Five Great Places to Retire Abroad for Less Than $2,500
The thought of retiring abroad has always been a romantic idea for me. The prospect of warm tropical weather and the adventure of living in a new county is very appealing. But what is the reality of retiring abroad? What will it cost to live comfortably? How do you know where to find the best overseas investment properties? Will I have access to healthcare?
There are many safe and affordable places to live outside of the US. I’ve pulled together five beautiful locations from Europe, Central America and Southeast Asia that offer mild-to-warm climates, great healthcare and a low cost-of-living. These retirement hot spots will soon have you dreaming of retiring abroad as well.
In addition to being great places to live and retire, these locations also present the possibility of finding below market value or bmv investment opportunities on property.
Nha Trang, Vietnam
Nha Trang is located on the south-central coast of Vietnam and is surrounded by miles of beaches and green mountain ranges.
Climate: Hot. Temperatures hover between the 80s and low 90s year-round. Monsoon season is November through early December.
Healthcare: The 1,000-bed Khanh Hoa General Hospital is located in Nha Trang.
Cost of Living: A retired American couple can live comfortably on $750 a month in Nha Trang. For $1,000 a month you can live in the lap of luxury. And while not the official currency, US dollars are widely accepted.
Roatan is home to the world’s second longest coral reef, warm Carribean waters and long strands of white sand beaches. The U.S. dollar is accepted and real estate prices have come down in recent years. English is the primary language.
Climate: The average temperature in Roatan is a lovely 81 degrees. Warning, Honduras lies in the hurricane belt.
Healthcare: On the island there are several clinics and two hospitals. Larger medical facilities are located on the mainland in San Pedro Sula and La Ceiba.
Cost of Living: A retired American couple can live comfortably in Roatan on $1,200 a month.
Bocas del Toro, Panama
On the Caribbean in western Panama, Bocas del Toro offers miles of sandy beaches, turquoise waters and sprawling rainforests. The U.S. dollar is the currency and English is widely spoken even though Spanish is the country’s official language.
Climate: Warm and tropical. Temperatures range from the low 70s to high 80s. Rainy season can stretch from May to January.
Healthcare: There’s a public hospital on the main island in the Bocas del Toro archipelago. It’s adequate and inexpensive, but most expats head to David or Panama City for checkups and planned treatments.
Cost of Living: A retired American couple can live comfortably in Bocas del Toro on $1,500 a month.
Bearn is located in southwestern France, near the border with Spain. The landscape is dotted with medieval towns and there are many markets and vineyards to explore, not to mention a plethora of churches and castles. Living in Bearn is cheaper than in better-known parts of France such as Provence.
Climate: Mild Temperatures range from the 30s to 50s in the winter and the 70s to 80s in the summer.
Healthcare: France ranks #1 on International Living’s Global Retirement Index for health care. There are several hospitals in the Bearn region.
Cost of Living: A retired American couple can live comfortably on about $2,000 a month.
This part of the region is Tuscany on the cheap. The Mediterranean coast is a short drive away. Florence and Pisa are also reasonable day trips.
Climate: Mild. The warm season can stretch from April to October, with temperatures from the mid 70s to low 90s. In winter you can expect lows in the 50s and 60s.
Healthcare: Italy ranks #2 on International Living’s Global Retirement Index for health care. Towns in the region with hospitals are Aulla, Fivizzano, La Spezia, Pontremoli and Sarzana.
Cost of Living: – A retired American couple can live comfortably on about $2,500 a month.