As living costs in the United States keep soaring, more people are eyeing international spots with lower expenses. Some places are so affordable that you might retire early or work part-time while living in luxury.
International Living has published its annual report on the best retirement destinations worldwide. This report features several stunning and budget-friendly countries, from coastal paradises to well-known European locations. Let’s explore these surprisingly cheap countries where you can quit your job and retire early.
1. Portugal
Portugal, with its beautiful landscapes and warm climate, offers a high-quality lifestyle at a fraction of the cost in the U.S. The Algarve region is especially popular among retirees for its beaches, golf courses, and affordable living.
2. Mexico
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Mexico remains a top choice for retirees due to its proximity to the U.S., friendly locals, and vibrant culture. Cities like Mérida and San Miguel de Allende offer affordable housing, delicious food, and a welcoming community.
3. Costa Rica
Known for its biodiversity and eco-friendly lifestyle, Costa Rica attracts many retirees. With its low cost of living and excellent healthcare, it’s an ideal place to enjoy a peaceful and active retirement.
4. Panama
Panama offers a blend of urban and rural living, with Panama City providing modern amenities and the countryside offering tranquility. Its Pensionado program makes it easy for retirees to settle and enjoy discounts on various services.
5. Colombia
Colombia, once overlooked, is now gaining attention for its affordable living and beautiful scenery. Cities like Medellín, known for their pleasant weather and vibrant culture, are becoming retirement hotspots.
6. Vietnam
Vietnam’s low cost of living and rich cultural heritage make it an attractive destination for retirees. Cities like Da Nang and Nha Trang offer beautiful beaches, affordable healthcare, and a relaxed lifestyle.
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7. Ecuador
Ecuador is praised for its diverse climates, from coastal areas to the Andean highlands. The city of Cuenca is especially popular among retirees for its colonial charm and affordability.
8. Thailand
Thailand’s welcoming locals, delicious cuisine, and affordable living costs make it a top retirement destination. Cities like Chiang Mai and Phuket offer a mix of cultural experiences and modern amenities.
9. Malaysia
Malaysia offers retirees a warm climate, diverse culture, and low cost of living. Kuala Lumpur and Penang are popular choices, providing a blend of urban living and natural beauty.
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10. Spain
Spain, with its rich history, beautiful landscapes, and affordable living, is a favorite among retirees. Cities like Valencia and Alicante offer a high quality of life, excellent healthcare, and vibrant communities.
