In America, the cost of living continues to rise. Housing prices are at there all-time highs. And even simple pleasures, like going out to eat, can cost of $100+. Luckily, this isn’t the case in other parts of the world. And here are the seven cheapest retirement countries.
These are all places where you can live on $2,000 a month… or less!
And, you can do so while enjoying a comfortable, upper middle class lifestyle.
1. Argentina
Often considered the cheapest developed country in the world, Argentina is a bit like visiting Europe. For a fraction of the price!
The country is home to big-city Buenos Aires, famous for its dancing and nightlife. And, there are many unique and interesting natural sites like Perito Moreno Glacier and Patagonia. So, there’s something for everyone. Best of all, living in Argentina is incredibly affordable!
According to Numbeo, “Rent in Argentina is, on average, 84.3% lower than in United States.”
And, a nice steak dinner for two will typically cost you less than $20.
A single man could easily live here for under $1,200 per month. And a couple could enjoy a middle class lifestyle on $2,000 or less. Making Argentina one of the cheapest retirement countries on Earth.
Check out Agoda for hotels and apartments if you’re interested in visiting.
2. Brazil
Most people think Brazil is a violent and dangerous place. And they’re right – at least when it comes to certain cities in the northern part of the country.
Most of Brazil is safe.
Especially the southern region which also boats the country’s highest standard of living.
Southern Brazil is safe, beautiful, technologically advanced, and cheap.
You can live in a gorgeous coastal city for well under $2,000 per month. And that includes going out to eat, hitting up clubs, and visiting museums.
Feel free to check Agoda listings if you’re interested.
3. Greece
Europe can be cheap. And there European countries where you can easily live on less than $2,000 per month.
Greece is a beautiful place. And outside a few tourist hotspots, the country is surprisingly affordable.
Numbeo states that, “Cost of living in Greece is, on average, 30.3% lower than in United States.”
While not the cheapest retirement country on this list, Greece is still significantly less expensive than the USA. You can enjoy a beautiful and historic Greek city for about 2/3rds the cost of what you’d spend in a typical U.S. suburb.
Check Agoda for long-term (and short-term) rental options.
4. Portugal
Easily one of the cheapest retirement countries you can live in, Portugal is an interesting location with a lot of history.
Cappuccino at a local café costs less than $2. And a three-course meal for two averages $43.
Numbeo also lists rents as “54.3% lower than in United States.”
Portugal is also a good “home base” location, allowing you to visit nearby countries like Spain and France.
If you like European coastal living, this is definitely a great option!
Also, feel free to check hotel and apartment prices on Agoda.com.
5. The Philippines
“It’s more fun in The Philippines.” That’s the country’s travel slogan, and it’s true!
This is a fantastic country with hundreds of unique island, and plenty of beautiful beaches.
While not as developed as other Southeast Asian nations like Thailand or Vietnam, the Philippines is still a fun and interesting place to live.
Additionally, the country is incredibly inexpensive by Western standards.
Numbeo ranks the Philippines as 53% less expensive than the United States. And, the website states that “A single person’s estimated monthly costs are $545.80.”
Some areas like Manila are certainly more expensive.
But there are islands and cities where you could easily live in comfort for less than $1,000 per month.
Check Agoda for the best hotel discounts and offers.
6. Thailand
An incredible country with one of the most modern and well-developed cities in the world.
Bangkok, Thailand might be the country’s most famous location, but Thailand has a lot of other excellent cities as well.
Places like Khon Kaen are more affordable, while still offering a modern, first-world standard of living.
Numbeo lists Thailand’s cost of living as “49.7% lower than in United States.” Meaning you can live well on a budget.
Even Bangkok isn’t too expensive, and it is definitely possible to live there on $2,000 a month. Or less.
Check Agoda for hotel and apartment deals. You’ll be surprised at how affordable everything is!
7. Vietnam
Easily the cheapest retirement country in the world. At least when it comes to maximizing your money.
Vietnam is a beautiful country with delicious food, friendly locals, cool natural sites, and an incredible cultural history. It’s also extremely affordable by Western standards.
Meals can cost as little as $2. And Numbeo lists rental prices as “77.8% lower than in United States.”
Every major city is extremely affordable, even in the nicest neighborhoods.
And secondary cities like Da Nang and Vung Tau are super inexpensive. With rents often dipping below $300 per month.
If you’re looking for incredible value, Vietnam is your place.
Take a look at Agoda for the best hotel and apartment listings.
Final Thoughts On The 7 Cheapest Retirement Countries
Retirement doesn’t need to be expensive.
And there are many parts of the world where you can live comfortably off $2,000 a month. Or less!
This is great for both traditional retirees looking to live-off their pensions or Social Security checks. And, it’s also good for entrepreneurs, digital nomads, and crypto investors. All of whom may have experienced a windfall profit that they’re looking to live on.
Keep an eye on sites like Agoda for special travel deals. And don’t be afraid to do a little negotiating once you’ve arrived to the country.
This will help you maximize your money, without sacrificing your standard of living.