8 Of The Cheapest Countries To Retire Around The World

Published July 25, 2022

By Patricia Doherty

It’s well-known that moving can help reduce living costs — particularly if the retiree is leaving a  large city. Just as at home, though, costs vary depending on location, lifestyle, and personal  needs.  However, if the object is to reduce expenses, most retirees can accomplish that and live  quite well in a variety of countries.

From Latin America to Asia and Europe, retirees are finding homes and plenty of expat  communities where living is more affordable. Weather, location, health care access, language,  visa  qualifications, and income requirements are among the many considerations that go into  deciding on a retirement home. Financial advisors, experienced travellers, and expat retirees can  help with advice, and the Social Security Administration, Internal Revenue Service, and State  Department also have important information to offer. Data from Numbeo, updated as of June  2022, is used here for the cost of living comparisons.

These countries are the cheapest to retire in

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