Looking for cheap places to retire? Then find out what to really look for in a retirement location. Economic life is an important factor. But so is the quality of life.
If you’re thriving on adventure and new experiences, you’ll find extremely cheap places to retire abroad. But if living in an exotic environment scares you, then stick with an environment that you are familiar with.
The cheapest places to retire in the US
The best and most affordable places to retire are close to good hospitals, farmers markets, and plenty of outdoor spaces for walking and jogging. Look for places with affordable health care, ease of getting around without a car, and part-time job opportunities.
Budget destinations that meet most of these criteria are in college towns. It includes excellent medical facilities and affordable healthcare, reasonable taxes, and many fitness programs.
Where to find a really cheap life
The most affordable places to retire are abroad. If you want to find great places to retire and low-cost living, look abroad.
Retiring abroad means more money in your pocket. In places like Ecuador, you can live on less than $900 a month. Or discover tropical paradise in places like Belize or Costa Rica for less than $1,500 a month.
How to avoid surprises when looking for cheap places to retire abroad
1. Research medical care abroad among your best options.
2. Discover the steps to establish residency
3. Examine methods for paying taxes abroad.
Researching these important factors ahead of time will make retiring abroad a smooth and pleasant experience.
Great retirement places that are affordable are easy to find if you know what to look for. You just have to decide whether to stay close to home or make retirement an ongoing adventure abroad. When looking for cheap places to retire, look for good hospitals, affordable health care, and ease of getting around without a car.