Top 9 Best Countries for Retirement Quality

Spain: Sunshine and Superb Healthcare

Spain continues to attract retirees with its warm climate, affordable living, and world-class healthcare. In 2024, Spain ranked in the top 10 of the Global Retirement Index for its healthcare system, which is publicly funded and provides excellent care for residents.

The cost of living is about 20-30% lower than much of Western Europe, making it easier for retirees to stretch their savings. Popular cities like Valencia, Alicante, and Malaga offer vibrant expat communities and a relaxed Mediterranean lifestyle.

The Spanish government also offers a non-lucrative visa, making long-term residency accessible to retirees. According to the OECD, life expectancy in Spain is among the highest in Europe, at 84 years as of 2024.

Retirees report feeling safe and welcomed, surrounded by lively culture and delicious food.

Portugal: Europe’s Hidden Gem

Portugal has been named one of the safest and most affordable countries for retirees for several years running. In 2023 and 2024, the Annual Global Retirement Index placed Portugal in the top 5 for expat retirement thanks to its low crime rate, friendly locals, and sunny climate.

Healthcare is high-quality and costs are minimal, with many English-speaking doctors available in popular expat areas like the Algarve. The cost of living is 30-40% less than in the U.S., with one-bedroom apartments in Lisbon averaging just €900 per month.

Portugal’s Non-Habitual Resident (NHR) tax program, updated in 2024, continues to offer favorable tax rates for foreign retirees. Walking along cobbled streets or relaxing on the Atlantic coast, retirees enjoy a slower pace of life and vibrant cultural traditions.

Mexico: Affordable Living South of the Border

Mexico remains a top destination for North American retirees, with over 1.5 million foreign retirees living there as of 2024 according to Mexican immigration data. Cities like San Miguel de Allende, Puerto Vallarta, and Mérida offer established expat communities, affordable healthcare, and vibrant local culture.

Private health insurance averages around $1,500 annually, and out-of-pocket costs are much lower than in the U.S. The cost of living is up to 50% less than in major U.S.

cities, making it easy to live comfortably on a modest pension. In 2024, International Living rated Mexico highly for its ease of integration, mild climate, and variety of lifestyle options.

Retirees rave about the delicious cuisine, colorful markets, and the warmth of the Mexican people.

Italy: Cultural Riches and La Dolce Vita

Italy’s quality of life draws retirees from around the world, thanks to its art, cuisine, and scenic landscapes. The 2024 OECD Better Life Index ranked Italy high for health and life expectancy, with most residents living well into their 80s.

Healthcare is universal and largely free or low-cost for residents, and the Italian government introduced new incentives in 2023 to attract foreign retirees to rural villages—offering tax breaks and simplified residency procedures. Smaller towns in Tuscany, Umbria, and Sicily offer affordable housing, with monthly rents as low as €500.

Italy’s family-centric culture and abundant social activities help retirees feel connected and engaged. Sipping espresso at a sunny piazza or joining a local festival, retirees enjoy a fulfilling lifestyle steeped in tradition.

Costa Rica: Pura Vida and Natural Beauty

Costa Rica continues to shine in surveys of the world’s best retirement destinations, with its “pura vida” philosophy and lush landscapes. In 2024, the Happy Planet Index ranked Costa Rica as the happiest country in Central America, and its healthcare system is praised for quality and affordability.

The national healthcare program, Caja, is available to residents for an average monthly fee of $100-$150. The cost of living is moderate, with two people able to live comfortably on $2,500 a month in many locations.

Expats love the biodiversity, from rainforests to beaches, and the active outdoor lifestyle. Costa Rica’s Pensionado Visa, updated in 2023, allows retirees with steady pension income to obtain residency easily.

Retirees enjoy a welcoming atmosphere and a strong sense of community.

France: Charm, Cuisine, and Healthcare Excellence

France remains a dream retirement destination for those seeking culture, cuisine, and top-tier healthcare. In 2024, France’s healthcare system was again ranked among the world’s best by the World Health Organization, with comprehensive coverage and low out-of-pocket expenses.

Popular regions like Provence, Brittany, and the Dordogne offer scenic beauty and affordable properties, with rural homes available for under €150,000. The cost of living outside major cities is moderate, and public transport is excellent.

French culture encourages a focus on leisure, good food, and social connection—key ingredients for a happy retirement. The Long Stay Visa for retirees, streamlined in 2023, makes residency more accessible.

Retirees delight in morning markets, vineyard tours, and the country’s artistic heritage.

Thailand: Exotic Lifestyle at Low Cost

Thailand attracts retirees with its tropical climate, friendly locals, and exceptionally low cost of living. In 2024, the Global Retirement Index ranked Thailand as the top destination in Asia for affordability and healthcare.

Private hospitals in Bangkok and Chiang Mai offer high-quality care at a fraction of Western prices, with annual health insurance starting around $700. Rents for modern apartments in Chiang Mai average just $400 per month.

The country’s Retirement Visa, updated in 2023, allows foreigners over 50 to stay long-term with proof of sufficient income or savings. Street food, lively markets, and vibrant festivals mean there’s never a dull moment.

Retirees often describe Thailand as the perfect blend of adventure and comfort.

New Zealand: Breathtaking Scenery and Peace of Mind

New Zealand offers retirees a blend of natural beauty, safety, and high living standards. In 2024, the Mercer Quality of Living Survey ranked Auckland and Wellington among the world’s most livable cities, citing clean air, safety, and healthcare.

The public health system is subsidized, and private insurance is affordable, with annual premiums averaging $1,200. Retirees praise the friendly, welcoming locals and the laid-back pace of life.

Outdoor enthusiasts love exploring national parks, beaches, and mountains. New Zealand’s Parent Retirement Visa requires specific investment and income criteria, but the transparent immigration process is a draw.

Retirees enjoy a healthy, active lifestyle in a stunning environment.

Malaysia: Asia’s Best Value for Money

Malaysia stands out as one of the most affordable retirement destinations in Southeast Asia. In 2024, International Living ranked Malaysia highly for its low cost of living, with couples living comfortably on $1,800 a month in places like Penang or Kuala Lumpur.

The Malaysia My Second Home (MM2H) program, revamped in 2023, offers long-term residency to retirees with modest financial requirements. Private healthcare facilities are world-class and affordable, with English widely spoken by doctors and staff.

Modern infrastructure, diverse cuisine, and a welcoming expat community make settling in easy. Public transport is extensive, and the tropical climate means warm weather year-round.

Retirees appreciate Malaysia’s blend of tradition and modernity, as well as the sense of security and community.

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