Why Retire Abroad?
Retiring abroad has become increasingly popular, it’s seen as a better option for Americans due to lower living costs and more affordable health care. The average American 65 and over spends about $5,007 per month in the US, living overseas could bring that number down to about 34% to 71%. The biggest factor in play for many Americans is the health care situation, the U.S only ranks 69th out of 167 countries, private medical insurance can cost up to $18,000 per year making this a significant burden. Moving overseas would also bring that number down and offer a higher quality care. These are just two of the more important factors when thinking about retiring abroad, financial relief is the biggest motive for retirees to choose to move.
The Best Places for Retirement
Boquete, Panama
- Monthly budget: $2,400
- Home to only about 25,000 people
- Year-round spring climate, a lush countryside, plenty of restaurants, spas, nightlife.
- Medical clinics with English-speaking staff.
Algarve, Portugal
- Monthly budget: $3,085
- Health care system is one of the best in the world.
- Tranquil weather with limitless sandy beaches
Puerto Vallarta, Mexico
- Monthly budget: $3,305
- Gentle weather, small city between the ocean and the mountains.
- High-quality health care systems, an international medical clinic with English-speaking doctors.
Gascony, France
- Monthly budget: $2,085
- Easily affordable, local markets, which sell affordable local goods and produce.
- Offers excellent health care and has an extremely low crime.
Tarragona, Spain
- Monthly budget: $2,008
- Great weather, rich history, beaches
- It has a very low cost of living for Europe and high quality medical care
Las Terrenas, Dominican Republic
- Monthly budget: $2,225
- Beautiful beaches, affordable and active lifestyle.
- Las Terrenas has a public hospital and several private clinics.
Hua Hin, Thailand
- Monthly Budget: $1,442
- Cleanliness, the lack of corruption, and low-cost, high-standard of living.
- Breathtaking beaches, lots of hospitals, golf courses, condos, restaurants, and hotels.
Santa Familia, Belize
- Monthly budget: $2,035
- Filled with amazing rivers, caves, mountains, jungles, and beaches.
- English is the official language.
