Retirement should be a time of rest, relaxation, and enjoyment — not a time to worry about finances. With the rising cost of living these days, it might be a smart idea to consider retirement abroad where costs can be much lower. Many Americans are doing just that.
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The Wall Street Journal explained that nearly 450,000 Americans received their Social Security benefits outside the US as of the end of 2021 — that’s up from 307,000 in 2008.
If you have an adventurous spirit and you’re looking for a new life experience, retiring abroad could be good for your soul and your wallet.
Here are the 10 best places around the world to retire for less than $1,000 a month listed in descending order based on the average monthly cost of living with rent, according to The Travel:
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Designated as a UNESCO World Heritage site, this eastern European city offers charm, culture, and tranquility.
Medellín is most famous for its excellent coffee and boasts a growing expat community.
Pretoria is considered one of the most beautiful cities in South Africa. You’ll find yourself surrounded by nature in the Magaliesberg Mountains and along the Apies River.
Cuenca features a diverse cultural heritage and outstanding architecture. In 1999, the city’s historic center was listed as a UNESCO World Heritage Site.
Murska Sobota is well known for its stunning landscape, lovely countryside and its peaceful community. This is a great city for retirees looking for a relaxed, slow-paced life.
Timișoara is famous for its neoclassical architecture, theater, cultural events and museums. This is the place for retirees looking for a more active lifestyle.
Chiang Mai is well known for its large expat community. Surrounded by beautiful nature and historic temples, retirees can lead a fruitful post-working life.
Đà Lạt is known for its moderate climate and beautiful countryside. As one of the most scenic places in Vietnam, the city offers a sort of European charm.
Adana is one of the oldest cities in the world and it’s very close to the Mediterranean Sea. Surrounded by mountains, this city is perfect for retired nature lovers.
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Boasting a blend of Morocco and European culture, El Jadida is a famous port city that offers coastal charm and many beautiful beaches. The Portuguese Fortified City of Mazagan, located within the city, was listed as a UNESCO World Heritage Site in 2004.
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This article originally appeared on GOBankingRates.com: 10 Best Places Abroad to Retire on $1,000 a Month Or Less
2024-04-03T17:40:58Z dg43tfdfdgfd