lab work and dental.
Greece: Ancient Beauty and Relaxed Lifestyle
Greece, with its ancient ruins, stunning islands, and relaxed lifestyle, is a top choice for many retirees. Housing costs are 75% lower than in the U.S., often offering beautiful coastal views. The Mediterranean diet is both delicious and healthy, and private healthcare is very affordable, with premiums costing just $180 per year.
Malaysia: Modern Amenities and Natural Beauty
Malaysia offers a unique blend of modern amenities and natural beauty. According to the International Living editors, the cost of living is about one-fifth of the cost of the U.S., offering beautiful scenery, friendly locals, and delicious food. Penang, one of Malaysia's most sought-after locations, remains quite affordable. Renting a three- or four-bedroom apartment with an ocean view costs about $750-$1,000 per month, while prices drop to around $600 further inland. The healthcare in Malaysia is high-quality and affordable with basic insurance starting around $400 a month, doctor visits without insurance typically costs only $15.
Mexico: Affordable and Diverse
Mexico is a popular retirement destination due to its affordability, beautiful landscapes, and rich culture. The Yucatán Peninsula, located on Mexico's east coast and surrounded by the Gulf of Mexico and the Caribbean Sea, is home to resorts, beaches, and significant Mayan archaeological sites. Mexico offers a high quality of life at a fraction of the cost in the U.S. In mid-priced regions such as Puerto Vallarta or Mérida, a furnished two-bedroom home costs about $600 per month. The healthcare system is both affordable and accessible, with costs for a retiree in their 60s averaging $89 a month, making Mexico a top choice for many retirees.
Retiring in any of these beautiful countries can provide a fulfilling and enjoyable experience, allowing you to make the most of your golden years in some of the most picturesque places on earth.
References: The Best Places in the World to Retire | The 14 Most Beautiful Places to Retire Abroad | Tuscany, Italy: Retiring, Cost of Living and Best Things To See and Do - IL
