5 Cheapest Places To Retire Abroad If You Speak English

3. Davao City, Philippines

Insider Monkey Score: 36

Monthly Cost of Living: $805

Average Monthly Rent (1-bedroom): $265

Resting on the southern Philippine island of Mindanao, Davao City is an affordable retirement destination where retirees can move without learning a new language. Its well-developed infrastructure, high-quality healthcare, and affordable cost of living make it a well-rounded retirement destination.