5 Cheapest Countries for Retirement

4. Romania

Cost of Living Index: 37.4

Romania is a popular option for retirees to spend their golden years due to its low cost of living, high quality of life, and visa-obtaining ease. The cost of living is 46.9% lower than in the USA, with an average cost of living hovering around $700. Its spectacular wildlife and scenic beauty are major added benefits for retired expats. Healthcare is largely dominated by the public sector, with hospitals equipped with professional staff.