5 Best Places to Retire in Hungary

2. Lake Balaton 

Insider Monkey Score: 18

Average Monthly Cost of Living (Per Individual): $1,730

Average Monthly Rent (1-bedroom): $600

Considered a major holiday destination complete with beaches, resort towns, and high-rise hotels, Lake Balaton can be an ideal place to relax in your golden years. However, this place is not just for beach lovers, but also for food and wine enthusiasts. Fun-loving retirees will love it for its buzzing calendar bursting with events such as the Balaton Sound (one of Europe’s largest open-air music festivals). Then there is the Balaton Uplands, where retirees can go to the idyllic Káli Basin area filled with farmhouse-style restaurants to savor great cooking. Lake-side lifestyle, well-developed infrastructure, mild climate, and stunning beauty together make Lake Balaton a highly sought-after retirement destination.