These Are the Best Cities Around the World to Retire for $1,500 or Less a Month (2024)

FAQs

These Are the Best Cities Around the World to Retire for $1,500 or Less a Month? ›

Now, a new survey by International Living listed 13 global destinations where entertainment, housing, healthcare, and food come with a much lower price tag than in the U.S., so retirees can live comfortably on $1,500 per month. Mexico is the undisputed winner, with three cities on the list — the most of any country.

Now, a new survey by International Living listed 13 global destinations where entertainment, housing, healthcare, and food come with a much lower price tag than in the U.S., so retirees can live comfortably on $1,500 per month. Mexico is the undisputed winner, with three cities on the list — the most of any country.

A couple coming from North America can probably survive on US$1,000 per month (assuming you have your own home). However, US$1,500 would be more reasonable. Compared to the USA, the cost of living in Belize is at least 50% cheaper according to testimonials from my ex-pats friends and clients who have moved to Belize.

The winner is Argentina, where seniors can apply for citizenship only after two years of residency. “Argentina's Pensionado visa offers one of the easiest routes for retirees to gain citizenship in this country.

Top locations to consider in Vietnam include Da Nang, Phu Quoc, Ho Chi Minh City, Hanoi, Hoi an, and Nha Trang. Wherever you decide to live in Vietnam, your cost of living can be around $600 to $800 per month. But depending on your rent and lifestyle, it could go up to around $1,100, $1,200, or even $1,300 per month.

If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them. However, there are certain countries to which we are not allowed to send payments.

Where can I retire on $800 a month? ›

Cuenca, Ecuador

Ecuador's retirement visa, requiring proof of stable income, makes settling in Cuenca an attractive option. With monthly living expenses ranging from $800 to $1,200, Cuenca stands out for its affordability without sacrificing quality of life.

“A common guideline is to replace 80% of your pre-retirement income,” suggests Jose V. Sanchez, CFP^® and financial advisor. “Take this amount and multiply it by 25 for a ballpark figure of how much you need to save.”

Costa Rica is the best country to retire in the world 2024, according to a new study from International Living.

If you are a resident of a country that has a U.S. social security agreement, (other than Austria, Belgium, Denmark, Germany, Sweden, or Switzerland), we will continue your U.S. Social Security payments.

According to various studies, including International Living, Portugal is ranked as the best country for US expats to retire to. Its friendly population, welcoming community of American expats, excellent weather, quality healthcare system, and affordable cost of living are all big draws for American retirees.