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Cheapest countries to retire around the world

Mexico: With low cost of living, Mexico has a wide variety of places to live, miles of coastline, and beautiful cities, and is a popular destination for retirees and vacationers.

Source: Pexels

Ecuador: The overall cost of living in Ecuador is nearly 54% lower than in the United States, making it a great option to retire in.

Source: Pexels

Costa Rica: The overall cost of living is about 25% lower than in the United States, and housing is 61% lower on average, based on May 2024 data, making it an economical consideration.

Source: Pexels

Panama is a popular retirement destination with its proximity to the US and convenient travel options, together with its pleasant climate and low cost of living, have gotten the attention of retirees.

Source: Pexels

Portugal: Portugal is a popular choice as the cost of living is about 35% lower than in the US, and housing is around 43% more affordable.

Source: Pexels