5 Best Places to Retire If You Have No Savings

2. Granada, Nicaragua

Insider Monkey Score: 22

Granada, Nicaragua, emerges as an alluring retirement destination, blending colonial elegance with the lush beauty of Central America. With living expenses averaging between $800 to $1,200 monthly, it’s no wonder Granada is celebrated as the second-best place to retire if you have no savings. This city enchants with its cobblestone streets, vibrant local markets, and stunning natural surroundings, including Lake Nicaragua and the Mombacho Volcano. Healthcare in Granada is accessible and affordable, complemented by a number of English-speaking providers. Nicaragua’s retiree residency program makes settling down here even more attractive. Offering a sense of adventure along with a relaxed lifestyle, Granada stands out as an exceptional choice for retirees looking to stretch their dollars in a culturally rich and welcoming community.