Panama
Panama is very close to the United States, which is great for those who want an entirely new view but want to stay closer to family. This area is very sunny, warm, and a great tropical location. However, Panama rarely gets bad weather and is out of the hurricane belt area.
- Panama does use U.S. currency and they largely speak English. This makes moving here even easier.
- There are several beautiful views here, including amazing beach condos and retirement areas.
- The food here is amongst the best you will find. They have countless restaurants and delicious foods.
- There are several amenities and activities you can enjoy, like golf, tennis, and a variety of outdoor activities.
- If you want something more laid back and affordable, try Pedasi. If you want something more exciting and vibrant, try Panama City. This area is a little more costly though.
You can easily live in Panama for around $2,000 to $2,500 a month. While the country is similar to the U.S. most areas are far less expensive. Also, most do not pay any income tax to the country and rent is very affordable!
Portugal
This is a top choice for many retirees and has become a hub for retirement and has a growing number of people each year. The country offers some of the most amazing people, the perfect mixture of city and calm living, beautiful beaches, and perfect weather. If you want to learn more about a country’s rich history and culture, this is a great choice for you.
- There is a lifestyle for everyone in the country of Portugal, from tropical lifestyles to golf courses.
- You can spend your days exploring ancient ruins, museums, and many other historical locations. You will not run out of things to do here. One can truly live at their own speed of life.
- Portugal is the second least expensive country in Europe. You can live in the country for a fraction of the costs of U.S. living.
- The country was ranked the third safest in the world. You can live in this beautiful area with little fear!
You can easily live in Portugal for around $2,500 a month and even living in the larger cities or beach areas can be lived in for around $3,000 a month. If you live outside of any major city, the price of housing and amenities will drop significantly!
Spain
Moving right along, Spain is one of the absolute best beach destinations on our list and gives you the taste of European culture with a vacation feel. This is one of the best places in Western Europe to retire as they have every luxury you will need.
- There are several amazing beaches in the country that you can live on. Along with a climate that provides everything that you could need.
- There is a large English-speaking population, making the move here much simpler. Also, the Spanish people are extremely helpful and friendly.
- You can find delicious fruits and vegetables here that are locally grown. Since fresh produce is abundant here, you can purchase these foods for far less than many areas.
- You can travel to local areas through their bus system for extremely cheap.
Spain is one of the more costly options on the list but is still very affordable compared to other Western European nations. You can live here for around $2,500 a month for a couple. If you do make more, you can find plenty of lavish activities to do.
Vietnam
Vietnam has practically everything you could be looking for when it comes to a retirement country.
- This beautiful country boasts beaches and mountains, cities, and more rural areas.
- Vietnam has developed quickly compared to other Asian countries, offering great healthcare, quality roadways, and every amenity you could ask for.
- If you are interested in a rich history, Vietnam has some amazing historical sites. You will fall in love with the old temples, emperor’s tombs, and ancient mansions.
- The major cities like Ho Chi Minh City and Hanoi offer more advanced amenities, but can also be a little more expensive than some other rural areas.
If you have a very limited budget or simply want to live somewhere for cheap, this is one of the best countries to retire that you can choose. You will be able to comfortably live in Vietnam for around $2,500 a month. Most luxuries that are very costly in the Western world are more affordable here as well.
Cheapest English-Speaking Countries for Retirement
While many amazing countries today are becoming English friendly and have businesses that speak English, it can be challenging to live in an area that does not speak your native tongue. If you do not speak another language and do not want to start now, living in an English-speaking or English friendly country can be helpful. There are some very safe and inexpensive English-speaking countries where you can retire.
