countries where you can retire and live cheaply have you ever thought of packing your bags and
moving to a cheaper country to live and possibly retire well in today's video we will be sharing
you 10 great countries you might want to consider several reference points were put
into consideration to pinpoint the best value destinations across the world such as living
cost monthly rent costs and expenditures among others however as much as finding the cheapest
place to retire may seem ideal a comfortable and safe environment is also key for retirement
with that said here are 10 countries where you can retire and live cheaply
1. portugal the fact that portugal ranks among the top five on the global peace index makes it
one of the overall safest countries in the world not only that the portuguese are known to be very
friendly and welcoming people which is also one of the reasons why this nation is considered safe
the country itself is beautiful with attractive sandy beaches brilliant sunshine providing a warm
climate and it's rich with culture its natural geographical beauty complements the architecture
of various eras if you want to retire in portugal health insurance is required for you to be granted
residency all this is facilitated at the local consulate luckily many major health insurance
companies that serve your country may also extend coverage to portugal but you may need to counter
check as if that's not an easy transition portugal has also recently tweaked its tax code making it
friendlier to expats you might be exempted from tax for the next 10 years as long as you meet
the requirements for non-habitual residents nhr status in comparison to other countries
expats may end up only spending a third of what they would while living in portugal
for example in the capital city of lisbon a couple can live comfortably on about twenty
two hundred dollars a month in smaller cities such as panic the budget can range from 1400 to 1700
if however the city doesn't fancy you you might want to consider a village lifestyle
which could see you living in a historic homestead in a mountain national park costing about 400 a
month so whether you're looking towards an urban living setup a country home or a quiet suburb it's
easy to find exactly what suits you in portugal and with beautiful areas such as lisbon porto
marvel and coimbra you'd be spoiled for choices 2. malaysia if there is a country on this list
putting effort in making strides to make it more welcoming to foreigners and expats that country
would be malaysia they have a program known as malaysia my second home mm-2h which can grant you
a visa of up to 10 years long it's no surprise that it's been a popular expat destination
since the late 1960s aside from its many beaches seductive islands and pristine jungles which make
it an ultimate getaway for nature lovers expats are allowed to own property freehold this means
there is zero inheritance tax also the country has a no tax policy on income earned overseas
in the capital a couple can live comfortably on 1455 a month which also includes rent in malaysia
a one bedroom apartment costs an average of 175 dollars in the urban areas and 140 in the suburbs
if you fancy a nice three bedroom apartment with a sea view be ready to part with 403 dollars
per month the food at the local eeries also costs less than five dollars for a decent meal
healthcare provisions are also relatively cheaper the unofficial first language is english so
there's no need to learn another language 3. spain despite the small setbacks spain faced with its
internal political conflict which cost the country deduction of a few points in the global peace
index it remains a preferred european destination to retire in this is because its overall low cost
of living and peacefulness remains unmatchable considering its rich history spain offers plenty
of sightseeing venues evident with the many art lovers flocking the country it's not only
the rich beauty of spain that expats fancy expats may qualify for the country's public health care
program as long as they meet the set requirements even though the capital is not as cheap as we'd
want it to be spain has one of the lowest costs of living in western europe and some spots are
considerably priced you may secure a one bedroom apartment in the city center that costs about 925
dollars a month meaning you can live modestly on 2 000 a month because of the warm climate a majority
of the essential food items are inexpensive one can dine on a three-course meal for less than 30
4. costa rica imagine having the freedom of retiring in a tropical paradise without the
hefty price tag then look no further than costa rica this paradise is so unbelievably cheap that
it seems suspicious rent starts at 500 a month in the famous central valley with meals at local
restaurants costing about four dollars a single person can live on about sixteen hundred dollars
a month however many couples spend two thousand dollars a month which covers all their living
costs and that figure can go down to about fifteen hundred dollars depending on how you spend your
money or where you live there are many reasons to love this outstanding central american gym
the locals are friendly there is abundant nature favorable climate plus the residency process is
straightforward healthcare is also affordable with a visit to the physician setting you back 50 or
less anyone can retire in costa rica by applying for a pension auto visa as long as you receive a
monthly pension income of at least a thousand dollars a fun fact is costa rica abolish their
army making it the largest democracy without a military force 5. panama warm and tropical
panama lies entirely outside the hurricane belt it tops the global retirement index by international
living it offers one of the most impressive retiree programs in the world which is open to
everyone the famed pension auto visa is one to admire as it provides easy residency to expats
this visa comes with benefits that cover discounts of up to 30 percent on various facilities such
as discounted flights public transport and restaurants to get this type of visa you need
to have a pension annuity or social security income of at least a thousand dollars a month
if you don't qualify for this you can apply for the friendly nation's visa the tax burden is
low and they've even made several moves to attract expats plus zero income tax if you earn revenue in
other countries in the city a couple can live on a 1700 monthly budget with a single person shaving
about 20 to 30 percent off those numbers away from the city are more affordable locations such
as volcan where you can enjoy a peaceful life on a monthly budget of 1514 as a couple panama also
has excellent doctors fast internet remarkable cellular network coverage and quality air and
water 6. peru as far as scenery goes there's much to admire in peru the country is diverse featuring
mountainous regions to quiet farming towns and vibrant cities regardless of the region you stay
in in peru the cost of living tends to lie on the lower side of the spectrum in comparison to other
latin american countries you can live comfortably on fifteen hundred dollars a month or less and
you can find an apartment in an upscale district of lima for around eight hundred dollars a month
to secure a rentista visa you need to withdraw at least one thousand dollars in retirement savings
however this doesn't allow you to work and requires you to remain in the country for at least
six months each year to qualify for a permanent resident visa you must have maintained any visa
for three years and once approved the visa must be renewed every five years 7. france imagine soaking
up the sun under the clear skies in the garden of a pretty stone cottage set among orchards flowery
meadows and vineyards a perfect day at your own french home accompanied by the sound of honeybees
a glass of chilled wine in hand as you sit happily daydreaming of the next day's adventures france
sounds like a retirement paradise especially its sophisticated and glamorous capital paris
that's arguably the world's most glamorous city france has everything to admire good food and wine
a good climate unspoiled countryside excellent healthcare amazing traditions in history france
is more affordable than you may think depending on where you're coming from a couple can live here
for less than two thousand five hundred eighty three dollars a month which includes rent in
health care the excellent health care system is one of the best things about living in france you
can visit any doctor in any city as you wish and changing doctors is also flexible by appointment
everyone is entitled to healthcare coverage which is settled after three months of living in france
meaning 70 of that cost is reimbursed since the healthcare costs are fixed by the state
the prices are affordable with the standard visit to the doctor costing 28 dollars
however if you wish to see a specialist it will cost you about double that amount
8. slovenia it's not strange that slovenia made it to this list
in fact the slovenian city of lagiana has been listed as one of the top 10 cities to retire
in the world by many sources online many say that the living costs are so affordable
that a couple can enjoy a luxurious lifestyle with just fifteen hundred dollars a month
slovenia is a haven for the outdoorsy expats who like to unwind in nature considering that 60
of this country is forested it became the first in the world to be declared a green destination
slovenia is a solid alternative for everyone who desires to retire to the backdrop of the alps but
can't afford the french or swiss price tag there are many activities that you can participate in
including adventures at triglav national park among others 9. the czech republic if eastern
europe is calling the czech republic can offer a nice balance of affordability comfort and safety
the czech republic is considered an affordable destination for expats and even students
after 90 days have passed you'll need to register for a visa however proof of health insurance is a
requirement to apply for one its capital city prague is the most expensive in the country
yet it's still cheaper compared to some european cities real estate costs here range significantly
lower compared to western europe the monthly rent may cost about five hundred dollars to twelve
hundred and sixty dollars but this is for a small apartment when you're not home there's plenty to
enjoy especially if you're a history buff the czech republic is known as the castle capital
of the world all thanks to the prague castle that's been standing since the middle ages
in the czech republic you're bound to spot more monuments listed under the unesco cultural and
world heritage sites 10. ecuador personally one of the things to admire about ecuador is the variety
of places you can live you can have warm weather year round on the coast for a more temperate
climate in the andes if you do not wish for big city conveniences a small village life awaits
with everything in between while the natural beauty and the mix of spanish indigenous incan
culture is to be appreciated one of the favorite benefits of ecuador is the affordable lifestyle
there's something for everyone regardless of your budget you can own a beautiful home for less than
one hundred and fifty thousand dollars rentals are also reasonably priced with a two bedroom house
letting at five hundred dollars in downtown cuenca a couple can survive on 1650 to 1825
a month depending on location and lifestyle since the weather is favorable for farming
there's abundant food production all year round making prices at the local markets affordable
it's so affordable that some people joke of how difficult it is to carry more than 15
worth of fruits and vegetables aside from affordable living there are plenty of active expat
communities and many activities to get involved in keeping you busy and making new friends