In this article, we will take a look at the 5 cheapest English-speaking countries to retire. If you wish to check out our detailed analysis on a cheap retirement and becoming bilingual, you may go to 20 Cheapest English-Speaking Countries to Retire.
5. Philippines
Cost of living: $1,000
An expat retiree can comfortably retire in the Philippines for $1,000 per month. English is one of the country’s official languages, with 14 million Filipinos speaking it. The country flaunts a tropical climate with warm temperatures, rich culture, and a thriving expat community. The locals are very friendly, and there are stunning beaches to enjoy. Healthcare is also affordable, with private options being better than public ones.
4. Jamaica
Cost of living: $924
Jamaica’s warm climate, vibrant culture, and stunning natural beauty make it an appealing retirement destination. It is a country where English is widely spoken. It also has a mix of public and private healthcare facilities, with private hospitals offering more adequate services than public ones. The cost of living in Jamaica can vary depending on the location but it costs around $924, on average, for a single individual.
3. Guyana
Cost of living: $834
Another affordable English-speaking country that can be of considerable appeal to retirees is Guyana. A large part of the country is engulfed in a dense rainforest, boasting rich bauxite, gold, and timber reserves. Rainforests, wildlife, and beautiful landscapes engulfed in a warm climate, lure retirees to Guyana. Retirees can expect to live comfortably on $834 a month here.
2. South Africa
Cost of living: $832
One of the cheapest English-speaking countries to retire to is South Africa. Retirees can easily stretch their retirement income in this country on a cost of living of $832 monthly. Expat retirees will also not have to worry about any language barriers since English is one of the many official languages of the country. Home to the iconic Table Mountain in Cape Town, beautiful beaches, and diverse wildlife in national parks, this country is a beautiful retirement destination.
1. India
Cost of living: $800
India offers a lower cost of living than Western countries and other retirement destinations. A single expat retiree can live comfortably on $800 per month. Accommodation, food, transportation, and healthcare costs are far cheaper in India than in the US. English is widely spoken and understood in the country, with an estimated 194 million people speaking the language. The country offers retirees a diverse and rich cultural heritage, and it’s important to consider the cultural adjustments required to live here.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 17 Best Places to Retire in Europe and 15 Best Places to Retire Around the World.
