The 10 Cheapest Places to Retire Abroad

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3. Nicaragua

Nicaragua is the Central American country bordering Costa Rica to the south and Honduras to the north. Since its independence in 1821, Nicaragua has experienced a long period of political turmoil, dictatorship and fiscal difficulties. In recent years however, it has succeeded in economic growth and political stability. This place is very cheap to live and considered as one of the cheapest places to retire. Also, the huge biological diversity, warm tropical climate, and active volcanoes make Nicaragua a popular tourist destination, along with retirement destination.

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