5 Cheapest Places to Retire in Europe

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1. Ohrid, North Macedonia

Insider Monkey Score: 40.5

Located on the shores of Lake Ohrid, Europe’s deepest and oldest lake, retirees can comfortably retire on $445 (monthly) in Ohrid. Renting a fully furnished studio costs $200, while a one-bedroom apartment costs $200. The city is a UNESCO World Heritage site itself, with a history dating back to thousands of years. Lakes, mountains, and natural healing springs are the top features of this city.

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