17. Mexico
Expatistan ranking: 20
Numbeo ranking: 18
Local purchasing power ranking: 4
Inflation rate: 2.8%
This country is very popular for retiring abroad, according to Investopedia. It’s close to home, if you are a US citizen and it’s one of the cheapest countries to live in the world. A couple could retire in let’s say Cancun for $2500 a month, more or less. Just imagine yourself drinking tequila while lying in a comfy hammock with a sombrero on your head! What a life!