11 Cheapest Countries To Retire In Europe

2. Bosnia and Herzegovina

Cost of living, per month: $1207.11

Price of fuel, per liter: $1.21

Climate: -2°C to 3°C in January, and 14°C to 25°C in July

Bosnia and Herzegovina is a country in southeastern Europe, located on the Balkan Peninsula.  This country is filled with Muslim and Christian landmarks, mountainous terrain, and medieval villages. Bosnia and Herzegovina is well known for its deep gorges, beautiful turquoise lakes and rivers, however, it is also famous for its amazing food and welcoming people. A great place to consider if you want to spend your permanent vacation, since it is one of the cheapest countries in Europe. The food is great and quite affordable, apartments are cheap, while the climate is Mediterranean, with mild, rainy winters along the coast, and as far as the inland and high areas are concerned, they have short, cool summers and long, harsh winters. So, if you plan to spend your pension fund here, you will spend a lot of time doing that, but you might need a good umbrella, and a nice winter jacket.