This article takes a look at the 5 best places to retire in Spain. If you wish to check out our detailed analysis on the expatriate surge in Spain, you may go to the 18 Best Places to Retire in Spain.
5. Alicante
Insider Monkey Score: 12
The port city of Alicante is an exciting place to retire to on the Costa Blanca in Spain. It is brimming with heritage, boasts beautiful beaches, and even promises a vibrant nightlife. There are many bars and restaurants in the city, modern neighborhoods lined with apartment buildings, and many markets to buy groceries. Supermarket chains and departmental stores are easily available as well. On average, the monthly cost of living for an individual retiree is $1,671, which includes $821 spent on rent.
4. Granada
Insider Monkey Score: 13
Granada is an ideal city to enjoy retirement in Spain owing to its affordable cost of living, high-quality healthcare, and beautiful scenery. The striking Alhambra palace in the city is a UNESCO World Heritage Site worth exploring, amongst others. Granada’s location on the foothills of the Sierra Nevada mountains is not only breathtaking but ideal to embark on outdoor adventures as well. With beaches in the Mediterranean and ski resorts in the mountains, retiring in Granada can surely be a dream. On average, the monthly cost of living for an individual retiree is $1,688.
3. Bilbao
Insider Monkey Score: 13
Set against a backdrop of verdant green mountains and the Nervión River flowing through the city, Bilbao promises a high quality of life for retirees. The top-quality culinary scene adds to the beauty of retiring here, with many Michelin-star restaurants and pintxos worthy of note. Healthcare is well-regarded, locals are welcoming, and the city offers a relaxed pace of life. On average, the monthly cost of living for an individual retiree is $2,345, which includes $1,000 spent on rent.
2. Valencia
Insider Monkey Score: 14
Valencia is popular amongst expat retirees for its unique blend of culture, lifestyle, and climate. The city is quite safe for retirees and is also home to a sizable expat community, especially in Ciutat Vella. Retirees get to live a high quality of life here, enjoying beautiful beaches, the rich culture, and plenty of festivals along the way. On average, the monthly cost of living for an individual retiree is $1,980, which includes $1,168 spent on rent.
1. Madrid
Insider Monkey Score: 15
Madrid is the capital as well as the largest city in Spain. Modern amenities, excellent healthcare, rich cultural events, and a vibrant city life describe it best. Retirees get to enjoy flavorful dishes from tapas bars to Michelin-star restaurants, many parks and green spaces, and even historical neighborhoods and monuments. On average, the monthly cost of living for an individual retiree is $2,070.
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