Looking for a budget-friendly country to retire in? Here are a few options:
Looking for a budget-friendly country to retire in? Here are a few options:
Are you one of those who are planning to have a comfortable and cheap retirement? We present some of the cheapest countries where you can retire for just $500 per month.
Cambodia is one of the best places to retire, as it has the best combination of delicious food, affordable housing, and some great tourist spots. Saving up in Cambodia is easier as you can rent an apartment at a starting price of $180. If you are a local food enthusiast, your daily expenses for meals may be around $1.5. If you like homemade food, the total monthly budget can remain between $350-$400.
Secondly, Nepal is also a very affordable country to settle in. When it comes to dining, it is very cheap. Moreover, the cost of staying may vary from $120 to $250 per month. The language barrier is not an issue, as most of the local people speak Hindi and English in a safe environment.
Vietnam is also a safe option if you want a cheap retirement. Its cost of living can go up to a mere $200 if you choose to live in a city away from tourist areas. Moreover, most people in Vietnam opt to speak in English.
Thailand is also an affordable option if you plan to retire within $500. Rather than choosing famous cities, you can opt for inland cities, which offer accommodation for around $100 and food costs (if eating outside) can go up to $150, which means it is manageable to live within $500.
Sri Lanka also comes in as an option if you are married or living alone, as it has a law that one can live with their partner if not married. Other than that, studio living costs can go up to $200, and food costs up to $100 per month, making it a comparatively safer option for women.
