8 of the Cheapest Countries to Retire Around the World

Mexico:

With its warm weather, diverse living options, and low cost of living, Mexico is a popular retirement destination. Cities like Cancún and San Miguel de Allende offer reduced expenses and amenities for retirees, along with accessible healthcare and visa requirements.

Ecuador:

Known for its Pacific coastline and expat communities, Ecuador offers a cost of living nearly 54% lower than the U.S. Cuenca, a UNESCO World Heritage Site, provides a moderate climate and affordable healthcare, making it appealing to retirees.

Costa Rica:

Stretching from the Pacific to the Caribbean, Costa Rica boasts jungles, beaches, and modern cities. San Jose, its capital, offers a cost of living around 47% lower than New York, along with excellent healthcare and residency programs for retirees.

Portugal:

Renowned for its scenic beauty and mild weather, Portugal has a cost of living about 35% lower than the U.S. Lisbon, its capital, provides affordable housing and healthcare, attracting retirees who seek a high quality of life.

Panama:

Ranked as one of the best places to retire, Panama offers a cost of living about 35% lower than the U.S. Panama City provides affordable housing and healthcare options, with residency programs like the Pensionado visa for retirees.

Vietnam:

With its affordable cost of living and stunning scenery, Vietnam appeals to adventurous retirees. Ho Chi Minh City offers a cost of living about 70% lower than New York, along with accessible healthcare and visa options for long-term stays.

Montenegro:

Known for its Adriatic coastline and picturesque resorts, Montenegro offers a cost of living about 44% lower than the U.S. Podgorica, its capital, provides affordable housing and healthcare, attracting retirees seeking European charm.

Colombia:

With its diverse landscapes and vibrant culture, Colombia offers a cost of living about 56% lower than the U.S. Bogotá provides affordable housing and healthcare, along with visa programs like the Pensionado for retirees.