Cheapest Countries to Retire
When choosing where to retire, you might consider living in a different country where you can get more for your money. Living on a fixed income will make it crucial to find a place that has an affordable cost of living. Consider these 50 countries as options for places to live comfortably and well within your means.
Click through to read about the world's most expensive countries to live in.
Methodology: GOBankingRates generated rankings based on cost of living indices from online pricing database Numbeo.com. This study surveyed cost indicators for major cities in the 103 nations for which Numbeo had recent and accurate data, using the median cost indicators of the cities to generate a typical cost index for the country. In countries where information was only available for a single city, that city's data was used. GOBankingRates measured each country's performance on five key data points: (1) the country's local purchasing power, which measures the local buying power of typical incomes; (2) cost index of consumer goods and services; (3) cost index of rents; (4) cost index of groceries; (5) healthcare index. Countries were scored on the relative favorability of these factors, with each weighted equally, and ranked according to these scores. Additional details about the countries and specific cities were sourced from Numbeo.com (from March 29, 2018) or the Central Intelligence Agency's The World Factbook unless otherwise stated.