This article walks you through the 5 cheapest and safest countries to retire in. If you wish to check out our detailed analysis on a cheap retirement and places to retire on $1,000 a month, go to the 15 Cheapest and Safest Countries to Retire in.
5. North Macedonia
Insider Monkey Score: 96
The landlocked country of North Macedonia is one of the cheapest countries to retire in Europe. The Mediterranean climate of the country, its fascinating history and culture, as well as picturesque landscapes, draw in retirees from all parts of the world. On average, the cost of living is 55.8% lower than in the United States. The country is also safe for expats, so retirees can live in here with peace of mind.
4. Moldova
Insider Monkey Score: 98
For retirees looking for affordability and a rich cultural heritage, Moldova can be a unique option to consider. Adorned with rolling hills, vineyards, and rural villages, the country is a sight to see, and locals welcome expats with open arms. Moreover, wine culture runs deep in the country, with enthusiasts loving the place even more for this reason. On average, living costs are 50.6% lower than in the United States. The country is also relatively safe for expats, with foreigners reporting very little crime.
3. Indonesia
Insider Monkey Score: 104
Retirees who appreciate natural beauty and warm climates must consider Indonesia as their retirement destination. Enjoying a cost of living that is 59.3% lower than in the United States, the country is very affordable compared to Western ones. KITAS Retiree Visa makes it easy to retire to the country, and the friendly nature of locals makes it even easier to call it home. The country also ranks high in the peacefulness index, and there is a low level of crime in most parts of the country.
2. Mongolia
Insider Monkey Score: 105
Untouched natural landscapes, rich cultural heritage, and affordable costs of living make Mongolia an enjoyable destination for retirees. On average, living expenses are 55.4% lower than in the United States. The country ranks “high” in terms of peacefulness and enjoys one of the lowest crime rates in Asia as well. All in all, Mongolia is an ideal country to retire to, for those seeking peace and tranquility in their golden years.
1. Ghana
Insider Monkey Score: 108
This up-and-coming retirement destination ranks number one on our list for a variety of reasons. Boasting a stable political climate, affordable living, and friendly locals, retirees will likely have a good time relocating here. Some ways of life may be a bit of a culture shock, like their food and eating habits, but other than that, it’s a wonderful place to be. The peace index ranks its peacefulness as “high,” with many expats using security guards as an added luxury.
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