For many, retirement isn’t just about slowing down; it’s about starting an exciting new chapter of their lives.
With rising living costs and healthcare expenses in the U.S., more retirees are exploring options for relocating to places with a better quality of life, while stretching their budget further.
So we have been looking at the most popular countries for retirees, based on the number of enquiries for international moving quotes.
Based on our findings, here’s the list of the most popular countries for retirees to spend their golden years.
1. Portugal
Braga, Portugal
Why It’s Popular:
Portugal consistently ranks high on many global retirement indexes. It offers a mild climate, rich culture, high-quality healthcare, and a surprisingly low cost of living.
Cost of Living:
You can comfortably live on $2,000–$2,500 per month, including rent in smaller cities like Coimbra or Braga. Even in Lisbon, it’s cheaper than most major U.S. cities.
Ease of Immigration:
Portugal’s D7 visa (Passive Income Visa) is tailor-made for retirees. You’ll need proof of a stable income of around €820 per month ($900), less if you settle outside Lisbon or Porto.
Expat Community:
Portugal has a large expat community, especially in Lisbon, Porto, and the Algarve region. Many speak English, making integration easier.
Language:
Portuguese is the official language, but English is widely spoken in tourist areas and by younger generations.
Healthcare:
Ranked among the best in the world, public healthcare is free or low-cost for residents. Private healthcare is affordable, with insurance costing around $50–$100 per month.
You may also like to read: International Moving Costs. In this guide, we look at how much it costs to move to various countries, what affects those costs, and how to save money on your international relocation.
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With proximity to the U.S., a familiar culture, a wide variety of climates, and lifestyles from beach towns to colonial cities, Mexico tops many retirees’ lists.
Cost of Living:
You can live well on $1,500–$2,000 per month, especially in towns like San Miguel de Allende, Lake Chapala, or Mérida.
Ease of Immigration:
Mexico offers Temporary and Permanent Resident Visas. To qualify for a permanent visa, you typically need proof of a monthly income of around $4,500 or a set savings amount.
Expat Community:
An estimated 1.6 million Americans live in Mexico, with some areas having a large concentration of retirees. These communities often have English-speaking doctors, social clubs, and support networks.
Language:
Spanish is the official language, but English is common in expat areas.
Healthcare:
High-quality private care is affordable, and many doctors speak English. A private health insurance plan costs between $100–$300 per month, depending on age and coverage.
You may also like to read: Moving after Retirement. In this guide, we look at the pros and cons of moving home in retirement.
4. Spain
Granada, Spain
Why It’s Popular:
Spain offers a vibrant culture, sunny climate, and outstanding food. Compared to many European countries, it is also relatively affordable.
Cost of Living:
Outside of Madrid and Barcelona, cities like Valencia, Seville, and Granada (having lived in Andalusia, I can thoroughly recommend Granada and the surrounding villages) are cheaper and will allow you to live comfortably for $2,000–$2,500 per month.
Ease of Immigration:
Spain’s Non-Lucrative Visa (NLV) is ideal for retirees. Applicants must prove a monthly income of approximately $2,700, plus more for dependents.
Expat Community:
Spain has a growing American expat community, especially in the Costa del Sol region. English is widely spoken in tourist areas.
Language:
Spanish is the national language. Knowing some Spanish is essential for day-to-day life if you want to live outside the touristy areas.
Healthcare:
Spain has one of the top-ranked healthcare systems in Europe. Private insurance is reasonably priced, around $100–$200 per month, depending on age.
You may also like to read: How to Ship a Car to Europe. If you are planning on taking your car with you to Spain, then in this guide, you will find shipping costs, the documents you need, how to prepare your car for shipping, and tips on finding the best international car shippers.
5. Panama
You don’t get views like this in the Bronx
Why It’s Popular:
With a U.S.-style infrastructure, dollar-based economy, and proximity to the States, Panama is an increasingly popular retirement spot.
Cost of Living:
You can live well on $1,800–$2,500 per month, especially in cities like David or mountain towns like Boquete.
Ease of Immigration:
Panama’s Pensionado Program is among the best globally. If you have a guaranteed pension of at least $1,000 per month, you qualify and you’ll get discounts on healthcare, travel, restaurants, and more.
Expat Community:
Thousands of Americans live in Panama, creating well-established support networks.
Language:
Spanish is spoken, but many Panamanians speak English, especially in expat areas.
Healthcare:
Excellent healthcare options are available in Panama City and larger towns. Insurance can cost as little as $100 per month.
You may also like to read: Moving Abroad Checklist. From pre-move through to post-move, this checklist will ensure that your international relocation goes as smoothly as possible.
6. Thailand
Yet another perfect end to a perfect day in Thailand
Why It’s Popular:
Affordable living, friendly locals, beautiful landscapes, and world-class healthcare make Thailand a favorite in Asia.
Cost of Living:
You can live very comfortably in Chiang Mai or Hua Hin (one of my favourite places in Thailand) for $1,200–$1,800 per month, including rent and food.
Ease of Immigration:
Thailand offers a Retirement Visa (O-A) for those over 50. You’ll need to show $2,000 per month in income or $24,000 in a Thai bank.
Expat Community:
Tens of thousands of Western retirees live in Thailand, especially in Chiang Mai and Phuket. English is widely spoken in tourist and expat areas.
Language:
Thai is the official language, but English is common in cities.
Healthcare:
Thailand’s private healthcare is excellent and affordable. A check-up might cost $30–$50, and health insurance starts around $100 per month.
You may also like to read: How to Overcome the Fear of Moving. Many retirees would love to move abroad, but the fear of doing so stops them. In this guide, we look at how to overcome the fear of moving so that you can realize your dreams.
7. Ecuador
Ecuador is a hidden gem
Why It’s Popular:
With a low cost of living, stunning landscapes (mountains, beaches, and jungles), and a welcoming vibe, Ecuador is an under-the-radar gem.
Cost of Living:
Live comfortably on $1,000–$1,800 per month in places like Cuenca or Loja.
Ease of Immigration:
Ecuador’s Pensioner visa requires proof of $1,275 per month in income. The process is fairly straightforward with legal help.
Expat Community:
Cuenca is home to a large and active American retiree population. English-speaking services and social groups are common.
Language:
Spanish is the official language, though English is common among expats and professionals.
Healthcare:
Ecuador offers both public and private healthcare. Private insurance is low-cost, averaging $80–$150 per month.
You may also like to read: How to Create a Moving Budget. Understanding the financial cost of moving abroad is critical to your relocation success. In this guide, we explain how to create a moving budget checklist so that nothing is missed from your calculations.
What to Consider Before You Move Abroad
Do the math: Can you afford to relocate and still have some healthy savings? There are always hidden expenses moving home, and that is even truer when setting up a new life in a new country.
Consider Renting: If you are unsure where exactly you would like to put down roots in your chosen country, then consider renting a place first so that you can decide where suits you best. Spend several months in your chosen area before committing.
Healthcare Access: Ensure you have access to quality care, especially for chronic or age-related conditions. Check on the availability of any medications you currently need.
Legal Help: Use a local immigration lawyer or relocation service. Seek out recommendations on expat forums to avoid getting scammed.
Language Learning: Even basic language skills go a long way in helping you integrate.
Taxes: Consult a tax expert familiar with U.S. and foreign tax treaties.
Finally, just to throw a curveball your way, have you considered moving to Bulgaria? Judging by the number of international moving quotes requested for Bulgaria, many Americans are discovering this hidden gem of a country.
You may also like to read: Moving to Bulgaria. This amazing country is on few people’s radar, but it should be. Check out this guide to find out why.
Learn about moving to Bulgaria and browse the latest properties for sale at www.realistimo.com
And be sure to check out of library of international moving guides in our home moving blog, which is packed with guides to make every aspect of your relocation easier, cheaper, and safer.
Good luck with choosing your new home and happy retirement!
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