1. Portugal
Portugal has become a hotspot for retirees, especially in cities like Lisbon and Porto, as well as the sunny Algarve region. The cost of living is lower than in many Western countries, with affordable healthcare and a relaxed pace of life. English is widely spoken in tourist areas, making the transition easier for those who don’t speak Portuguese. The country also boasts a warm climate, stunning coastlines, and a rich cultural history that blends the old with the new. Fresh seafood and delicious pastries, like the famous pastel de nata, make dining out a pleasure. Many expats find a welcoming community, whether in small coastal towns or larger urban centers says Kiplinger.
Real estate prices remain reasonable, especially outside of Lisbon, and rental prices are much lower than in major U.S. cities. Public transportation is efficient and affordable, making it easy to get around without a car. The healthcare system is ranked among the best in the world, with many English-speaking doctors available. Portugal also offers tax incentives for foreign retirees, which can make life even more affordable. Safety is another huge perk, as Portugal consistently ranks as one of the safest countries in Europe. With its beautiful scenery, friendly locals, and relatively simple visa process, it’s no wonder so many retirees are making Portugal their new home adds Forbes.
2. Spain
Spain offers a high quality of life at a fraction of the cost compared to many Western countries. Whether you prefer the beach towns along the Mediterranean, the vibrant cities of Madrid and Barcelona, or the laid-back countryside, there’s something for everyone. The cost of living is much lower than in the U.S., particularly in smaller cities like Valencia, Seville, or Granada. Spanish cuisine is both delicious and affordable, with fresh produce, seafood, and world-famous tapas available at low prices. Public transportation is well-developed, making it easy to travel across the country without a car. Healthcare is excellent, with both public and private options available at a much lower cost than in the U.S shares Travel + Leisure.
One of Spain’s biggest draws is its warm climate, especially in the southern regions where winters are mild. The country’s rich cultural heritage means there’s always something to explore, from historic castles to bustling local markets. Many locals speak at least some English, especially in larger cities and expat-friendly areas. Spain also has a laid-back lifestyle, with long afternoon siestas and a focus on enjoying life rather than rushing through it. The country offers various visa options for retirees, including the popular non-lucrative visa. Whether you’re looking for beachside relaxation or a vibrant city atmosphere, Spain provides a comfortable and affordable retirement.
3. Mexico
Mexico has long been a favorite destination for retirees looking for a warm climate, a lower cost of living, and a vibrant culture. Many expats settle in cities like Mérida, San Miguel de Allende, and Puerto Vallarta, where communities are welcoming, and amenities are plentiful. The cost of healthcare is significantly lower than in the U.S., with high-quality private hospitals in most major cities. Food is inexpensive and delicious, with fresh produce, street tacos, and authentic Mexican cuisine readily available. Rent and home prices are also much lower, particularly outside of tourist-heavy areas shares Business Insider.
For those who prefer a slower pace, Mexico offers charming colonial towns, beautiful beaches, and stunning mountain regions. Public transportation is affordable and widely available, reducing the need for a car. Many areas have established expat communities, making it easy to meet others in similar life stages. Spanish is the main language, but English is commonly spoken in expat-friendly towns. The country offers a retirement visa with relatively simple requirements, allowing retirees to enjoy their golden years without excessive paperwork. With its warm hospitality, rich history, and affordability, Mexico is a great choice for retirees looking for adventure and comfort.
4. Costa Rica
Costa Rica is known for its lush landscapes, stunning beaches, and welcoming locals. Many retirees choose to settle in areas like the Central Valley, where the climate is pleasant year-round, or in beach towns like Tamarindo or Jaco. The cost of living is affordable, especially when it comes to fresh produce and local services. Healthcare is excellent and inexpensive, with many doctors trained in the U.S. or Europe. English is widely spoken in tourist areas and among expat communities, easing the language barrier for new arrivals.
The country places a strong emphasis on sustainability and a high quality of life, making it an appealing choice for those who love nature and outdoor activities. Costa Rica offers a straightforward residency process for retirees, including the popular “pensionado” program. Public transportation is efficient and inexpensive, making it easy to get around without a car. The locals, known as “Ticos,” are friendly and welcoming, which helps make the transition smooth. With its peaceful atmosphere and breathtaking scenery, Costa Rica is an excellent place to enjoy a relaxed retirement.
5. Malaysia
Malaysia is one of the most affordable and comfortable places to retire in Asia. The country has a diverse culture, with a mix of Malay, Chinese, and Indian influences, making it a unique and exciting place to live. The cost of living is low, with affordable housing, cheap public transportation, and inexpensive but high-quality healthcare. Many retirees choose cities like Penang or Kuala Lumpur, where English is widely spoken and modern amenities are available. The food scene is incredible, offering a mix of street food and fine dining at a fraction of the cost found in Western countries.
Malaysia also offers a retiree-friendly visa program called Malaysia My Second Home (MM2H), making it relatively easy for foreigners to settle down. The country has excellent infrastructure, including reliable internet, public transport, and modern healthcare facilities. The climate is warm year-round, perfect for those who enjoy tropical weather. With its mix of city life, beautiful beaches, and lush rainforests, retirees can enjoy both relaxation and adventure. For those looking for an exotic but familiar retirement destination, Malaysia provides comfort and affordability in equal measure.
6. Thailand
Thailand has long been a favorite for retirees looking for an affordable and exotic place to settle down. The cost of living is incredibly low, with inexpensive housing, affordable healthcare, and delicious street food for just a few dollars. Popular retirement destinations include Chiang Mai, Bangkok, and the islands of Phuket and Koh Samui. English is commonly spoken in tourist areas, and the country has a well-established expat community. The people, known as the “Land of Smiles,” are friendly and welcoming, making it easy to feel at home.
Healthcare in Thailand is top-notch, with international hospitals offering world-class treatment at a fraction of the cost in Western countries. The warm climate, stunning landscapes, and vibrant street markets add to the appeal of living here. Thailand also offers a retirement visa for those over 50, making the legal side of moving relatively simple. Public transport is cheap and efficient, whether you prefer tuk-tuks, buses, or domestic flights. For those looking for adventure without sacrificing comfort, Thailand is an ideal retirement destination.
7. Ecuador
Ecuador is an underrated gem for retirees looking for an affordable yet comfortable place to live. The cost of living is incredibly low, with affordable rent, groceries, and healthcare. Cities like Cuenca and Quito are popular among expats, offering a mix of colonial charm, modern amenities, and a mild climate. The country uses the U.S. dollar, which makes financial transactions easier for American retirees. Fresh produce and local markets make it easy to eat well on a budget, while dining out is much cheaper than in most Western countries.
The healthcare system is excellent and extremely affordable, with private options available for those who prefer English-speaking doctors. Public transportation is reliable and inexpensive, making it easy to get around without a car. Ecuador also has a retiree visa that allows foreigners to live comfortably on a modest income. The diverse landscapes, from the Andean mountains to the Pacific coastline, provide endless opportunities for adventure. With friendly locals and a relaxed lifestyle, Ecuador is a top choice for those seeking both affordability and natural beauty.
8. Panama
Panama has long been a favorite for retirees thanks to its easy residency programs and affordable cost of living. The country’s “Pensionado” visa offers retirees significant discounts on everything from healthcare to entertainment. Many expats settle in places like Panama City, Boquete, or Coronado, where there are well-established foreign communities. English is widely spoken, especially in business and healthcare settings, easing the transition for retirees. The climate is tropical, with warm temperatures year-round, and there are plenty of beachside and mountain retreats to choose from.
Healthcare is high quality and significantly cheaper than in the U.S., with many doctors trained in North America or Europe. Public transportation is reliable and inexpensive, and driving is not necessary in most areas. The cost of groceries, dining out, and utilities is much lower than in the U.S., allowing retirees to stretch their budgets further. Safety and political stability make Panama an attractive option compared to some of its Central American neighbors. With its modern infrastructure, welcoming locals, and proximity to the U.S., Panama is an excellent choice for retirees looking for an easy transition.
9. Colombia
Colombia has shed its past reputation and is now one of the most exciting and affordable retirement destinations. Cities like Medellín, often called the “City of Eternal Spring,” offer a perfect climate with modern amenities. The cost of living is remarkably low, with affordable rent, healthcare, and fresh local food. Many expats are drawn to Colombia’s vibrant culture, friendly people, and breathtaking scenery. Spanish is the official language, but English is becoming more common in major cities and expat communities.
The healthcare system in Colombia is ranked among the best in Latin America, with affordable private healthcare options available. Public transportation is efficient and cheap, making it easy to explore different parts of the country. The visa process is straightforward, with several options available for retirees. Whether you prefer bustling city life, quiet coffee region towns, or coastal retreats, Colombia offers plenty of choices. With its affordability and beauty, it’s no surprise that more retirees are discovering this hidden gem.
10. Vietnam
Vietnam offers a unique mix of affordability, rich culture, and stunning landscapes. Cities like Da Nang, Hoi An, and Ho Chi Minh City have growing expat communities and offer modern conveniences at a fraction of the price found in the West. Rent is incredibly cheap, and even luxury apartments can be found at budget-friendly prices. The food is world-famous, with fresh, healthy meals available for just a few dollars. English is commonly spoken in larger cities and tourist areas, making it easier to navigate daily life.
Healthcare in Vietnam is high quality and very inexpensive, with many international hospitals catering to foreigners. The country’s warm climate and beautiful scenery, from beaches to mountains, make it an appealing place to settle down. Transportation is cheap, whether you prefer taxis, motorbikes, or buses. Vietnam also offers a long-term visa for retirees, making it easier to stay for extended periods. With its welcoming locals and low cost of living, Vietnam is an excellent option for adventurous retirees.
11. Greece
Greece is a dream destination for retirees seeking history, sunshine, and affordability. The cost of living is surprisingly low, especially on lesser-known islands and in smaller towns like Thessaloniki or Kalamata. Rent is much cheaper than in Western Europe or the U.S., and local produce is both fresh and inexpensive. The healthcare system is high quality and affordable, with many doctors speaking English. Greece’s relaxed lifestyle, combined with beautiful beaches and ancient ruins, makes everyday life feel like a vacation.
Many retirees appreciate the warm and welcoming nature of the Greek people. English is widely spoken in tourist areas, making communication easier for expats. Greece offers a long-term visa for non-EU retirees, making it accessible to foreigners. Public transportation is efficient, and many towns are walkable, reducing the need for a car. With its rich culture, Mediterranean diet, and breathtaking views, Greece is an ideal retirement haven.
12. Belize
Belize is an excellent option for retirees looking for an English-speaking country with a Caribbean vibe. The country’s Qualified Retired Persons (QRP) program makes it easy for foreigners to settle down. Many expats choose towns like Ambergris Caye or Placencia, where the beaches are stunning and the lifestyle is laid-back. The cost of living is reasonable, with affordable rent, fresh seafood, and low-cost healthcare. Since English is the official language, adjusting to life in Belize is much easier than in other Central American countries.
The tropical climate is perfect for those who love warm weather year-round. Belize also has a low population density, meaning plenty of space to enjoy nature and outdoor activities. Public transportation is simple and affordable, though many retirees prefer to get around by golf cart in smaller towns. The country is known for its friendly locals and welcoming expat community. For those seeking a relaxed, island-style retirement, Belize is a fantastic choice.
13. Italy
Italy offers a rich history, breathtaking landscapes, and an affordable cost of living outside of major tourist hubs. Cities like Bologna, Lecce, and Palermo provide a lower cost of living compared to Rome or Milan. Fresh food, excellent wine, and a focus on enjoying life make Italy a wonderful place to retire. Healthcare is high quality and much more affordable than in the U.S. or UK. Many small towns and rural areas offer picturesque homes at surprisingly low prices.
Italy has a special visa program for retirees who can demonstrate sufficient income. English is widely spoken in tourist areas, but learning some Italian can enhance the experience. Public transportation is efficient, with trains making travel between cities easy and inexpensive. Whether you prefer coastal villages, rolling countryside, or lively city life, Italy offers something for every retiree. With its slower pace of life and endless cultural treasures, retiring in Italy feels like living in a dream.
14. Uruguay
Uruguay is one of the safest and most stable countries in South America, making it an attractive choice for retirees. The cost of living is reasonable, particularly outside of Montevideo, and the country has a high standard of living. Healthcare is high quality and affordable, with many hospitals offering English-speaking staff. The locals, known as “Uruguayos,” are friendly and welcoming, making it easy for retirees to integrate. The country’s climate is mild, with warm summers and gentle winters, avoiding extreme temperatures.
Public services, including transportation and healthcare, are well-developed and easily accessible. Uruguay offers a retirement visa with minimal hassle, allowing foreigners to settle down comfortably. The country’s beaches, countryside, and charming towns provide a variety of lifestyles to choose from. With its relaxed atmosphere and strong sense of community, Uruguay is an excellent place to enjoy a peaceful and affordable retirement.