Get to know the author
Whether you’re a typical nine-to-fiver or a member of the Financial Independence, Retire Early (FIRE) movement, many Americans are curious about the best countries to retire outside the US.
For some, the idea occurs to them while on vacation. Maybe you’re sitting on a terraza in Seville, enjoying tapas and tinto de verano. As you soak up the sun, listening to the contented Spanish chatter, something feels like it clicks into place — and you wonder, “Could I retire in Spain?”
It’s not an uncommon thought. More and more, Americans are looking at retirement overseas as a long-term investment in their quality of life. And even if it might feel like a pipe dream, retiring abroad is far from out of reach for most Americans. Retirement destinations around the world with a warm climate and affordable medical care are accessible for a range of monthly incomes.
Of course, researching where to retire outside the USA leaves you with a lot of options, making the question of where to go a broad (but exciting!) topic to explore. So to help you out, we’ve curated a list of the 14 best places to retire outside the US.
Here’s a quick rundown of the best places to retire outside the US:
How we evaluated countries to retire overseas
To come up with our list of the best places to retire overseas as an American, we looked at different criteria like:
- Cost of living
- Healthcare
- Safety
- Retirement visa requirements
- Local culture
- Retired expat community
Bearing in mind that dream destinations are largely subjective, we’ve ordered the following list randomly. Let’s dive in!
The Roundup: 14 Best Places to Retire
Costa Rica
Costa Rica has long been one of the most popular places to retire for US retirees. Its landscapes include islands, volcanos, jungles, and forests, making this Central American country home to some of the most beautiful vistas on Earth.
Costa Rica is also known for its “Pura Vida” mentality, which encourages a more laid-back approach to life.
💰Cost of living
Depending on your lifestyle, retired couples can comfortably live on between $2,000 to $3,000 per month in Costa Rica.1 Note that high taxes on imported items can make some goods more expensive than in the United States.
🏥 Healthcare
The World Healthcare Organization (WHO) ranks Costa Rica’s healthcare system as the 36th best in the world, above the United States.2 Residents can pay around 7% to 11% of their monthly income to Costa Rica’s universal healthcare program3 or go to private clinics.
🚨 Safety
The 2023 Global Peace Index ranks Costa Rica as the 39th safest country out of 163 nations.4 While there’s little to fear, retirees must use common sense in Costa Rica (i.e. keeping a close eye on their belongings).
🗺️ Retirement visa requirements
There’s no minimum age required to qualify for the retirement visa. Expats that want to retire outside the US in Costa Rica must have a monthly pension income of at least $1,000 USD per month.5
👋 Local culture
Costa Rica is a diverse, welcoming country. While the culture is largely influenced by its Spanish and indigenous roots, there are significant Afro-Caribbean and Asian populations as well. Some of their most popular dishes include gallo pinto (rice and beans) and patacones (unripened plantains that have been smashed and fried). Costa Rica is well known for its biodiversity, beaches, and excellent coffee.
🌍 Retired expat community
While retired expats can be found all throughout Costa Rica, some of the most popular hubs include the modern capital of San José and its suburbs, such as Alajuela, Escazu, and Heredia; Tamarindo, a beach town along the Pacific coast known as an expat hotspot; Atenas, a small, quaint town in a mountain valley; and Puerto Viejo, a vibrant beach town on the Caribbean Coast.
Portugal
Portugal is a country in Southwestern Europe with a roughly 42% lower cost of living as compared with the US.6
The country is known for its gorgeous landscapes including beaches, cliffs, mountains, valleys, and plains. In recent years, expats have flocked there to enjoy Portugal’s beaches and mild climate. And while it might be a small country geographically speaking, Portugal remains the 11th-biggest wine producer in the world.7
💰 Cost of living
Compared to other countries in Western Europe, such as Switzerland and Germany, Portugal is quite affordable for Americans looking to retire outside the US. You can live comfortably in Portugal with a monthly pension income of $1,500-$1,700 in smaller cities or about $2,200 in urban areas.8
🏥 Healthcare
Portugal offers universal healthcare to all its residents. You may have to pay a fee when visiting your family doctor or an emergency room, but the cost typically never surpasses more than 20 euros.9
🚨 Safety
Portugal is a very safe country. According to the 2023 Global Peace Index, the country ranks as the seventh most peaceful country in the world.10
🗺️ Retirement visa requirements
In order to qualify for Portugal’s retirement visa, you must be at least 18 years of age, earn at least 760€ (about $840 USD) in passive income per month, purchase temporary health insurance, and have a clean criminal record.
After applying for and receiving your visa, it will initially be valid for one year. You can renew it twice for two years each up to five years total, at which point you can apply for permanent residency (assuming you meet all of the other requirements).11
Permanent residency can also be obtained through Portugal’s Golden Visa program. To qualify for the program, you’ll need to be 18 years of age or older with a clean criminal record and:
- Invest €500,000 in Portuguese funds (cannot be real estate), OR
- Invest €500,000 in scientific or technological research, OR
- Invest at least €500,000 in an existing company that will create 5 jobs, OR
- Create a company that creates 10 jobs, OR
- Donate €250,000 to Portuguese arts/national heritage/culture12
👋 Local culture
Portugal has a rich culture, from their world-renowned Port and Madeira wines to their azulejo tile art, fado music, folk dances, Romanesque and Gothic architecture, and delicious cuisine (which includes custard tarts, cod fritters, and piri-piri chicken). One of the most festive times of the year in Portugal is June when the Festas dos Santos Populares — a series of festivals held in June to honor a variety of saints — are in full swing with parades, live music, fireworks, and more.
🌍 Retired expat community
One of the most popular destinations for retired expats in Portugal is the Algarve, a region in the south of Portugal filled with beaches, golf courses, and stunning coastal cliffs. It may come as no surprise to hear, then, that the Algarve is filled with retirement communities. Retired expats who prefer the hustle and bustle of the city, meanwhile, tend to move to Porto or Lisbon, which both boast beaches, incredible dining, and plenty of culture. And the island of Madeira makes a lovely retirement locale for those who love wine, hiking, and subtropical climates.
Malta
Malta is a tiny southern Mediterranean country that offers US expat retirees clear blue waters, warm weather, and sun year-round.
The country consists of five different islands, though only two of them are inhabited. Visitors and residents alike can enjoy some of the oldest temples in the world, such as the Megalithic Temples of Malta.
Various civilizations such as the Arabs, Romans, and Phoenicians made their mark on Malta contributing to a diverse and vibrant culture. And since Malta was part of the British Empire for 150 years, the Maltese widely speak English.
💰Cost of living
On average, the cost of living in Malta is about 27.5% lower than in the United States.13 Americans should expect a budget of around $2,500 – $3,000 to live comfortably.14
🏥 Healthcare
According to the World Health Organization (WHO), Malta has the fifth-best healthcare system in the world.15 Residents can choose between Malta’s free public system or pay private care insurance.
🚨 Safety
Malta is one of the safest countries in the EU, but retirees should still watch out for petty crimes such as pickpocketing.
🗺️ Retirement visa requirements
To qualify for the Malta Retirement Program, you must:16
- Be at least 55 years old (if born on or after January 1, 1962; those born before may be as young as 61)
- Not be actively employed
- Earn at least €12,700 (~$14,027 USD) per year, 75% or more of which must be from a pension or pensions
- Own a property in Malta worth at least €275,000 (or €220,000 in Gozo or the south of Malta), OR
- Rent a property in Malta for at least €9,600 per year (or €8,750 per year in Gozo or the south of Malta)
👋 Local culture
Malta is a traditional, religious country — 98% of the country identifies as Catholic17— whose culture contains Southern European, North African, and British influence. The country is known for its hospitality, Mediterranean lifestyle, ancient ruins and Medieval castles, Għana folk music, and traditional lacemaking.
🌍 Retired expat community
Some of the largest retired expat communities in Malta include the historic capital city of Valletta, the nearby seaside towns of St. Julian’s and Silema, and the Northern beach towns of Mellieha and St. Paul’s Bay.
Mexico
With its proximity to the US border, Mexico is a go-to destination for expats looking to retire outside the US.18 It’s an ideal place for folks who want to spend their golden years in a country with warm weather, welcoming people, and incredible food — all at an affordable cost.
💰Cost of living
Mexico’s cost of living is nearly half that of the US.19 Expat couples can expect to live comfortably with a budget of $1,500-$3,500 USD per month20 — sometimes even less, depending on their lifestyle and where they live.
🏥 Healthcare
US retirees have access to Mexico’s public-funded healthcare system. Retirees can also pay for private insurance plans, which tend to cost around $1,700 USD per year with a roughly $5,000 USD deductible.21
🚨 Safety
Mexico does have a higher crime rate overall — some of which can be traced back to gang violence between cartels — but certain areas are more dangerous than others. The US State Department recommends against going to the states of Colima, Guerrero, Michoacan, Sinaloa, Tamaulipas, and Zacatecas. Many of the areas popular with expats and tourists, however, are safe, and require just a bit more caution. Some safety rules to keep in mind while in Mexico include:
- Avoid dangerous highways
- Don’t purchase drugs illegally
- Avoid dressing in a flashy or extravagant manner
- Follow all local laws
- Exercise increased caution at night or alone, and do not go outside in the evening in certain areas of the country. A good rule of thumb here is to mirror the locals – if they’re not out, you shouldn’t be, either.
🗺️ Retirement visa requirements
The most popular visa option for US expats hoping to retire in Mexico is the Temporary or Permanent Residence Card. To qualify for the program, you must be able to prove a monthly income of about $3,275 USD per month for Temporary Residency or about $5,459 USD per month for Permanent Residency.22
👋 Local culture
Mexico’s culture is storied and colorful, with Spanish and indigenous influences in equal parts. Mexico is known for its friendly, hospitable people; beautiful folk art, from pottery to blown glass to decorative skulls; delicious cuisine, from tacos to pozole to mole; alcohol like tequila and mezcal; ancient Mayan and Aztec ruins; and naturally beautiful landscapes, from beaches to the jungle to natural sinkholes (cenotes) and more.
🌍 Retired expat community
Some of the hottest destinations for retired expats in Mexico include Ajijic, Lake Chapala, a heavily expat-populated town known for its festivals, mild year-round weather, and mountain views; the resort town of Puerto Vallarta, famous for its beaches, artistic scene, and outdoor recreation opportunities; and San Miguel de Allende, a charming colonial town with a temperate climate, and cultural bona fides.
Ecuador
If you’re looking for a country where you can retire outside the US comfortably for under $1500 per month, Ecuador might be for you. (As a bonus, Ecuador is also one of the most ecologically diverse places in the world.)
The go-to city for US retirees in Ecuador is Cuenca, which also happens to be a UNESCO World Heritage site. Ecuador uses the dollar, so US retirees won’t have to worry about foreign exchange rates.
💰Cost of living
Living in Ecuador is about 65% less expensive than in the US23 — just $1,500 per month should be enough for retired couples to live comfortably.24
🏥 Healthcare
All residents of Ecuador have access to Ecuador’s universal healthcare system. Bloomberg ranks Ecuador as having the 20th most efficient healthcare system in the world,25 above the US.
🚨 Safety
Crime rates are relatively high in Ecuador, though again, it’s more concentrated in some areas than others. The US State Department recommends against traveling to the cities of Guayaquil, Huaquillas, Arenillas, Quevedo, Quinsaloma, Pueblo Viejo, and much of the province of Esmeraldas. Certain parts of the capital city, Quito, and the area bordering Colombia should be avoided as well. No matter where in the country you go, it’s important to watch your belongings, store important documents in secure places, avoid walking around alone at night, etc.
🗺️ Retirement visa requirements
To qualify for Ecuador’s retirement visa, you must have proof of a monthly income of at least $1350, a clean criminal record, and health insurance.26
👋 Local culture
Ecuador is another multi-cultural country, with Spanish, indigenous, and African heritage. With landscapes ranging from beaches to jungles, islands, mountains, volcanoes, and plains, Ecuador is among the most biodiverse countries in the world. While Spanish is the predominant language, many indigenous Ecuadorians speak Quechua. The country is known for music like pasillo, marimbo, and bomba; dishes like bolon de verde, ceviche, and cuy asado; and folk art like basketwork, tapestries, and woven hats.
🌍 Retired expat community
As previously mentioned, the quaint colonial town of Cuenca is popular with retirees, as well as the more cosmopolitan capital city of Quito (particularly expat hotspots like La Carolina, La Floresta, and La Paz). There’s also Salinas, a beach town sometimes referred to as “Little Miami.” Those into the homesteading lifestyle, meanwhile, swear by Vilcabamba.
Uruguay
Uruguay is another South American country that provides an affordable cost of living, a warm climate, a stable economy, beautiful beaches, and low taxes.
💰Cost of living
While Uruguay is more expensive than other South American countries, it remains affordable for US expats and retirees. Residents of Uruguay should expect to spend around $3,000 USD to live comfortably in the country.27
🏥 Healthcare
Uruguay provides all residents access to its universal healthcare system. Uruguay also has its own private health plan— Mutualista — that costs around $100 USD per month.28
🚨 Safety
Uruguay is the safest place in South America. According to the 2023 Global Peace Index, the country is the 50th safest place in a list of 163 nations, making it an excellent choice to retire outside the US.29
🗺️ Retirement visa requirements
To qualify for Uruguay’s Pensioner Visa (Pensionado Visa), you need proof of a monthly income of at least $1,500 USD and a clean criminal record.30
👋 Local culture
Uruguay is a stable and progressive country with a largely European influence (particularly Spanish, Portuguese, and Italian). The country is much more secular than other countries in South America, with 40% of the population claiming no religious affiliation.31 Uruguay is home to the second-largest Carnival celebration in the world, as well as a diverse range of music (such as candombe, milonga, and murga) and high-quality beef.
🌍 Retired expat community
The bustling, diverse, and culturally-rich capital city of Montevideo is one of the most popular places for expats to retire, along with the luxury seaside town of Punta del Este, the slow-paced beach town of La Paloma, and the middle-class resort town of Atlantida.
Learn More: Uruguay Retirement Visa – Eligibility and Requirements
Belize
Belize may not have as much hype as other countries in Central America like Mexico or Costa Rica, but it’s still well worth your attention. This small country — roughly the size of Massachusetts — offers beaches, rainforests, and ancient ruins just as stunning as anywhere else you’ll find.
💰Cost of living
Belize is one of the more affordable countries to live in, with many people able to live comfortably on around $1,700 per month.32
🏥 Healthcare
Belize offers low-cost healthcare in their public hospitals and clinics, but because they are often understaffed and under-funded, many expats opt for either private providers in Belize or plans that offer international coverage (e.g. Cigna Global, Bupa, IMG), which tend to cost an average of $5,000 USD per year.33 Because Belize is such a small country, expats often head north to Mexico or the States for major treatments and operations.
🚨 Safety
Belize is one of the safer countries in Central America, with the crime rate concentrated mainly in Belize City — the US State Department recommends avoiding the southside of the city. It’s worth exercising caution in the country (staying aware of your surroundings, being extra vigilant when withdrawing money from a bank or ATM, traveling during the daytime, etc.), and many expats get along just fine.
🗺️ Retirement visa requirements
To apply for Belize’s Qualified Retirement Plan, you must be at least 45 years of age (although that will soon be bumped down to 40). You must also earn enough to deposit at least $2,000 per month (or $24,000 annually) in a local bank, have a clean criminal record, and stay in Belize for at least 30 days straight each year.34
👋 Local culture
Belize is a diverse country with multiple ethnic groups due to the country’s Mayan, Spanish, and Afro-Caribbean roots. English, Spanish, and Belizean Creole are all widely spoken. Their food reflects this diversity as well, with typical dishes including Caribbean rice and beans and Mayan chimole, as does their music, which includes the calypso-infused brukdown, Garifuna-influenced punta rock, and Latin-inspired reggaetón.
🌍 Retired expat community
The biggest expat community in Belize is undoubtedly Ambergris Caye, an island popularized by Madonna as “La Isla Bonita” that’s one and a half hours away from Belize City by ferry or 15 minutes by plane. While it is a bit pricy, it offers world-famous beaches, snorkeling, and delicious seafood. Another popular island destination for expats is Caye Caulkner, which is a bit more laid-back and boasts car-free roads. Other popular locations include the Northern Corozal District, the peninsula of Placencia, and Belize City.
Colombia
Colombia has emerged as an increasingly attractive retirement destination for US Americans in recent years. The country’s diverse landscapes encompass everything from lush rainforests to stunning beaches and the majestic Andes Mountains.
💰Cost of living
Colombia offers a relatively affordable cost of living, making it appealing for retirees looking to stretch their retirement savings. In cities like Medellin, a retired couple can comfortably live on a budget of approximately $1,500 to $2,500 per month.35 The official currency is the Colombian Peso (COP).
🏥 Healthcare
Colombia has made significant strides in improving its healthcare system, and many urban areas boast modern medical facilities with highly trained professionals. The healthcare system is called the “Sistema General de Seguridad Social en Salud” (General System of Social Security in Health). Additionally, it’s well-reputed for its ease and accessibility, often making international lists of the best healthcare systems in the world.36
🚨 Safety
Colombia has made remarkable progress in terms of safety. Major cities like Medellin have undergone significant transformations, shedding their turbulent pasts. However, it’s still advisable for retirees to exercise caution and stay informed about the local situation, especially in certain remote regions. Urban areas popular among expats, like Medellin and Cartagena, are generally considered safe for retirees.
🗺️ Retirement visa requirements
Colombia offers several visa options for retirees. One of the most popular is the Pension Visa, which requires a minimum monthly income of approximately $2,000 from a pension or retirement account. Additionally, applicants must provide proof of a stable income source for the last six months, among other standard visa requirements.
👋 Local culture
Colombia is renowned for its vibrant and diverse culture. Music and dance, particularly salsa, play an integral role in the lives of Colombians. In Medellin, you’ll find numerous salsa clubs where you can experience the country’s passionate dance culture. Nature lovers will be thrilled to explore Colombia’s lush landscapes, from the Coffee Triangle’s picturesque plantations to the breathtaking Cocora Valley and the idyllic Caribbean coast.
🌍 Retired expat community
Medellin stands out as one of the most popular retirement destinations in Colombia. The city’s pleasant climate, cultural scene, and cost-effectiveness have drawn a sizable expat community. The neighborhoods of El Poblado and Laureles are particularly popular among retirees for their amenities, safety, and accessibility to essential services. Other cities like Cartagena and Santa Marta also attract retirees seeking a coastal lifestyle and a taste of history and culture.
By combining these factors, Colombia presents itself as a dynamic and attractive option for US-Americans looking to retire abroad, providing a fulfilling and enriching experience in a country full of natural beauty and warm hospitality.
Greece
Greece, with its stunning Mediterranean coastline, ancient history, and warm climate, has been capturing the hearts of retirees seeking a relaxed and culturally rich retirement destination.
💰Cost of living
The cost of living in Greece can vary depending on the location, with urban areas generally being more expensive than rural regions. On average, a retired couple can comfortably live on a monthly budget of approximately €1,500 to €2,500.37 While the euro (€) is the official currency, it’s worth noting that Greece has experienced economic fluctuations in recent years, impacting the overall cost of living.
🏥 Healthcare
Greece has a public healthcare system known as the National Healthcare System (ESY). Expats can access public healthcare services by obtaining a social security number and presenting their European Health Insurance Card (EHIC) or private health insurance. While the public healthcare system is generally of good quality, some retirees opt for private health insurance to access a broader range of medical facilities and English-speaking healthcare professionals.
🚨 Safety
Greece is considered a relatively safe country for retirees. Major tourist destinations and urban areas like Athens and Thessaloniki have a visible police presence and are generally safe for travelers and expats. However, as with any destination, it’s essential to remain vigilant and be cautious about pickpocketing in crowded tourist areas.
🗺️ Retirement visa requirements
Greece does not have a specific retirement visa program.
However, a popular option for non-EU retirees is the “Financially Independent Person Permit,” which is issued for two years and is renewable.38 To apply, retirees need to demonstrate sufficient financial means to support themselves during their stay in Greece, along with proof of health insurance coverage.
Certain retirees may also qualify for the Golden Visa, an exceptional category of visa for those able to make a substantial real estate investment in Greece.39
👋 Local culture
Greek culture is renowned for its warmth, hospitality, and emphasis on family bonds. Locals often extend a warm welcome to retirees and expats, making it easier for newcomers to assimilate into the community. The Mediterranean diet, which is an integral part of Greek culture, is known for its health benefits, especially for older individuals. The diet, rich in olive oil, fresh vegetables, fruits, and fish, has been linked to improved longevity and overall well-being.
🌍 Retired expat community
Greece has several cities and islands that are popular among expat retirees. Athens, the capital, offers a vibrant cultural scene, historical landmarks, and a range of amenities. For those seeking a more laid-back island lifestyle, places like Crete, Corfu, and Rhodes are popular choices. The town of Chania in Crete, in particular, stands out for its expat-friendly community and stunning coastal setting.
Greece’s picturesque landscapes, ancient history, and welcoming culture make it an enticing retirement destination. Whether retirees choose to immerse themselves in the bustling city life of Athens or opt for the tranquility of a Greek island, Greece offers a fulfilling retirement experience in the heart of the Mediterranean.
The Philippines
The Philippines has been gaining popularity as a retirement destination. The country offers a tropical paradise with a welcoming and affordable environment for retirees. With its diverse culture, stunning landscapes, and expat-friendly communities, the Philippines presents an excellent option for US retirees seeking an enriching and enjoyable place to retire abroad.
💰Cost of living
The cost of living in the Philippines is notably lower than in the United States, making it an attractive option for retirees seeking an affordable retirement. According to International Living’s 2021 report, a retired couple can live comfortably on a budget of around $1,200 to $2,000 per month, depending on the chosen location. Rent, food, and transportation costs are generally more budget-friendly, allowing retirees to make the most of their retirement savings.
🏥 Healthcare
The healthcare system in the Philippines has been improving steadily in recent years. Major cities like Manila and Cebu have modern medical facilities with well-trained doctors and healthcare professionals. However, access to quality healthcare may vary in rural or remote areas. International Living’s 2021 report indicates that private healthcare is affordable and popular among expats, offering more personalized services and English-speaking staff.
🚨 Safety
The safety situation in the Philippines is a mix of positives and negatives.
While many areas, especially popular tourist destinations, are generally safe, there are also regions with higher crime rates and occasional political unrest.
Retirees are advised to exercise caution, stay informed about local developments, and avoid areas with travel advisories.
Generally, popular expat areas like Cebu City and Dumaguete are considered safe and welcoming for retirees.
🗺️ Retirement visa requirements
The Philippines offers a special retirement visa program called the Special Resident Retiree’s Visa (SRRV). The SRRV is designed to make retirement in the Philippines more accessible for foreign nationals.
To qualify, applicants must be at least 35 years old, show proof of a pension or retirement income, and make a deposit in an authorized bank account or purchase a condominium in the country. The SRRV provides retirees with long-term stay options and various benefits, such as multiple-entry privileges and exemption from exit clearances.
👋 Local culture
Filipinos are known for being warm and friendly, making it easy for US expats to integrate. Retirees will typically find themselves welcomed into the local communities. The Philippines is a culturally diverse country, and each region has its traditions, festivals, and culinary specialties to explore and enjoy.
🌍 Retired expat community
The Philippines has a growing expat community, particularly in areas that are popular among retirees. Cities like Manila, Cebu City, and Dumaguete have significant expat populations. Dumaguete, in particular, has earned a reputation as a retiree-friendly destination, with its laid-back atmosphere, affordable living costs, and proximity to beautiful beaches and natural attractions.
Thailand
Thailand offers retirees a unique and enriching experience with its captivating culture, natural beauty, and friendly locals. The country’s affordable cost of living, excellent healthcare, and diverse expat community make it an ideal retirement destination for US retirees looking to embrace a fulfilling and enjoyable place to retire abroad.
💰 Cost of living
The cost of living in Thailand is generally lower compared to the United States, making it an appealing choice for retirees looking to make the most of their retirement income.
Generally, a retired couple can live comfortably on a monthly budget of around $1,500 to $2,500, depending on the chosen location.40
Housing, food, transportation, and healthcare costs are relatively affordable, allowing retirees to enjoy a high quality of life on a modest budget.
🏥 Healthcare
Thailand is renowned for its excellent healthcare system, which attracts retirees seeking quality medical services.
Major cities like Bangkok, Chiang Mai, and Phuket have modern hospitals and medical facilities equipped with state-of-the-art technology and well-trained medical professionals.
The private healthcare sector, in particular, is highly regarded for its efficiency and accessibility to expats, with many doctors and staff speaking English fluently.
🚨 Safety
Thailand is generally considered a safe country for retirees. While petty theft and scams can occur in popular tourist areas, serious crime is relatively low, and violence is rare.
As with any destination, retirees should exercise common sense and remain vigilant, especially in crowded places. Expats in Thailand often feel welcomed and appreciated by the local community, enhancing their sense of safety and belonging.
🗺️ Retirement visa requirements
Thailand offers a retirement visa, also known as the Non-Immigrant O-A Visa. To qualify, applicants must be at least 50 years old and meet certain financial requirements, such as showing proof of sufficient funds in a Thai bank account or demonstrating a certain level of monthly income. The visa allows retirees to stay in Thailand for an extended period and can be renewed annually.
👋 Local culture
Thai culture is characterized by its warmth, respect for tradition, and a strong emphasis on family and community. The Thai people are known for their friendly and hospitable nature, and the country is often referred to as the “Land of Smiles.”
Retirees will find themselves welcomed into the local culture with open arms, making it easier to immerse themselves in the Thai way of life. Exploring Thai temples, participating in local festivals, and savoring the diverse cuisine are all ways to experience the richness of Thai culture.
🌍 Retired expat community
Thailand has a thriving expat community, especially in popular retirement destinations like Chiang Mai, Bangkok, Phuket, and Hua Hin.
Chiang Mai, in particular, stands out as a favorite among retirees for its pleasant climate, low cost of living, and vibrant cultural scene. The city’s welcoming atmosphere and numerous social activities make it easy for expats to connect and build a sense of community.
Italy
Italy has enchanted people worldwide with its timeless charm, rich history, delectable cuisine, and picturesque landscapes, making it one of the most ideal places to retire overseas. Whether exploring ancient ruins, savoring authentic Italian cuisine, or simply basking in the Mediterranean lifestyle, Italy offers retirees an enchanting and fulfilling retirement experience in the heart of Europe.
💰 Cost of living
Italy’s cost of living varies depending on the region. Major cities like Rome, Milan, and Florence are generally more expensive than rural areas. Generally, a retired couple can live comfortably on a monthly budget of around €1,500 to €3,000.41 While the cost of living in cities may be higher, retirees can enjoy a slower pace of life and more affordable living in smaller towns and villages.
🏥 Healthcare
Italy boasts a comprehensive public healthcare system, the Servizio Sanitario Nazionale (SSN), which provides universal coverage to residents and citizens.
The SSN offers quality medical services, and Italian healthcare professionals are highly trained. Additionally, Italy’s private healthcare sector offers excellent services. The difference is often characterized by shorter wait times and is accessible to expats through private health insurance plans.
🚨 Safety
Italy is generally considered a safe country for retirees. While petty crime, such as pickpocketing, can occur in crowded tourist areas, violent crime is relatively low.
🗺️ Retirement visa requirements
Italy does not have a specific retirement visa program. However, US Americans can retire in Italy through other visa options, such as the Elective Residence Visa. To qualify, retirees must demonstrate sufficient financial means to support themselves during their stay in Italy. They must also obtain private health insurance coverage. The visa allows retirees to stay in Italy for an extended period, making it an attractive option for those seeking a long-term retirement in the country.
👋 Local culture
Italian culture is celebrated for its passion, art, and a strong sense of community. Embracing the local way of life, including savoring traditional Italian meals, attending festivals, and exploring historical landmarks, allows retirees to fully immerse themselves in the beauty of Italian culture.
🌍 Retired expat community
Italy has a growing expat community, especially in popular regions like Tuscany, Umbria, and the Amalfi Coast. Cities like Florence and Rome also attract retirees seeking a blend of cultural experiences and modern amenities. Tuscany, in particular, is a beloved destination for retirees for its rolling hills, vineyards, and charming villages, offering a tranquil and idyllic retirement setting.
France
France offers retirees a taste of the good life, with its captivating culture, refined elegance, and picturesque landscapes. Whether strolling through charming villages, sampling delectable French cuisine, or reveling in the country’s rich history, France provides US retirees with an enriching and fulfilling retirement experience in one of Europe’s most cherished countries.
💰Cost of living
Similarly to Italy, the cost of living in France varies depending on the region.
Major cities like Paris and Nice are generally more expensive than rural areas. In general, a retired couple can comfortably live on a monthly budget of around €2,500 to €4,000.42 While city living may incur higher expenses, retirees can find more affordable options in smaller towns and villages. Often, smaller towns and villages offer a more relaxed and authentic French lifestyle.
🏥 Healthcare
France boasts an exceptional healthcare system, considered one of the best in the world. The system, known as the Sécurité Sociale, provides universal healthcare coverage to residents and citizens.
Retirees can access a wide range of medical services, and French doctors and healthcare professionals are highly skilled and well-trained. Additionally, expats can obtain private health insurance to complement their coverage and access services with shorter wait times.
🚨 Safety
France is generally a safe country for retirees. Major cities like Paris and Marseille may experience petty crime, but serious crime rates are relatively low. Smaller towns in rural areas are especially peaceful.
🗺️ Retirement visa requirements
France does not have a specific retirement visa program. However, US citizens can retire in France through other visa options, such as the Long-Stay Visa. To stay long-term, retirees must demonstrate sufficient financial means to support themselves, obtain private health insurance, and meet visa requirements. France’s retirement-friendly policies welcome expats looking for a culturally enriching place to spend their golden years.
👋 Local culture
Art, literature, fashion, and culinary delights define France and its culture. The French people take pride in their heritage and often extend a warm welcome to retirees seeking to embrace the French way of life. From opening the evening with a lovely apéro spread to savoring meals to attending local festivals and visiting world-class museums, retirees can immerse themselves in the timeless charm and elegance of French culture.
🌍 Retired expat community
France has a vibrant and diverse expat community, particularly in regions like Provence, the Dordogne, and the French Riviera. Paris, while more cosmopolitan, also attracts expats seeking an urban lifestyle with access to art, history, and world-class amenities. The picturesque towns and villages of Provence, in particular, have earned a reputation as a beloved destination for retirees seeking a peaceful and scenic retirement setting.
Panama
Panama frequently ranks as one of the best places for to retire, recently earning the top spot on the International Living’s 2022 Retirement Index. The country’s warm climate, beaches, modern infrastructure, and stable democracy make it an attractive destination for Americans looking to retire outside the US.
On top of that, Panama is just a three-hour flight away from the US, making it easy for retirees to come back to see their loved ones.
💰 Cost of living
Retired couples should be able to comfortably live in Panama with a pension income of about $1,200-$3,000 USD per month,43 depending on where they live. If you opt for the countryside, you’ll be able to get by on less, while the city will require a bit more.
🏥 Healthcare
Panama’s Social Security System and Ministry of Health fund its free healthcare system. Working citizens and foreign residents have access to Panama’s social security healthcare system, paid for by employee and payroll taxes. Private insurance is another option, with many plans costing between $50-$90 USD a month for Panama-specific coverage or $2,200 USD a month for international coverage.
🚨 Safety
Panama ranks as the second-safest country in Central America, behind Costa Rica. However, expats should watch out for petty crimes, such as pickpocketing.
🗺️ Retirement visa requirements
To qualify for the retirement visa in Panama, you must prove that you have a monthly pension income of at least $1,000 USD per month OR $750 USD per month, providing you’ve bought property in Panama worth at least $100,000 USD.
👋 Local culture
Panama is another cultural melting pot with indigenous, Spanish, and Afro-Caribbean (and, to a lesser extent, Indian and Chinese) roots. As opposed to other countries in Central and South America where soccer is king, Panama’s national sport is baseball, largely due to the American presence during the building of the Panama Canal. Panama is known for its woven geographic textiles called molas, dishes like yucca cakes and chicken stew, and music like cumbia, saloma, and tamborito.
🌍 Retired expat community
Panama City, the country’s capital, is a hotspot for expats, particularly in the trendy San Francisco neighborhood filled with cafés, bars, and Parque Omar, one of the best parks in the city. An hour away is the small city of Coronado, which has great golf courses and black-sand beaches. Other popular destinations include the traditional small town of Chitre, the rapidly growing David (which is also the second-largest city in the country), and Boquete, a town with a high elevation and spring-like weather year-round.
Prepare to retire abroad with peace of mind
When choosing among the best places for Americans to retire overseas, there are many different factors to consider. First, think about your cost of living. What type of lifestyle do you want to live? What is your budget when you move overseas? Do you want to look into international retirement communities, or buy/rent your home independently?
Next, think about your ideal climate. Do you want to enjoy the fresh mountain air? Then, Cuenca, Ecuador, may be the perfect place for you. Instead, if you want to spend your remaining years relaxing on the beach, Playa Del Carmen, Mexico, could be your best option.
References
Note: To simplify the review of these, we break them down by country.
Costa Rica
- Cost of Living in Costa Rica
- Understanding the Costa Rican Healthcare System
- Guide to Healthcare System in Costa Rica
- Global Peace Index Map
- Residency from Pension or Disability in Costa Rica
Portugal
- Cost of Living in Portugal VS USA
- Portuguese Wine Exports Rise
- Retire in Portugal 2023: A Guide to Retirement
- Guide to Health Insurance and Healthcare System in Portugal
- Portugal is the 7th Most Peaceful World
- Portugal Retirement Visa: Requirements and How to Apply
- Portugal Golden Visa Investment Options
Malta
- Cost of Living Comparison Between the United States and Malta
- Retire in Malta
- Malta Ranks 5th in the World for Overall Healthcare Service
- Retiring in Malta: What Visa Options to Consider
- Malta Culture: Language, Religion, and Food
Mexico
- The No: 1 Destination to Live and Work Abroad According to Expats
- Cost of Living in the United States
- Cost of Living in Mexico
- Guide to Health Insurance and Healthcare in Mexico
- Financial Criteria for Legal Residency in Mexico 2023
Ecuador
- Ecuador vs US Comparison: Cost of Living, Prices, Salary
- Cost of Living in Ecuador
- Excellent Healthcare in Ecuador at a Fraction of U.S. Price
- Ecuador Retirement Visa
Uruguay
- How to Retire in Uruguay: Costs, Visas, and More
- Uruguay Health Insurance: Pacific Prime International
- Same as number 4.
- How to Obtain an Uruguay Retirement Visa
- The Culture of Uruguay
Belize
- The Cost of Retiring and Moving to Belize in 2023
- International Health Insurance Plans
- How to Live or Retire in Belize
Colombia
Greece
- Cost of Living in Greece
- Advice on Obtaining a Retirement Visa for Greece
- Greece Golden Visa Program
Thailand
Italy
France
Panama
