5 Cheapest Places to Retire in Europe

3. Sarajevo, Bosnia and Herzegovina

Insider Monkey Score: 38.17

Retirees in Sarajevo, Bosnia and Herzegovina experience a rich and diverse culture. Compared to other European cities, it has a low cost of living, with expats reporting monthly living expenses to be as low as $400-$500. The locals are known to be very warm and friendly, with stunning natural landscapes. The relaxed, laid-back lifestyle is also a plus.