Retirement in the United States can be expensive. In Florida, often the nation’s favorite state for retirees, settling down and enjoying your golden years can cost as much as $58,396 per year.
This is one reason why many Americans choose to leave the United States and retire abroad. Nearly 450,000 people were receiving Social Security checks outside the United States at the end of 2021, up from 307,000 in 2008, according to the 2023 report. wall street journal.
But not all international retirement destinations are created equal, especially if you’re on a budget. last month, international life A list of 13 destinations has been released where a couple can retire for as little as $1,500 a month.
International Living identifies the best locations from more than 200 countries around the world using the following seven categories:
- housing
- Visas and benefits
- living cost
- Affinity Rating
- health care
- development and governance
- climate
In addition to considering these factors, International Living looked at each country’s high-speed internet, internet opportunities and the availability of English-speaking locals or service providers.
While towns are spread across the world, there are some countries where retirees can afford it. Mexico has the most cities on the list, with five destinations in Southeast Asia.
America’s Most Affordable Retirement Destinations
Queretaro, Mexico is one of three cities in the country listed in the International Living Report.
Sergio Mendoza Hochman | Sergio Mendoza Hochman Moments | Getty Images
- Queretaro, Mexico
- isla mujeres mexico
- Cozumel, Mexico
- Armenia, Colombia
- Arenal, Costa Rica
Queretaro, Mexico is one of three South American cities selected by International Living Magazine.
It is located in north-central Mexico, just over two hours’ drive from Mexico City. The local airport also offers direct flights to multiple U.S. hubs, including Dallas/Ft. Worth, Houston and Chicago.
Querétaro has a mild climate and a variety of warehouse-style shopping options, such as Costco and Sam’s Club.
The estimated monthly cost of rent for a single person in Querétaro is $744.50 Nubeo.
The average rent for a one-bedroom apartment in Queretaro is 10,571.43 MXN, which is approximately $633 USD.The average rent for an apartment of the same size in Florida’s retirement hotspots is $1,236 Zillo.
Asia’s most affordable retirement destinations
Chiang Mai, Thailand is one of the Asian cities listed in the International Living report.
Putisis Thongtai | The Moment | Getty Images
- Penang, Malaysia
- Chiang Mai, Thailand
- Phnom Penh, Cambodia
- Kuching, Malaysia
- Hoi An, Vietnam
Chiang Mai, Thailand is one of five Southeast Asian cities listed in the International Living Survey.
It is the largest city in northern Thailand and is home to hundreds of Buddhist temples. It’s an hour’s flight from the country’s capital, Bangkok.
According to statistics, not including rent, the monthly cost for one person is estimated to be $515.50 Nubeo. Additionally, the average rent for a one-bedroom apartment in the city center is 14,100.00 baht, or about $395 per month.
Chiang Mai is home to Mount Inthanon, Thailand’s highest peak. According to reports, it is known as one of the best bird watching locations, with more than 300 species of birds inhabiting the Peak Park. hotels.com.
Europe’s most affordable retirement destinations
Granada, Spain, is one of two cities in the country to make the international living list.
Amit Basu Photography | Moment | Getty Images
- Alicante, Spain
- granada spain
- Bergerac, France
Granada, Spain, located at the foot of the Sierra Nevada Mountains in Andalusia, is a city full of Spanish and Moorish history.
The city is also home to the University of Granada, which has approximately 47,000 undergraduate students spread across multiple campuses in the city.
It offers retirees the opportunity to embrace a more relaxed Spanish lifestyle while still staying connected to the younger living culture of a “college town.”
In Granada, the estimated monthly rental cost for a single person is $771.30, Nubeo state.
The average cost of renting a one-bedroom apartment in the city center is 583.33 euros per month, about $637.That’s still about $677 less than the previous price Average rental price for apartments Harrisburg, Pa., reportedly one of the best places to retire in the U.S. U.S. News & World Report.
Conversions of Euros to US dollars are made using the OANDA exchange rate of 1 Euro to US$1.09 on March 15, 2024. All amounts are rounded to the nearest dollar.
The conversion of Thai Baht to USD is done using the OANDA exchange rate as of March 15, 2024 (1 Baht to USD 0.02). All amounts are rounded to the nearest dollar.
The conversion of Mexican Pesos to US Dollars is done using the OANDA exchange rate of 1 Mexican Peso to US$0.05 on March 15, 2024. All amounts are rounded to the nearest dollar.
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