In this article, we will take a look at the 5 best places to retire in Europe. If you wish to check out our detailed analysis on retiring outside the US, you may go to 17 Best Places to Retire in Europe.
5. Tuscany, Italy
Insider Monkey Score: 3.5
Tuscany, Italy, strikes the perfect balance between art, culture, and food. It offers a rich cultural heritage and is home to breathtaking landscapes, charming towns, renowned art cities, and Renaissance architecture. The region is also a paradise for food and wine enthusiasts. The cost of living is relatively affordable, with a single person needing $1,346 monthly for a comfortable retirement. The healthcare system in Italy is highly regarded as well, with Tuscany offering similar access to high-quality facilities and services.
4. Algarve, Portugal
Insider Monkey Score: 4
Expats seeking an escape from the colder climates often find themselves seeking solace in Algarve, Portugal. Stunning natural beauty, affordable costs of living, and a mild Mediterranean climate make the city one of the best places to retire in Europe. Other factors that lure retirees are its sun-soaked beaches, delectable cuisine, and spectacular architecture. Retirees can find plenty to do on the 100-mile Atlantic shoreline, choose to go on a river cruise from Portimão to Silves or indulge in a game of golf. According to International Living, a couple living in Algarve can retire at $2,735 to $3,735.
3. Lisbon, Portugal
Insider Monkey Score: 4.1
Whether you wish to enjoy the daily grind of a busy city or escape to the beach in under a half hour, Lisbon can help you do both. Nestled on the Atlantic Ocean, the city is home to beautiful sandy beaches and offers plentiful recreational opportunities for retirees. Lisbon’s healthcare system is also highly regarded, and it is one of Europe’s safest cities to retire in. A single person’s living cost in the city is $2,000, while a couple can comfortably retire at $3,000.
2. Berlin, Germany
Insider Monkey Score: 4.2
Berlin, Germany’s multicultural, cosmopolitan city, makes it to our list of best places to retire in Europe due to its rich cultural scene, excellent transportation infrastructure, and wide recreational opportunities. Compared to other major European cities, the cost of living is relatively affordable at $1,179 per person. To retire here, Non-EU nationals need to apply for a temporary residence permit (Aufenthaltserlaubnis) during their initial 90 days’ visit.
1. Valletta, Malta
Insider Monkey Score: 5
Valetta, the capital of Malta, is another one of the best places to retire in Europe. This UNESCO World Heritage site is immersed with architectural treasures such as St. John’s Co-Cathedral and the Grandmaster’s Palace. Located on the Peninsula, the city offers stunning coastal views and beautiful beaches, topped with a pleasant Mediterranean climate for retirees to enjoy. The cost of living, on average, is $1,580 per person, which is very affordable considering the city’s exceptional amenities. Excellent healthcare and an English-speaking community are additional benefits of retiring here.
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