Mexico

Mexico stands out as a favorite destination for retirees looking to stretch their savings. In 2025, the average monthly rent for a one-bedroom apartment in cities like Mérida or Oaxaca is around $350, while groceries, healthcare, and utilities can easily fit within a $1,200 monthly budget.

According to Numbeo’s 2024 cost of living index, everyday expenses in Mexico are about 60% lower than in the United States. Many expats praise the country’s accessible healthcare system, which is both affordable and of good quality.

Communities like Lake Chapala and San Miguel de Allende offer vibrant expat scenes and a welcoming atmosphere. Public transportation is cheap, and eating out at restaurants rarely breaks the bank.

Mexico’s diverse culture and warm climate make it easy to feel at home.

Portugal

Portugal remains one of Europe’s most affordable retirement havens, especially in smaller cities like Coimbra and Faro. As of 2024, retirees can rent an apartment for $400-$500 per month and enjoy a meal out for just $8.

The country’s public healthcare system is highly rated by expats and locals alike, as confirmed in International Living’s 2025 Annual Global Retirement Index. Utilities and transportation costs are modest, and fresh produce is both abundant and cheap.

Portugal’s mild climate, safe neighborhoods, and friendly locals create a relaxing environment for retirees. The country’s Golden Visa program also makes long-term residency straightforward.

Many find that $1,200 a month covers all essentials and even leaves room for the occasional treat.

Vietnam

Vietnam’s low cost of living continues to attract retirees from around the world. In 2025, the average rent for a modern apartment in cities like Da Nang or Nha Trang is just $250-$350 per month, based on Expatistan data.

Eating local food can cost as little as $2 per meal, and public healthcare is both accessible and very affordable. Monthly expenses for utilities, transportation, and entertainment rarely exceed $400, allowing retirees to live comfortably on $1,200.

Fast internet, vibrant street life, and welcoming communities add to the appeal. The country’s visa options have also improved, making long-term stays easier.

Vietnam’s stunning beaches and fascinating culture make every day feel like an adventure.

Colombia

Colombia has emerged as a top choice for budget-conscious retirees, particularly in cities like Medellín and Pereira. According to the 2025 Cost of Living Index, rent for a centrally-located apartment averages $400 a month, and groceries for one person can be under $150.

The country’s high-quality public and private healthcare systems are highly affordable, as noted by the World Health Organization. Public transport is reliable and cheap, and local markets offer fresh fruit and vegetables at a fraction of U.S.

prices. Colombia’s friendly atmosphere and spring-like climate year-round are huge draws.

Many expats report living comfortably on less than $1,200 a month, enjoying a vibrant urban lifestyle. The government also offers a retirement visa that is easy to obtain.

Ecuador

Ecuador offers retirees a blend of affordability and natural beauty, with cities like Cuenca and Loja leading the way. In 2024, renting a furnished apartment costs around $350 to $450 per month, according to International Living.

Utilities, transportation, and healthcare are all budget-friendly, with monthly medical insurance plans starting at $50. The country’s “Pensioner Visa” welcomes foreign retirees, and the U.S.

dollar is used as the official currency, making financial planning simple. Fresh produce at local markets is cheap, and eating out can cost less than $5 per meal.

The weather is mild, and expat communities provide plenty of social support. Ecuador’s government continues to invest in infrastructure, adding to its appeal.

Thailand

Thailand is famous for its dazzling beaches, rich culture, and incredibly affordable lifestyle. In 2025, monthly rent in Chiang Mai or Hua Hin averages $250-$400, with utilities and internet adding another $60.

According to the 2025 Expat Insider Survey, most retirees report spending just $200 on groceries and eating out per month. Healthcare is both high-quality and inexpensive, with many international-standard hospitals.

Getting around is easy with cheap public transport and ride-sharing apps. Thailand’s retirement visa is straightforward to obtain and renewed annually.

With friendly locals and a strong expat community, retirees find it easy to make new friends and enjoy life on a tight budget.

Bulgaria

Bulgaria is Europe’s hidden gem for affordable retirement, especially in towns like Plovdiv and Veliko Tarnovo. In 2024, rent for a one-bedroom apartment in the city center can be as low as $300, according to the Bulgarian National Statistical Institute.

Monthly groceries and utilities combined often total less than $250. Healthcare is subsidized by the government and remains inexpensive, even for private services.

Bulgaria’s beautiful countryside, rich history, and easy access to the rest of Europe are big selling points. The country’s residency requirements for retirees are straightforward and well-documented.

Many expats highlight the welcoming atmosphere and the opportunity to enjoy a European lifestyle on a modest income.

Philippines

The Philippines has long been a favorite for retirees thanks to its low cost of living and English-speaking population. In 2025, rent for a modern apartment in cities like Cebu or Dumaguete averages $250-$350, with utilities rarely exceeding $100 monthly, as per Numbeo data.

Fresh food and local transportation are both cheap, and healthcare is accessible and affordable. The Special Resident Retiree’s Visa (SRRV) makes it easy to stay long-term.

With over 7,000 islands, retirees can choose between city living and tranquil beachfront towns. Warm weather and friendly locals make it easy to feel at home, and there’s a large, supportive expat community.

Georgia

Georgia, the country nestled at the crossroads of Europe and Asia, is gaining attention for its affordability and unique culture. In 2025, the average rent for a city-center apartment in Tbilisi is about $300, according to the latest Tbilisi Real Estate Market Report.

Groceries and utilities together typically cost under $200 per month. Healthcare is high-quality and low-cost, with many doctors speaking English.

Georgia’s visa policy allows most nationalities to stay for a year visa-free, making it hassle-free for retirees. The country’s diverse natural scenery, from mountains to beaches, offers plenty of adventures.

Local markets, vibrant city life, and a welcoming attitude toward foreigners round out the appeal.

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