12 Cheapest And Safest Countries To Retire

If you’re looking to retire in a place with an affordable cost of living and a secure environment, these twelve countries can provide that perfect combination. Each one of them will ensure that you live like a queen or king. Visit them and see which of them catches your eye!

1. Malaysia

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The Average Monthly Rent is $396.59 Average Monthly Rent: $396.59 Cost of Living Index: is 39.38
There is a Cost of Living Index of New York City is 100. If a country is ranked at 60 on the index, that signifies that the goods and services available to consumers are 40% cheaper than those N.Y.C.
Global Peace Index: 16/163
The index ranks 163 countries by their peacefulness. The lower the score lowers, the more secure the nation is.

Malaysia and its tourism slogan “Truly Asia,” is widely regarded as one of the jewels of Southeast Asia. It is home to exotic beaches, unique architecture, as well as some of the finest geophysical features to discover. English is regarded as the “unofficial primary language” in Malaysia which means that you don’t need to learn a second language if you don’t intend to. Foreigners also have the option of getting the chance to visit Malaysia for 10 years via the Malaysia My Second Home program.

2. Portugal

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Amount of Monthly Rent$817.64
Cost of Living Index:50.39
Global Peace Index: 3/163

Portugal is ranked 3rd in the Global Peace Index, making it among the safest countries around the globe. Additionally, its sandy beaches and mild climate along with the world-renowned port wine will give you an enjoyable lifestyle in your old age. Additionally, a couple could be content living here for only a one-month salary of $1500. If you want to retire in Portugal it is necessary to apply for a local consular official to obtain a Type 1 permit by submitting evidence of your financial capability and an identity check.

3. Czech Republic

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The Average Monthly Rental:$627.77
Cost of Living Index:45.12
Global Peace Index:11/163

The Czech Republic is known as the capital of castles in the world. It is home to nearly 2,000 castles spread across the country which includes Prague Castle, the largest castle built in medieval times in Europe. There are as well 20 romantic UNESCO places to explore. Although permanent residence is typically reserved for those who were Czech citizens or to fulfill humanitarian needs, however, you can apply for a long-term visa.

4. Chile

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Monthly Average Rent:$585.25
Cost of Living Index:59,25
Global Peace Index:27/163

Many retirees around the globe are choosing to call Chile their home due to its good standard of living and affordable cost of living, beautiful scenery, and friendly locals. For around $1000 a month it’s possible to pay for your housing and essential costs anywhere in the country. You can spend a bit more and you’ll be able to travel to the fullest. If you want to retire to Chile require an ordinary tourist visa, and later change it into a retirement visa.

5. Sri Lanka

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Amount of Monthly Rent$300.95
Cost of Living Index:30.24
Global Peace Index:72/163

If you’re on a budget and want to enjoy the life of the king of England, then Sri Lanka is an ideal option. Living expenses lower than a third of the cost of New York makes Sri Lanka one of the most affordable places where you can retire. Additionally, it offers an averagely warm climate all year, an array of delicious cuisines, as well as high-quality medical facilities, and stunning views of the sea. For those 55 years old and over, the country has the possibility of a two-year renewal visa known as the “My Dream Home” visa, which is based on a deposit of $15,000 and a monthly salary that is at or above $1,500.

6. Uruguay

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Amount of Monthly Rent$572.40
Cost of Living Index:57.31
Global Peace Index:28/163

If you’re looking to retire close to the beach, Uruguay is a good option due to its amazing coastline and lower costs of living. Couples who are retired can live an enjoyable life in Uruguay for less than $2000 per month. The other outstanding aspects of Uruguay include a pleasant climate, a vibrant lifestyle, an excellent health system, and much more. To obtain a visa for permanent residence it is necessary to submit a written request to a consular office in the country.

7. Costa Rica

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Amount of Monthly Rent$660.15
Cost of Living Index:50.89
Global Peace Index:33/163

Costa Rica is famous for its tropical weather and stunning natural beauty. Living in luxury here can be as low as $1500 a month since food, rent, and entertainment are significantly less as compared to America. In addition, the stability of the government, the sound health system, and the friendly locals make Costa Rica a good option for retiring. If you can prove that you have earned a steady more than $1,000 per month for three years then you could be granted the right to permanent residence within Costa Rica.

8. Spain

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Amount of Monthly Rent$849.22
Cost of Living Index:54.70
Global Peace Index:32/163

Spain is an ex-pat retirees’ dream with more than 3,000 miles of sunshine beaches, a reasonable price of living, a world-class healthcare system, mild weather, and welcoming communities. If you’re not at the beach or sipping wine, the country’s 45 UNESCO World Heritage Sites are enough to keep you entertained. If you can prove that you earn an annual salary exceeding $28,308, you’ll likely be granted a Spain residency visa for retired people.

9. Latvia

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Amount of Monthly Rent$481.81
Cost of Living Index:49.23
Global Peace Index:35/163

Latvia is among the most affordable retirement destinations in Europe with average living expenses lower than half that of New York. The country is home to stunning beaches and the largest waterfall in Europe as well as other natural and artificial tourist attractions. It is necessary to contact the Latvian Embassy or Consulate to be admitted as a resident of Latvia.

10. Ecuador

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Amount of Monthly Rent$480.80
Cost of Living Index:41.98
Global Peace Index:71/163

For many years, Ecuador has been one of the most sought-after locations for American retirees. With an extremely affordable price of living generous benefits to retirees, easy public transportation, and numerous culture, Ecuador just seems too amazing to be real. Furthermore is that in Ecuador the currency of choice will be the U.S. dollar, which will save you the hassle of changing currency and reducing the cost of living. If you want to obtain a visa for Ecuador, make contact with the office of the country’s Migration Support Service offices or request an application on the official website.

11. Panama

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AMT:$1,089.64
Cost of Living Index:51.45
Global Peace Index:47/163

In Central America, Panama is one of the top locations to go for Americans who want to take a break. The Panamanian government has several attractive programs to draw retirees from other nations. In particular, retired people may get 50 percent off entertainment, 25 percent off meals at restaurants and 25% off flights and more. The only requirement is that you have a retired visa card which proves that one has an established pension that is at minimum $1000 per month.

12. Australia

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The Average Monthly Rent is$1,358.34
Cost of Living Index:72.08
Global Peace Index:13/163

Expats can experience the amazing nature, vibrant cities, and laid-back lifestyle in the nation. Animal lovers can embark on tours sightseeing to see Kangaroos as well as other native animals, such as wombats. The local government provides excellent information on how foreigners can gain permanent residence in Australia.

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