5 Best Places to Retire in The World for U.S. Citizens

3. Cuenca, Ecuador

Insider Monkey Score:  13

Cost of Living: $1,108

Average Rent: $703

Retirement Visa: Jubilado Visa

Climate:  Subtropical Mountain

Beautiful, safe, and inexpensive, Cuenca in Ecuador is another ideal place for seniors to call home. It boasts a subtropical mountain climate, a rich cultural heritage, and even quality and affordable healthcare. The city is home to a growing expatriate community, with numerous social clubs and groups available to socialize. Cajas National Park is a highlight of this city, offering lakes and hiking trails to explore. It is possible to retire in Cuenca on $1,000 a month.