TEMPO.CO, Jakarta - The best places in the world to retire offer affordable living costs, exceptional quality of life, and welcoming communities that can truly elevate your golden days. Recently, International Living unveiled its annual Global Retirement Index to help future retirees find the perfect destination to enjoy a rich and rewarding life overseas.
Best Places in the World to Retire
In most cases, holiday destinations like Mexico, Spain, and Italy are often cited as the best places in the world to retire, factored by multiple reasons including low-cost rent opportunities and resourceful community. Read on to discover more of the global index.
1. Panama
Panama is an easy pick to make your retirement dreams come true just within the same hemisphere as the US. In this tax-friendly paradise, retirees are treated to an array of generous perks—think 25% off electricity bills, 20% savings on medical consultations, and up to 50% discounts on movie tickets and live events.
With its unbeatable blend of everyday comforts, Panama invites retirees to embrace a richly rewarding lifestyle, complete with world-class shopping, a lively culinary scene, and year-round tropical breezes.
2. Portugal
The second-best place in the world to retire, Portugal, boasts popular expat hubs around Lisbon, Algarve, and Porto, where finding valuable goods at bargain prices are still possible.
With a budget of $2.500 to $3,000 a month in the bank, retirees can own a comfortable life that includes $87-$163 utilities and $434 groceries cost.
Most importantly, Portugal attains one of the top ranking healthcare systems on the list, covering personalized care with English-speaking doctors at $17.40 or around $600 monthly.
3. Costa Rica
Costa Rica warmly welcomes retirees through its pensionado residency program, inviting them to enjoy their golden years in paradise with just a few simple requirements, such as proof of a $1,000 monthly income and a clean criminal record.
Nestled among lush landscapes and tropical beauty, the Central Valley remains a timeless favorite for retirees, thanks to its peaceful charm and close access to top-tier healthcare facilities. For those ready to turn this dream into reality, you can find a fully furnished home in the scenic town of Grecia for around $900 a month.
4. Mexico
For North American expats, Mexico emerges as the best place in the world to retire, surrounded by low living costs and reliable public transport systems. Beneath the celebrated sandy beach, the Caribbean transforms into a crowned paradise known for its affordability.
In this sun-soaked region, island living becomes surprisingly reachable, with cozy one-bedroom apartments renting for as little as $500 a month. All in all, Mexico makes an affordable getaway to your own slice of paradise.
5. France
When it comes to price accessibility, France isn’t always the first nominee. However, certain solid sectors– like housing and healthcare, stand as the testaments to the country’s excellency.
On average, rent in France stays 51% lower than the United States, where retirees can purchase a home with a 34% cheaper price.
Notably, the price of healthcare in France hasn’t experienced a surge since 2010, making a $26 pay per doctor visit a possible journey.
6. Spain
Among many other countries that pay you to move there, Spain shines with its affordability. Even within Europe’s borders, this vibrant travel gem dazzles with sweeping sea views, energetic festivals, and iconic cobblestone streets, all without breaking the bank.
Although most Spanish residency visas do require private health insurance, the good news is that coverage is typically budget-friendly and easy to obtain.
7. Malaysia
As Asia’s leading destination for top-tier healthcare, Malaysia rightfully earns its place on the list. But it’s not just the affordability that draws attention as the country’s private hospitals boast highly skilled, English-speaking doctors and world-class facilities that make every visit worthwhile.
Adding to its appeal, Malaysia's healthcare system is celebrated for its speed, professionalism, and exceptional care, all at a fraction of the cost, with specialist visits typically ranging from just $10 to $50.
8. Greece
Retiring in Greece unlocks a wealth of benefits that go far beyond its postcard-perfect blue waters. Known for its remarkably affordable cost of living, the country shines as a budget-friendly paradise, especially in Corfu.
Here, retirees can enjoy a laid-back lifestyle with one-bedroom apartments available for as little as €400 to €600 per month, making island living both dreamy and doable.
9. Italy
With irresistible delicacies, preferable lifestyle, and warm community, Italy charms the public as one of the best places in the world to retire.
This legendary vacation hotspot is a dream come true for retirees seeking a slower and more soulful pace of life, where history whispers from every corner and culture is woven into daily routines.
While the lifestyle here may come with a slightly higher price tag, the rich experiences it offers are well worth the investment.
10. Thailand
To close the list of best places in the world to retire, Thailand presents the conveniences of applying for an indefinite renewable residence permit. Holding a security deposit of $23.883 allows expats above the age of 50 years old to enjoy the country’s low cost of living.
As a renowned food paradise, it also invites food lovers on a thrilling culinary adventure around every corner. With acclaimed eateries hidden in bustling streets and quiet alleys alike, savoring delectable dishes is as easy as it is irresistible.
Ultimately, the best places in the world to retire cater to a wide range of lifestyles, budgets, and personal preferences, whether you’re drawn to the cultural richness of Europe, the natural beauty of Central America, or the healthcare excellence in Asia.
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