5 Cheapest Countries for Retirement

2. Morocco

Cost of Living Index: 29.3

You can enjoy the remarkably diverse landscape of Morocco for as little as $800 a month. This country boasts a cost of living 1.67 times lower than the world average. Basic utilities such as heating, cooling, water, and electricity in an average apartment cost under $40. On average, the cost of living is 59% lower than that in the United States. The Institute for Economics and Peace (IEP) reports the country ranks 80th out of 163 in the 2022 Positive Peace Index. People who wish to retire also get a chance to enjoy an active expat community, political and economic stability, low crime rates, and adequate healthcare.